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<br />WHEN �tECOR0E0 MA1L TO:
<br />Exchange Bank
<br />Allen Drtve Branch
<br />1204 Allen Dr.
<br />PO Box 5793
<br />Grand Is�nd, NE 68802 FQR I�EGORDER'$ U$� ONI.Y
<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is dated July 18, 2072, among ENCINaER ENTERPRISES, L.L.C., A
<br />Nebraska Limited Liability Company (°TrUStor"); Exchange. Bank, whose address is Allen Drive
<br />Branch, 'f 2d4 Allen Dr, PO Box 6793, Grand Ial�nd, NE 68802 ireferred to below sometimes
<br />as "Lender" and sometimes as "Beneficiary"}; and Exchange Bank , whose address is PO Box
<br />5793, Grarid Istand, NE 68$42 (referred to be(ow as °Trustee°F.
<br />CONVEYANCE AND QRA11iT. For valueble ao�ideratton, 7►uator conveys to 7r�tee tn tr�t, WITH POWER OF SALE,
<br />for the banefit of Lender as Benaficiary, ail ot Truator's ►ight, ti�e, and Intereat in and to the following deacrfbed real
<br />property, together wlth all existing or subsequently erected or affixed bulldings, improvements and fixtu�ea; all
<br />easements, rights of way, and appurtenances; all weter, water rights and dltch rights pnoludEng stock in utUtties with
<br />ditch or irrigation rights►; and all other rfghis, royalties, and proflts� relatin to the real property, including without
<br />Ilmltatlon a!I minerals, oll, ges, geoihermal and slrrfilar metters, (the R�81 � operty 1 locetea In Hal! Couniy
<br />State of Nebraska:
<br />Lot Twenty-Qne 121}, Villa Mar Dee Subdivision, a subrlivision in H$II County, Nebraska
<br />The Real Property or its address is commoniy known as 106 Villa Mar Dee, Grand Island, NE
<br />68807 .
<br />CiiOSS-COLlATERALIZATION. In add(tion to the Note, this Deed of Trust aecures ell obligations, debts end Ilabilitles,
<br />plus interest thereon, of Trustor to Lender, or any one or more of them, as well as alf claims by Lender against T(uator
<br />or any one or more of them, wt►ether now extsting or hereafter arlsing, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otheruvise, whether due or not due, d[rect or Indlrect, detem�ined or undetermined,
<br />absolute or coMingent, liquidated or unpquidated, whather 7rueto� may be fleble lndividually or jofnt�y with others,
<br />whether obligated as guarantor, surety, accommodation party or othenulae, arni whether recovery upon such emounts
<br />may be or hereatter mey become barred by eny statute of Ilmttations, and whether the obligation to repay auch emounte
<br />may be or hereefter may become otharwise unenfotceable. .
<br />FU'fUliE ADVANCES. (n addttlon to the Note, this Deed of Trust secures all future advanoes made by Lender to Truator
<br />whethe� or not the edvances are rr�ade pursuant to a commitmerrc. Specffically, withoui Itmftatlon, this.Deed of Trust
<br />secures, In addition to the emounta specffled in the Note, aU future amounts Lender in ita disoretlon may loan to
<br />Trustor, together with ir�terest thereon.
<br />7rustor preaently assigna to tender (aEso known as Beneflciary tn this Deed of Trust} ai1 of Trustor's right, titfe, and
<br />intereat 3n gnd ta all present and future leasea of the Prop�rty and alf Rents from the Property. In addltlon, Trustor
<br />grants to .Lender e Unfform Commerclal Code security interest In the Personal Property artd Rents.
<br />7H[3 DEED OF TRUST, INCR.UDU1[G THE ASSIQNMENT OP RENTS A111D THE SECURITY INTEREST d11 THE RHNTS AIdD
<br />PEfiSONAL PHOhF3iT1f, IS GNEN 70 SECURE iAi PAYMERIT OF THE INDEBTEDNESS AND (B} pERFORMAIdCE OF
<br />ANY AND ALL OBLIQATIONS UNDER THE N07E, THE RELATED DOCURAENTS, AIVD THiS D�D OF TRUST. THIS
<br />DEED OF TRUST IS GIdE11t AND ACCEPTED ON THE FOLLOWiWGt TERAAIIS:
<br />PAYMENT AND PERFQRMANGE. Except es otherwlse provided in this Deed of Trust, Trustor shaU pay to Lender all
<br />amounts secured by this Daed of Trust as they become dus, and ehall suiotiy end in a timely m�nner pefform all of
<br />Trustor's obligations under the Note, this Deed af Trust� an@ the Retated Documents. '
<br />i�OSSESSION AIYD MAINTEiVANCE OF THE PROPERTY. Truator agreea that 7rustor'� poasesalon and use of the
<br />Property ehall be govemed by the fopowing provisEons:
<br />Possesalon and Use. Until the ooau��enoe of an Event of Dafault,.T�uator may i11 remaln in poaseasion end
<br />control of the Properry; 12) �se, operate or manage the Property+; and (3) colleci the Rents from the PropertY.
<br />Derty to Meintain. Truscor shall meintain the Property fn tenentable conditlon and promptly perform aA repalrs,
<br />. replaoements, and melntertanoe neaes�ary to preserve ite value:
<br />Complianoe With Environmer�tal Laws. Trueto� represents end warrar�is to Lender that: (11 During the period ot
<br />Truator's. ownership of the Property, there has been no uae, generatlon, manufeoture, storage, treatmant. dtsposal,
<br />release or threatened release of any Hazardous Substanoe by any person on, unde�, about o� from the Property;
<br />(2) 7nastor has no knowrledge of, or reason to believe that there has been, exaept as previously diaclosed io and
<br />acknowledged by Lender En writing, ia) any breach .or vtolatton af any Environmental Lews, (b! any use,
<br />generation, manufecture, siorege, treatment, disposal, release ot threatened retease of any Hazerdoua Substance
<br />on, under, about or irom the Properry by any prior ownera or occupants af the Property, or (c1 any actual o�
<br />threataned litigatlon or clalms of any kind by any peraon relating.. to suoh metters; artd (3} Exoept as prevEausly
<br />disalosed to and acknowledged by Lender in wrtting, {a) neither Trustor nor any tenant, oontraotor, agent or other
<br />authorized user of the Property shall use, geresrate, manufacture, store, treat, dlspoae of or releasfl. any Hazardous
<br />Substeince on, under, about or fram the Property; and lb1 any such activity shall be conducted in complianoe with
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