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<br />beginning �ein the South line of the Narth 1�0 acres of the Narthw�st of said 5ection 5;
<br />thence continuing S ° 1' 25" W and on the West line af the South H the Northwest Quarter pf
<br />said 5ection 5 a distance 20.34 f�et to thc Sauthwest corner he Narthwest Quarter of said
<br />Section 5; thenc� S p0° 01' 11' nd nn the West line of th rth Half of the Southwest Quartet of
<br />said Section 5, a distance af 206.0 fe , ence S 89° 3' E a distance of 66.0 feet; thence N 89°
<br />47' 06" E a distance of 1796.88 feet; thenc� 9° 4' " E a distance of 96.98 feet; thence N 56° 39'
<br />25" E a distance of 341.76 feet; thence N 43° ' a distance of 324.Q4 feet; thence N 31° 19' 49"
<br />� a distance of 350.65 feet; thence N 87° OS" E a ce of 3q.15 feet ta a point on the East line
<br />of the South Half of the Narthwest er of said Section 5; ce N 00° 32' 34" W and on the �ast
<br />line of the South Half of the Na est Quarter of said Section 5 a ' nce of 262.26 feet to a point on
<br />the South line of the Nort acres of th� Northwest Quarter of said ' n 5; thence S 89° 59' 23"
<br />W on the South line � North 100 acres af the Narthwest Quarter of said. Se � S and parallel with
<br />the Narth line vernment Lot 3 and the Narth line of Government Lot � of said Se ion 5 a distance
<br />of 2fi69.76 fee to the place af beginning EXCEPYING a certain tract mnre particularly des�ribed as Lot
<br />One (1), Marvin Welty Subdivision, Hall County, Nebraska
<br />7his dacument is executed in 2 counterparts to facilitate recording in multiple counties but shall be
<br />deemed to be one document.
<br />together with all Trustor's right, title, and inter�st in the property, naw or hereafter acquir�d, including:
<br />al� buildings, fixtures, timber, timber to b�* cut, crops, and improvements now an or hereafter placed
<br />upon the property; all appurtenances, water, water rights, irrigation, and drainage rights; all rents,
<br />issues, uses, income, profits, and rights ta possessian; all oil, gas, gravel, rock, or other minerals of
<br />whatever nature, including geothermal resaurces; all personal prnperty that may integrally belong to or
<br />hereafter become an integral part of the r�al estats whether attached or detached, including any
<br />appurtenances and accautrements of any structure or residence secured hereby; easements and other
<br />rights and inter�sts now ar at any time hereafter belonging to or in any way pertaining to #he property,
<br />whether or not specifically described herein; all above and below ground irrigation �quipment and
<br />accessories; and all leases, permits, licenses, or privileges, appurt�nant or nonappurtenant to the
<br />praperty, now or hereafter issu�d, extended ar renewed by Trustor(s), any State, the United States, or
<br />any department, bur�au, instrumentality, or agency thereof. Th� foregoing is collectively referred to in
<br />this dacument as the "property."
<br />It is understpod and agreed between Trustor(s) and Ben�ficiary that this Trust Deed is given to secure
<br />the repayments in full of the follawing described obligations, regardless af whether Mortgagor(s) is(are)
<br />liable ther�on, and all future and additional laans or advances, protective or otherwise, which may b�
<br />made by Beneficiary, at its opkion, at th� r�quest of, and to or for the account of Trustor(s), the parti�s
<br />liable under the note(s) or credit agreement(s), or any of them, for any purpose, plus interest thereon,
<br />all payable according to the terms of the note(s), credit agreem�nt(s), or other instrument(s) modifying
<br />the same.
<br />Date of Note(s) dr Credit Aqreement(s) Principal Amount
<br />11/19/2Q1 � $�100,00p.Q0
<br />Provided, how�ver, that the total principal indebtedness outstanding and secured hereby at any one
<br />time will not exceed the sum of FOUR HUNDRED TMOUSAND, ($�400.ODO.QO), exclusive of interest
<br />and pratective advances authorized herein or in th� loan agr�ement(s); provided further, that THIS
<br />PARAGRAPH SHAI�I. NOT CONSTITUTE A COMMITM�NT TO MAK� FURTH�R OR ADDI1'IONAL
<br />ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT TH� TOTAL PRINCIPAL
<br />INl]EBTEDN�SS ABOV� HAS BEEN ADVANCED.
<br />This Trust Deed will be due October 1, 2A30.
<br />Trustor(s) hereby warrants that Trustnr(s) holds fee simple title to the above described property, that
<br />Trustor(s) has good and lawful authority to deed and encumber the same, that the property is free and
<br />clear of all liens and encumbrances, except encumbrances of record, and that Trustor(s) will warrant
<br />and defend th� property, at Trustor(s) expense, against all claimants whomsoever. Trustor(s) also
<br />hereby waiv�s and relinquishes all rights of dawer, homestead, distributive share, and exemption in and
<br />to the above d�scribed prop�rty.
<br />7rustor(s) and each of them further cavenants and agrees with Beneficiary as foliows:
<br />1. Tn pay all liens, judgments, or other assessments against the property, and to pay when due all
<br />assessments, taxes, rents, fees, or charges upon the property nr under any lease, p�rmit, license, or
<br />privilege assigned to Ben�ficiary as additianal security to this Trust Deed, including those in or on public
<br />domain.
<br />�. To insure and keep insured buildings and other improvements including fixtures and attachments
<br />now on or hereafter placed on the property to the satisfactinn of Beneficiary, will nn demand furnish
<br />said policies or furnish prnof of insurance to �eneficiary. Any sums so received by Beneficiary may be
<br />used to pay for reconstruction of the destroyed impravements ar if not so applied may be applied, at the
<br />option of Beneficiary, in payment of any indebtedness matured or unmatur�d secured by this Trust
<br />Deed. Such insuranc� will be in an amaunt at least equal to the lesser of the loan balance, the actual
<br />cash value of the collateral, or the replacement cost of the property, and will at a minimum, cover losses
<br />caused by fire, lightning, explasian, riot, aircraft, vehicles, vandalism, civil commotion, smokc,
<br />windstorm, and hail. Trustor(s) will nbtain and keep flood insurance in fores to cnver losses by flood as
<br />App #: 5037603; CtF #: 126602; Note #: 203 202�A Legal Doc. Date: November 19, 2010
<br />FqRM 5011, Trust Ased and Assignment of Rents Page 2
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