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<br />This Deed of Trust, hereinafter referred to as Security Instrument, is made on this 12th day of January, 2011.
<br />The Trustor, hereinafter referred to as Borrower, is Bernard G. Katzberg, A Single Person, whose address is
<br />8938 N Roseland Ave, Prosser NE 68883.
<br />The Trustee, hereinafter referred to as Trustee is Adams County Bank. The Beneficiary, hereinafter referred to as
<br />Lender, is Adams County Bank, which is organized and existing under the laws of the State of Nebraska, and whose
<br />address is Kenesaw, County of Adams, State of Nebraska. Borrower owes Lender the principal sum of
<br />One Hundred Twenty Two Thousand Four Hundred Twenty Four pollars and 70/100---------------------Dollars
<br />($122,424.70). This debt is evidenced by Borrower's note dated the same date as this Security Instrument, hereinafter
<br />referred to as Note, with the full debt, if not paid earlier, due and payable on November 1, 2015. This Security
<br />Instrument secures to Lender: (a) the repayment of the debt evidenced by Note(s), together with interest thereon, any
<br />further advances, and all extensions, modification, substitutions, and renewals thereof; (b) the payment of all other sums,
<br />with interest, advanced under Section Nine hereof to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose,
<br />Borrower irrevocably grants and conveys to Trustee, in trust, with Power of Sale, the following described real estate:
<br />See "Exhibit A".
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<br />, which is located in Hall County, Nebraska, having the address of Prosser, Nebraska, and is hereinafter referred to as
<br />"Property Address."
<br />Together with all the improvements now or hereafter erected on the properly and all easements, rights,
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all �xtures now or
<br />hereafter a part of the said property. All replacements and additions shall also be covered by this Security Instrument. All
<br />of the foregoing is referred to in this Security Instrument as the "Property".
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and
<br />convey the Properly and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and
<br />will defend generally the title to the Properiy against all claims and demands, subject to any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />1. TRUST DEEDS ACT. That this Trust Deed shall be governed by the terms of Section 76-1001, and
<br />following, of the Revised Statutes of the State of Nebraska, also known as the Nebraska Trust Deeds Act.
<br />2. PAYMENT. That the Borrower shall pay to the Beneficiary the principal and interest under the terms of the
<br />Promissory Note(s).
<br />3. TAXES. That the Borrower shall pay all general real estate taxes and special assessments levied hereinafter
<br />against the property when the same become due and before the same become delinyuent.
<br />4. INSURANCE. That the Borrower shall insure the property against loss by fire, hazards, included within the
<br />term `Bxtended Coverage" and any other hazards for which the Lender requires insurance in an amount not less than
<br />N/A Thousand Dollars and no/100--------------Dollars ($00,000.00) with a company qualified in the State of
<br />Nebraska by a policy containing a clause for loss payable to the Beneficiary and the Borrower as their respective interests
<br />exist at the time of the loss and to provide evidence of payment of the premium of said policy upon reasonable demand by
<br />the beneficiary.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or
<br />repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened,
<br />or the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />any excess paid to Bonower.
<br />If Borrower abandons the Property, or does not answer within thirly (30) days a notice from Lender that the
<br />insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the
<br />proceeds to repair or restare the Property or to pay sums secured by this Security Instrument, whether or not then due.
<br />The thiriy (30) day period will begin when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend
<br />or postpone the due date of the payments referred to in Section 2 hereof, or change the amount of the payments. If the
<br />property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from damage to the
<br />Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument
<br />immediately prior to the acquisition.
<br />5, WASTE. That the Borrower shall not commit or suffer any waste of the property.
<br />Removal of Improvements. Borrower shall not demolish or remove any improvements from the real property
<br />without Lendr's prior written consent. As a condition to the removal of any improvements, Lender may require Borrower
<br />to make arrangements satisfactory to Lender to replace such improvements with improvements of at least equal value.
<br />Borrower will maintain the farm during the time this Deed of Trust remains in effect, in as good as condition and
<br />repair as was when this instrument was executed, or is later improved. Additionally, Borrower shall operate and maintain
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