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<br />WHEN RECORDED MAIL TO:
<br />Platte Valley State Bank & Trust Company
<br />2223 2nd Ave
<br />Kearney. NE 68848
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<br />FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $35,412.00.
<br />THIS DEED OF TRUST is dated January 16, 2014, among Gene R. Hoffman and Kristin L.
<br />Verba, as joint tenants with right of survivorship, and not as tenants in common. ( "Trustor ");
<br />Platte Valley State Bank & Trust Company, whose address is PVSB Grand Island Branch, 810
<br />Allen Dr, Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and Platte Valley State Bank & Trust Company, whose address is 2223 2nd
<br />Ave, Kearney, NE 68848 (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 P roperty ") located i Hall County,
<br />State of Nebraska:
<br />A tract of land in the Southeast Quarter of the Southeast Quarter (SE1 /4SE1 /4)of Section
<br />Twenty Eight (28), Township Ten (10) North, Range Nine (9) West of the 6th P.M., Hall
<br />County, Nebraska, more particularly described as follows: Beginning at the Southwest
<br />corner of said Southeast Quarter of the Southeast Quarter (SE1 /4SE1/4); thence Easterly
<br />along and upon the South line of said Section Twenty Eight (28) a distance of 549.65 feet;
<br />thence Northerly and parallel to the West line of the Southeast Quarter of the Southeast
<br />Quarter (SE1 /4SE1/4) a distance of 350 feet; thence Westerly and parallel to the South line
<br />of said Southeast Quarter of the Southeast Quarter (SE1 /4SE1/4) a distance of 549.65 feet,
<br />to a point on the West line of said Southeast Quarter of the Southeast Quarter
<br />(SE1 /4SE1/4); thence Southerly and upon the West line of said Southeast Quarter of the
<br />Southeast Quarter (SE1 /4SE1/4) a distance of 350 feet to the point of beginning.
<br />The Real Property or its address is commonly known as 190 W. Lowry Rd., Doniphan, NE
<br />68832. The Real Property tax identification number is 400238640.
<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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at
<br />Borrower's request and not at the request of Lender; (b) Trustor has the full power, right, and authority to enter into
<br />this Deed of Trust and to hypothecate the Property; (c) the provisions of this Deed of Trust do not conflict with, or
<br />result in a default under any agreement or other instrument binding upon Trustor and do not result in a violation of any
<br />law, regulation, court decree or order applicable to Trustor; (d) Trustor has established adequate means of obtaining
<br />from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no
<br />representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency"
<br />law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br />deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement
<br />or completion of any foreclosure action, either judicially or by exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all
<br />Indebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their
<br />respective obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's
<br />possession and use of the 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 />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
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