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<br /> 1NHEN REC�RDED �IAAIL T�:
<br /> Loan�perations
<br /> 3331Nest Broadway
<br /> Cauncil Biuffs IA 515D3 FDR REC�RDER'S USE�NLY
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<br /> *4�QD���40a2n3893�OD34Q�2282D14*
<br /> DEED �F TRUST
<br /> THIS DEED �F TRUST is dated February 28, 2�"14, among Jose M Pa�ma Ambriz AKA Jvse M
<br /> Palma and Patricia Perez DePalma, Husband and 1Nife, whose address �s 4'17 Nor�h Custer
<br /> A►►enue, �rand Isiand, NE �88�3 �"Trustor"�; Ameri�an Nationa� Bank, whose address is
<br /> Saddl� �reek Branch, ��� South Saddle Creek R�ad, �maha, NE �8'1�� �referred ta �elow
<br /> some�im�s as "Lender" and sometimes as "Ben�ficiary"}; and American National Bank, whose
<br /> address is 8990 W Dodge Road, �maha, NE S81�14 4referred t� befow as "Trustee='�.
<br /> C�NVEYANCE AND GRANT. For�aluable cvnsideration,Trustvr con�eys fo Trustee in�rust,WITH P�WER aF SALE,
<br /> for the benefit of Lender as Bene�iciary, all of Trustor's right, #itle, and interest in and to the following described �eal
<br /> property, �vgether wi#h all existfng or subsequently e�-ected vr affixed buildings, impro�ements and fixtures; all
<br /> easements, rights a�way, and appurtenances; all water, water rights and ditch �ights �including stock in utilities wi�h
<br /> dit�h or irrigat�on rights}; and afl other rights, roya�ti�s, and profifs relatin to the real prapert , includin without
<br /> lim��ation a!! minera�s, oi�, gas, g�vthermal and similar ma�ters, tthe "R�al �rop�rty"� Iocatec�in Ha�l �Dunty,
<br /> State of Nebraska:
<br /> Lot Two Hundred �ne t��'I} and �he Northerly �ne Half �N'l12} of Lot Tw� Hundred ����},
<br /> Blemont Addition t�th� �ity of�rand Isiand, Hall County, Nebraska.
<br /> The Real Property �r its address is comm�nly kn�wn as 4'17 North Custer A�enue, �rand
<br /> tsland, N E �88�3.
<br /> FUTURE ADVANCES. In addi�ion #o the Na�e, this �3eed ofi Trust secures all �u�ure ad�ances made by Lender tv
<br /> Borrower whether or not#he ad�ances are made pursuan�to a cvmmitment. 5pec�fcafly,without limitation, this Deed
<br /> vf T�-ust secures, in addition fn�he amounts specified in#he Note, all future amoun�s Lender in its disc�etion may loan
<br /> to Bor�ower,together with all interest thereon.
<br /> Trustor presently assigns to Lender {also known as Benefic�ary in this De�d of Trust} ail of Trus�vr's right, t�t�e, and
<br /> interest in and to all present and future leases of the Property and a�l Ren#s from the Praperty. �n addition, Trust�r
<br /> grants ta Lender a Unifvrm Commercial Code security interest in the Persanal Property and Rents.
<br /> TH15 DEED aF TRUST, INCLUDlNG THE AS5IGNMENT�F RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PR�PERTY, fS GlVEN T�SECURE tA} PAYMENT qF THE INDEBTEDNESS AND {B} PERFaRMANCE�F
<br /> ANY ANO ALL �BLIGATI�NS UNDER THE NaTE, THE RELATE� DQCUMENTS, AND THIS DEED �F TRUST, THIS
<br /> DEED�F TRU5T IS GIVEN ANC]ACCEPTED�N THE FflLL4WiN�TERMS:
<br /> TRUST�R'S REPRESENTATI�NS AND WARRANTlES. Trustor warran�s that: �a} fhis Deed of Trust is executed at
<br /> Barrower's requesf and no#at the reques�ot Lender; {b}Trustor has the full power, righf, and authoriiy to enter into
<br /> �his Deed of Trust and �o hypvthecate #he P�operty; {c}#he prn�isions of#his ❑eed vf Trust do not conflict with, or
<br /> resul�in a default under any agreemenf or other insfrument binding upon Trustor and do nat result in a�iofafivn of any
<br /> law, regula#ion, caurt decree or order applicabl�to Trustor; �d}Trustor has estab�ished adequate means of vbtaining
<br /> fram Borrower vn a cvntinuing basis informafion about B�rrower's financial conditivn; and (e} Lender has made no
<br /> repr�sentation tv Trustar abaut Borrvwer�inctuding without limi�ation the c�reditwvrthiness fl'�Borrower}.
<br /> TRUST�R'S WAlVERS. Tn�s�or wai�es all Mghts ar de�enses arising by ceason of any"one actian"ar"anti-deficiency"
<br /> law, or any o�her law whi�h may pre�enf Lender from bringing any ac#ion against Trustar, inc�uding a cfaim for
<br /> defic�ency to�he�xtent Lender is atherwise enti�led to a claim for deficiency, before or after Lender's commencement
<br /> or compietivn of any foreclosure act�on,ei�her judiciafly or by exer�ise of a power af sale.
<br /> PAYMENT AND PERF�RMANCE. Excep�as otherwise provided in this Deed of Trus#, Borrawer shall pay ta Lender a!�
<br /> Indebtedness secured by th�$ ❑eed of Trus� as it becomes due, and Barrawer and Trustor shall perform all #heir
<br /> respec#i��obligations under the Note,this Deed af Trust,and the R�lated❑acuments.
<br /> PQSSESSIDN AND MAINTENANCE �F THE PR�PERTY. Barrower and Trustor agree that Borrower's and Trustor's
<br /> pvssession and use of the Property shal!be go�em�d by the following provis�ons:
<br /> Possessivn and Use. Un#EI #he oc�urrence of an E�ent of Default, Trustor may {1} remain in possession and
<br /> control vf the Property; {2� use,operate or manage the Property;and �3} collect the Rents from#he Property.
<br /> Duty to Maintain. Trustor shal� maintain the Property in good conditivn and promptly perform a11 repa�rs,
<br /> replacements,and main�enance ne�essary to preserve its�alue.
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