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<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST, is made. as of the [ 21 st day of L ~a
<br /> DecerilbQr 2009byand
<br /> among the Trustor, person
<br /> whose mailing address is 1022 S Mine Street Gr~nd sland NE 68901
<br /> (herein "Trustor", whether one or more). The Trustee: NEBRASKA ENERGY FEDERAL CREDIT UNION
<br /> whose mailing address is: P.O. Box 499, Columbus, NE 68602-0499. (herein "Trustee"), and the Beneficiary:
<br /> NEBRASKA ENERGY FEDERAL CREDIT UNION whose mailing address is: P.O. Box 499, Columbus, NE
<br /> 68602-0499 (herein "Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to:
<br /> ill e a sin le erson
<br /> (herein "Borrower," whether one or more) and the trust herein created, the receipt of which is hereby acknowledged,
<br /> Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE,
<br /> for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br /> property described as follows: 1022 S Vine Street, Grand Island NE 68801
<br /> Lot 24, Buenavista Subdivision, Grand Island, Hall County, Nebraska
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<br /> Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br /> and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br /> remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture,
<br /> including, but not limited to, heating and cooling equipment; and together with the homestead or marital interests, if
<br /> any, which interests are hereby released and waived; all of which, including replacements and additions thereto, is
<br /> hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br /> referred to herein as the "Property".
<br /> This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note
<br /> or credit agreement dated ember 21, 2009 , having a maturity date of December 21, 2019
<br /> in the original principal amount of , and any and all modifications, extensions
<br /> and renewals thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more
<br /> than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note"); (b) the
<br /> payment of other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants
<br /> and agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower
<br /> (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by
<br /> note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure the
<br /> Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements
<br /> and assignments of leases and rents, shall be referred to herein as the "Loan Instruments".
<br /> Trustor covenants and agrees with Lender as follows:
<br /> 1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br /> 2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property, and
<br /> warrants that the lien created hereby is a first and prior lien on the Property, except for liens and encumbrances set
<br /> forth by Trustor in writing and delivered to Lender before execution of this Deed of Trust, and the execution and
<br /> delivery of this Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
<br /> 3. Taxes, Assessments. To pay before delinquency all taxes, special assessments and all other
<br /> charges against the Property now or hereafter levied.
<br /> 4. Insurance. To keep the Property insured against damage by fire, hazards included within the term
<br /> "extended coverage" and such other hazards as Lender may require, in amounts and with companies acceptable to
<br /> Lender, naming Lender as an additional named insured, with loss payable to the Lender. In case of loss under such
<br /> policies, the Lender is authorized to adjust, collect and compromise, all claims thereunder and shall have the option
<br /> of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby and in such order as Lender
<br /> may determine, (ii) to the Trustor to be used for the repair or restoration of the Property or (iii) for any other purpose
<br /> or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby
<br /> before such payment evertook place. Any applications of proceeds to indebtedness shall not extend or postpone the
<br /> due date of any payments under the Note, or cure any default thereunder or hereunder.
<br /> 5. Escrow. Upon written demand by Lender, Trustor shall pay to Lender, in such a manner as Lender may
<br /> designate, sufficient sums to enable Lender to pay as they become due one or more of the following: (i) all taxes,
<br /> assessments and other charges against the Property, (ii) the premiums on the property insurance required hereunder,
<br /> and (iii) the premiums on any mortgage insurance required by Lender.
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