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<br />DEED OF TRUST
<br />T`HIS DEED OF TRUST is made on July 15, 2011 (date).
<br />The Trustors are Amos C. Anson and 5hazena D. Anson, also referred to herein as Borrowers.
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<br />The Trustee is: Andrew R Willis, Attomey at Law, Cline Williams Wright Jolmson & Otdfather, L.L.P
<br />address 233 South 13`� Street, Lincoln, NE 68508.
<br />The Beneficiary is the Nebraska Enterprise Fund, also Imown as Lender.
<br />Beneficiary's address is 330 N Oakland Ave, Oakland, Nebraska 68045.
<br />Borrowers irrevocably convey to Trustee, in Trust, with power of sale, the following:
<br />Lot Seventeen 17 in Capital Heights Seventh Subdivision City of Grand Island Hall County
<br />Nebraska
<br />together with all the rents and profits there from, all buildings of any kind situated thereon, and subject to
<br />easements and restrictions of record, if any.
<br />Borrower owes Lender $ 100,000, (One huudred Thousand dollars), evidenced by two notes signed by
<br />Borrowers on July 15, 201 I to Nebraska Enterprise Fund, payable according to the terms thereof.
<br />This Deed of Trust secures to I.ender: (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 faithfiil performance of each and every covenant and agreement set forth in this Deed of Tnist
<br />or the Note.
<br />Borrowers covenant that Borrowers are lawfully seized of such 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 against the lawful
<br />daims 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.
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<br />All payments received by Lender shall be first applied to advances, which may have been made by Lender
<br />and then to interest due and last to principal due.
<br />Borrowers shall pay all general real estate taxes and special assessments against the property before the
<br />same become delinquent.
<br />If Lender determines Wat any part of the property is subject to a lien, which is or may attain priority over
<br />this Deed of Trust, Lender may give Borrowers a notice identifying the lien and Borrowers shall satisfy the
<br />lien within ten (10) days.
<br />Borrowers shall keep the iroprovements on said premises insured against loss by fre and hazards 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 />promptly made by Borrowers. Insutance proceeds 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.
<br />Unless Lender and Bonowers otherwise agree in writing, any payments or proceeds from inswance 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 Borrawers fail to perform the coveaants 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 Borrowers secured by tUis Deed of Trust, to bear interest
<br />from the date of disbursement and said amount, together with the then unpaid principal amount, sha11 bear
<br />interest at the highest lawful rate until refunded by Borrowers.
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