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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 April 4, 2012, among Jay L. Hehnke, whose address is 2505 E
<br />Seedling Mile Rd, Grand Island, NE 68801 and Julie Hehnke, whose address is 2505 E
<br />Seedling Mile Rd, Grand Island, NE 68801, as joint tenants with rights of survivorship, and not
<br />as tenants in common. ("Trustor"); Piatte Valley State Bank & Trust Company, whose address
<br />is PVSB Grand Island Branch, 810 Allen Dr, Grand Island, NE 68803 (referred to below
<br />sometimes as "Lender" and sometimes as "Beneficiary"); and Platte Valley State Bank 8� Trust
<br />Company, whose address is 2223 2nd Ave, Kearney, NE 68848 (referred to below as
<br />"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; atl
<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 profrts relatin to the real properly, includin without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the ° Real �roperty IOCBt@d in Hall �Lounty,
<br />State of Nebraska:
<br />°�he North Two Hundred Eleven (211) Feet of the We�t One-Third (Vil1/3j of
<br />Lot One (1)� Windolph's Subdivision of a part of the West Half of the Northeast Quarter
<br />(W1/2NE1/4) and Part of the East Half of the Northwest Quarter (E1/2NW1/4) of Section
<br />Fourteen (14), in Township Eleven (11) North, Range Nine (9) West of the 6th P.M.� Hall
<br />County, Nebraska and that part of Vacated Lueth Drive more particulariy described in
<br />Ordinance
<br />No. 9244 recorded as Document No. 200909314.
<br />The Real Properly or its address is commonly known as 2505 E Seedling Mile Rd, Grand
<br />island, NE 68801. The Real Properly ta�c identification number is 400140624.
<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 comm(trnent Speciflcally, without limitation, this Deed of Trust
<br />secures, in add�ion to the amounts specffied in the Note, all future amounts Lender in its discretion may loan to
<br />Trustor, together with all interest thereon.
<br />Trustor presenUy 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 UnHorm 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 pertortn all of
<br />Trustors obligatlons 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 Us�. Until the occurrence of an Event of Default, Trustor may (7) remain in possession and
<br />control of the Property; (2) use, operate or manage the Properly; and (3) collect the Rents from the Property.
<br />Duty to Malrrtain. Trustor shall maintain the Property in good condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance Wlth 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, manufacture, 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 disctosed to and
<br />acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br />generatlon, manufacture, storage, treatment, disposal, release or threatened release of any 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 Iitlgation or claims of any kind by any person relating to such matters; and (3) Except as previously
<br />61 � �..
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