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<br />WHEN RECORDED IlIIe41L TOe
<br />CITIZENS BANK & TRUST COMPANY
<br />� ST PAUL BRANCH
<br />s � 721 7TH ST .
<br />� PO BOX 385
<br />ST PAUL. NE 68873 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 3, 2012, among JACK ARMSTRONG ("Trustor");
<br />CITIZENS BANK & TRUST COMPANY, whose address is ST PAUL BRANCH, 721 7TH ST , PO
<br />BOX 385. ST PAUL, NE 68873 (referred to below sometimes as "Lender" and som�times as
<br />"Beneficiary"); and CITIZENS BANK & TRUST COMPANY, whose address is 721 7TH ST - PO
<br />BOX 385, ST PAUL. NE 68873 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee In trust, WITH POWER OF SALE,
<br />for the beneflt of Lender as Baneficiary, 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; ell water, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rights); end all other rights, royalties, and profits relating to the real pro�erty, including without
<br />Umitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ) located in HALL
<br />County, Stat� of Nebraska:
<br />The Westerly Thirty-Three (33) Feet of Lot Two (21, in Fractional Block Fourteen (14), in
<br />Bonnle Brae Adition and its complement, Fractiona) Lot Two (2), in Fractional Block Three
<br />(3), in Arnold & Abbott°s Addition, both being Additions to the City of Grand Island, Hall
<br />County, Nebraska.
<br />The Real Property or its address is commonly known as 1121 W 4TH STREET, GRAND
<br />ISLAND, NE 68801.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and Uab(lities,
<br />plus interest thereon, of Trustor to Lender, or eny one or more of them, as well as all claims by Lender egainst 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 />ebsolute or contingent, Uquidated or unliquidated, whether Trustor may be liable individually or jointly with others,
<br />whether obligated es guarentor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable. If the Lender is required to give notice of the right to cancel
<br />under Truth in Landing in connection with any additional loans, extensions of credit and other liabilities or obligations of
<br />Trustor to Lender, then this Deed of Trust shall not secure additional loans or obligations unless and until such notice is
<br />given.
<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 commftment. Specifically, without limitation, this Deed of Trust
<br />secures, in addition 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 (n 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) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLI(3ATIONS UNDER THE NOTE, THE RELATED DOCUMENTS. AND THIS DE@D OF TRUST. THIS
<br />DEED OF TRUST IS dIVEN 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 />emounts secured by this Daed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br />Trustor's obl(getions under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANGE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br />Property shall be governed by the following provisions:
<br />Possession end Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operete or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs,
<br />replecements, and maintenance necessery to preserve its velue:
<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 hes been no use, generetion, 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 hes no knowledge of, or reason to believe that there has been, except as previously disclosed to and
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