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WHEN RECORDED MAIL TO: <br />Cornerstone Bank <br />P.O. Box 69 <br />529 Lincoln Avenue <br />York, NE 68467 -0069 <br />r` .1 <br />• 0 w <br />w 0 --f <br />t T f --1 r n <br />c- r -< 0 <br />m N -., <br />cs <br />= <br />a `R V \ p <br />v, r_► Vii► <br />o w.. y r <br />FOR RECORDER'S USE ONLY <br />DEED OF TRUST <br />THIS DEED OF TRUST is dated November 26, 2013, among Rick J. Schultz and Jodi R. <br />Schultz; Husband and Wife ( "Trustor "); CORNERSTONE BANK, whose address is Shelton <br />Facility, 119 C Street, P.O. Box 639, Shelton, NE 68876 -0639 (referred to below sometimes <br />as "Lender" and sometimes as "Beneficiary "); and CORNERSTONE BANK, whose address is <br />529 LINCOLN AVENUE, YORK, NE 68467 (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 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 in Hall County, <br />State of Nebraska: <br />The North Half of the Northwest Quarter (N1/2 NW1 /4) of Section Twenty One (21), <br />Township Twelve (12) North, Range Eleven (11) West of the 6th P.M., Hall County, <br />Nebraska, excepting a tract of land more particularly described in Warranty Deed recorded <br />as Document No. 97- 101151 and except a tract of land more particularly described as <br />follows: A tract of land consisting of part of the Northwest Quarter (NW 'A) of Section 21, <br />Township 12 North, Range 11 West of the 6th P.M., Hall County, Nebraska and more <br />particularly described as follows: Commencing at the Northwest Corner of said NW1 /4, <br />said point also being the point of beginning; then on an assumed bearing of N 90° 00' 00" <br />E along the North Line of said NW1 /4 a distance of 1142.15; thence S 00° 00' 00" E a <br />distance of 143.04 feet; thence S 22° 14' 48" E a distance of 267.00 feet; thence N 90° <br />00' 00" W a distance of 1245.31 feet to a point on the West line of said NW 1 /4 thence N <br />00° 18' 19" E along said West line a distance of 390.17 feet to the point of beginning <br />The Real Property or its address is commonly known as N1/2 of NW 1/4 21 -12 -11 Hall <br />County, NE. <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 <br />N <br />CD <br />I—% <br />CA) <br />t7 <br />co <br />I-' <br />