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<br /> DEED �F TRUST
<br /> � L�an Nv: 'i D'I�824�1 {C�rltinued� Page � .
<br /> NUMBER ELEVEN ���}, A DISTANCE �F �NE HUNDRED FIFTY-TVII� AND THREE
<br /> HUNDREDTHS �'152.�3}, T� THE P�INT �F BEGINNING.
<br /> The Reai Property vr its address is commanly knov►rn as �515 N VIIEBB RD, GR�4ND ISLAND.
<br /> NE �88�'1. .
<br /> CR�SS�C�LLATERALIZATI�N. [n addition �o the Nvte, this Deed of Trust secures a�l obligati�ns, debts and Iiabilities,
<br /> � plus infi�res�thereon, of Trusfior ta Lender, or any ❑ne or mare o�them, as weli as all claims by Lender against Trustar
<br /> or any ❑ne or more ❑f them, whether now existing or hereafter arising, whether related ❑r unrela�ed to the purpose of
<br /> the Nate, whether �olunfiary or oth�rwise, whefiher due or nat due, direct or indirect, determined or unde�ermined,
<br /> absoiute or contingent, [iquEda�ed or unliquida�ed, whether Trus�ar may be iiabie EndE��duaE�y ar jointly with others,
<br /> wh�ther ❑bliga�ed as guaran�vr, surety, accnmmodatian par�y ❑r ❑therwise, and whether recaWery upon such amounts
<br /> may be❑r hereafker may become barred by any s�ka�ute�t[imitations, and whefiher�he flbligatian to repay such amaunts
<br /> � may be or herea�ter may becflme otherwise unen�vrceable.
<br /> FUTEJRE ADVANCES. ln addEtion to the No��,�his De�d ❑f Trust secures all fufiure ad�ances made by Lender to Trustor
<br /> whether ❑r nat�he ad�ances are made pursuan�to a c�mmi-tment. 5pecifi�ally, without limifiafiion, this Deed of Trust
<br /> secures, in additivn ta th� am�unts speci�ied �n �he No�e, all future amounts Lender in its discre�ivn may Ioan t❑
<br /> Trustvr�tageth�r with a[I interest thereon. �
<br /> Trustor presen�ly assigns fia Lend�r {also knvwn as Beneficiary in this Deed of Trust} aif �� Trustor's right, tit[e, and
<br /> interest in and to al! presen��and fu�ure ieases �� �h� Praper�ty and a[[ Ren�s frvm the Proper�y. in addi�ian, Trus�or
<br /> � grants to Lender a �nifarm Commercia� Cflde security in�erest in�he Personal Property and Rents.
<br /> THIS DEED OF TRUST, INGLUaING THE ASSIGNMENT �F RENTS AND THE SECURiTY [NTEREST EN THE RENTS AND
<br /> PERS�NAL PR�PERTY, IS GIVEN T� SECURE �A� PAYMENT �F THE INDEBTE�NESS AND tB} PERF�RMANCE �F
<br /> ANY AND ALL �6Ll�ATIDNS [JNDER THE N�TE. THE RELATED ��3CUMENTS. AND THIS DEE� �F TRUST. TH15
<br /> DEED�F TRUST 15 GIVEN AND ACCEPTED�]N THE F�LLOININ�TERMS:
<br /> PAYMENT AN❑ PERF�RMANCE. Except as ❑�herwis� pro�ided in this Deed �fi Trust, Trustor sha�l pay �a L�nder all
<br /> amounts secured by �his Deed of Trus� as �h�y become due, and shail strictly and in a �imely manner perfvrm aII �f
<br /> Trustor's❑bligations under the Note, this D�ed of Trus�k, and the Related ❑ocumen�s.
<br /> P�SSES5IDN AND MAINTENANCE �F THE PR�PERTY. Trustar agr�es that Trustor's possessivn and use af fh�
<br /> Property sha�� be gfl�erned by the fviiawing pra�isions:
<br /> Possession and Use. Until the occurrence ofi an E�en� af De#ault, Trustar may {1} remain in possessian and
<br /> �vntral ❑-�the Property; {2� use, ope�-afi� ❑r manage�he Pr�perty; and �3} callec�the Rents from fihe Praperty.
