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<br /> VIrHEN REC�RDE� IV�AIL T�:
<br /> Exchange Bank
<br /> GI -A�1en Drive Bran�h
<br /> '!2�4 A[len Dr
<br /> Pa Box 5793
<br /> Grand lsland, NE �88�2 F�R RECaRDER'S U5E�NLY
<br /> DEED �F TRUST
<br /> THtS DEED �F TRUST is dated IIJ�ay ��, �D'15, among Grand River Properties LLC: A Nebraska
<br /> Limited Liability �ompany �'rTrustv�"}; Exchange Bank. ►►uhase address �s G� M All�n Drive
<br /> Branch, 'i��4 Allen Dr. Pa Bvx 5793. Grand Islartd, NE f 88�� tref�rred ta �elow sometimes
<br /> as "Lender`r and svmetime$ as "'Beneficia�y"}; ar�d Exchange Bank. ►nrhase address is P�B 76�,
<br /> Gib�an. NE 68�4� �referred to b���w as "Trustee"�.
<br /> CQNVEYANGE ANQ GF�ANT. For va�uab���ansid�rativn, Trustor conrreys tv Trustee in trus�. 1NITH PUVIIER �F SALE.
<br /> fvr the bene#�� of Lender as Benefiiciary, a!� of Trus�or's righ�, title, and interes� in and #o th� ��llowing d�scribed real
<br /> prop��ty, t�gether with all existing or subsequenfily erect�d �r a��ixed �uildings, impro�ements and fixtur�s; al1
<br /> easemen�s, rights o� way, and appurt�nances; all water, uvater rights and ditch rights �including stock in utilities with
<br /> dit�h ❑r irrigatian rights}; and af! ather rights, rvyaities, and prvfits relating to the real proper�y, including without
<br /> limitation a�[ minerals, ail, gas, geo�hermal and similar matters, �the '*Real Property"� focated in HALL
<br /> County, 5tate of Nebraska:
<br /> The North Haff {N'I 1�� af Lnt Ten �'I��. Bfock Six ���, Gilbert's Second Additivn to the �ity
<br /> of �rand �sland, Hall �vunty. Nebraska
<br /> The Real Prflperty or its address is �ommonfy known as 'I 4'I� N EDDY 5T, GRAND fSLAND,
<br /> N E �88�3'I.
<br /> CRt]SS-C�LLATERALl�AT1UN. In additi�n to the Nate, this Deed Qf Trust se�ures all �bligations, debts and liabilities,
<br /> pfus interest ther�on, af Trus�or t❑ Lender, or any ane or m�re af them, as well as al! �laims by Lender against Trustor
<br /> ar any one ar mare af them, whether naw existing or h�reafter ar�s�ng, wh�th�r �elated or unrelated t� the purpose af
<br /> the Note, whether �o�untary or otherwise, whether due vr not due, direct or indir�c�k, determined or undetermined,
<br /> absoCute or conting�n�, liquidated ar unliquidated, whether Trus�or may be liable indi�idually flr jvintly with vthers,
<br /> rrvhether �hligated as guarantor, surety, accommoda�ivn party or atherwis�, and wheth�r re�a�ery upan such amaunts
<br /> may�e❑r h�rea�t�r may be�ome barred by any statute of lirnitat�ans, and whethe�the vbli�a�ivn to repay su�h amvunts
<br /> may be or hereafter may becom��therwise unen�orcea�fe.
<br /> FUTURE ADVAN�ES. in addition to the Note, this Deed of Trust se�ures all future advances made by Lender tv Trustor
<br /> whether or n�t the ad�ances are made pursuan� to a commitment. 5pe�ifically, withou� limitation, this De�d ❑�Trust
<br /> secures, in additian to �he amounts specified in the Nvte, a�l �uture amounts Lender in its discr�tian may Ioan to
<br /> Trustor, toge�her wi�h aff interest thereon.
<br /> Trustor presen�tly assigns to Lender {a�s❑ known as Beneficiary in this Deed of Trusty all af Trustor's righ�, title, and
<br /> interest in and to all present and future leases af th� Proper�y and all Rents #rom the Property, ln addition, Trustor
<br /> gran�s ta Lender a Uniform C�mmercial C�de secur�ty int�r�st in the P�rsana� Prop�rty and Rents.
<br /> THIS DEE❑ �F TRUST, INCLU�3ING THE ASSIGNMENT �F RENTS AND THE SEGURiTY INTEREST IN THE RENTS AND
<br /> PERSONAL PR�PERTY, lS G[VEN T❑ SECURE �A� PAYNiENT �F THE �NDEBTEDNESS AND {By PERFflRMANCE �F
<br /> ANY AND ALL ❑BLIGATI�NS UNDER THE N�TE, THE RELATED D�CUIVIENTS, AND THIS DEE❑ DF TRUST. THIS
<br /> DEED OF TRUST IS GIVEN AND ACCEPTED�N THE F�LLa1JIrING TERMS:
<br /> PAYMENT AND PERFDRMANCE. Except as otherwise pra�ided in this D�ed of Trust, Trustor shai! pay to Lend�r a�l
<br /> amounts secured hy this �eed of Trust as they becvme due, and shall stri�tly and in a timely manner perform all af
<br /> Trustor's obligations under�he Note, this Deed ❑f Trus�, and the Related Documen�s.
<br /> P�SSESSlaN AND MAINTENANCE DF THE PR�PERTY, Trustor agr�es that T�ustvr's possession and use af the
<br /> Property shaif be g��erned by the following pravisivns:
<br /> Possession and Use. Unti! �he occurrence of an E�ent af De#ault, Trustor may �1� remain in possession and
<br /> cantr�l of the Proper�y; �2� use, vpe�ate or manage the Prvperty; and �3y �olle�t the Ren�s frvm�he Property.
<br /> Du#y tn Illlaintain. Trustor shall main�ain the Proper�y in tenantabl� condi�i�n and promptly perfarm a[l repairs,
<br /> repla�ements, and maint�nance necessary to preser�e its�a[ue.
<br /> Cvmplianc�: With Enrriranmental Laws. Trustor �epr�s�nts and uvarrants to Lende� that: t 1} During the period ❑�
<br /> Trustor's ownership a�the Pr�perty, there has been n� use, generatian, manufiacture, storage, treatment, dispasal,
<br /> r�lease or �hreatened release o� any Hazardous 5ubstance by any person on, und�r, a�out or from �he Property;
<br /> ��} Trustor has na knowledg� ❑�, o� reason to belie�e tha�there has been, except as pre�i�usly disGlosed to and
<br /> acknowledged by Lender in writing, �a� any brea�h ar �iolatian of any En�irvnmental Laws, {b� any use,
<br /> generation, manufa�ture, storage, �reatment, dispasal, release or threatened refeas� o� any Hazardaus 5ubstance
<br /> on, under, a�aut or firom the Proper�y by any prior awn�rs ar vccupants af the Property. �r �cy any ac�ual �r
<br /> threatened fitigation ❑r claims of any kind hy any person refating tQ such matters; and t3y Except as pre�iausly
<br /> disclosed�o and acknawiedged by L�nder in writing, �af n�ither Trust�r nar any tenant, contractar, agent vr other
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