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<br />WHEN RECORDED MAIL TO:
<br />Exchange Bank
<br />P.O. Box 760
<br />#14 LaBarre
<br />Gibbon. NE 68840 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is deted December 29, 2010, among MICHAEL A PANOWICZ A/K/A
<br />MIKE PANOWICZ and PATRICIA M PANOWICZ A/K/A PATRICIA PANOWICZ, Husband and
<br />Wife as Joint Tenants, whose address is 10288 W WHITE CLOUD RD, CAIRO, NE 68824
<br />("Trustor"); Exchange Bank, whose address is P.O. Box 760, #14 LaBarre, Gibbon, NE 68840
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Exchange
<br />Bank, whose address is P.O. Box 760, Gibbon, NE 68840 (referred to below as "Trustee"1.
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the benetft of Lender as Beneflciary, all of Trustor's right, title, and interest in and to the following described real
<br />property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rightsl; and all other rights, royalties, and profits relating to the real property, including without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "R�el Property") IoCated in HALL
<br />County, State of Nebraska:
<br />PARCEL 1: THE SOUTHEAST QUARTER (SE1/4) OF SECTION TWENTY TWO (22►,
<br />TOWNSHIP TWELVE (12) NORTH, RANGE ELEVEN (11) WEST OF THE 6TH P.M., HALL
<br />COUNTY, NEBRASKA EXCEPTING A CERTAIN PARCEL OF LAND MORE PARTICULARLY
<br />DESCRIBED IN A CERTAIN PLAT AND SURVEY COMPLETED BY THOMAS L. JORDAN,
<br />REGISTERED LAND SURVEYOR ON JUNE 30, 1986 AND FILED OF RECORD AS
<br />DOCUMENT NO. 86-104972 ON SEPTEMBER 2, 1986. PARCEL 2: THE SOUTHWEST
<br />QUARTER (SW1/4) OF SECTION TWENTY TWO (22), TOWNSHIP TWELVE (12) NORTH,
<br />RANGE ELEVEN (11) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA EXCEPT A
<br />TRACT MORE PARTICULARLY DESCRIBED IN BOOK 4, PAGE 188; EXCEPTING A
<br />CERTAIN TRACT DEEDED TO STATE OF NEBRASKA MORE PARTICULARLY DESCRIBED IN
<br />BOOK 85, PAGE 10; AND EXCEPTING A CERTAIN TRACT DEEDED TO THE BURLINGTON
<br />NORTHERN AND SANTA FE RAILWAY COMPANY MORE PARTICULARLY DESCRIBED IN
<br />DOCUMENT NO. 98-100374.
<br />The Real Property or its address is commonly known as CAIRO, NE 68824. The Real Property
<br />tax identification number is 400191229 400289199.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thareon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor
<br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Trustor may be liable individually or jointly with others,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor
<br />whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust
<br />secures, in addition to the amounts specified in the Note, alI future amounts Lender in its discretion may loan to
<br />Trustor, together with all interest thereon.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and
<br />interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br />grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A1 PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br />amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br />Property shall be governed by the following provisions:
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