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<br /> VIIHEN RE��RDED MAIL T�: �
<br /> Ex�hange 6ank .
<br /> Gl-Allen Dri�a 8ran�h �
<br /> 'i 244 A1len Dr .' '
<br /> P� B4x 5793 � �
<br /> Grand Island NE fi88Q� FDR REC RDER'S USE�NLY ,
<br /> C�NSTRUCT��N DEED �F TRUST
<br /> TH1S QEED �F TRVST IS A C�NSTRUCTIQN SECURITY AGREEMENT
<br /> W�THiN THE MEANING �F THE NEBRAS�tA C�NSTRUCT��N L1EN ACT
<br /> THIS DEED �F TRUST is d�tec� 5eptember 7 a, 2�"15, amang UM BRELLA DEVEL�PM ENT LL�.
<br /> A iVek�raska Limited L�ahility Company t"Trustor"�: Exchange Bank, whoss addr�ss is GI - Alien ,
<br /> Drive Branch. '!244 Allen Dr, P� B�x a793, Grand Island. NE fi88�� trgferred ta b�low
<br /> svmetimes as "Lender" and sometimgs a� "Benefic�ary"y; and Exchange B�nk , whvse address -
<br /> is P� B�x 5793, Grand Is�and, NE �58�� treferred ta below as "Trustee"�.
<br /> CONVEYAIVCE AND GRANT. For va�u�ble cansidera#ion.Trustor�onveys to Trustae in trust.WITH P�WER�F SALE,
<br /> for the henefi#af Lender as Ssnef�ei�ry, all of Trustar's right, titie, and interest in and to the #ollowing described real
<br /> property, togsther w�th ail existing ar subsequently erected vr affixed bui�dings, improvements and #ixtures; a�l
<br /> easements, rights of way, and appurtenan�es; all water, water rights and dEtch rights {includ+ng stack in utilities with �
<br /> ditGh ar irrigativn rightsf; and al� other rights, royalties, and profits re[a#ing #o the real praperty, including wi#hout
<br /> �irnitation ail rninerals. oil, gas, geothermal and similar matters, �the "Real Property"� IoGated in HALL
<br /> County, State of IVebraska: �
<br /> Lat Two {2f, INestw�od P�rk Th��teenth Subd�r�isian, in the �ity of Grand Island, Hall
<br /> County, Nek�raska �
<br /> The Real Property vr its �ddress is commvn�y knvwn as 5'14 REDW��D F��AD, GRAND �
<br /> lSLAND, !VE �88�1. - ,
<br /> CRDSS-C4LLATERALI�ATI�N. !n addf#ion ta the IVate, this Deer�af Trust secures all❑bfigatians, debts and liabilitiss.
<br /> plus interest therevn, ❑f Trustor#a Lender, vr any one or mvre af them, as well as�II �laims by Lender against Trustor ' �
<br /> or any one or more �f them� whather now sxis#ing ar hereafter erising, whether relatgd v�unrelated to the.purpa9a af
<br /> the Nvte, whether �oluntary or otherwise, whether due or not due, dire�t or indirect, d�tsrmined ar undeterrninad�
<br /> absolute vr cantingent. liquideted or unliquidated. whether Trustor may ba liable indi�idu�lly or jointly with others,
<br /> whether abl�g�ted as guarantvr, surety, accommvdation party ar otharwise, s�nd whether reca�ery upan such amounts
<br /> rnay be ar hereafter may become barred hy any statute vfi iimitati�ns, end whether the al��i9ation tv re�ay such amvunts
<br /> may be ar hereafter may become vtherwise unenforceable.
<br /> FUTURE ADVANCES. In add�tion tv the Note,this Ueed o�Trust secures ali future ad�ances made by Lender ta Trustor
<br /> whether or nat the advances are made pursuant to a cvmrnitment. Specifi�ally� w�thou#limitativn, this Deed of Trust
<br /> secures, in addi�ian tv #he amounts specified in the Nate, all future amounts Lender in its discretion may Ivan ta
<br /> Trustor,together with all interest thereon.
<br /> Trustor presentfy assigns to Lender �also known as Beneficiary in this Deed ❑� Trusty all af Trusto�'s right, title, and '
<br /> inter�st in and to a!1 present and future leases of the Property and ali Rents frorn the Prvperty. in addition, Trustor
<br /> grants to Lender a Uniform Commercial Code se�urity interes�in the Personal Prop�r#y and R�nts. ��
<br /> THlS DEED�F TRUST,�NCLUDING THE AS5IGNMENT�F RENTS AND THE SECURITY 1NTEREST IN THE RENTS AN[3
<br /> PER50NAL RR�PERTY, IS G�VEN T� SECURE �A] PaYMENT OF THE INDEBTEDNESS AND �Bf PERF�RMANCE�F
<br /> ANY AND ALL D6LICATIDNS UNDER THE NQTE, THE RELATED DDCUMENTS. ANO THIS DEED aF TRUST. T�IIS
<br /> DEED aF TRUST, �NCLU�ING THE ASSIGNMENT QF #�ENTS AND THE SE�UR�TY INTEREST �N THE RENTS ANf] �
<br /> PERS�NAL PR�PERTY. lS ALS� GIVEN T� SECURE ANY AND ALL DF TRUST�R`5 �BLlGATI�NS UNDER THAT
<br /> CERTA�N C�NSTRUCTtDN L�AN AGREEMENT BETWEEN TRUSTQR AND LENDER �F EVEN DATE HEREW�TH. ANY
<br /> EVENT �F DEFAULT UNDER THE C�NSTRV�TIaN L�AN AGREEMENT, �R ANY �F THE RELATED D�CUMENTS �
<br /> REFERRED TQ THEREIN, SHALL ALSa BE AN EVEIVT �F DEFAULT UNDER TH15 DEED �F TRUST. THtS DEED �F .
<br /> TRLJST tS GIVEN ANa AC�EPTED�N THE FULLOVIIING TERMS:
<br /> PAYMENT AND PERF�RMANCE. Ex�ept as otherwise prv�ided in this ❑eed af Trust, Trustor shalf pay to Lender all
<br /> amounts secured by this D�ed Qf Trust as they become due, and shaii strictly and in a time�y manner p�rf�rm all of
<br /> Trustvr's obfigativns under the Note,this Deed of Trust, and the Related�ocuments.
<br /> C�NSTRUCTi�N M�RTGAGE. This Deed of Trust is a "constructivn martgage" far the purpases of 5e�tions 9-334
<br /> and 2A-3Q9 of the Uniform Commercial C�de,as thpse sectivns ha�e heen adapted by th�5tate Qf Nebraska.
<br /> P�SSESSInN AN� MAINTENANCE �F THE PR�PERTY. Trustor agr�es that Trustor's passessi�n and use of the
<br /> Pra�erty shall be go�erned by�he#allowing pro�isions:
<br /> Passession and Use. Untii the occurrence vf an E�ent of Default. Trustor rnay t 1} remain in possession and
<br /> control a'F#he Property; t2y use,operate or manage th�Praperty;and �3y callect the Rents frorn the Prvperty. .
<br /> I]uty to Main#ain. Trustar shall rnaintain the Prvper#y in tenantable �ondition and prom�tly perform all rep�irs.
<br /> replacements. and maintenance necessary to preserve its vaiue.
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