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<br /> DEED OF TRUST �7 10��,Fi Page 2 , ..,.�
<br /> I 1a16-1996 • �
<br /> I 4oan No 46080 __ � (Gontlnued)
<br /> , Nole,whpther vO�unl4ry or Oih¢rwi50,wholhor duo or not duo,ubsolulo or canlingent,hquidntod or unliquidnted nnd whether Barrower mey be
<br /> Ii3b�0�ndwldu811y Or�ointly wdh athOrS.whethor abl�gated as querpntor a olh8nvi50,end wholher rpCOVery upon Such Indobiedne55 mey be or
<br /> 1 horOA�tor mey boCOme barred by eny stalulo 01 limitalions, and whelh�� suCh IndObtatlness mAy be or heroA��or mny beCOme otherwise , _,
<br /> � unenlorcenble. Spec���cally,wilh0ut Iimdpt�On,ih�5 Dtlad ol TruSi 59CUre5. �n ntld�hon lo iho nmounis spocdied in ih0 No10.0.11 IutUre em0uni5
<br /> Lentler in its tl�screUOm m�y�oan lo Aorrower.Iopoihor wilh nli m18►651 IhOr80n: hpwBVBr,in no event shnll SuCh luluro advenCOS (oxclud��g
<br /> ' �nteresq exceed m Ihe aggregalo 385.000.00. (
<br /> L�11SlEt. Thewortl"LOi�dET�”mor�ns KpBmey SIAto Bank 8 Trust Compeny,its succossors and assigns- I
<br /> Note. The word"►JOIa" me�ns Ihe Mote dated October 15,�996,Ifl th0 prineipal amount of 5137,2a6.38 �rom Bor�owQr io
<br /> Lender,togelhgr wilh ell renewals.exten5i0ns,modihCat�on,,re���enc�ngs,and substituhons�or Ihe Note. _
<br /> Pcrsonal Property. The words"Personal WroperN' mean ail eqwpmeM, hxtures.and other arUCies ol personal pruperty now or hereafler ;
<br /> � owned by TrustOr,and now or hereattor 011flched or efhxed to Ihe Rea1 Property;logether with all acCessions, pArts.and edditions lo, all
<br /> • repiacemenls of,and all substdutions lor, any ol suCh property; and together with all proceeds pnclud�ng wdhout hm�tehon nll insurance
<br /> prOCeeds antl re�unds o!premiums)<<om any sele or Other dispOSdion o�th¢Property.
<br /> Property. Tne wad"Propehy'mee�s Collechvely ihe Real PropMly�nd ihe Personal Property. r :: .. .
<br /> i Real Propedyr• Tne wacfs"Reai Property'mean Ine properry,interestsand nghts de5Cn0etl aGove in ihe'Conveyance and Granf'secUOn. . ,.;,
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<br /> Rl�attd Dotumints. The wo�q5"Retated DoCUments' mean and inclutle wdnoul hrnitaUOn a�� prom�55ory notes, crotld ag�eomenls, loan •�`�,=._�'_,�����,
<br /> agreoments,ez•�von:nonta�a9reoments,guarant�es,secunty agreemenls, mo�igagas,deeds oi uus1,ancl an ou�d�instrumems,egreemems ana •.;�, ...�,�._
<br /> • dOCUmenh3,wi�etner now or hereafter exist�ng,exeCUted in conneCtion�vith the Indebledness.
<br /> � Rlnli. The word"R8n15"means flll present and luture rents, revenu85. �ncome,issues,royalhes,prof�ts,end other benefds derived from the �.'�;_
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<br /> Trustee. The word'Trustee"means Kearney State Bank d.Trust Company and any subsiduto or suCCessor irustees. ;_�ix•_.
<br /> �" Tiustor. The word'Trusto�"means any and ali persons and enUfies executing this Deed ol Trust,fntluding wdhout limitahon e�l Trustors named .T'
<br /> �, •4 . above. Any T�ustor who signs this Deed Of Trusi, but does not sign the Note,�s signing this Deed of Trust only to grant flnd convey ihat .
<br /> Truslor's interest fn the Reel Property entl to grBnt a security Interest in Trustar's interesl in Ihe Rents and Personal Property to Lender and is not ,�'�'.
<br /> ' personally I�eble under the Note except es otherwise Provided by contract or law. ��
<br /> THIS DEEp OF TFiUST, INCLUDINO TFIE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AHD PEHSONAL •.;��
<br /> PROPERTY,13(iIVEN TO SECURE (i)PAYMENT OF THE INDEBTEONESS AND (2)PEFlFORMANCE OF ANY AND AU.OBLI(iATtONS OF
<br /> TRUSTOR IJNDER 7HE NOTE,THE RELATED DOCUMENTS,AND THIS DEED OF TRUST, THIS DEED OF TRUST IS GIVEN AND ACCEP7ED .'�;':,:
<br /> ' > � ON THE FOILOWIN(i TERMS: .:
<br /> �� TRUSTOR'S REPRESENTATIOHS AND WARRANTiES. Trustor werrants Ihat: (a)th�s Deed of Trust is executed at Borrownr's request and not et .
