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<br />WHEN RECORDED MAIL TO:
<br />CITIZENS BANK & TRUST COMPANY
<br />`, ST PAUL BRANCH
<br />� p��i' 721 7TH ST
<br />a" PO BOX 385 , 1
<br />ST PAUL. NE 68873 FOR RECORDER'S USE ONLY (�� ►✓
<br />�JIJ
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated May 25, 2012, among Jack W Meinecke and Beverly K.
<br />Meinecke; husband and wife ("Trustor"); CITIZENS BANK & TRUST COMPANY, whose address
<br />is ST PAUL BRANCH, 721 7TH ST , PO BOX 385, ST PAUL, NE 68873 (refer�ed to below
<br />sometimes as "Lender" and sometimes as "Beneficiary"); and CITIZENS BANK & TRUST
<br />COMPANY, whose address is 721 7TH ST - PO BOX 385, ST PAUL, NE 68873 (referred to
<br />below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable considaration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the beneftt 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 irrigetion rightsl; and all other rights, royalties, and profits relating to the real prope including without
<br />limitation all minerals, ofl, gas, geothermal and similar matters, (the "Real Property IOCete in Hall County
<br />State of Nebraska:
<br />Lot Ten (10) in Sass' Second Subdivision in Grand Island, Hall County, Nebreska
<br />CROSS-COLLATERALIZATION. In addition to the Note, thls Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, of elther 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 of 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, accommadatfon party or
<br />otherwise, end 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.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to
<br />Borrower or Trustor whether or not the advances are made pursuant to a commitment. Specifically, without limitetion,
<br />this Deed of Trust secures, in eddition to the amounts specified in the Note, all future amounts Lender (n its discretion
<br />may loan to Borrower or 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 end to all present end 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, INCLUDINO 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 OBLIQATIONS 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at
<br />Borrower's request and not at the request of Lender; (b) Trustor hes the full power, right, and euthority to enter into
<br />this Deed of Trust and to hypothecate the Property; (c) the provisions of this Deed of Trust do not conflict with, or
<br />result in a default under any agreement or other instrument bindfng upon Trustor and do not result in a violat(on of any
<br />law, regulation, court decree or order applicable to Trustor; (d) Trustor has established adequate means of obtaining
<br />from Borrower on e continuing basis information about Borrower's financial condition; and (e) Lender has made no
<br />representation to Trustor about Borrower (including without limitation the creditworthiness of Borrowerl.
<br />TRUSTOR'S WAIVERS. Trustar waives all rights or defenses arising by reason of any °one action" or "anti-deficiency°
<br />law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br />deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement
<br />or completion of any foreclosure action, either judicially or by exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower and Trustor shell pay to
<br />Lender all Indebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly
<br />perform all their respective obl(gations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's
<br />possession and use of the 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 end
<br />control of the Property; (2) use, operate or menege the Property; and (3) collect the Rents from the Property.
<br />,, �
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