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rn � m � � � o rnm � y rn o �� rn IV rn o �o rn � � p � � . �z � � z� � � � �� Z �z � � z� � � � — �� o � �ornv � cn rn� rn �� rn� p � _� � C �o � � � � Cr� � r� Iti3� � .�.� � p� I�] � � C� Z � WHEN REC�R�E� IVIAfL TD: Exchange Bsnk GI-Alien Ori�e Branch "��4 Allen ar P�Box 5793 �rand Istand, NE F88Q� FQR REC�R�ER'S USE�NLY �n www�ww^i ■ N�wrr^uir�� rMr��ir�i��i��n�� f DEED �F TRUST THIS DEED �F TRUST is d�ted January 1�. ��16. among M�CHAEL A F�ITTER and MICHELLE K RITTER. Husband and Wife t"Trustor"�; Exchan�e Bank. whase address is GI - A��en Drive Bran�h, 1�04 A!!en Dr. P� 8�x 5793. Grand Island. NE 688I3� �r�ferred to helaw sometimes as "Lend�r" and sometimes as "Bene�i�iary"�; and Exchange Bank , whose address is P� Box 5793. Grand Isiand. NE 68842 �referred ta below as "Trustee"�. C�NVEYAN�E AND GRANT. For vatuab�s�ansideration. Truator�on�eys to Trustae in trust. WlTH P�WER �F SALE, for the benefi�t of Lendar as Benefci�ry, atl �f Trustor's righ�, title, and interest in and to the fvllowing desc�it�ed �ea� property, toge#her with a�� existing or subsequen#ly erected or affixed buiidings. �mpro�ements and fixturss; a{i easaments. r�ght� of way, and �ppurtenances; al! water, water rights and ditch rights �including stock in utilities wi#h ditch or irrigation rightsf; and e�! ❑ther r�ghts, roya�t�es, end prv��ts reiatin to the rea! praperty, including withaut fimitation all mina�als, oi�, gas, geotherm�f and similar matte�s, �the "�eal Pro 8 '�y located �n HALL P �Y County. State of Nebraska: Lot Twv Hundred Twenty�thr�e ��3y in West Lawn, an Add�tian to the Gity af Grand Isiand. Hall Caunty. Nebraska Th� Real Praperty or its address is common�y known as '14�7 N PARK AVE, GRAND ISLAND. NE �88�3. CR�55-C�LLATERALIZAT[�N. !n add�tion to the Note. this D�ed af Trust secures ail obligations, debts and liabilities, p�us interest #hereon, of either Trustor ar Borrower to Lender. �r any one vr m�re o# them, �s wsll as sl� cla�ms by Lender against Borrower and Trustar or any one vr m�re of them, wheth�r naw exEsting vr hereafter arising. whether �elated or unrelated to the purpose af ths Nate, whether �oluntary ar otherw�se, whether due ❑r na# due� direct or ind�rect, determined ar undeterm�ned� absoluta or cantingent� i�quidated or unliquidat�d, whethgr Bvrrower ❑r Trustor may be liable indi�idually vr jointiy with others. whether obligated as guarantar, surety, accommfldatian party or otherwise� and whether recovery upan such �mounts may be ar hereaftsr may bscame barred by any sta#ute ❑f I�mi�ations� and whether #he vbligatian to repay such amaunts may be or hereafter may became o�herwise unenforceahle. ��#he Lender is required to gi�e na#ice of tha right to Gancel under Truth in Lend+ng in cvnnectian with any additional�oans, extensians of credit and o#her liabilities or oh�igatians af Trustor�o Lender,then thts Deed of Trust shal!not secure additianal Ioans or ahligations unless and unti!such notice is gi�en. FUTURE ADVANGES. ln additian to the Nate, this Deed of Trust secures �II future ed�ances made by Lender tv Borrvwer or Trustor whether or not ths ad�ances sre made pursuant to�commitment. Specifi�aliy. without�imitation, this Deed af Trust secures, in add�tion ta#he am+aunt8 specifiied tn thg N��e� al� future smounts Lender in ita dis�retion may laan to Bvrrawer�r Trustflr,tagether wi#h all interest therean. Trustor presently ass�gns ta Lender �also knawn �s B�neficiary in this Deed of Trust� �II ot Trustor's right. tEt�e. and interest in and to a�l present and future leases of the Praperty and al! Rents from the Propsrty. In addition. Trustor grants to Lender a Uniform Commercial�ode secur�ty interest in the Pe�sonal Prvperty end Rents. TH1S DEED�F TRUST, 1NCLUDING THE ASS�C�NMENT�F REHTS AND THE SECUR�TY iIVTEREST IN THE RENTS AND PERS�NAL PR�PERTY. IS GIVEN TQ SE�URE �Ay PAYMENT QF THE INDE�TEONESS AND �B� PERF�RMANCE�F ANY AND ALL �BLIGATI�NS UNDER THE N�TE. THE RELATED p�]CUMENTS. AND TH�S DEED QF TRUST. T�IS DEED OF TRUST 1S GIVEN AND ACCEPTED aN THE F�LL�WIiV[3 TERMS: TRUSTOR'S REPRESENTATI�NS AtVD WAR�ANTIES. Trustar w��ants that: �a� th�s Deed o� T�ust �s executed at Borrawer`s request and na# �#the request of Lender; th} Trustor has the fuI! pawer, right, and authority tv enter into this ❑eed o#Trust and to hypothecate the Propsrty; tc} the pc��isians of this ❑sed of Trus# da nat conflict wi�h, or resuit in a default under�ny agreement or ather instrument�inding upan Trust�r and da not result in a Wivlatian of any law. regulatEan. court decr8e or ardsr applicable to Trustor; 4df Trus#or has established adequate means of 8btaining firom Borrvwer on a continuing hasis informativn about B�rrower`s financial conditivn; and tey Lender has made no representa�inn to T�ustor about Barrower t�ncludin9 without limi#�tion the credi#worthiness o#Bvrrowery. TRUST�R'S YVAIVERS. Trustor wai�es all rights ar detenses a�ising by reasan�f any "ane actian" or"anti-deficienc�" �aw, �r any other law which may pre�ent Lender from bringing any activn against Trustor, including a cla+m for deficisncy to the extent Lender is vtherwise entitl8d to a claim for deficiency, �efore or after Lender's cammenceme�t or comp�etion of any fare�lvsure action,sither judicially or by exercise❑f a pvwer of sale. PAYMENT AND PERF�RIN�NC�. Except as otherwise pro�ided in this Deed of Trust, Borrawer and Trustor shall pay to Lender all Indebtedness secured by this ��ed nf Trust as it becomes due, and Bor�ower and Trustnr sha�i strictly per#vrm all their respecti�e obligations under the Note.this D�ed o#Trust. and the Re�ated Documents. P�SSESSI�1� AND II�AINTEI�ANCE DF THE PR�PERTY. Borrower and Trustor agree that Borro►►ver's and Trustar`s possessian and us�of the Prvperty shail ba So�em�d by the fo��vw+ng pro�isians;