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<br /> VIIHEN REC�RDED IVIAIL T�:
<br /> Exchange Bank
<br /> GI -All�n Dr��e Branch
<br /> 'I ZQ4 Allen Dr
<br /> P� Box 57�3
<br /> Crand �sland, NE 688�� FOR RE��RDER'S LJSE ONLY
<br /> DEED DF TRU�T
<br /> THIS DEED �F TRUST is dated IVlarch �4, 2D�6, among Christopher T. Daake, and Daniel�e M.
<br /> Daake, Husband and Wife, whvse address is 4�'I 5 Cal�in Dr, Grand lsland, NE 688C�'I;
<br /> t"Trustor"�: Exchang� Bank, whose addr�ss is G I � Alfen Dri�� Brancn. 'I 2�4 A��en Dr. PD Box
<br /> 5793. Grand island. NE 688�2 �referred to below sametimes as "Lender" and sometimes as
<br /> "Beneficiary"j; and Exchange Bank, whose addresS is P� Box 397. Kearney, NE �8848
<br /> �referred to be�ow as "Trustee"�.
<br /> C�NVEYANCE AND GRANT. For �aluable cvns�dera#ion, Trustar con�eys to Trustee in trus#, W�TH PqVIIER �F SALE,
<br /> #vr the benefit af Lender as Benefi�iary, all of Trustvr's right, title, and int�r�st in and to the following descrihed rea�
<br /> property, tage�her wi�h all exis�ing or subs��uently erec�ed or a##�xed buifdings, imprv�ements and fixtures; all
<br /> easements, rights vf way, and appurtenances; all water, water rights and ditch rights �including stQck in uti�ities wi�h
<br /> ditch ar irrigation rights�; and all other rights, royalti�s, and p�vfits relating to the real property, includin� without
<br /> limitativn all min�rafs, ail, gas, geotherma� and similar matters, �the "Real Property"� Iocated in Hall Cvunty,
<br /> 5tate af Nebraska:
<br /> Lot Eight �8�, Lake Da�is Acres Second 5uhd�vis�on, Hall Gounty. Nehraska.
<br /> Tne Real Property or its address is cvmmvn�y known as 4�'i 5 Calvin Dr. �rand Island, NE
<br /> �58��. The Real Property tax identificatian numher is 4�� �'I 2 722.
<br /> REVaLV�NG LiNE OF CRE�1T. This ❑eed af Trus� secures the lndehtedness in��uding, without I�m�tation, a re�o�►►ing
<br /> I�ne vf cr�dit, which vbligates Lender�o make ad►rances to Trustor sa iong as Trustvr camplies with all the#e�ms of the
<br /> Credi�fi Agreement. Such advan�es may b� made, repaid. and remade from time to time, suhject tv the iimitativn that
<br /> the tota� outstanding balance owing a# any one time. not including finan�e charges on such balance at a �fixed or
<br /> �ariable rate or sum as pra��ded in the Credit Agreemen#, any temporary a�erages, other charges, and any amaunts
<br /> expended or ad�an�ed as prvrrided in ei�her the indebtedness paragraph or this paragraph, shall nv� ex�eed the Credit
<br /> Limit as pro�ided in the Credi#Agreement. It is the intention o�Trustvr and Lender that#his ❑eed of Trus#se�ures the
<br /> balance vuts�and�ng under#he �redit Agreemen#from time to time from zerv up to ths Credit Limit as provided in the
<br /> Credit Agre�ment and any in�errnediate balance.
<br /> Trustvr presently assigns �o Lender talsv known as Bene#iciary in this ❑eed o# T�ust� al1 �� TCk.lStOfrS right, title, and
<br /> interest in and t� all present and future leases of the Property and all R�nts ��vm the Property. 1n addition, Trus�or
<br /> grants ta Lender a Un�form Cvrrtmercial Code security int�rest in the Personal Praperty and Rents.
<br /> TH1S DEE❑�F TRUST, INCLUDING THE ASSIGNMENT�F RENTS AND THE SECUR�TY INTEREST IN THE RENTS AND
<br /> PERS�NAL PROPERTY, IS GIVEN TD SE�URE {Aj PAYMENT qF THE �NDEBTEDNESS AND �B� PERF�RMANCE �F
<br /> EACH t]F TRUST�R`5 AGREEMENTS ANO �BLiGAT��NS UNDER THE CREDIT AGREEMENT, THE RELATED
<br /> D�CUMEIVTS, AN❑ THIS DEED OF TRIJST. THIS DEED QF TRUST IS GIVEN AND ACCEPTED QN THE FOLL�WING
<br /> TERMS:
<br /> PAYMENT AND PERF�RMANCE. Except as vtherwise pro�ided in �his Deed af Trust, Trust�r shall pay to Lender ali
<br /> amounts secured by this Deed of Trus� as �hey become due, and shall s�rictly and in a timely manner perform afl o�
<br /> Trust�r's abligativns under the Cr�di�Agreement, this ❑eed vf Trust, and the Related ❑ocumen�s.
<br /> PDSSESS��N AND MAINTENANCE C]F THE PRQPERTY. Trustor agrees tha# Trustor's passession and use of the
<br /> Property shall be go�erned �y the following pra�is�ons:
<br /> Possession and Use. lJntil the o��urrenc� of an E�ent vf Detault, Trustvr may �1� remain in possession and
<br /> contrvl of the Property; t2} use, operate vr manag�the Property; and �3} collect th� Rents from the Property.
<br /> Duty to Maintain. Trustar shall maintain the Property in go�d condi�ion and promptly perf�rm all repa€rs,
<br /> replacements, and maintenance n�cessary t� preser�e its�alue.
<br /> Cvmplian�e W�th En�ironmen�a! Laws. Trustor represents and ►nrarran�s ta Lender that: ��� During the period o�
<br /> Trustor`s vwnership v�the Proper�y, there has been no use, generation, manufactur�, stvrage, treatmen�, dispQsal,
<br /> release or threatened release of any Haza�daus Substance by any persvn an, under, about or frarn the Property;
<br /> �23 Trusfior has no knowledge of, or r�asan to belie�e that there has been, except as pre�iously disclased to and
<br /> acknowledged by Lender in writing, �ai any breach or �iolation of any En�irvnmental Laws, �b� any use,
<br /> generation, manu�acture, s�vrage, treatment, disposal, re�ease vr threatened re�ease v# any Hazardaus Substance
<br /> on, under, about or frflm the Property by any prior owners ❑r accupants of the Property, ar tc3 any actual or
<br /> threatened litigation or claims af any kind by any person relating to such ma�t�rs; and �3y Ex��ept as pre�iously
<br /> disclased to and acknowledged by Lender in wri�ing, �ay n�ither Trus�or nvr any tenant, �vntractvr, agent or ather
<br /> authori�ed user of the Praperty shal� use, generate, manufacture, store, treat, dispvse of or re[ease any Hazardaus
<br /> 5ubstance on, under, abou�or�rom the Proper�y; and �bj any such ac�i�ity shalf be conducted in compliance with
<br /> all applicable fed�ral, s�ate, and local laws, regu[ations and ❑rdinances, including without limitat�on all
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