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2� 1 ��3�88
<br /> WHEIV RE��RDED MAIL T�:
<br /> Ex�hBnge Bank
<br /> �it�ban B�rSnch
<br /> 14 LaBarr�Street
<br /> P� Bax 760
<br /> Gibb�n NE �88�� FQR REC�RDER'S USE�NLY
<br /> DEED �F TRUST
<br /> THIS aEEa �F TRUST is �lat��l Jun� 'l 5. ��'I�, among IVlichael A P�nowicz �nd Patri�ia� N!
<br /> Panawicz, Husban�! �nd Wife {"Trust�r"�; Ex�hange Bank. wh�s� addres� is Gib�aan Branch. 1�
<br /> LaBarr� Str�et. P� Box 7��, �ibb�n, NE 6884� tref�rred to below sometimes as "L�nder" �nd
<br /> sametimes �s "Beneficiary.,�; and Exchan�e Bank, wh�se �ddr�ss is R�B �6�, Gibbon, NE
<br /> �88�� �referred tQ ae�ow as "Trus�ee"}.
<br /> ��NVEYAN�E AND GRANT. For v�lueble cvnsideration, Trustor�anveys to Trustes in trust, WITH POWER �F $ALE.
<br /> for tha benefit af L�ndar as Bene�i�iary, all of Trustar's rig�t, title, and interest in and to the �ollowing des�ribed r�a�
<br /> property, iogether wEth all existing or subsequently erec�ed ar artfixed buildings, improvem�nts and f�xtures; al�
<br /> easements, rights af w�y, and appurtenances; all w�ter, w��er �ights and ditch right$ {in�luding �tack in utilities with
<br /> di#ch or irrigatian right$�; and ai! �t�rer rights, royalties, an�f praf+ts relating ta th� real property, inGluding withaut
<br /> limitati�n a�l miner�ls, ail, gas, geothermal and similar matt�rsr {the "Real Propert�"j I���ted in Hall �ounty,
<br /> State of Nebraska:
<br /> The a�uth Half of the Northwsst �uart�r tS'�!� N1N 114f and th� Nor�th H�if af the
<br /> S�u#hwest �uarter tNl� SV11'I 14) �f ��ction Elev�n �'I'1� in Township Tweive {��y North.
<br /> Range Elev�n {11 j Vllest af the �th �.I�A., Hall Caunty, Nebraska.
<br /> The Real Property or its address is �omm�nly knawn as Rurai H�il County, NE, The R�al
<br /> P�aperty tax identificat�an n�m�er is 4D�7 9Q4a 1.
<br /> CR�SS-��LLATERALIZATlON. In a�dd�t�an to the Note. this aeed af Trust secures all oblig�tians, debts and liabilities�
<br /> plus interest thereon, of Trustor to Lender, or any vne o� mare af them, as well as all claims by Lender against Trustar
<br /> ❑r any one or mQre �f them, wh�ther now existing or hereafter arising, whether related or unre�ated to thQ purpose af
<br /> the Note, whether �aluntary or otherwise, wheth�r due or not dus, direct or indirect, determined or und�termined,
<br /> absalute or can#ingenr, liqu�dated ar unliqu+d�ated, whether Trustor may be liable ;ndividually o� jointly with oth�rs,
<br /> wh�ther Qbligated as �uarant�r, suraty, accammadation party or�therwise. and whether r��overy up��r �uch amvunt�
<br /> may b��r herea#ter may bscome�ar�ed by any$t�tute af limit�tfvns, and whether th���ligation to repay such amounts
<br /> may ��Qr hereafter may b�come otherwise unenfar�eable.
<br /> FUTUF�E ADVANGES. In additian t�the Nvte,this Deed af Trust secures all#uture ad�ances made by Lender to Trustor
<br /> whether or not th� advances ar� made pursuant to a c4mmitment. SpecificaEly, without limitation, this Deed of Trust
<br /> s�cures, in addition ta the amoun#s speciiied in the Note, all future am�unts Lender in its discr�tian may Ioan to
<br /> Trustor, to�ether with el�int�rest ther�an.
<br /> Trustor pres�ntly assigns ta Lender (alsa known as Ben�ficiary in this Deed of T'�usty all Qf TrUstor's right, title, and
<br /> interest �n and tv al� preser�t an� future leasss of the Prv�erty and ail R�nts from the Praperty. In addi�ian, Trustar
<br /> gra�nts to Lende�a Unifnrm Cvmmercial Code s��Urity inter�st in the Pe�sonal Pr�perty and Rents.
<br /> THIS DEE�OF TAUST, IN�LUDINC THE ASSiGNMENT�F RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PEF�SONAL PR�PERTY, IS �IVEN T� SECURE �A] PAYMENT �F THE INDEBTEDNESS AND {Bf PERF�RMANCE �F
<br /> ANY AN� ALL ��LIGATI�NS UNDER THE IV�TE, THE RELATED DOCUMENTS, AND THIS DEED �F TRUST. THIS
<br /> DEED OF TRUST iS CIVEN AND A��EPTED�f�THE F�LL�WING T�RMS:
<br /> PAYIIIfE1VT AND PERF�RMANCE. Exc�pt as �therwise pr�vided in this �eed of Trust, Trustor shalt pay to Lender all
<br /> amounts s8cured by this aeed af Trust as they ae�ome due, and sha�� strictly and in a tim�ly manner perf�rm all af
<br /> Trustor's obligatic�ns und�r the IVat�, this Deed of Trust, and the Related Documents.
<br /> PO�SE�SI�N AND MAINTENANCE �F THE �R�PERTY. Trustor agrees that Trustar's passsssion and use of the
<br /> P�opert�shall he gor�erned by th�following pra�isians:
<br /> Passessian and Use. UntiE the occurrence o� an Event of DQfault, Trust�r may �1� remain in possession and
<br /> C�ntrol of the Property; ��y use, operate ar manage th� Property: and �3� collect the Rents from the Propert�.
<br /> Duty t� Maintain. Trustor shail maintain #he Praperty in t�nantable conditivn and promptly perf�rm all repairs,
<br /> replacements, �n� maintenance n�cessary ta preserve its�alue.
<br /> CQmplianCe VlFith Enyiranmental Laws. Trust�r represents and warrants ta Len�er that: �1} During the period of
<br /> Trustar's own�rship ai the Praperty, the�e has heen na use, generation, manuiacture, storage, treatment, disposal,
<br /> rele�se or threatened re�ease of any Haz�rdaus Substance by any persvn on, under, ab4ut ar fram the Property;
<br /> {�j T�ustar has n� kn�wledge of, or reasan t� belie�re that there has b�en, except as previously disclased tv and
<br /> acknawled�ed �y Lend�r in writing, �a� any breach or vi�l��tian af any En�irvnmental Laws, tb} any Use.
<br /> g�nsratian, mai•�ufacture, s�orsge, tr�atment. disposat, relea�e or threatened rele��e of �ny Hazardous SUbstance
<br /> an, untler, abaut ar from the Property by any pri�r �wners ar aGcupants �f the Property, ar [c� any actual or
<br /> thr�atened I+t+gation or e�aims ot �ny kind �� any persan relating ta su�h matters; anc� {�� Except as pre�i�usly
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