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<br />Unless Lender and Borrowers otherwise agree in writing, any payments or proceeds Gom insurance shall
<br />not extend or postpone the due date of the monthly payments provided in said Note, or change the amount
<br />of the payments,
<br />6. If Borrowers fail to perform the cavenants and agreements herein contained, Lender may do and pay for
<br />whatever is necessary to protect the value of the property and Lender's rights in the property, including the
<br />paying of any sum secured by a lien which has priority over this Deed of Trust, appearing in Court, paying
<br />reasonable attomey fees and entering the property to make repairs. Any amount disbursed by Lender under
<br />this paragraph shall become an additional debt of Bortowers secured by this Deed of Trust, to bear interest
<br />from the date of disbursement and said amount, together with the then unpaid principal amount, shall bear
<br />interest at the lughest lawful rate until refunded by Borrowers.
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<br />DEED OF TRUS�
<br />THIS DEED OF TRUST is made on July 15, 2011 (date).
<br />The Trustors aze Amos C. Ansan and Sharena D. Anson, also referred to herein as Borrowers.
<br />The Trustee is: Andrew R Willis, Attorney at I.aw, Cline Williams Wright Johnson & Oldfather, L.L.P
<br />address 233 South 13�' Street, Lincoln, NE 68508.
<br />The Beneficiary is the Nebraska Enterprise Fund, also laiown as Lender.
<br />Beneficiary's address is 330 N Oakland Ave, Oakland, Nebraska 68045.
<br />Borrowers inevocably convey to Trustee, in Trust, with powA{�f sale, the following:
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<br />THE WESTERLY TWO THIRDS W2 3 OF LOT SIX 6 IN BLOCK FIFTY FIVE 55 OF THE
<br />ORIGINAL TOWN NOW CITY OF GRAND ISLAND HAII COUNTY NEBRASKA
<br />together with all the rents and profits there from, ail buildings of any kind situated thereon, and subject to
<br />easements and restrictions of record, if any.
<br />Bonower owes Lender $ 50,000, (Fifl.y Thousand), evidenced by Borrowers' 60 Month Note of July 15,
<br />201 l, payable according to the terms thereof.
<br />This Deed of Trust secures to Lender: (1) the Debt evidenced by said Note, (2) the payment of all other
<br />sums, with interest, advanced under the provisions hereafter to protect, maintain, and preserve the security,
<br />(3) the truth and accuracy of every statement made by Borrowers in this Deed of Trust or the Note, and (4)
<br />the full and faithful performance of each and every covenant and agreement set forth in this Deed of Trust
<br />or the Note.
<br />Borrowers covenant that Borrowers are lawfutly seized afsuch real estate and have the legal power and
<br />lawful authority to convey the same and warrant and will defend title to the real estate agai�st the lawful
<br />claims of all persons.
<br />BORROWERS AND LENDERS AGREE AS FOLLOWS:
<br />1. Borrowers 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, wluch may have been made by Lender
<br />and then to interest due and last to principal due.
<br />3. Borrowers shall gay all general real estate taxes and special assessments against the property before the
<br />same become delinquent.
<br />4. if Lender determines that any part of the pmperty is subject to a lien, which is or may attain priority over
<br />this Deed of Trust, Lender may give Borrawers a notice identifying the lien and Borrowers shall satisfy the
<br />lien within ten (10) days.
<br />5. Borrowers shall keep the improvements on said premises insured against loss by fire and hazazds included
<br />within the term "extended coverage", for their insurable value and policies for the same shall include a
<br />standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not
<br />promptiy made by Borrowees. Insurance peoceeds shall be applied to restoration or repair of the property
<br />damaged, unless both parties otherwise agree, except if restoration or repair is not economically feasible or
<br />Lender's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or not
<br />then due. Borrowers shall also maintain premises general liability in a customary and reasonable amount,
<br />naming Lender as an additional insured.
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