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<br />WHEN RECORDED MAII TO:
<br />CITI2ENS BANK & TRUST COMPAiVY
<br />_ 1� ST PAUL BRANCH
<br />� i�Y 721 7TH ST
<br />PO BOX 3S5
<br />ST PAUL, NE 68873 FOR RECORDER'S USE ONLY
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 3, 2012, emong JACK ARMSTRONG ("Trustor");
<br />CITIZENS BANK & TRUSI' 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 sometimes as y� °—
<br />"Beneficiary"); and CITIZENS BANK & TRUST COMPANY, whose address is 721 7TH ST - PO
<br />BOX 385, ST PAUL, NE 68873 (referred to b�low as "Trustee").
<br />CONVEYANCE AND (3RANT. For valuable consideration, Trustor conveys to Trustee in 4rust, WITH POWER OF SALE,
<br />for the beneflt 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 irrigation rights); and all other rights, royaltles, and profits relating to the real pro�erty, including without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ) located in HALL
<br />County, State of Nebraska:
<br />Lot Two (2), Block Fifteen ( 7 5), Rollins Addition, City of Grand Island, Hall County,
<br />Nebraska.
<br />The Real Property or its address is commonly known as 907 W 5TH STREET, GRAND ISLAND,
<br />NE 68801.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts end liebilities,
<br />plus interest thereon, of Trustor to Lender, or any one or more of them, as 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 unliquideted, whether Trustor may be liable individually or Jointly with others,
<br />whether obligated as guarantor, surety, accommodation perty or otherwise, and whether recovery upon such emounts
<br />may be or hereafter may become barred by any stetute of Iimitations, end whether the obligation to repay such amounts
<br />mey be or hereafter may become otherwise unenforceable. If the Lender is required to give notice of the r(ght to cencel
<br />under Truth fn Lending 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 edvances are made pursuent to a commitment. Specifically, without limitation, this Deed of Trust
<br />secures, in addition to the amounts speclfied 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 es Beneficiary in thfs 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) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS IIMDER THE NOTE. THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS QIVEN AND ACCEPTED OIV THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pey 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 obl(gations 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 end Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operate or menage the Property; end (3) collect the Rents from the Properry.
<br />Duty to Mairrtatn. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Complianca With Environmental Laws. Trustor represents end 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, dlsposal,
<br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property;
<br />(2) Trustor has no knowledge of, or reason to believe thet there has been, except as previously disclosed to and
<br />ecknowledged by Lender in writing, (a) any breach or vlolation of any Environmental Laws, (b) any use,
<br />generation, manufacture, storege, treatment, disposel, releese or threatened release of any Hazardous Substance
<br />
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