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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 dated March 13, 2012, among PHILLIP A BECKETT II and HEIDI J
<br />BECKETT, Husband and Wife as Joint Tenants ("Trustor"1; Exchange Bank, whose address is
<br />P.O. Box 760, #14 LaBarre, Gibbon, NE 68840 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and EXCHANGE BANK, whose address is 1204 ALLEN DR / PO
<br />BOX 5793, GRAND ISLAND, NE 68802 (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 benefit of Lender as Beneficiary, 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 rights); 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 "Real PI'opel°ty") IoCated in HALL
<br />County, State of Nebraska:
<br />A TRACT OF LAND COMPRISING A PART OF THE EAST HALF OF THE SOUTHEAST
<br />O.UARTER OF THE SOUTHWEST aUARTER (E1/2 SE1/4 SW1/4) OF SECTION
<br />TWENTY-THREE (23), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE
<br />6TH P.M., HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS
<br />FOLLOWS: BEGINNING AT A POINT ON THE SOUTH LINE OF SAID EAST HALF OF THE
<br />SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (S1/2 SE1/4 SW1/4); SAID POINT
<br />BFIN� .O.NE HUNDRED NINETY-FIVE AND FORTY-FIVE HUNDREDTHS (195.45) FEET WEST
<br />OF THE SOUTHEAST CORNER OF SAID SOUTHWEST QUARTER (SW1/4); THENCE S 90
<br />00' 00" W(ASSUMED BEARING) ALONG AND UPON THE SOUTH LINE OF SAID EAST
<br />HALF OF THE SOUTHEAST aUARTER OF THE SOUTHWEST aUARTER (E1/2 SE1/4
<br />SW1/4) A DISTANCE OF THIRTY (30.00) FEET; THENCE N 00 46' 39" W, A DISTANCE OF
<br />FIVE HUNDRED (500.0) FEET; THENCE N 89 56' 17" W, A DISTANCE OF FOUR HUNDRED
<br />THIRTY-FIVE AND SEVENTY-ONE HUNDREDTHS (435.71) FEET TO A POINT ON THE
<br />WESTERLY LINE OF SAID EAST HALF OF THE SOUTHEAST QUARTER OF THE
<br />SOUTHWEST QUARTER (E1/2 SE1/4 SW1/4); THENCE N 00 48' S7" W, ALONG AND
<br />UPON THE WEST LINE OF SAID EAST HALF OF THE SOUTHEAST O.UARTER OF THE
<br />SOUTHWEST QUARTER (E1/2 SE1/4 SW1/4), A DISTANCE OF SEVEN HUNDRED
<br />NINETY-FIVE AND TWENTY-THREE HUNDREDTHS (795.23) FEET TO THE NORTHWEST
<br />CORNER OF SAID EAST HALF OF THE SOUTHEAST aUARTER OF THE SOUTHWEST
<br />a.UARTER (E1/2 SE1/4 SW1/4), THENCE N 89 10' 49" E ALONG AND UPON THE NORTH
<br />LINE OF SAID EAST HALF OF THE SOUTHEAST QUARTER OF THE SOUTHWEST
<br />QUARTER (E1/2 SE1/4 SW1/4), A DISTANCE OF FIVE HUNDRED TWENTY-SIX AND
<br />SEVEIVTY-SEVEN HUNDREDTHS (526.77) FEET; THENCE S 00 48' 57" E, A DISTANCE OF
<br />EIGHT HUNDRED THREE AND THIRTY-FOUR HUNDREDTHS (803.34) FEET; THENCE N 89
<br />56' 17" W, A DISTANCE OF SIXTY-ONE AND TWELVE HUNDREDTHS (61.12) FEET;
<br />THENCE S 00 46' 39" E, A DISTANCE OF FIVE HUNDRED (500.0) FEET TO THE POINT OF
<br />BEGINNING.
<br />The Real Property or its address is commonly known as 2110 E STOLLEY PARK RD, GRAND
<br />ISLAND, NE 68801. The Real Property tax identification number is 400336170.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, of either Trustor or Borrower to Lender, or any one or more of them, as well as all claims by
<br />Lender against Borrower and Trustor or any one or more of them, whether now existing or hereafter arising, whether
<br />related or unrelated to the purpose ot the Note, whether voluntary or otherwise, whether due or not due, direct or
<br />indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation parry or
<br />otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of
<br />limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise
<br />unenforceable. If the Lender is required to give notice of the right to cancel under Truth in Lending in connection with
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