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<br /> WH�N RE���DED MA1L T�:
<br /> Exchange Bank
<br /> AIien❑rive Bran�h
<br /> 7 2Q4 AIlen Dr
<br /> P� 6ox 5793
<br /> Grand Is�and, �IIE ��5�� ��R RECDRDER'S USE ONLY
<br /> �E�v �F T�usT
<br /> TH[S DEED �F �F�UST is dated July �, ��7 4, arnong Crand �irrer Prvperties LLC. A Nebraska
<br /> Limited Liability �ampany �"Trustor"�: Exchange Bank, whose ac��lress is All�n �r�v� Bran�h,
<br /> 7 2�4 Allen Dr, P� Bvx �793. Grand Island, NE 68��� �re#erred t� �elvw svr�etimes as
<br /> "Lend�r" and svmet�mes as "�3en�ficiary�'�; and Exchange Ba�k , wF�ose address is PD Bo�c
<br /> 57�3, Grand [sland, NE 6��D� �referred tv belo►n� �s "Trustee"�.
<br /> �aNVEYANGE ANi7 GRANT. Fvr�aluab�e consideratinn, Trustor conveys to Trustee in#�ust. WITH P�1NER �F SALE.
<br /> for the bene�it vf Lender as Beneficiary, all of Trustvr's right, tifile� and �n�er�s� in and �o the fo[Eawing described rea[
<br /> prope�ty, together with al� existing or subsequ�ntfy erect�d or affixed buildings, imprv�ernents and fixtures; a[[
<br /> easements, rights of way, and appurtenancesr a[[ water, wate� ��ghts and ditch righ�s �including sto�k in utilities with
<br /> ditch or irriga�ion rights�; and a!1 other righ�s, roya[ties, and pra���s relating to �he real praperty, in�luding wi�hout
<br /> limitation all minera[s, oi[, gas, geat�ermal and simi[ar matters, �th� �'R�a� Propertyr'} Iocated 'an Ha�l Caunty,
<br /> 5tate af Nebraskax
<br /> Lats � and S. Block 5, CvIlege Addition to �est La.vvn, an additian to the City of Grand
<br /> fsland, Ha�� �ounty. 1Nehra�sl�a
<br /> Th� Rea� �roperty ar its address is Gomm�nly �€na►ovn as 24'19 N [�ruse. �rand �sland, NE
<br /> ���D'I. �he Reai Prvperty tax �dentification numh�r is 4U��3347 U.
<br /> CR�SS-C�LLATERALIZATI�N. 1 n additi�n ta the Nvte, �his Deed of Trust secures a!� ohGigatians, debts and �iabilities,
<br /> plus interest thereon, of Trustor to Lender, ❑r any one ar more vf�hem, as we[[ as a[[ cfaims hy Lender against Trustor
<br /> or any vne or more of them, v►rheth�r n�w existing �r hereafter arising, v►rhether refated or unr��ated ta the purp�se ❑�
<br /> -�he No�e, whether �vlun�ary or otherwise, v+rhether due vr no� due, dire�t ❑r indirect, determin�d or und�termined,
<br /> absolute or �ont�ngent, �iquidated or un�iquidated. whefiher Trus�ar may be liab[e individually ar jain�ly �►vith athers,
<br /> �rvhe�her ob[igated as guaran�or; sure�ty, accammodativn party or a�her►rvise, and whether reco�ery upon such amounts
<br /> may be ar hereafirer may becvme barred �y any s�atute v�f limita�ions, and whether the ob[igation to repay such amounts
<br /> may be ar hereafter may becqme o�herwise unen€orceah�e. 1�F the Lender is required�v give natEce o�the righ�to cance�
<br /> under Tru�h in Lending in �onnection with any additiona� loans, exfiensions Qf credit and o�her liabiiities or obligatians o�
<br /> Trustvr to Lender,�h�n�his Deed Qf Trust sha[f nat s�cure addit�onal [oans or ahliga�ivns un[ess and until such notice is
<br /> gi�en.
<br /> FUTURE AOVANCES. [n addi�ian�o�he Note,this Deed o-�T�ust secures all future ad�ances made by Lender-�v Trustor
<br /> whether or nat the ad�ances are made pursuant�v a commitment. 5peeifically, wi�hout limitat�on, #his Deed vfi Trust
<br /> s�cures, in addition �o �he amoun�s spe�ified in the Note, all futur� amoun�s Lender �n its discreti�n may loan to
<br /> T�-us�or,�ogether with a�l interes�thereon.
<br /> Trustor present[y assigns tv Lender �also known as Ben��iciary �n �h�s Deed of Trus�� all of Trustor's right, title, and
<br /> in�e�es� in and �o aEi present and fu�ure leases �f the Prop�rty and a�l Rents from the Property. En addifiivn, Trustor
<br /> grants�o Lender a LJni�orm Commercial Cvde se�ur�ty int�rest in the Personal Property and �ents.
<br /> THiS DEED �F TF�USTr INGLUDt�G THE A�SIGNiViENT�F RENTS A1VD THE SE�URITY [141TERE5T!N THE F�ENTS AND
<br /> PERS�NAL P�OPERTY, 1S GIVEN T� SECUF�E {A} PAYIVIENT �F THE INDEBTE�NESS AND �6� PERF�RMANCE �F
<br /> ANY AND ALL �BLIGAT��NS UNDER THE N�TE, THE RELATED �aCUIVIENTS, AN� THIS DEED �F TRUST. THIS
<br /> QEED❑F TRUST IS GIVEN ANO ACCEPTED❑N THE FQLL�INIIVG TERMS:
<br /> PAY�ENT AND PEI�FDRMANCE. Excep� as otherw�se provided in �his Deed of Trust, Trustor sha[� pay t� L�nder all
<br /> amounts secured by thi.s Deed o�Trust as they hecome due, and sha�l strictiy and in a timely manner pe�r�orm all of
<br /> Trustor's abli�ations under the Nvte,this Deed vf Trus�r and�the F�e[ated D�cuments.
<br /> P�55E55��N AN❑ ItillAdIVTENANCE �F THE PRaPERTY. Trust�r agrees that T�ustor's pvssession and use o� �ths
<br /> Property shai� b�ga�erned hy th��oiiowing pro�isions:
<br /> Possessivn and Use. Unti[ the vccurrence ❑f an E�en� of Defaul�, Trustor may ��} remain in possessEon and
<br /> �ontro[v€the Praper�y; ��� use�operate vr manage the Prvper�y; and �3} co[[eGt the Rents�rvm�he Praperty.
<br /> Duty to Il�a�ntain. Trus�or shal[ rnaEntain the Prope�ty in tenantable �vndi�ion and pramptiy perform all repairs,
<br /> repla�ements, and main-�enance nece5sary to preser�e its�alue.
<br /> Corrap�iar�ce With En�ironr�enta� Laws. Trus��r represents and warrants �o Lender that: 4�� Dur�ng the period a�
<br /> Trus�ar`s vwne�ship o�the Property, th�r� has been nv us�, gene�a�ivn, rrtanu�Facture�stvrage, tr�atment, dispvsaf,
<br /> release ❑r �hreatened release of any Hazardaus 5ubstanee by any persvn on, under, about or fr�m the Property;
<br /> �2} Trus�or has no knowledge of, or reason to be[ie�e that there has been, �xcept as pre�ious[y dis�lased tv and
<br /> acknowledged by Lende� in writingr �a� any brea�h or vio�ati�n o� any En�ironrnen�al Laws, �b} any use,
<br /> generation, manufacture, storage, treatm�nt, disposal, release or threatened re�ease of any Hazardous Substanc�
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