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<br /> WHEN REC�R�ED �AIL T�:
<br /> Exchange Bank
<br /> G�-Allen Drive Bran�h '
<br /> 7��4 Allen Dr
<br /> P� Bax 5793
<br /> Grand Island,NE 688n2 F�R RECflRDER"S USE�N�.Y
<br /> DEEi] �F TRUST
<br /> TH1S DEED �F TRUST is dated �eptemher �, ��15, among J PAUL Itil�EYER and �YNTHIA M
<br /> MEYER, HUSg�ND AND W�FE, AS J��NT TENANTS AND N�T AS TENANTS �N CDMM�N
<br /> t"Trusta�"�; Exchang� Bank, whase address is �I � AIlen Drive Branch. "1��4 Aflen �r. P� Bax
<br /> 5793, Grar�d ls�and. NE �B�D� �referred t� below so�met�mes as "Lender" and samet�m�s as
<br /> "Benefi��ary"}; �nd Exchange Bank� who�e address �s PO Box 39?. �earney. NE �$848
<br /> �referr�d ta hefow as "Trustee"�.
<br /> C�NVEYAN�E AN�GRANT. For valuable consideration�Trustor c�nveys to Trustee in trust.WlTH PDWER �F SALE,
<br /> far the benefit o� Lender as Benefi�iary. all of Trustar's righ�r, tit�e, and interest in and ta the �v[lowing described real
<br /> prvperty, together with all existing vr subsequent�y erec�ed or a��ixed buildings, imprv�ements and fix�ures; a11
<br /> easemenfis, righ�Cs vf way, and appurtenan�es; all wa�er, ►nrate� righ�ts and ditch rights �in��uding s�ack in ufiilities with
<br /> ditch or �rrigatian rights}, and a11 other rights, rvyaltEes, and prv�i�s relating to the real p�vperty, including w�th�ut
<br /> iimitafion all minerals, oil, gas, gevthermal and simifar matters, �the "Real Property"� �ocated in HALL
<br /> �vunty, State of Ne�raska:
<br /> L�T EiGHT �Sy, lN BLa�K �NE �'��, P�NDER�SA LAKE ESTATES THIRD SUB�IVISI�N,, IN
<br /> THE CITY �F �RAND �SLAND, HALL ��UNTY, NEBRAS�A.
<br /> The Real Property �r its address is carnmvnfy knawn as 'l5� P�NDERQSA �T. GRAND
<br /> �SLAtVD, NE ���q3. The Reai Prap�rty tax identificatian number is 4��3�478�.
<br /> REVDLVING LINE aF CREaiT. This Deed of Trust secures the lndeb�tedness inciud�ng. withou� limi#ation, a reWal�ing
<br /> line af credi�,which obligat�s Lender to make ad�ancss ta Trustor so Iong as Trustar complie�with ali�he t�rms af the
<br /> Credit Agreement. Such advances may be made, repaid, and remade�Frvm#ime to tirne, subject to th� Eimitation tha#
<br /> the total auts#anding balanc� awing at any ane time, not inc�uding finance charges �n such balan�� at a ��x�d or
<br /> rrariable rate vr sum �s pra�ided in th� Credit Agreement, any #emporary vverages, v�her �ha�c�es, and any amvunts
<br /> expended or advanced as prv�ided in either th� lndebtedness paragraph ar this paragraph, sha11 na#exceed the Gredit
<br /> Lirni�as prvvided in#he Credit Agreement. lt is the intention o�F Trustvr and Lender that�his Deed of Trust secures the
<br /> balanGe❑utstanding under the Credit Agreement�rom time to time�rom�erv up#o�the Credi�LEmit as provided in the
<br /> Credi�Agreement and any intermediate balance.
<br /> Trus�ar presently assigns tv Lend�r {aiso known as Ben�ficiary in this ❑eed vf Trust� all af Trustor's right, �itle, an�
<br /> interest in and t� all present and �uture leas�s of the Prop�rty and all Rents �rom the Property. In addit�on, Trustar
<br /> g rants to Lender a U niforrn�ommer�ial C�de security inte�est in�he Persvnal Pr�perty and Rents.
<br /> THlS DEED❑F TRUST,iNCLUDlNG THE A5SIGNMENT�F RENTS AND THE SECURITY INTEREST#N THE RENTS AND
<br /> PERSDNAL PR�PEFiTY, iS GiVEN TD SECURE �A} PAYMENT nF THE 1NDEBTEDNESS AND �B} PERF�RMANCE�F
<br /> EAGH �F TRUST�R'S AGREEMENTS AND �BLEGATl4NS UNDER THE CREDIT AGREEMENT, THE RELATE�
<br /> D�CUMENTS, AND TH15 l�EEQ �F TRLlST. TH�S DEED QF TRUST iS GIVEN AN❑ ACCEPTED DN THE F�LL�ININ�
<br /> TERMS:
<br /> PAYMENT AND PERF�RMANGE. Except as ❑therwise p�o�id�d in �this ❑eed vf Trust, Trustar shali pay t� Lender all
<br /> amounts secured by this C]eed o�Trus� as they b�came due, and shall strictiy and in a �imefy manner per�orm aI� of
<br /> Trus�or's obligafiions under the Credi�Ag�eernen�, this Deed af Trust, and the Rela�ed Dacuments.
<br /> P4SSESSI�N AN� MAINTENANCE �F THE PR�PERTY� Trustor agrees that Trustor's possessian and use Qf the
<br /> Property shall be go�erned�y the�o��vwing pro�isivns: •
<br /> Poss�ssion and Use. Until the occurrenc� ofi an E�ent �f �efaul�, Trustvr may �1} rsmain in ppssession and
<br /> �ontrol of the Pr�perty; �2� use, operate ar manage the Property;and �3} caliect�the Rents�r�m the Praperty.
<br /> Du�y #a Maintain. Trus�or shall maintain �he Prvperty in gvvd �andition and pramptly perform a!i repairs,
<br /> r�piacements, and main�tenance ne�essary�❑preser�e its�alue.
<br /> Gvmplianc�W"rth Envirvnmental Laws. Trustar represents and warrants to L�nder that; ��7 During the peric�d of
<br /> Trustvr's ownership of the Property, there has �een n❑use, generation, manufacture,s�orage,�rea�ment, dispasal,
<br /> release or threafiened rel�ase a�r any Hazardvus Substance by any persan ❑n, under, abou�t or from �the Praperty;
<br /> ��y Trustor has no knvw�edge of, ar reason to belie�e that there has been, sxcept as pre��ously disclased to and
<br /> a�knawledged by Lender in writing, {a� any �reach vr �ialatEQn af any Environmen�al Laws, {b� any use,
<br /> genera�Cion, manufaG�ure, storage, treatment, dispasa�, refease vr threatened release o�any Ha�ardaus Suhstance
<br /> on, under, ahout or from the Proper�y by any privr awne�s vr o�cupants a�the Pr�perty, or {c� any actua� or
<br /> threaten�d (itEgation o; �Eairns of any kind by any person relating t� su�h matt�rs; and 43} Exc�pt as pre�ivusly
<br /> disclosed�o and acknvwledged by Lender in writEn�, �a} neither Trustor nor any tenant, �ontractar, agent ar ofiher
<br /> authvrized user of the Property shaf! use, generate, manufac�ure, store,�reat, dispase vf ar release any Ha�ardous
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