<br /> �� Duty t� Nlain#ain. Trustor shalE maintain the Praperty in tenantable condi�ion and pramptly per��rm all repa�rs,
<br /> replacements, and main�enance necessary�❑ preserWe i�s�a�ue.
<br /> Campliance Vlli�h En�rironmentai Laws. Trus�or represents and warran�s �❑ Lender that: ��� During the period af
<br /> Trustor's ownership o��the Property, th�re has been no use, generativn, manufacture, s�arage,treatment, disposal,
<br /> � release or �hreatened re�eas� o� any Hazardous Substance by any persan on, under, a�aut or from the Property;
<br /> �2} Trustvr has no knaw�edge �f, or reason ta belieWe that there has been, except as pre�iausiy disclased �a and
<br /> acknowledged by Lender in writing, �ay any br�a�h ar �iolativn ot any En�ironmental Laws, {by any use,
<br /> g�neration, manufiac�ur�, s�arage, trea�m�nt, disposal, release or threat�ned release vt any Hazardous Substance
<br />, on, under, abau� or from the Proper�y hy any prior awners ❑r occupants of the Property. ❑r {c� any actuai �r
<br /> �hreatened litigation ar claims of any k�nd �y any person reEating to suGh matters; and {3} Exc�pt as pre�iously
<br /> disclosed to and acknowledged by Lender in writing, �a) neither Trus�or nar any tenant, contractvr, agenfi or❑ther
<br /> autharized us�r❑�the Proper�y shall us�, generate, manu#acture, stvre, trea�, dispose ot or release any Hazardous
<br /> Substance on, unde�, abou�❑r�rom the Proper�y; and �bf any such ac�i�i#y shall be condu��ed in cflmpliance wifih
<br /> all applicable federa[, s�a�e, and I�cal laws, regu[ativns and �rdinan�es, inciuding without limi�ation a[I
<br /> En�ironmental Laws. Trustor au�horizes Lender and its ag�nts t❑ en�er upan the Prvperty to make such
<br /> inspections and tests, a� Trus�or's �xpense, as Lend�r may deem apprapriate �a defiermine compiiance of �he
<br /> Prope�ty w�th this sectFon ofi the aeed o� Trust. Any inspectivns ❑r �es�s made by Lender shal! be for Lender's
<br /> purpases �nly and shali na�be c�nstrued tv create any respansibilify�ar 1iai�iii�y vn�he part fl� Lender ta Trustor or
<br /> to any other person. The represen�afi+ons and warranties cvntained herein are based on Trus�ar's due diligence in
<br /> in�es�igating �he Property for Hazardvus 5ubs�ances. Trust�r he�-eby {�} releases and waiWes any fu�ure ciaims
<br /> against Lender �ar indemnity or cvntribu�ian in the e�ent Trust�r becames iiab�e for c�eanup vr vth�r cos�s under
<br /> any such iaws; and {2y agr�es to ind�mni�Fy, def�nd, and ho�d harmfess Lender againsfi any and af[ c[aims, losses,
<br /> liabiiities, damages, penalties, and expenses which Lender may directly or indirectly sus�a�n or su#fer resulting tram
<br /> a breach of this seCtion ❑f the Deed o�r Trus� or as a cons�quence ot any use, genera�ian, manufiacture, st�rage,
<br /> disposai, release or threatened reiease ❑ccurring prior fio Trus�ar's awnership❑r in�eres��n the Property, whether or
<br /> nat the same was or should ha�e been known to Trustor. The prv�isions of this section of the ❑eed ❑f Trust,
<br /> inc[uding the obligation to indemnEfy and defend, shall sur�iWe th� paymen�❑�fihe Indeb�edness and the satisfac�ivn
<br /> and recon�eyan�e vf the lien o�thEs Deed of Trust and shall nvt be af#ected by Lender's a�quisition ❑f any �nterest
<br /> in the Praper'ty, vvhether by fvrecEasur�flr otherwise. .
<br /> � Nuisance, 1Nast�. Trus�or shal� nafi cause, canduct ar permit any nuisan�e nar commit, permit, ❑r su��er any
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