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<br /> 1NHEN FiE�DRDED MAIL TC7:
<br /> Ex�hange Bank
<br /> G!-Alien Dri►►e Bran�h
<br /> 'I���Allen Dr
<br /> P�Bflx 5793
<br /> Grand island.NE 688fl� FOR RECDRDER'S USE ONLY
<br /> DEED C�F TRUST
<br /> TH�S DEE� �F TRUST is dated August �7, ���5, amang Jerrard R. Ross and Courtney Rass;
<br /> husband and wife �"Trustor"'}: Exchange E3ank, whvse address is GI - Aflen Dr�v� Branch. "��U4
<br /> Allen Dr, P� Box 5793, Granc� island, NE 6$S�� {referred to below s�metimes as "Lend�r" and
<br /> sometimss �s "Beneficiaryr'�: and Exchange Bank, whvse address is P� gax 397, I�earrtey, NE
<br /> 5��4$ �referred to ��law as "Trustee"y.
<br /> CONVEYANCE AND GRANT, Far�aluable�onsidera#ion,Trustar con�eys#o T�ustee in#rust, WITH P�WER QF SALE,
<br /> far the henefit a# Lende� as Beneficiary, a�l af Trustor's right, �itle, and interest in and tv the following descrihed real
<br /> property, tagether with all existing or subsequently ere�ted ar affix�d huifdings, impro�ements and fixtures; all
<br /> easements, r�ghts of way, and appurtenances; a!1 water, water rights and ditch ri�hts �including stack in ufiili�ies with
<br /> ditch ar irrigat�an rightsy; and all other rights, rayalties, and profits r�la�ing to �he real property, including withvut
<br /> limitat+on all minerals, vi�, gas, geatherrnal and s�milar matters, �th� "Real Praperty"� lvcated in Hal� �vunty.
<br /> 5tate flf N ehras ka:
<br /> Lot 3. B1ock 2, Southern Acres Add�tion to th� �ity vf Grand Island, Hall Coun#y, Nebraska.
<br /> The Real Property or its address is commonly knvwn as ���7 �ochin Street. Grand lsland. NE
<br /> C8�D'I. Th� Rea� Prope�ty tax identifi�ation num�er is A���DJ3'13�.
<br /> REVULV�NG LINE �F �RED�T. This ❑eed of Trust secures the �ndebtedness including, withvut limitation, a re�oi��ng
<br /> line af�redit,whi�h ohliga#es Lender tn make advances tv gorrvwer so long as Borrower camplies with ai�the terms of
<br /> the Credit Agr�ement. 5uch ad�ances rnay be made, repa'rd, and remade fram time to#ime, subjeGt to the limitation
<br /> that the tv�al vu�standin9 balance owing a�any one t'rme, no�in�luding finan�e Gharges vn su�h balance at a fixed vr
<br /> �a�iable rate nr surn as prv�ided in the Credit Agreement, any #emporary overages, other charges, and any amaunts
<br /> expend�d or ad�anced as provided in eithe�the tndebtedness paragraph or this paragraph, shall nat exceed th� Credit
<br /> L�mi�as provided in the Credit Agreement. It is the intention of Trustar and Lender that this Deed vf Trust secures�the
<br /> balance vutstanding under the Credit Agreernent#rvm time t❑time frvm zerv up�a fihe Credit Limit as prorrided in the
<br /> Credit Agreement and any in�ermediate halance.
<br /> Trus�vr presently assigns ta Lender �alsa known as Beneficiary in this Deed of Trust� all vf Trustor's righ�t, �itle, and
<br /> int�rest in and ta all present and future leases of the Praperty and all Rents fr�m the Pr�perty. In addition, Trustor
<br /> grants ta Lender a Unifvrrn Commercial Code security interest in the Persvnaf Property and Rents.
<br /> THIS DEE[3�F TR[,JST,tNCLIJ�ING THE ASSiGNMENT❑F RENTS ANO THE SE�URITY INTEREST!N THE RENTS AND
<br /> PERS�NAL PR�PERTY. IS GIVEN TQ SECURE �Ai PAYMENT OF THE INDEBTEI]NESS AND {By PERF�RiVIANCE OF
<br /> EACH QF TRUSTQR'S A�REEMENTS AND DBLIGAT[QNS UNDER THE CREDlT AGREEMENT, THE RELATED
<br /> D�GUMENT�, AND THIS DEED �F �RUST. TH1S DEED QF TRUST 15 �IVEN AN❑ ACCEPTED �N THE FDLLUV111NG
<br /> TERMS:
<br /> TRUST�R"S REPRESENTATI�NS AND WARRANT�ES. Trustor warrants that: �ay #his De�d of Trust is executed at
<br /> Borrower's request and nat at the request of Lender; �by Trustor has the full pawe�, righto and authority to �nter into
<br /> this Qeed of Trust and to hypathecate the Praperty; �c� the pro�isions of this Deed of Trust do nvt con��ict with, vr
<br /> resul�in a default und�r any ag�eemenfi or other instrurnent binding up�n Trustar and do not r�sul�t in a�i�lation�f any
<br /> �aw, reguiatian, c�urt decree ar a�der applicable tv Trustor; �d� Trus�vr has established ad�quate means of ob�ainin�
<br /> �rom Borrower �n a cantinuing basis informartian abaut �3orrower's financia� conditian; and �e} Lender has rnade na
<br /> representatian�to Trustar abvut Bor�awer tincluding withaut�irn�tation the creditworthiness af Bvrrv►►ver}.
<br /> TRUST�R`5 WAIVERS. Trustor wai��s all rights or defenses arising by reasan of any "one action" ar "anti-defici�ncy"
<br /> law, ❑r any ather law which may pre�ent Lender from bringing any a�tion against Trustor, including a G�aim for
<br /> deficien�y to th�ext�nt Lender is otherwise en�itled t� a claim fn�deficiency, be#ore or a�ter L�nder's commencement
<br /> or comple#ivn af any foreclvsure action, either judicial�y or by exercise o�a pow�r of saie.
<br /> PAYMENT AN� PERFDRi1AANCE. Except as atherwis� pro�ided in this Deed of Trust, Barrower shall pay to Lender all
<br /> Indebt�dness secured by this ❑eed vfi Trust as it becomes due, and 6orrower and Trustor shall pe�form all their
<br /> respect��e obligations under the Credit Agreement,this Deed o#Trus�, and the Related Documents.
<br /> POSSESSInN AND MAINTENANCE �F THE PRDPERTY. 8orrower and Trustor agree tha� Borrower's and Trus�or's
<br /> possession and use of�he Property shall b�g��erned by the follvwing pra�isions:
<br /> Possess�on and Use. Un�il �he occurr�nce af an E�ent vf Default, Trustar rnay �1� remain in possessian and
<br /> c�ntro�af th� Property; �2y use, operate or manage the Praperty, and �3� �ollect the Rents fram the Proper�y.
<br /> Duty �v iV�a"rntain. Trustor shall maintain th� Praper�y �n good condition and promptly perform a11 repairs,
<br /> replacements, and rnain�enance necessary to preser�e its�alue.
<br /> Car�rropli�nce Wrth En�irvnmental Laws. Trustar represen�s and v►►arrants tv Lender that: �1 y During �he perivd v#
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