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<br /> Recor ing Rec�s� ted by$ �
<br /> When Recorded Return 1b: NEBRASKA 66200108444980001
<br /> US Recordings, Inc. DEED OF TRUST oo4s5//v�xoi
<br /> 222 E Little G�anada Rd Ste 125
<br /> St. Paul, Mn 55117 ���'� /�,� �
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<br /> TERRY E CRAN9TON TERRY 8. CRAN6TON, A 8IN(iL8 PBR80DI
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<br /> aRAND iBLAND, Ns 688013874
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<br /> 508-60-0487
<br /> TRUSTEE: II.B. Bl1N1C Nl►TIdNI�L 11B80CIl�TION \
<br /> P]►ROO, ND 58103 ���
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<br /> n cons ration o t e oan or ot er cr n axo t on ereina er spea an any ure a ances or ure igations,as ine erem,w i
<br /> may hereinafter be advanced or incurred and the trust hereinafter mernioned and other good and valuable consideration,the receipt and sufficiency of which
<br /> are hereby ac�Cnowledged, Grantor hereby irrevocably warrants, bargains, sells, transfers, grants, conveys and assigns to Truslee, his successors and
<br /> assigns,IN TRUST WITH POWER OF SALE for the benefit and security of �,e. BANR NATIdIIAL AB90CIATIOLi ND
<br /> ("Lender"), the
<br /> benefidary un r t is D o rust,under an su ject to t e terms and condit ons herein set forth,with right of entry and possession all of Grantor's preseni
<br /> and future estate,�ight,title and interest in and to the real property described in Schedule A which is attached to this Deed of Trust and incorporated herein
<br /> by this reference,together with all preserrt and future improvemerrts and flxtures;all tangible personal property including without limitation ali machinery,
<br /> equipmerrt, building materials, and goods of every nature (exduding consumer goods) now or hereafter located on or used in connection with the real
<br /> property,whether or not afflxed to the land; privileges, hered'Aamerrts, and appurtenances induding all developmern rights associated with the Property,
<br /> whether previously or subsequerrtly transferred to the Property from other real property or now or hereafter susceptible of transfer from this Property to other
<br /> real property;leases,licenses and other agreements;rents,issues and profits;water,well,ditch,reservoir and mineral rights and stocks pertaining to the real
<br /> property(currwlatively"Property");to have and to hold the Property and ths rigMs hereby granted for the use and benefit of Lender, his successors and
<br /> assigns,until payment in full of all Obligations secured hereby.
<br /> Moreover,in further consideration,Grantor does,for Grantor and Grantor's heirs,representatives and assigns,hereby expressly warrant,covenant,and
<br /> agree with Lender and Trustee and their successors and assigns as follows:
<br /> 1. OBIJGATIONS. This Deed of Trust shall secure the paymerrt and performance of all present and future indebtedness, liabilities, obligations and
<br /> oovenants of Borrower or Grantor(cumulatively"Obligations")to Lender pursuant to:
<br /> (a)this Deed of Trust and the following promissory notes and other agreemeMs:
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<br /> 32,292.33 01/06/00 01/20/15 66200108444980001
<br /> (b)all other prese or ure,w en agreements w n r a re er spea y to t is e o rust w e er execu or e same or different
<br /> purposes than the foregoing);
<br /> (c) any guaranty of obligations of other parties given to Lender now or hereafter executed that refers to this Deed of Trust;
<br /> (d) future advances,whether obligatory or optional,to ihe same extern as if made contemporaneously with the execution of this Deed of Trust,made or
<br /> extended on behalf of Grarrtor or Borrower. Grantor agrees that if one of the Obligations is a line of credit,the lien of this Deed of Trust shall continue
<br /> until payrt�rrt in full of all debt due under the line notwithstanding the fact that from time to time(but before termination of the line)no balance may be
<br /> outstanding. At no time during the term of this Deed of Trust or any extension thereof shall the unpaid and outstanding secured principal future
<br /> advances,not including sums advanced by Lender to protect the security of this Deed of Trust,exceed the following amount: $ 32�92_33
<br /> This provision shall not constitute an obligation upon or commitment of Lender to make additional advances or loans to Grantor;and
<br /> (e)all amendments,exlensions,renewals,modifications,replacements or substitutions to any of the foregoing.
<br /> As used in this Paragraph 1,the terms Grarrtor and Borrower shall indude and also mean any Grantor or Borrower if more than one.
<br /> 2 REPRESENTATIONS,WARRANTIES AND COVENANTS. Grarnor represems,warrants and covenants to Lender that:
<br /> (a) Grantor has fee simple mazketable title to the Property and shali maintain the Property free of all liens,securiry interests,encumbrances and claims
<br /> except for this Deed of Trust and those described in Schedule B,which is attached to this Deed of Trust and incorporated herein by reference,which
<br /> Grantor agrees to pay and perform in a timely manner;
<br /> (b) Grar�tor is in compliance in all respects with all applicable federal,state and local laws and regulations,including,without limitation,those relating to
<br /> "Hazardous Materials,"as defined herein, and other ernironmental matters(the "Environmerrtal Laws"),and neither the federal government nor any
<br /> other govemmerrtal or quasi govemmental entfty has filed a lien on the Property,nor are there any govemmental,judicial or adrmnistrative actions with
<br /> respect to environmernal matters pending,or to the best of the Grantor's Imowledge,threatened,which involve the Property. Neither Grantor nor,to the
<br /> best of Grantor's knowledge, any other party has used, generated, released,discharged, stored,or disposed of any Hazardous Materials as defined
<br /> herein,in oonnection with the Property or transported any Hazardous Materials to or from the Property. Grantor shall not cornmit or permit such actions
<br /> to be taken in the future. The term "Hazardous Materials" shall mean any substance, material, or waste which is or becomes regulated by any
<br /> govemmerrtal authority including,but not limited to,(i)petroleum;(ii)fiable or nonfriable asbestos;(iii)polychlorinated biphenyls;(iv)those substances,
<br /> materials or wastes designated as a"hazardous substance"pursuant to Section 311 of the Clean Water Act or listed pursuant to Section 307 of the
<br /> Clean Water Act or any amendments or replacements to these statutes; (v)those substances, materials or wastes defined as a"hazardous waste"
<br />. pursuaM to Section 1004 of the Resource Conservation and Recovery Act or any amendments or replacements to that statute; and (vi) those
<br /> substances, materials or wastes deNned as a "hazardous substance" pursuaM to Section 101 of the Comprehensive Environmental Response,
<br /> Compensation and Liability Act, or any amendments or replacemerns to that statute or any other similar state or federal statute, rule, regulation or
<br /> ordinance nbw or hereafter in effect. Grantor shall not lease or pemrt the sublease of ihe Property to a tenant or subtenant whose operations may
<br /> resuft in corrtamination of the Property with Hazardous Materials or toxic substances;
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