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<br />WHEN RECORDED MAIL TO:
<br />Cornerstone Bank
<br />Central City Facility
<br />1631 16th Street
<br />Cenual Citv, NE 68826-1815 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated March 14, 2012, among Grant A Carlson, whose address is �j�,�U
<br />1040 S Sycamore St, Grand Island, NE 68801-7960 ("Trustor"); Cornerstone Bank, whose
<br />address is Central City Facility, 1631 16th Street, Central City, NE 68826-1815 (referred to
<br />below sometimes as "Lender" and sometimes as "Beneficiary"); and (referred to below as
<br />"Trustee" 1.
<br />CONVEYANCE AND GRANT. For valuable consideretion, 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 effixed buildings, improvements and fixtures; ell
<br />easements, rights of way, and appurtenances; all water, water rights end ditch rights (including stock in utilities with
<br />ditch or irrigation rightsl; end ell other rights, royalties, end profits relating to the real prope , mcluding without
<br />limitation ell minerals, oil, gas, geothermal and similar matters, (the "Real Property IOCBte in Hall County
<br />State of Nebraska:
<br />The South 1/2 of the East 1/2 of Lot 10, of Vantine's Subdivision, located on part of the
<br />Northwest 1/4 of Section 22, Township 11 North, Range 10 West of the 6th P.M., in the
<br />city of Grand Island, Hall County, Nebraska
<br />The Real Property or its address is commonly known as 1040 S Sycamore , Grand Island, NE
<br />68801-7960. The Real Properly ta�c identification number is 400103001.
<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 AIVD 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 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 iimely 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:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remein in possession end
<br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly pertorm all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance 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, manufecture, storage, 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 />acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br />generation, manufacture, storage, treatment, disposal, release or threatened releasa of eny Hazardous Substance
<br />on, under, about or from the Property 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 eny tenant, contractor, agent or other
<br />authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hezardous
<br />Substance on, under, about or from the Property; and (b) any such activity shell be conducted in compliance with
<br />all applicable federal, state, and local laws, regulations and ordinances, including without limitation all
<br />Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such
<br />inspections and tests, at Trustor's 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 shell 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
<br />to any other person. The representations and warranties contained herein are based on Trustor's due diligence in
<br />investigating the Property for Hazerdous Substances. Trustor hereby (1) releases and waives any future claims
<br />egainst Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under
<br />eny such laws; and (2) agrees to indemnify, defend, and hold harmless Lender ageinst any and ell claims, losses,
<br />liabilities, damages, penalties, and expenses which Lender may directly or lndirectly sustain or suffer resulting from
<br />a breach of this section of the Deed of Trust or as e consequence of any use, generetion, manufacture, storage,
<br />
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