<br /> •' i the request Of Lender; (b)TruStOr hes the fuli pOwer,nght,flnd euthority lo enter into ihis Deed of Tru51 entl to hypOtheCate Ihe Property; (C)Ihe �`��'
<br /> � provisfons ol th�s Deed of Trust do not contlic!wdh,or resull m a delault under any agreemenl or olher instrument binding upon Trustor and do nol ��.;;' —
<br /> � result in e violahOn of eny law,regulahon,Court tleCree Or order apphteble to Truslor; (d)Truslor has esiflb�ished adequate means of obtaimng from .� -
<br /> Borrower on a Contmuing basis information about Borrower's financ�al conditfon; and (e) lender has metle no representation to Trustor 8bout �`�
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<br /> BOrrOwer(incluamg+winoui iimfiaiion iiro i.rau'�iwo�„iiiio"35.. ��
<br /> ' TRUSTOR'S WAIVERS. Trustor waives all righls or detenses arising by reason o(any"one ection'or"anti-deticiency'�aw,or any olher law which �_
<br /> �.: may prevent Lendar irom bringing any eCtion against Trustor,includinp a claim for doficiency lo the extent Lender is otherwise entdled to a clalm for
<br /> deficiency,before or atter Lenders commenCement or comptetion of any faeclosure aclian,efiher judiCia�y or by exerCise of a power of sale.
<br /> � h5Y0eed of TtusP aRFt�bccomoSEdueX�and Borcawer�and Trusto�shfll�stnclydpe orm�elBtheirWrespecti eIIOblgaetionsrunldeat et Note,thfsCDeed of
<br /> � Trust,and the Related Documents. _
<br /> POSSESSION AHD MAINT�NANCE OF TME PROPERTY. Trustor end Borcower agree ihat Trustor's possession nnd use of the Prvperty shall be _
<br /> govemed by the foilowmg provisions: '�
<br /> PossESSfon and Use. Unhl Ihe occurrsnce of an Event of Defeult, 7rustor may (a)remem in possession end control ol lhe Property, (b)use, _
<br /> ^ operate or manape the Property.and (c)collect any Rents(rom the Properly
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<br /> Duty t0 MMntAln. Trustor shell mainlein the Property m tenanleble Condition and promptly pertorm all repaus,replacements.6nd ma n,enance
<br /> nec�essary to preserve ds velue.
<br /> Huardoue Substances. The terms'hazardous waste;"hazardous substence""d�sposal;'"re�ease;'and'Yhreatened releaso."es used in this
<br /> ' � � Deed of 7ruSt,Shall have the sflme meanings as set lo�th in Ihe Comprehensive Emironmental Response,Compensation,and Liability Act of
<br /> t98D,as emended,a2 U.S.C. Section 9fi01,et seq.('CERCLA'), the Superfund Amendmenis and Reauthorization Act of 1986. Pub. L. No.
<br /> gg_4gg("SARA'),the Nazardous Meterials Transportahon Act,49 U.S.C. SeCtion 1801,et seq.,the Resource Conservalion and ReCOVery Act,
<br /> 42 U.S.C.SeClion 6901,et seq.,or other applicable slate w Federal laws,rules,or regulations adopted pursuant to any of the forepo�ny. The
<br /> lerms"hamrdous waste"and"hazardous substenCe"sha�l alsoinclude,wilhout limitatlon,petrdeum and petroleum by-praduCls or any fraction
<br /> theroof arb asbestos. Trustor ropresents and vfarranls to Lender ihet: (a)During ihe period of Trustor's ownership ot the Property,ihere hes
<br /> been no u59, generation,manufacture,storage,heatment,disposal,release or threetened release of any hazardous wnsto or substance by eny �______
<br /> person On,under,about or from the Property; (b)Trustor has no knowledge of,or reason to believe that thsre has been,except as previously
<br /> disclosed la and aCknowiedfled by Lender in wnting, (i)any u5e, gener8tlon, menufacture,storage,treatment,disposal,release,or ihreatened
<br /> reiease ol eny hazardous waste or Substance on,under,About or irom the Property by any pnor owners or occupants ot Ihe Property or (ii)any
<br /> actual or Ihrealened litiga6on or c�aims of any kmd by a�y person relatinp to suCh matters;and (c)Except as previously disclosed to and ��r.
