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<br />WHEN RECORDED MAIL TO:
<br />Exchange Bank
<br />Gibbon Branch
<br />14 LaBarre Street
<br />PO Box 760
<br />Gibbon, NE 68840
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<br />FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated June 24, 2013, among LBE Family Limited Partnership, A
<br />Nebraska Partnership, whose address is 716 W 2nd St, Grand Island, NE 68801 ( "Trustor ");
<br />Exchange Bank, whose address is Gibbon Branch, 14 LaBarre Street, PO Box 760, Gibbon, NE
<br />68840 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and
<br />Exchange Bank, whose address is POB 760, Gibbon, NE 68840 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the benefit 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, geothermal and similar matters, (the "Real Property ") located i Hall County,
<br />State of Nebraska:
<br />Lot Fifteen (15), in Block Two (2), Normandy Estates, an Addition to the City of Grand
<br />Island, Hall County, Nebraska; and a tract of land consisting of a portion of Lot Fourteen
<br />(14), Block Two (2), Normandy Estates, an Addition to the City of Grand Island, Hall
<br />County, Nebraska, said tract being more particularly described as follows: Beginning at the
<br />Northeast corner of Lot 14, thence Westerly along and upon the Northerly lot line of said
<br />Lot 14, which is also the Southerly boundary line of Coventry Lane, for a distance of Ten
<br />(10) feet; thence Southerly and parallel with the Easterly lot line of Lot 14, a distance of
<br />137.79 feet, more or less, to the Southerly line of said Lot 14, thence Northeasterly along
<br />and upon the Southerly lot line of said Lot 14, a distance of 12.84 feet to the Southeast
<br />corner of said Lot 14; thence Northerly along and upon the Easterly lot line of said Lot 14, a
<br />distance of 129.74 feet to the place of beginning.
<br />The Real Property or its address is commonly known as 1603 Coventry Lane, Grand Island, NE
<br />68801. The Real Property tax identification number is 400066327.
<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, 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 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 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.
<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 commitment. 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 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 Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
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