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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is dated September 74, 2012, among Gail W. Leetch; a Single Person
<br />("Trustor"); Platte Valley State Bank & Trust Company, whose eddress is PVSB Grand Island
<br />[' � Branch, 810 Allen Dr, Grand Island, NE 68803 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"1; and Platte Valley State Bank & Trust Company, whose address is
<br />810 Allen Dr, Grand Island, NE 6$803 (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 benefrt 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; 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, royalties, and profits relating to the real property, including without
<br />�'°` limitation all minerals, oil, gas, geothermel end similer matters, (the ° Real Property located in Hall County
<br />State of Nebraska:
<br />A tract of land comprising a part of the Southeast O.uarter (SE1/4) of Section Twenty Four
<br />(24), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County,
<br />Nebraska, and more particularly described as follows: Beginning et a point on the northerly
<br />right of way line of the Union Pacific Railroad Company, said point being 1882.0 feet
<br />southwesterly from the intersection of the east line of said Section 24 with the northerly
<br />right of way line of the Union Pacific Railroad Company; thence running southw�sterly
<br />along and upon said northerly right of way line a distance of 250.0 feet; thence deflecting
<br />right 90 and running northwesterly a distance of 200.00 feet; thence deflecting right 90
<br />00' and running northeasterly and parallel to said northerly right of way line a distance of
<br />250.0 feet; thence deflecting right 90 00' and running southeasterly a distance of 200.0
<br />feet to the point of beginning
<br />The Real Property or its address is commonly known as 3550 W Old Hwy 30, Grand Island, NE
<br />68803.
<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) PAYMENT 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 GIVEN 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 Usa. Until the occurrence of an Event of Default, Trustor mey (1) remein in possession end
<br />control of the Property; (2) use, operate 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 />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 hes been no use, generation, manufacture, storage, treatment, disposel,
<br />release or threatened release of any Hazardous Substance by any person on, under, ebout 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, storage, treatment, disposal, release or threatened release of any Hazardous Substance
<br />on, under, about or from the Property 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 />disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other
<br />authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous
<br />Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with
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<br />WHEN RECORDED MAIL TO:
<br />Platte Valley State Bank & Trust Company
<br />PVSB Grand Island Branch
<br />810 Allen Dr
<br />Grand Island NE 68803 FOR RECORDER'S USE OPILY
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