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<br /> WHEN REC�RDED MAIL T�:
<br /> Ex�hange Bank
<br /> G1-Allen Drir�e Branch
<br /> '!2a4 Allen Dr
<br /> PD Bax 5793
<br /> Grand Island, NE 688�� F�R REC�ROER'S U5E�NLY
<br /> DEED DF TRUST
<br /> THtS DEED C]F TRUST 'rs dated December 9. 2�'I a, among R�DNEY B RADER and LISA M
<br /> RADER. H usband and V11ife �"Trustar"�; Exchan�e Bank, whvse address is �I - Al�en Dri�e
<br /> Branch. ���4 Allen Dr. P� Box 5793, Grand lsland. NE 6$�0� �referred t� be[ow sometimes
<br /> as "Lender" and s�metimes as "Benefic�ary"�: and Exchange Bank, whose address �s P� Bax
<br /> 397, Kearney, NE 6584� �referred tv below as "Trustee'"�.
<br /> C�NVEYANGE AND �RANT. Fvr �aivable considera�ian, Trustor con�eys to Trus�ee �n trust, V111TH P�WER �F SALE,
<br /> �vr the benefi� nf Lender as Beneficiary, all of Trustar's r�ght, title, and inte�-est in and to the f�livwing descrik�ed real
<br /> property, ��gether with all exist�ng or subsequen�tly erected vr a��rixed buildings, impra�ements and fixtures; al!
<br /> easements, �ights af way, and appurtenances; all water, water r�ghts and ditGh rights �includ�ng stock in utilities with
<br /> ditGh vr irriga�ian rights�; and all a�her rights, royalties, and prv�its relating to the real proper�y, includ�ng without
<br /> �imitation all minerals, vil, �as, gea�hermal and similar ma��ers, �th� "Real Property'*� located in HALL
<br /> ��unty, State af Nebraska:
<br /> LDT THREE �3�, BL�CK TVIl� ���. JACK V�SS SUBDIVISI�N IN THE �ITY �F GRAND
<br /> �SLAND, HALL ��UNTY, NEBRASKA.
<br /> Th� Real F'�rvperty or its address �s c�mmonly kna►n►n as 43�� MICHIGAN AVE, GRAND
<br /> 1SLAND, NE �85�3. The Real Property tax identifi�at�vn number �s 4��1643�2. ,
<br /> REV�LVING LINE �F CRE�IT. This Deed o# Trust secures the Indeb�edness including, without limitati�n, a revalving
<br /> I�ne vf credit. which vbliga�es Lender�o make ad�an�ss tv Trustor so fong as Trustor�omplies vr►ith all the terms af th�
<br /> Credit Ag�eement. Such ad�ances may he made, repaid, and remade from time t❑ time, suhjec�tv the �imitation that
<br /> the totai vutstanding balan�e ❑wing at any one time, na� including #inance �harges on such balance at a fixed or
<br /> variabls ra�e or sum as pro�id�d in the Cr�dit Agreement, any tempvrary vverages. ath�r �harges. and any amvunts
<br /> expended or advanced as pravided in either the Indeh�edness paragraph vr this paragraph, shall not�xceed �the Cred�t
<br /> Limit as prorrided in#he �redi#Agreement. tt is the intentivn af Trustvr and Lender that t�is Dsed of Trust s�cures the
<br /> baiance vutstanding under the Credit Agreement�rvm time to time from zero up tv the Credit Limit as prv�ided in th�
<br /> Credit Agreement and any intermediate balance.
<br /> Trustor presently assigns to Lender �also known as 6ene�icia�-y in this ❑eed of Trust� all of Trus�or's ri�ht, title, and
<br /> int�rest in and ta all pr�sen� and future leases of the Property and all Ren#s from th� Property. 1n additivn, T�ustor
<br /> grants to Lender a Uniform �ommercia� Code security interest in the Persona[ Property and Rents.
<br /> TH15 DEED�F TRUST. INCLUDlNG THE ASSIGNMENT ❑F RENTS AND THE SEGURITY �NTEREST 1N THE RENTS AND
<br /> PERS�NAL PR�PERTY, iS GIVEN T� SEGl1RE �A� PAYMENT UF THE INDEBTEDNESS AND {Bf PERFDRMANCE DF
<br /> EACH �F TRUST�R'S AGREEMENTS AND DBLIGATI�NS UNDER THE CREDIT AGREEMENT. THE RELATED
<br /> D4CUMENTS, AND THlS DEED �F TRUST. THIS DEED ❑F TRUST IS G�VEN AND ACCEPTED �N THE FDLL�INlNG
<br /> TERMS:
<br /> PAYMENT AND PERF�RMANCE. Exc�pt as v�herwise prv�ided in this D�ed vf Trust, Trustar shall pay to Lender all
<br /> amounts secured by this Deed o� Trust as they becvme due, and sha[� stricfily and in a timely manner perfvrm all of
<br /> Trustar's obligativns under th� Credit Agre�ment, �this Deed of Trust, and the Reiated DQcuments.
<br /> P�SSESSI�N AND MAINTENANCE �F THE PR�PERTY. Trusto� agrees that Trustor's poss�ssian and use of the
<br /> Proper�y shali be ga�erned by the faflawing pra�isions.
<br /> Possessian and Uss. llntil the oc�urren�e vf an E�ent of ❑e�ault, Trustvr may t 1} remain in pass�ssi�n and
<br /> control of the Property; ��� use, vperate or manage the Prflperty; and �3� cvllec�the R�nts from the Prvperty.
<br /> Duty #o Maintain. Trust�r shall maintain th� Property in gofld condition and promptly pe��orm all repairs,
<br /> replacements, and maintenan�e ne�essary ta preser�e its�alue.
<br /> �ompiiance With Environmental Laws. Trustvr represents and warrants to Lender that: �1} �uring the period of
<br /> T�ustor's awnership o��he Praperty, there has �een nv use, generativn, manufactu�e, storage, treatmen�, disposal,
<br /> reiease vr threatened r���ase a� any Hazardous Substanc� �y any person ❑n, under, about or from �he Property;
<br /> ��} Trustar has no knowledge of, or reason fi� beli��e that th�re has been, except as pre�iously disclosed ta and
<br /> acknowledged by Lender in writing, {ay any breach ar �iolat�on of any En�i�onmentaC Laws, {by any use,
<br /> genera�iQn, manufacture, starage, tr�atment, disposaf, r�lease vr threaten�d release a� any Hazardvus 5ubstance
<br /> on, under, abaut vr frvm the Property hy any prior owners vr occupan�s of �he Prvperty, vr �cy any a�tuaf or
<br /> threatened litigation ar Glaims of any k�nd by any p�rson re�ating t❑ such matt�rs; and �3� Except as pre�iously
<br /> discl�sed to and acknvwledged by L�nd�r in wr�ting, �a� neither Trustor nor any�tenan�, �on�tractor, agent or other
<br /> authorize� user of the Property shal! use, g�nerate, manufiacture, store, treat, disp�se af or rel�ase any Hazardvus
<br /> 5ubstance an, under, ahvut or from the Praper�y; and �by any such acti�ity shall fae conduct�d in compliance wi�h
<br /> all applicabl� federal, sta�e, and Iocal laws, �-egulat�vns and ordinan�es, including without limitation all
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