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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 26, 2012, among JOHN A PANOWICZ and SARITA A
<br />PANOWICZ, Husband and Wife as Joint Tenants, whose address is 7801 N CAMERON RD,
<br />CAIRO, NE 68824 ("Trustor"); Exchange Bank, whose address is P.O. Box 760, #14 LaBarre,
<br />Gibbon, NE 68840 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br />and Exchange Bank, whose address is P.O. Box 760, Gibbon, NE 68840 (referred to below as
<br />"Trustee" ).
<br />CONVEYANCE AND GRANT. For valuable conslderation, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the benefit 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 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 P�operty") IoCated 'In HALL
<br />County, State of Nebraska:
<br />THE SOUTHEAST QUARTER (SE1/4) OF SECTION TWENTY ONE (211, TOWNSHIP TWELVE
<br />(12) NORTH, RANGE ELEVEN (11) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA
<br />EXCEPT THAT PORTIONS MORE PARTICULARLY DESCRIBED IN DEED RECORDED IN
<br />BOOK 82, PAGE 605; DEED RECORDED AS DOCUMENT NO. 83-003267; DEED
<br />RECORDED IN BOOK 4, PAGE 237; DEED RECORDED AS DOCUMENT NO. 98-102749;
<br />DEED RECORDED AS DOCUMENT NO. 98-102750; DEED RECORDED AS DOCUMENT NO.
<br />98-102751; DEED RECORDED AS DOCUMENT NO. 98-102752; DEED RECORDED AS
<br />DOCUMENT 98-102753; DEED RECORDED AS DOCUMENT NO. 98-102754; DEED
<br />RECORDED AS DOCUMENT NO. 98-102755 AND DEED RECORDED AS DOCUMENT N0.
<br />98-102756 AND EXCEPT ALL THAT PART OF THE SOUTH HALF OF THE SOUTHEAST
<br />QUARTER IS1/2SE1/4) LYING SOUTH OF US HIGHWAY NO. 2 AND THE RAILROAD RIGHT
<br />OF WAY OF SECTION TWENTY ONE (21), TOWNSHIP TWELVE (12) NORTH, RANGE
<br />ELEVEN (11) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />The Real Property or its address is commonly known as RURAL HALL COUNTY, NE.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, 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. Spacifically, 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 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 (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 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:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
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