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201102`��.
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on this / day of March, 2011. The Trustor
<br />(whether one or more) is DOUGLAS C. LUTH and SHERRI LUTH, Husband and Wife, whose
<br />address for purposes of notices in respect to this Deed of Trust is 4312 N. 90th Road, Cairo,
<br />Nebraska 68824 and is sometimes herein identified as Borrower. The Trustee is Galen E.
<br />Stehlik, Attorney at Law and member of the Nebraska State Bar Association, whose address is
<br />P.O. Box 400, Grand Island, Nebraska 68802-0400. The Beneficiary is Tommy L. Ummel, Sr.,
<br />who address for pu�oses of notification under this Deed of Trust is S/$ Sau� S�tae�
<br />� e� r,Q �occ e1 v'rcK cQ TS(q,N d1 � �fJE_ and is sometimes y
<br />herein identified as Lender.
<br />BORROWER IRREVOCABL'�' CONVEYS TO TRUSTEE, IN TRUST, WITH
<br />POWER OF SALE, THE FOLLOWING:
<br />Lot Five (5), Block Thirty Eight (38), in Packer & Barr's Second Addition to the City of
<br />Grand Island, Hall County, Nebraska; and
<br />Lot One (1), in Block Twenty Nine (29), in Packer & Barr's Second Addition to the City
<br />of Grand Island, Hall County, Nebraska;
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to, heating
<br />and cooling equipment and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived, all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property".
<br />Borrower owes Lender the total sum of Twenty Thousand and No/100 Dollars
<br />($20,000.00) evidenced by Borrower's Note of even date herewith (hereinafter referred to as
<br />"Debt") which has a stated maturity date af ��� [, ZIX6, This Debt shall include any and
<br />all modifications, extensions and renewals thereof or thereto and any and all future advances and
<br />readvances to Borrower (or any of them more than one) hereunder pursuant to one or more
<br />promissory notes or credit agreements (herein called "Note").
<br />This Deed of Trust secures to lender the Debt evidenced by said Note, the payment of all
<br />other sums, with interest, advanced under the provisions hereafter to protect the security and the
<br />performance of Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal
<br />power and lawful authority to convey the same and warrants and will defend title to the real
<br />estate against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due, the principal and interest as provided in said Note.
<br />2. All payments received by lender shall be first applied to advances which may have
<br />been made by Lender and then to interest due and last to principal due.
<br />3. Borrower shall keep the improvements on said Property insured against loss by
<br />fire and hazards included with the term "extended coverage" for their insurable value and policies
<br />for the same shall include a standard mortgage clause showing Lender herein. In event of loss,
<br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be
<br />applied to restoration or repair of the Property damaged, unless both parties otherwise agree,
<br />except if restoration or repair is not economically feasible or Lender's security is not lessened,
<br />otherwise said proceeds shall be paid on the debt herein, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from
<br />insurance shall not extend or postpone the due date of the monthly payments provided in said
<br />instrument of indebtedness, or change the amount of the payments.
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