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<br />WHEN RECORDED MAIL TO: �,
<br />Platte Valley State Bank 8 Trust Company
<br />PVSB Grand Island Branch ��.�
<br />810 Allen Dr
<br />Grand Island. NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated February 8, 2012, among Alan R. Usher, whose address is
<br />1310 S Gunbarrel Rd., Grand Island, NE 68801 and Joanna Usher, whose address is 1310 S
<br />Gunbarrel Rd., Grand Island, NE 68801; as Husband and Wife, as Joint Tenants with Rights of
<br />Survivorship ("Trustor"); Platte Valley State Bank 8� Trust Company, whose address is PVSB
<br />Grand Island Branch, 810 Allen Dr, Grand Island, NE 68803 (referred to below sometimes as
<br />"Lender" and sometimes as "Beneficiary"); and Platte Valley State Bank � Trust Company,
<br />whose address is 2223 2nd Ave, Keamey, NE 68848 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideraUon, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the beneflt of Lender as Beneflciary, all of Trustor's right, tiUe, 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 rights); and all other rights, royalties, and profits� relatin to the real property, includin without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the Real Property ) located in Hall C ounty,
<br />State of Nebraska:
<br />LOT TWO (2) PARADISE LAKE ESTATES, FIFTH SUBDIVISION� HALL COl1NTY,
<br />NEBRASKA.
<br />The Real Property or its address is commonly known as 1310 S Gunbarrel Rd., Grand Island,
<br />NE 68801. The Real Property tax identification number is 400398265 � 400207222.
<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 commitrnent. Specifically, without limitation, this Deed of Trust
<br />secures, in addition to the amounts specified in the Note, all 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 Beneflciary in this Deed of Trust) all of Trustor's right, tiUe, 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 securiry 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 (A) 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 othervvise 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 pertorm 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 govemed by the following provisions:
<br />Possesslon and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintaln. Trustor shall maintain the Property in good condition and prampUy pertorm all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compllance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br />Trustor's ownership of the Property, there has been no use, generation, manufacrure, s4orage, treatment, disposal,
<br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property;
<br />(2) Trustor has no knowledge of, or reason to believe that there has been, except as previously discloSed to and
<br />acknawledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br />generation, manufacture, storage, treatrnent, disposal, release or threatened release of any Hazardous Substance
<br />on, under, about or from the Properly by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously
<br />disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other
<br />authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous
<br />Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with
<br />all applicable federal, state, and local laws, regulations and ordinances, including without limlitation all
<br />Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Properly to rnake such
<br />inspections and tests, at TrustoPs expense, as Lender may deem appropriate to determine compliance of the
<br />Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's
<br />purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Trustor or
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