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<br /> 1NHEN REC�RDED MAIL T�:
<br /> Exchange Bank
<br /> Gl-Allen�ri►►e Branch
<br /> '12�4 Al�en Dr
<br /> PO Box 5793
<br /> Grand Isiand. NE �$8�2 F�R REC�RDER'S USE UNLY
<br /> DEEQ �F TRUST
<br /> THIS DEED C]F TRUST �s dated N�vember 6, ��3'1 a, amang J[3SEPH G ANDERS�N. A Single
<br /> Persan �"Trustar"�; Exchange Bank, whose addr�ss is GI - Allen Drirre Bran�h, 'I��4 Allen Dr,
<br /> P�] Bax 5793. G�and Island, NE 688D2 �referred to be�vw sometimes as "Lender" and
<br /> s�metimes as "Beneficiary"�; and Exchange Bank, whose address �� PC] Bvx 397, Kearney, NE
<br /> 68848 �referr�d to helow as "Trustee"}.
<br /> C�NVEYANCE AND GRANT. For Waluable �onsideration, Trustor con�eys to Trustee in trus#. WITH P�WER OF SALE,
<br /> fvr th� benefit of Lender as Beneficiary. all af TrustQr's right, titie, and interest in and to the follawing described �eal
<br /> p�operty, together v►rith all existing or subsequently ere�ted or affix�d buiidings, impra�ements and fixtur�s; all
<br /> easements, righ�s �f way, and appurtenan�es; all water, uvater rights and ditch rights �including sfivck in utiliti�s with
<br /> ditch or irriga�ian rights}; and all other rights, royal�ies, and profi�s relating tv the real property, inGluding wi�hout
<br /> �imitatian all min�rals, o��, gas, gevtherma� and similar matters, �th� "Real Property"} lflcated in HALL
<br /> Cvunty, State of Nebraska:
<br /> L�T SEVENTEEN �'!7� �N BL�CK D, PARK-VIE'�11 SUBa�V�Sf�N IN THE CITY DF GRAND
<br /> 1SLAND, HALL C�UNTYr NEBRASKA.
<br /> The Rea! Pr�p�rty or its address is cvmm�nly known as 243� PfDNEER BLVD, GRAND
<br /> �SLAND, NE 688��. The Real Property tax identificatian number is 4DD�7�3��.
<br /> REV�LViNG LINE UF CREDlT. This Deed af Trust secures #he �ndebt�dness inc�uding, wi�hout �imitation. a re�olv�ng
<br /> line u#credi�, which obliga�tes Lender t❑make ad�ances to Trustor so lang as Trustor complies w'rth al�the#erms of the
<br /> Credit Agreement, S uch ad�an�es may be made, repaid, and remade #rom time to time, subject to the �imitatian that
<br /> the to#a[ ❑utstanding balance vwing at any one #ime, not including finance charges vn such balance at a fixed vr
<br /> �ariabie rate or sum as prnvided in #he Credit Agreement, any �emparary o�erages, o�her �harges, and any amounts
<br /> expended or advanced as pr�v�ded in either �he Indehtedness paragraph vr this paragraph. shall no� exceed the Credit
<br /> Limit as praWided in the Credit Agreement. It is the intent�vn of Trustor and Lend�r thafi th�s Deed of Trus�se�ures the
<br /> balance outstanding under the �redit Agreement#rvm time to t�me from zero up to the Credit Limit a� pro�ided in the
<br /> Credit Agreement and any intermediate taalance.
<br /> Trustar presently assigns to Lender �also knawn as 6ene��ciary in this D�ed af Trust� alf of Trustor`s right, title, and
<br /> inte�est in and ta all presen� and future ieases of �he Property and alf R�nts fram the P�-oper�y. In additi�n, Trustor
<br /> grants ta Lender a Unifvrm Commercial C�de security interest in the Pers�nal Property and Rents.
<br /> TH1S DEED�F TRUST. INCLUDING THE ASSIGNMENT C3F RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERS�NAL PR�PERTY, IS G�VEN T�3 SECURE �A� PAYMENT �F THE INDE6TEDNESS AND {B� PERF�RMAN�E �F
<br /> EACH �F TRUST�R'S AGREEMENTS AND ❑gL��ATl�NS UN1]ER THE GREDIT AGREEMENT, THE RELATED
<br /> D�CUMENTS, AND THiS DEED �F TRUST. THIS ❑EED �F TRUST iS GIVEN AND ACCEPTED ❑N THE FC]LLDWING
<br /> TERMS:
<br /> PAYMENT AND PERF�RMANCE. Except as otherwise prn�id�d in this ❑�ed o� Trust, Trustar shall pay t� Lend�r a!!
<br /> amounts secured by this Deed af Trus� as they #�e�ame due, and shaff s�trictly and in a timely manner perfarm all of
<br /> Trusto�'s obligations under the Gredit Agreemen�, this Deed vf Trus�, and the Related ❑ocum�nts.
<br /> P�SSESSl�N AN❑ MAINTENAN�E ❑F THE PRQPERTY. �rustor a�rees that Trustar's possessivn and use of the
<br /> Prnper�y shall be gQ�ern�d by the following pro�isians:
<br /> Possessivn and Use. CJntil the o�cur�ence a# an E�en� of Default, Trustor may t 1} remain in possession and
<br /> contral of the Prape�ty; {2} use, operate or manage th� Property; and t3� coll�c�th� Ren�s frvm the Pr�perty.
<br /> Duty to Nla�ntain. Trustor shall main�ain fihe Praperty in good �anditian and promptly perfarm a!I repairs,
<br /> r�pla�ements, and main�enance necessary to preser�e i�s�alue,
<br /> Compiiance With En�ironmenta� Laws. Trustor r�presents and war�ants to Lend�r that: ��y I�uring �he period of
<br /> Trustar's ownership a��he Praperty, ther� has been n❑ use, generation, manufa�ture, s�orage, treatmen�, disposal,
<br /> release or threatened release af any Hazardous Substance by any person an, under, abvut or firom th� Prop�rty;
<br /> �2� Trus�or has no knawledge o�, or reason tv belie�e �hat �here has been, ex�ept as pr��iously dis�losed to and
<br /> a�knowledged �y Lender in writing, �aj any k�r�ach ar �iolat�vn of any En�ironmen�al Laws, �b� any use,
<br /> gene�ativn, manufacture, s�orage, treatment, disposal, release ❑r threatened re�eas� �f any Ha�ardous Suhstance
<br /> on, under, about or from the Prvperty by any priar ov►rners or occupan�s ❑f the Praperty, or ��j any actual or
<br /> �hreatened litigation �r cla�ms ❑f any kind by any person relating �o su�h matters; and �3j Excep� as pre�iausly
<br /> disclased�❑and a�knowledged hy Lend�r in writin�, �a} neithe�Trustor nor any tenant, contractor, a�ent or ather
<br /> authori�ed user af the Praperty shall use, generate, manufacture, stare, treat, dispose of vr release any Hazardous
<br /> 5uhstan�e an, under, abaut❑r from the Prop�rty; and �b� any su�h a�ti�ity shall he cvnducted in compliance with
<br /> afl applicable €ederal, state, and local lav+rs, re�ulatians and ordinan�es, includ�ng without limi�ativn ail
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