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<br /> VIIHEN F�EC�RDED N[A1L T�:
<br /> Exchange Bank
<br /> GI-Allen C�ri�e BranGh
<br /> '�2�4 Allen Dr
<br /> P❑gax 5793
<br /> Grand Island.NE 688Q� FOR REC�RDER'S USE�NLY
<br /> DEED DF TRUST
<br /> TH�S DEED []F TRUST is dat�d July 29, 2�'�5, among EDVIIARD L GAPPA and KELLY A
<br /> GAPPA, Hu�band and IN�fe �"T�ustvr"�: Exchange Bank, whose address is GI - a4llen Drive
<br /> Bran�h, '[24� Allen Dr, P� Box 5793, ��rand ls�and, NE �88C]� �referred�ta belvw somet�mes
<br /> as "Lender" and svme�imes as "Benef�ciary"�: and Exchange Bank, whose address is P� B�x
<br /> 397. Ilearney, NE �8848 �ref�rred to hetow as "Trust�e"y.
<br /> C�NVEYANCE}4ND GRANT, Far �aluable cansiderationr Trustor�onveys ta Trustee in�rust.WITH P[]WER nF SALE.
<br /> for the benefit a� Lender as Seneficiary, all ❑f Trus#ar's right, title, and interest �n and to th� fal�owing describ�d real
<br /> property, together with all existing ar subsequ�nt[y erecfied Qr affixed buildings, imprvvements and fExtur�s; a�l
<br /> easements, righ�s af way, and appurCenances, al! water, water rights and di�ch ri�hts �inc�uding stvck in utilities v+►ith
<br /> dit�h ar Er�fgation rights}; and all o#her rights, rvyalties, and profits relating tv the real pr�pe�ty, including withvut
<br /> limitatian a�l minera�s, oi[, gas, geothermal and similar matters, �the "Real P�'ope�'ty"� Iocated it7 HALL
<br /> �vunty, State 4f Nebraska:
<br /> L�T ELEVEN �1'I�. BL�CK F�UR �4�. IN 8���5 AND H�LL'S AaD1T1�N T� THE CITY �]F
<br /> �R►4ND IS�.AND, HALL C�VNTY, NEBRASKA.
<br /> The Real Prap�rty vr its address is �ammonly knvwn aS 2��� W '1'i TH AVE. �RAND 15LAND,
<br /> N E �8��3. The Real Praperty tax identificatian number is 4QaU�U3�0.
<br /> REV�LVING LIIVE �F CREDIT. This ❑eed af Trust sscures the Indehtedness inctuding, without limitation, a revvlrring
<br /> lin�of credit,whi�h�bligates Lender ta make ad�ances to Trustor sv lang as Trus�or complies with all the terrns of the
<br /> Credit A9reement. Su�h advancss rnay be mad�, repaid, and remade frvm time ta time, subj�Gt to#h� limitatian#hat
<br /> the #otai ou�s�anding balance awing at any �ne #ime, nat inctuding �inance charges on such hatance at a fi�xed ar
<br /> r►ariab�e rate or sum as prv�ided in the Credit Agreement, any temporary ❑►rerages, a#h�r charges, and any amvunts
<br /> expended ar adrranced as pravided in either the lndebt�dness paragraph or this paragraph, shall nat exGegd the Credit
<br /> Limit as prorrided in the Gredi�t Agre�ment. It is the intgntivn of Trustor and Lender that this [7eed of Trust secures the
<br /> balan�e vutstartding under the Cr�dit Agreemen#frvm#irne tv time fram zero up ta the �redit Limi�as pror►ided in the
<br /> Credit Agreemen#and any intermediate balance.
<br /> Trustor presentiy assigns to Lender {also known as Beneficiary in this Deed a# Trusty al� of Trustar's right, title, and
<br /> in�erest in and to all present and future leases af the Prop�rty and al! Rents from the Property. ln addition, Trustar
<br /> gran#s to Lender a tJniform Commercial Code security interest in the Personal Prvp�rt�and Rents.
<br /> THIS�EED�F TRUST, lNCLUDING THE ASSIGNMENT OF RENTS AND THE SECURlTY INTEREST IN THE RENTS AND
<br /> PERSONAL PI��PERTY, l5 GIVEN Ta SE�URE tA} PAYMENT �F THE INDEBTEDNE55 AND RB� PERFflRMANCE�F
<br /> EAGH �F TRUST�R'S AGREEMENTS AND �BLiGAT�QNS UNDER THE CREDIT AGREENfENT, THE RELATE�
<br /> D�CUNIENTS, �,ND THIS DEED �F TRUST. TH�S ❑EED C3F TRUST IS GIVEN AW� AC�EPTED �N THE F�LLC]V'ViN�
<br /> TERMS:
<br /> PAYMENT ANi� PERF�RMANCE. Except as otherwise pra�ided in �this Deed of Trust, Trustar sha�! pay to Lender all
<br /> am�unts secured by this Deed of Trust as they become due, and shall strictly and in a timei� manner perfvrm afl �f
<br /> Trustvr's obligativns under the Credit Agreernent, this Deed af TruS�, and the Related Documents.
<br /> PC3SSESSION AND MAINTENANCE DF THE PRaPERTY. Trustor agrees that Trustor"s pvssessian and use vf the
<br /> Praperty sha�I be gav�rned by#he fa[L�wing proWisions:
<br /> PQ55�551011 and Use. lJntil the occurrenc� of an E�ent of [�efauft, Trus�tor may ��f remain in pvssession and
<br /> �vnt�'ol vfi the Property; {�} l.15�� �perate❑�-manage�he Praperty; and �3) co�l�ct the R�nts from the Proper�ty.
<br /> Duty to Maintain. Trustor sha11 main�ain the Property in g�vd �ondition and pr�mpt�y perform all repairs,
<br /> replacements, and maint�nance necessary t❑preser�e�ts vaiue.
<br /> Compliance With En�iranmentai Law�. Trustor represents and warrants�o ��nd�r that: �1} During the period of
<br /> Trustar's ownership�f the Praperty,there has heen no use, genera�ivn, manufacture, storage,�treatment, disposai�
<br /> release �r rthr�atened release of any Hazardous 5ubstance by any persvn vn, under, abvut vr frvm the Praperty;
<br /> �Zf Trust�r has no knowledge ❑f, vr reasan tv belie�e that there has been, except as pre�iflusly disclosed tn and
<br /> acknowiedged t�y Lender in writing, �af any hreach 4r �ialativn af any En�ironmental Laws, �b� any use,
<br /> generat�on, manufactur�, storage, tr�atment, dispasal, r�lease �r threat�ned release of any Ha�ardous Su�stance
<br /> on, unde�, ahout o� #ram the Praperty by any prior owners or ac�upants of the Prop�rty, or ��� any actual ❑r
<br /> threatened litigatian vr claims of any kind by any person refating to such matters; and {3} Ex�ept as pre�iously
<br /> disclvsed ta and ackn�wledge� by Lender in writing, �af neithe�T�ust�r nor any t�nant, �Qn�rac�or, agent or ather
<br /> authoriz�d user❑f the Property shall us�, g�n�rate, manufacture, store, �rea�, dispose o#❑r rel�as� any Hazardaus
<br /> Substanc�on, under, abou�ar frorn fihe Pr�p�rty; and (h� any such acti�ity shall �e conducted in cvmpfian��rrvith
<br /> all applicabl� federal, state, and local laws, regulatians and vrdinances, including without limitati�n al�
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