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<br /> WHEN REC�RDED NiAIL T�:
<br /> Exchange Bank �
<br /> G[-Allen Dri��Branch
<br /> 'i�04 Allen D�r
<br /> P4 Box 5793
<br /> . Grand island. NE 688�2„,...,,.,.,.._,_, ,_,,.,,,,,,,.,,,,,.,,._..,. �_�,�.,�.�,��.�..�_.���...��� ,_F�R REC�RDER'S,,,USE DNLY
<br /> CDNSTF�LJ�T�C]N DEED �F TRUST
<br /> THIS DEED �F TRUST IS A C�NSTRUGTIC3IV SECURITY AGREEMENT
<br /> WITH�N THE MEANING �F THE NEBRASKA C�NSTRU�TI�N LIEN ACT
<br /> THIS DEED [3F TRUST �s dated Nfarch 23. ��'1�, among The Guarantee Group, L.L.C.; a
<br /> Net�raska I�mited liability campany ��'Trustv�r"�: Exchange Bank, whas� address is Gl - Allen
<br /> Dr��e Branch, 'I�D4 Alien Dr, P� Box 57J3. Grand Is�and, NE 688D2 �referred tv �el�w
<br /> sametimes as "Lende�" and sometimes as "Benefic�ary"'�; and Ex�han�� Bank, whose address �s
<br /> P�B 7�D, �ibbon, NE 6854� 4referred to belaw as "Trustee"�.
<br /> CONVEYANCE AND GRANT. For valuabie considerat�on. Trusto�r conr►eys tv Trustee in trust. WITH PDWER �F SALE,
<br /> fvr the benefi� o# Lender as Benetic�ary, all of Trustor's ��gh�, ti�tle, and in�erest in and �o th� �ollvwing described real
<br /> proper#y, together wi�h al[ �xisting or subsequent(y erect�d or a#fixed buildings, impro�emen�s and �ixtures; a[�
<br /> easements, rights of way, and appurtenances; all water, water rights and ditch rights �including stock in uti�ities with
<br /> di�ch or irrigativn righ�s}; and all �ther rights, roya�ties, and profits rela�ing to the real property, incfuding without
<br /> limitati�n all minerals, oil, gas, geathermal and similar matters, �th� �`Real Praperty;'� Iacated in Ha�i ��unty.
<br /> State vf Nehraska:
<br /> Lot �ne 4��, Summerfield Estates N�nth 5ubdi��s�on, in the City af �rand Is�and, Hal!
<br /> Caunty, Nebraska.
<br /> The Real Prvperty ar its address is cammanly known as 3936 Chukar C��cle, Grand lsland, NE
<br /> �88�3. The Real Property tax identif�catian number is 4fl�'14996fl.
<br /> CRDSS-C�LLATERAL1ZATiQN. In additi�n to the Note, this Deed of T�ust secures alf ❑bligations, de��s and �iabifi�ies,
<br /> p�us interest thereon, of Trusto�t❑ Lender, or any one �r more of them, as well as all claims by Lender against Trus�or
<br /> or any ane vr more af them, whether now exis�ing or hereaf�er aris�ng, whether related or unre�ated �o the purpose of
<br /> �h� Note, whether �olun�ary or o�herw�se, whether due or not du�, direct or indirect, determined or undetermined,
<br /> absolute or contingent, �iqu�dated or unliqu�dated, whether Trusta� may be liab�e indi�idualfy vr jvintly with others,
<br /> whe�her obligated as guarantor, surety, accommvdat��n party or otherwis�, and wh�ther reco�ery upon such amounts
<br /> may be ar hereafter may became barred by any sta�ufie af limi�ations, and whether the ahligativn to repay suCh am�un�s
<br /> may be or hereafter may become otherwise unenforceabl�.
<br /> FUTURE A[]VANCES. ln addition to�he Nvfie, this De�d o�Trus'�se�ures all fu�ure ad�ances mad� by Lender t�Trustor
<br /> whe�her o� no� �he ad�ances are made pursuan� to a �vmmi�ment. S�ascificalfy, withou� limitation, this Deed o#Trust
<br /> secures, in addition to the amounts speci#ied in the Nate, all future amvun#s Lender in its discre�ivn may laan tv
<br /> Trus�or, tvge�her with all interes�thereon.
<br /> Trustor presentfy assigns ta Lender 4also known as geneficiary �n this Deed ❑� Trust� all o� Trustor's right, title, and
<br /> �n�erest in and to all present and future leases of the Prvper'�y and all Rents from the Pr�p�rty. In addition, Trustor
<br /> grants ta Lender a �niform Commercial Cade security interest in the Personal Prop�rty and Rents.
<br /> TH15 DEED �F TRUST, 1NCLUD�NC THE ASSIGNMENT DF RENTS AND THE SECUR�TY INTEREST IN THE RENTS AND
<br /> PERSDNAL PRflPERTY, 1S G1VEN Ta SECURE �A� PAYNtENT aF THE INDEBTEDNESS AN� �B� PERFDRMANCE �F
<br /> ANY AND ALL �BLI�ATI�NS UNDER THE N�TE. THE RELATED D�CUMENTS. AND THIS DEED OF TRUST. THIS
<br /> DEED DF TRUST IS GiVEN AN❑ACCEPTE❑�N THE FnLL�WING TERMS:
<br /> PAYMENT AN❑ PERF�RMANCE. Except as �therwise pro�ided in �his Deed af Trust, Trustor shall pay �o Lender all
<br /> amounts secured by this De�d of Trust as they bec�me due, and shall stri�tly and in a time{y manner per�arm all vf
<br /> Trus�vr's obligations under the No�e, th�s ❑eed vf Trust, and�he Related Documents.
<br /> C4NSTRUCTIqN M�RTGAGE. This Deed of Trust �s a "cons�ructiQn mor�gage" �or the purpases of 5ections 9-334
<br /> and �A-3�9 of the Uniform Commer�ia� Code, as thase sections have �een adopted by�he State o�Nebraska.
<br /> PQSSE�5IDN AND MAINTENAN�E �F THE PR�PERTY. Trus#vr agrees �hat Trustor's possession and use vf the
<br /> Proper�y shall be go�erned by the follvwing pro�isions:
<br /> Possession and Use. Unti� the v��urrence of an Event of Defauft, Trustor may �1� rema�n in pvssessi�n and
<br /> cvn�ro[of�he Property; �2� use, operate o�manage the Prvperty; and t3� collect the Rents fr�m the Property.
<br /> Duty to Main�ain. Trus�or shall maintain the Property in tenan�able condi�ion and prvmptly per�orm all repairs,
<br /> replacements, and main�enance necessary ta preser�e its�alue.
<br /> Compliance Wi�h En�iranmental Laws. Trustor represents and warrants to Lender that: t�� During the periad af
<br /> Trustor's vwnership of the Prop�rty, there has been nv use, genera�ion, manufacture, starage, treatment, disposal,
<br /> release or th�-eat�ned �eleas� o� any Hazard�us Substan�e by any persan on, under, abau� or fram the Property;
<br /> ��} Trustor has no knowledge of, vr reason ta belieue that there has been, except as pre�iously disclosed �o and
<br /> ��;
<br />
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