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<br /> 'V�lHEN RECDRDED MAIL TD:
<br /> Ex�hange Bank
<br /> GI-►�ilen �ri�e Branch
<br /> 'i��4 Allen Dr
<br /> P� Box 5793
<br /> Grand Island, NE 688�� F�R RECDRDER'S USE DiVLY
<br /> ��NSTRU�T�DN DEED �F TRUST
<br /> THIS DEED �F TRUST 15 A �[]NSTRU�TI�N SECURITY AGREENtENT
<br /> V111THIN THE MEAN�NG �F THE NEBRASKA C�NSTRU�TIC]N LIEN A�T
<br /> THfS DEED []F TRUST is dated Fehruary �4, ��16, among IVlidwest Builders, fnc.: A Nebraska
<br /> �orporatian t"Trustor"�; Excnange Bank, whase address is Gt - Alien Dri►►e Branch. '1��4 Allen
<br /> Dr. PD Bax �793, Grand ls�and. N E �S�C]� �ref��red to be�aw sametimes as rr Lender" and
<br /> sometimes as "Beneficiary"�; and Exchange Bank, whase addr�ss is P�B 7��, Gibbon, NE
<br /> �884� �referred to belflw as "Trustee"�.
<br /> C�NVEYAN�E AiVD GRANT. For �aluab�e consideration, Trustor�on�eys to Trustee in trust. VIIITH P�]lNER DF SALE,
<br /> �or the henefi� vf Lender as Benefi�iary, a�� o� Trustor's right, ti�le, and interest in and �o the �ollvwing described real
<br /> proper#y, toge�her with all existing ❑r subsequently er�cted or affix�d buildings, impro�ements and fix�ures; a��
<br /> easements, rights o� way, and appur�enances; all water, water rights and ditch rights �inGluding stock in u�ilities with
<br /> di�ch or irrigation ri�hts�; and all o�her rights, royalties, and profits r��ating to the real proper�y, including w�thout
<br /> limitation a11 minerals, oil, gas, gea�herma� and similar matters, �th� "Rea� Property"y �ocated in Hai� �vunty,
<br /> 5tate of Nebraska:
<br /> Lot Fifty Fi►►e ta5�, LARUE Third 5ubdiWision, in the City of Grand Is�and, Ha�� �aunty,
<br /> Nebraska .
<br /> Tne Rea� Prflperty or its addr�ss is �ammanly known as 'I'i�� 5tanewo�d A�e, �rand fsland,
<br /> NE 688�3. The Real Property tax identificat�on number is 4��44(3�32.
<br /> CRfl55-C�LLATERALiZATI�N. in additian to �he No�e, this Deed o�Trust secures all ob�igations, debts and [iabilities,
<br /> plus interest therevn, of Trustor to Lender, vr any vne ❑r more of them, as well as all �fa�ms hy Lend�r against Trustor
<br /> or any vne or mvre of them, whether nvw existing or hereaf�er arising, whether rela�ed o� unrelated to the purpos� of
<br /> the Note, whether �olunta�y or otherwise, whether due vr not due, direct or �ndirect, det�rmined or undetermined,
<br /> abso�ute or cantingent, liquidated or unliquidated, whether Trustor may be liable indi�idually or j�intly with others,
<br /> wheth�r abligated as guaran�or, surety, accommodation party or otherwise, and whether reco�ery upon such amounts
<br /> may #�e or hereafter may became barred t�y any statute of limitations, and wh�ther�he obligation to repay such amaunts
<br /> may be or h�r�after may b�come otherwise unen�orceable.
<br /> FUTURE ADVANCES. In addition to the Note, this Deed ❑f Trust secures a!I�uture ad�ances made by Lender tv TrustQr
<br /> whe�her ❑r not the ad�ances are made pursuant to a commitment. Speci�ically, withoufi �imitation, this De�d vf Trust
<br /> secures, in addition to the amounts specified in the N�te, all fu�ure amounts Lend�r in i�s discretion may loan ta
<br /> Trustvr, together with all interest therevn.
<br /> Trustor pr�sently assigns �o Lender �also known as geneficia�y in �his De�d of Trust} all of Trustor's right, title, and
<br /> in�erest in and to af[ presen� and future leases o� the Property and all Rents from the Praperty, �n addition, Trustor
<br /> grants to Lender a Uni�arm Commercial Code security in�erest in the Personal Property and Ren�s.
<br /> TH�S DEE❑ �F TRUST, INCLUDING THE ASSIGNMENT ❑F RENTS AN�THE SE�URITY INTEREST tN THE RENTS AND
<br /> PERS4NAL PR�PERTY, IS ��VEN T� SE�URE {A� PAYM�NT �F THE INDEBTEDNESS AND �gy PERF�RMANCE �F
<br /> ANY AND ALL QBLIGATI�NS UNDER THE NDTE. THE RELATED D�CUMENTS, AND THIS DEED 4F TRUST. THlS
<br /> DEED DF TRUST, iNCLUDING THE A55�GNMENT �F RENTS AND THE SECURITY INTEREST �N THE RENTS AND
<br /> PERSDNAL PR�PERTY, �S ALSD GIVEN T❑ SECURE ANY AND ALL aF TRUST�R'S �BLIGATI�NS UNDER THAT
<br /> CERTA�N CDNSTRUCTI�N L�AN AGREENIENT BETWEEN TRUST�R AND LENDER QF EVEN DATE HEREWITH. ANY
<br /> EVENT DF DEFAULT UNQER THE CDNSTRUCTI�N L�AN AGREEMENT, �R ANY �F THE RELATED D�CUMENTS
<br /> REFERRED TD THEREtN, SHALL ALSfl BE AN EVENT �F DEFAULT UN17ER TH15 DEED QF TRUST. THIS DEE[� ❑F
<br /> TRUST iS GIVEN AND ACCEPTED�N THE F�L�QWING TERMS:
<br /> PAYMENT ANd PERFQRMANCE. Ex�ept as otherwise pra�ided in �h15 Deed of Trust, Trustor shall pay to Lender a��
<br /> amounts secured by this D�ed o�# Trust as they �ecome due, and sha�� stric�ly and in a timely manner perform a!! v�
<br /> Trustor's obligations under the Note, this Deed of Trust, and the Related ❑ocuments.
<br /> C�NSTRUGTI�N MQRTGAGE. This Deed vf Trust is a "construction martgage" far the purpos�s af 5ectians 9-334
<br /> and 2A-3Q9 of�he lJni�orm Commercial Cvde, as those secti�ns ha�e been adapted by the State o�Nebraska.
<br /> POSSESSION AND MAINTENANCE DF THE PR�PERTY. Trustor agrees that Trustor's possession and use �f the
<br /> Property shall be go�erned by the f�llawing prv�isions:
<br /> Pvssess�on and Use. LJn�il �he �ccurren�e of an E�ent of De�ault, Trustor may {1� remain in possession and
<br /> c�ntrol of the Property; ��� use, op�rate or manage the Prap�rty; and �3� callec�the Ren�s from the Praperty.
<br /> Duty tv Maintain. Trustor shall maintain the Praperty in tenantable eondition and promptly pe��orm all repairs,
<br /> replacements, and maintenance ne�essary�o preser���ts�alue.
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