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<br /> WHEN RECORDED MAlL TO:
<br /> First National Bank of Omaha
<br /> Grand Island Branch
<br /> 870 Allen �r
<br /> Grand Island, NE 68803 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shail not exceed at any one t9me $44,000_U0.
<br /> THIS DEED OF TRUST is dated July 1, 2014, among Steadfast Builders, Inc; a Nebraska
<br /> Limited Liability Company {"Trustor"); First National Bank of Omaha, whose address is Grand
<br /> Island Branch, 810 Allen Dr, Grand Island, NE 68803 {referred to l�elow sometimes as
<br /> ""Lender" and sometimes as "Beneficiary"�; and (referred to be�ow as "7rustee"}.
<br /> CONVEYANCE AND GRANT. For �aluable consideration, Trustor con�eys to Trustee in trust, W{TH POWER OF SALE,
<br /> for the benefit of Lender as Beneficiary, all ofi Trustor's right, title, and interest in and to the #pllowing described real
<br /> property, together with alE existing or subsequently erected or affixed buildings, impravements and fixtures; a{I
<br /> easements, rights of way, and appurtenances; all water, water rights and ditch rights iincluding stock i� utilities with
<br /> ditch or irrigation rights}; and all other rights, royalties, and profits relating to the real property, including without
<br /> Gmitation afl minerals, oil, gas, geothermal and similar maYters, (the "Real Property'�) IoCated In Hall Courlty,
<br /> State of Nebraska:
<br /> Tract A: Lots Two f2] and Three (3}, in Block Forty Fi�e (451, in the Original Town, now #he
<br /> City of Grand Island, Hall County, Nebraska. Tract B: La# Four {4}, in Block Forty �i�e
<br /> {45), in the Original Town, now the City of Grand Island, Hall County, Nebraska
<br /> The Real Property ar its address is commonly known as 317 East 4�th St, Grand Esland, NE
<br /> 68809,
<br /> Trustor presently assigns ta l.ender (also known as Beneficiary in this Deed of Trust) akl of Trustor's right, ti#le, and
<br /> interes# in and to all present and future leases ❑f the Property and ali Rents frorre the Property. In addition, Trustor
<br /> grants to Lender a Uni#orm Commercial Cqde security interest in the Personal Property and Rents.
<br /> THIS DEED OE TRUST, INCLUdING THE AS5IGN�VI£NT OF RENTS AN�TH�SECUFi17Y IN7�R�S7 IN THE RENTS AND
<br /> pERSOiVAL pROPERTY, 1S GIVEN TO SECURE {A} PAYNEENT OF THE INDESTEDNE55 AN� (B� PERFdRMAtVCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER TME k�OTE, THE RELATEd DOCUMENTS, ANU 7HIS ��ED pF TRUST. TFiIS
<br /> D�Eb O�7RUS7 15 GIV�N AND AGCEPTED ON TH�FOI.LOWINC�TERMS:
<br /> TRLISTOR'S REPRESE�lTATIONS AND WARRANTIES. Trustor warrants #hat: [a) this �eed o# Trust is executed at
<br /> Borrower`s request and not at the request of Lender;, Ib} Trustar has the full power, right, and aut�ority to enter into
<br /> this Deed of Trust and to hypotheoate the Property; (cI the provisions pf this Deed of Trust do not conflict with, or
<br /> result in a default under any agreement or other ins#rument binding �pon Trustor and do not result in a violation of any
<br /> Isw, regula#ion, court decree or order applicable to Trustor; {d} Trustor has established adequate means o# obtaining
<br /> from Borrower on a continuing basis information about Borrawer's finaneial condition; and [e} Lender has made no
<br /> representation to Trustor about Borrower (including withou# 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 rreay prevent Lender fram bringing any action against Trustor, incEuding a claim for
<br /> deficiency to the extent Lender is otherwise entitled to a claim far defici�ncy, before or after Lender's cammencement
<br /> or completion of any foreclosure action, either judicialEy or by exercise of a power af sale.
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this �eed of Trust, Sorrower shall pay tp Lender all
<br /> Indebtedness secured by this Deed af Trust as it becomes due, and Borrower a�d Trustor shall perform all their
<br /> respective obligations under the Note, this Deed of Trust, and the Related Documents.
<br /> POSSE5S[ON AND MAII�TENANCE OF THE PROPER�Y. $orrawer and Trustor agree tha# Borrower's and Trustor's
<br /> possession and use of the Property shall be governed by the following provisions:
<br /> Possassion and Use. Until the occurrence of an Event of Default, Trustor rrsay li) remain in possess3on and
<br /> control of the Property; {2} use, operaYe or manage the Property; and (3) collect the Rents fram the Proparty.
<br /> ❑uty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs,
<br /> replacements, and maintenance necessary to preserve its value.
<br /> Compliance With En�ironmental Laws. Trustor represenCs and warrants #o Lender that: i1) During the period of
<br /> Trustor's ownership of the Prvperty, there has 6een na use, generation, manufacture, storage, treatment, dispasal,
<br /> release or threatened refease of any Hazardaus Su�stance 6y any person an, under, about or from Yhe Property;
<br /> [Zl TrusCor has no knowledge of, ar reason to belie�e that there has been, except as previously disclosed to and
<br /> acknowledged l�y Lender in writing, fa} any breach or violation of any Environmental Laws, {bf any use,
<br /> generation, manufacture, storage, treatment, disposai, rel�ase ar threatened release ofi any Hazardpus Substance
<br /> on, under, about or from the Property by any priar owners or occupants af the Property, or {c) any actual or
<br /> threatened litigation or claims af any kind by any person relating to such matters; and {3] Except as previausly
<br /> disc[osed to end acknowiedged by �ender in writing, {a) neither Trustor nor any tenan#, contractor, agent or other
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