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<br /> 1�1rHEN REC�RDED MAIL T�:
<br /> First National Bank of Qmaha
<br /> Grand Island Branch
<br /> 81 Q Allen Dr
<br /> Grand Island, NE 68803 F�R RECQR�ER'S U5E QNLY
<br /> DEED �F TRUST
<br /> THIS DEED �F TRUST is dated September 24, 2Dy 4, among Michael T. Leaman, wh�se
<br /> address is 12432 S Nebraska H►rvy y y, l�lr��� Ri�er, NE �8883 and Ralisa E. Leaman, wh�se
<br /> address is 12432 S Nebraska H►nry y y, 1���� Ri�er, NE 68883; as Husband and Wife
<br /> �"Trust�r"}; First National Bank �f �maha, wh�se address is Grand Island Branch, 81D Allen Dr,
<br /> Grand Island, NE �88D3 �referred t� bel�w sometimes as "Lender" and sometimes as
<br /> "Beneficiary"}; and First National Bank �f �maha, wh�se address is 2223 2nd A�e, Kearney,
<br /> NE �8848 �referred t� bel�w as "Trustee"}.
<br /> CQNVEYANCE AND GRANT. For �aluable consideration, Trustor conWeys to Trustee in trust, WITH PQWER�F SALE,
<br /> for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following des�ribed real
<br /> praperty, to�ether with all existin� or su�sequently ere�ted or affixed buildin�s, impro�ements and fixtures; all
<br /> easements, rights of way, and appurtenan�es; all water, water rights and ditch rights (including stock in utilities with
<br /> ditch or irri�atian rights}; and all other rights, rayalties, and profits relatin to the real prapert ,,includin without
<br /> limitatian all minerals, oil, gas, geothermal and similar matters, the "Real �ro ert " locate� in Hall ��ur1t ,
<br /> � p Y � Y
<br /> State �f Nebraska:
<br /> Lot Fifteen �15}, �Illestw��d Park Fourth Subdi�ision, in the City �f Grand Island, Hall
<br /> C�u nty, Nebraska
<br /> The Real Property �r its address is commonly kn�wn as 4134 VI! Faidley A►►enue, Grand Island,
<br /> NE 688D3.
<br /> FUTURE ADVANCES. In addition to the Note, this Deed of Trust se�ures all future ad�an�es made by Lender to Trustar
<br /> whether or not the ad�an�es are made pursuant to a cammitment. Specifically, without limitation, this Deed of Trust
<br /> se�ures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may I�an to
<br /> Trustar,to�ether with all interest thereon.
<br /> Trustar presently assigns to Lender �als� known as Benefi�iary 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, Trustar
<br /> �rants to Lender a Uniform Commer�ial C�de security interest in the Pers�nal Property and Rents.
<br /> THIS DEED�F TRUST, INCLII DING TH E ASSIGNMENT�F RENTS AN D TH E SECl1RITY INTEREST IN TH E RENTS AN D
<br /> PERS�NAL PR�PERTY, IS GIVEN T� SECURE �A} PAYMENT�F THE IN�EBTE�NESS AND �B} PERFQRIIIIANCE �F
<br /> ANY AN D ALL QBLIGATIQNS UN�ER TH E N4TE, TH E RE LATED D��UMENTS, AN D THIS DEED �F TRUST. THIS
<br /> DEED�F TRUST IS GIVEN AND ACCEPTE�4N THE F�LL�WING TERIVIS:
<br /> PAYMENT AND PERF�RMANCE. Ex�ept as ❑therwise provided in this Deed of Trust, Trustar shall pay to Lender all
<br /> amounts se�ured by this Deed of Trust as they be�ome due, and shall strictly and in a timely manner perform all of
<br /> Trustor's o�li�ations under the Note, this Deed of Trust, and the Related ❑ocuments.
<br /> P�SSESSI�N AN D MAINTENANCE �F TH E PR�PERTY. Trustar agrees that Trustor's p�ssessi�n and use of the
<br /> Property shall be go�erned by the followi ng pro�isions:
<br /> P�55e551�17 and Use. Until the occurrence of an E�ent of Default, Trustar may (1} remain in p�ssessi�n and
<br /> cantral of the Property; (2} use, operate or manage the Property; and (3} callect the Rents from the Property.
<br /> Duty to Il�laintain. Trustar shall maintain the Property in tenanta�le canditian and pramptly perform all repairs,
<br /> replacements, and maintenan�e ne�essary to preser�e its�alue.
<br /> Campliance INith En�ironmental Laws. Trustar represents and warrants to Lender that: (1} During the period of
<br /> Trustor's ownership of the Property, there has been no use, generation, manufacture, stora�e, treatment, disposal,
<br /> release or threatened release of any Hazard�us Substan�e by any person an, under, about or from the Property;
<br /> (2} Trustar has no knowled�e of, or reas�n to belie�e that there has been, except as pre�iously dis�losed to and
<br /> acknov+►led�ed by Lender in writing, �a7 any brea�h or �iolation of any En�ironmental Laws, �b} any use,
<br /> generation, manufacture, stora�e, treatment, disposal, release or threatened release of any Hazard�us Substan�e
<br /> an, under, about or from the Property by any prior ❑wners or occupants of the Property, or (�} any actual or
<br /> threatened litigatian or claims of any kind by any persvn relatin� to such matters; and (3} Ex�ept as pre�iously
<br /> dis�losed to and acknowled�ed by Lender in writing, �a7 neither Trustar nor any tenant, contractor, agent or other
<br /> authorized user of the Property shall use, generate, manufacture, stare, treat, disp�se of or release any Hazard�us
<br /> Substan�e an, under, about or from the Property; and �b} any such acti�ity shall be conducted in �omplian�e with
<br /> all appli�able federal, state, and Iocal laws, regulations and ordinan�es, includin� without limitatian all
<br /> En�ironmental Laws. Trustar authorizes Lender and its agents to enter upon the Property to make such
<br /> inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine �omplian�e of the
<br /> Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's
<br /> purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Trustar or
<br />
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