<br /> � acknowledged by Lender in wnbng, p) nedher Trustor nor any tenaM, contractor,agent or other au�horized user of the Proporty shall use, -_—
<br /> ,, generate,manu�acture,store,lreal,d�spose of,or release any hezardous waste or subslance on, under,about or from the Property And (u)any
<br /> '.,� � such actinly shall be conducted m complience w�th aN applicable tederal,state,and Iceal laws. regulahons and ord�nances.including without
<br /> � limitatio��hose laws,regulafions,and ordmances descnbed ebove. Trustor authonzes Lender and ds agents to enter upon tho Prope�ty�o d�'
<br /> make such inspechons and tesis, al Trustor's expense, as Lender may deem eppropnate lo determine compl�ance ol the Property wdh this
<br /> secti0n of Ihe Deed o�TruBt. Any inspecfions or tests made by Lender Sh811 bo for Lender's purpo5es oNy end shall not be Conslrued to create
<br /> t any respons�bdiry or Iiabdit/on lhe part of Lender to TrustOr or to any other person. The represenlations and warrflnlies contained herein nre -�,
<br /> based on Truslor's due diligence in mvestigating ihe Prope�ty�a ha7ardous waste and hazardous substances. Trustor hereby (a)roleases and , ,.,,:,k • .,`_
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<br /> waives any tu�ure clalms ugainst Lender tor mdemnity or conlr�bution in ihe event Trustor becomes hable for cleanup or other cosis under eny . .;,���,���'s,',=_
<br /> ` such laws.and (b)agrees to indemrnfy and hold harmless Lender against any and ali clafms,lossos, habildies, damages, penall�os, and .-
<br /> expenses which Lendor may dirgclty or indireCtiy sustaln a suHer resulting from e breeCh ot this seCtion of the Deed of Trust or es fl . ��`..7:_;..,
<br /> consequence o�any use,generation,manufaclure,storsge,dsposel, release or ihreetened retease occurnng pnOr lo Trustor's ownership or
<br /> Interest in Ihe Prope�ty,whether or not the same was a should have been known to Trustor. The provislons of this SeCt�on ot the Deed of Trust, ,
<br /> inCludfng iha obligaBOn to indemmfy,shflll survive the payment ot Ihe (ndebtedness end the satislgCtion end reCOnvey2nCe of ihe lien of this , �
<br /> Deed of Trust end shell nol be eHected by Lender's BCQuisition of any interest�n the Property,whelher by loreClosuro or othe�wise.
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<br /> Nuisance,Weste. Trustor shail not cause,conduct ar permit eny nmsance nor commd,permd,or suHer any 5tnpp�ng of or waste on or to the :r:,;� , �
<br /> ,_ .„ ,. ,__ Prope�ty or any podion oi the Property. Wdhoul limdmg the generai�ty of ihe foregoing,Trustor will not remove.or grant to any other pa�ty the �� .�
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<br /> nght to remove,any timber,mmerais�mciva�ng on ano gas�.sa�,g�eve�o��v��p�ww�o...�,.3�..�,a�....� �..•......=^�_......__.--- -- ---
<br /> RemoVll of ImprOVemenie. Truslor shull not demo��5h o< <emove eny Improvements�rom Iho Real Property w�thout the pr�o�wr�lte�consent
<br /> of Lende�. As n cond�ti0n to Ihe removal of nny Improveme�l5, lenAer may reqwre Truslor to moke nrrpngements sahsfattory to Lender to
<br /> repinco Such Improvemenls w�th Improvement,of at�east equal value.
<br /> LEnde►'6 Rlyht to EntCt. Lender ond ds IIgenis and repre58ntahv85 mey enter upon the Real Property at till reasonable tunes l0 2�lentl�o
<br /> . Lender'sinterests and to�nspeCt the Property(o;purposes o�TruStor'S cOmpi�tlnce with Ihe term5 nnd cond�hons o�th�5 Deed ot Trust. I
<br /> � Co111p110nCC w�lh(30vCf11f11Et11al RCqU1�RIREItt9. TruStor Shetl prOmptly COmply wdh pll IawS,ordinanCes,end regu18li0�s.now or herea�ter in I
<br /> offect, o�a�� governmenlal aulhont�es epplicable to Iho use or octupanCY of Ihe Property, inc�uding without limitfltion, Ihe AmeriCans Wdh
<br /> O�sabd�t�es AC1. Trustor may Contest in good felth eny such law.u�di�n�Ce.or roqul�hon and withhold compliance du��ng pny procc3edi�p,
<br /> �nclud�ng app�opnale appeals,So �ong ps TruS10r hes not�hed Lender in wnling prtor to tl0ing so and so long es.�n Lende�'s sole op�rnon.
<br /> Lender's�nterests�n the Property nro not�eopard�zod. Lender may rer�are Trustor lo post atlequale secur�ty o� 3 suroly bontl, reaso�ubly .
<br /> 53ti513clo�y to LendUr,t0 p�Otecl LQnder 5 inipr851. '
<br /> DUty t0 PtOtlCt. Tru5lor agrees nedher to abantlon no� �eave un;�llendetl the P�ope�tY r�uslor snan do,��i othc�ac�s.�n atld�t�on io tnose ads �
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