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<br />WHEN RECORDED MAIL TO:
<br />Exchange Bank
<br />South Locust Branch ��
<br />939 S Locust St yo
<br />Grand Island, NE 68801 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 2, 2012, among GORDON H PEDERSEN and PAMELA
<br />M PEDERSEN , Husband and Wife, as joint tenants and not es tenants in common ("Trustor"1;
<br />Exchange Bank, whose address is South Locust Br�nch, 939 S Locust St, Grand Island, NE
<br />68801 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br />Exchange Bank , whose address is PO Box 5793, Grand Island, NE 68802 (referred to below
<br />as "Trustee").
<br />CONVEYANCE AND GRANT. For velueble consideretion, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the beneflt of Lender as Beneficiary, 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; ell
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rightsl; 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 Property") located in HALL
<br />County, State of Nebreska:
<br />The Northerly Sixty-Six and One Tenth Feet (N 66.1') of Lot Four (4) in Block One Hundred
<br />Twenty-three 123) in Union Pacific Railway Company's Second Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 721 N CEDAR ST, GRAND ISLAND ,
<br />NE 68801. The Real Property tau identification number is 400096501.
<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, es 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 emounts
<br />may be or hereafter mey become barred by eny stetute of limitations, and whether the obligation to repay such amounts
<br />may be or hereatter 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 e commitment. Specifically, without limitation, this Deed of Trust
<br />secures, in eddition 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) PAYMEIIIT 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 GIVEIV 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 Defeult, Trustor may (7 ) remain in posseasion and
<br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Mair�tain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With 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 Substence 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 disclosed to and
<br />acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br />generation, manufacture, storege, treatment, disposal, release or threatened release of any Hezardous Substance
<br />on, under, ebout or from the Properry by any prior owners or occupants of the Property, or (c► any actual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously
<br />
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