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<br /> �IIIHEN RE�Q�DED MAtL T�:
<br /> Exchange Bank
<br /> G!-Ali�n Drive Bran�h
<br /> 'I�04 Allen Dr
<br /> P❑ Box �7�3
<br /> Grand lsland, NE 688�� F�R REC�RDER'S USE�NLY
<br /> DEED [3F TRU�T
<br /> TH1S DEEL7 �F TRUST is dated Nvr►ember ��. ��1�, amnng PH I LLI P S BU RT and V 1CK1 J
<br /> BURT, Husband and Wif� t"Trustar"�; Exchang� 6ank, whos� address is G1 - Allen Drive
<br /> B�ranch, 'i 2��4 Allen Dr. P� Bvx 5793. �rand Is�and, NE 688�� 4referr�d tn bela►nr sametimes
<br /> as "Lsnde�" and sometimes as "Benefi�iary"�; and Exchange Bank, whase address is P� Bax
<br /> 397. K�arney, N E �8845 �referred to be�ow as "Truste�"�.
<br /> CaNVEYAN�E AND GRANT. For valuable cvnsiderativn, Trustor conveys to Trustee in trust, W�TH P�WER aF SALE,
<br /> for the benefit c�f Lender as Beneficiary, al1 af Trusfior's righ�r �I�CILr and inter�st in and to the following des��ibed rea�
<br /> property, fiogether ►nrith all existing �r su�asequently ereGted or affixed buildings, imprv�ements and �fixtures; all
<br /> easements, rights of way, and appurtenances; all water, water rights and dit�h rights �including sto�k in utilities wi�h
<br /> ditch ar irrigation rights}; and all a�her rights, royalties, and profi�ts relating �to the real property, including without
<br /> limitatian all minerals, oil, gas, geothermal and similar mat�ers, �the "Real Pr�p�rty"} Io�at�d in HALL
<br /> County. Stat� af Nebraska:
<br /> LOT ELE!!EN �'1'1�, ��PPER CREEK ESTATES FIFTH SU�DIVISI�N fN THE C1TY �F GRAN�
<br /> 1SLAND, HALL G�UNTYr NEBRASKA.
<br /> The Real Property ar �ts address �s common�y known as 315 �RCHARD �RASS DR, GRAND
<br /> ISLANa. NE 6�8�3. The Real Praperty tax �dentification number is 4��43�6�'I.
<br /> REV�LVING L�NE �F CREDfT. This Deed o# Trust secures the �ndebtedness in��uding, wi�hvu# �imitatian, a re�ol�ing
<br /> line af�redit, which ohligates Lender tv make ad�ances to Trustor so Ivng as Trustor complies with all the terms of the
<br /> Credit Agreement. Such adr�ances may be made, repaid, and remade fram t�me tv time. subjec�to the �imitation that
<br /> �he totai ❑utstanding balan�e owing a�t any nne #ime. not includ'rng finance charges on such balance at a fixed ar
<br /> �ar�ab�e rat� or sum as prorrided in the Credi� Agreement, any tempnrary �verages. �ther cha�ges, and any amounts
<br /> expended or ad�anced as pra�ided in ei�h�r the lndehtedn�ss paragxaph ar this para�raph, shall not exceed the Cred�t
<br /> Limit as pro��deti in the Credit Agreement. !t is the �n�ention of Trustor and Lender that#his Deed of Trust secures the
<br /> balance c�u#stanc�ing under the Credit Agreement�rom time#o time frvm zero up tv the Credit Limit as pro�ided in the
<br /> Credit Agreement and any intermed�ate�aalanGe.
<br /> Trus�or presently assigns t� Lender �a�sv knawn as B�ne�iciary in this Deed ofi Trus�) a11 0� Trustor's right, title, and
<br /> in�erest in and to a�i present and future feases af the Praperty and all Rents fram the Prvperty, ln additian, Trustor
<br /> grants�a Lender a lJn�form Commerc�ai Gode security interest in the Personal Praperty and Rents.
<br /> TH15 DEED QF TRUST, INCLIlDING THE ASSIGNMENT UF RENTS AND THE SE�URITY INTEREST IN THE RENTS AND
<br /> PERS�NAL PR�PERTY, 15 GIVEN T4 SECURE tA} PAYMENT ❑F THE 1NDEBTEDNESS AND �B� PERF�RMAN�E QF
<br /> EACH ❑F TRUST[3R"S AGREEMENTS AND �BLI�ATI�NS UNDER THE CREDIT AGREEiVIENT, THE RELATED
<br /> DD�UiIIlENTS. �ND THIS DEED QF TRUST. THIS DEED �F TRUST IS �IVEN AND ACCEPTED ❑N THE F�LL4WING
<br /> TERNiS:
<br /> PAYMENT AND PERFDRMANCE. Except as otherwise prQ�id�d in this Deed af Trust, Trustor shall pay to Lender a[!
<br /> amvunts secure�l by �his Deed of Trust as �hey become due, and shall strictly and in a tim�ly manner p�rform al� af
<br /> Trustvr's ohligations under the Credit Agr�emen�t, this De�d ofi Trust, and the Related DoGum�nts.
<br /> P�55E5S��N AN❑ MAINTENANCE �F THE PRaPERTY. Trustor agrees that Trustvr's possession and use o� the
<br /> Property shall be gv�erned �y th�fvllawing prv�isions:
<br /> Pvssession and Use, Llntif the v��urren�e of an E�ent �f Defaul�, Trus�or may �1� remain in p�ss�ssi�n and
<br /> con�rvl ❑fi the Property; {�} use, aperate❑r manage the Praper�y; and �3y �ollect�he Rents fram the Property.
<br /> ❑uty tv Niaintain. Trustar shall mainta�n the Property in good condi�tion and promptly perfvrm all repairs,
<br /> replacemen�s, and maintenance necessary to preser�e its�alue.
<br /> Compliance With Envirvnmen�al Laws. Trustvr represen�s and warrants to Lender that: ��� During �he perivd ❑f '
<br /> Trustar's o�rvnership of the Properfiy, there has heen no use, generation, manufacture, storage, treatment, disposal,
<br /> re�ease ar threatened release of any Hazardvus 5ubstan�e by any pers�n �n, under, about or from the Property;
<br /> {,�} Trustor has nv knvwledge ❑f, or reason to belie�e that there has been, �xcept as pre�iously disclased �v and
<br /> ackn�wledged by Lender in writing, �a� any breach ar �iolati�n a� any En�ironm�ntal Laws, tb} any use,
<br /> g�neratian, manu�Facture, storage, treatment, disposal, rel�ase ar threatened release vf any Hazardous Substance
<br /> �n, und�r, abaut or from the Prvperty by any prior vwners or v�cupants of the Property, or tcy any actual or
<br /> th�eatened fitigatian or c[aims �f any kind by any pers�n re�at�ng to such ma�ters; and �3f Exc�pt as pre�iously
<br /> disc�osed to and acknowledged by Lender in writing, �ay neither Trustvr nvr any tenant, contra�tor, agent or vther
<br /> authv�ized �ser of the Property shall use, generate, manufacture, stare, treat, dispvse o�or release any Hazardvus
<br /> Substan�e�n, under, ah�ut or from the Praperty; and �b} any such a�ti�ity shall E�e�anducted in cQmpiiance with
<br /> all appli�ab�e fiederai, state, and local laws, regulations and ardinances, in�luding withaut limita�i�n all
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