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<br /> �IIHEN REC�R[3ED MAfL T�:
<br /> Exchange Bank �
<br /> G��A��en ❑r��e �ran�h
<br /> '!��4 A!!en �r
<br /> P❑ gox 5793
<br /> Grand�sland. NE 58HD2 FOR RECDRDER'S U5E�NLY
<br /> DEED �F TRUST
<br /> TH[S DE�D �F TRUST �s dated Jun� �3, 2��6, amang Dougia� Jones, A Sing�e Rerson;
<br /> ��Trus�arT'�; Exchange Bank, whose address �s �1 - Aijen Dr��e Bran�h� �2�4 Allen Dr� P� B��c
<br /> 5793. Grand ls�and, NE 68�D�. �referred tv beIow svmetimes as "Lenderrr and sometimes as
<br /> "BenefiGiary"�; and �xchange Bank, whose address is P� B�x 3�7, Kea�ney, NE �854$
<br /> treferred ta helvw as "Truste�T`}.
<br /> CaNVEYANCE AN❑ GRANT. For va�uab�e �onsiderativn,Trus#vr can�eys to Trustee in trust, W�TH P�WER ❑F SALE,
<br /> for the benefit af Lender as geneficiary, al� q�T��,1StD�'S right, �it�e, and inte�-es� tn and �n �he fatlow�ng described read
<br /> prapertyf �age�h�r w�th ajI existing or sub�equently erec�sd or a�fixed buiIdings, impro�ements and fixtures; all
<br /> easemen�s, righ�s af way, and appurtenances; aII wa�ker, wa�er righfs and di�ch righ�s {including stock in utiliti�s with
<br /> dit�h or irriga�ion righ�ts}; and a1I other rights, rayalties, and profits rela�ing �o the real propertyf inc�uding withou�
<br /> ��mitation aII minerals, ❑il, gas, geothermar and simi�ar matters, �th� "Rea! Pro�erty"} �ocated �n Ha!! �ounty,
<br /> 5tate vf Nebraska:
<br /> L�t Twenty Fi�� �25}� Villa Mar Dee �ubdivision, HaII Cvunty, Nebraska
<br /> The Rea� Praperty �t� its address is commvnly known as ��� Viila Mar Dee Avenue, �r`and
<br /> lslandr NE �88�'1. The Real Prvperty tax identification number is 4����354�.
<br /> REVDLViNG LINE �F CRED�T. This Deed of Trust secures the tndebtedness tnc�udin�r withnut �€m�tatian, a revo�ving
<br /> line ❑f�redi�,whi�h ohligates Lender to make ad�anGes t❑Trustor sv iong as Trustar complies with all the terms of the
<br /> Credif Agreemenfi. Such advances may b� made, repa'rd, and remade from time to time, subject to the limitat�on that
<br /> the �ota1 vutstanding balance owing at any vne time, nvt in�luding finan�e charges on such ba�ance at a fixed v�
<br /> �ariah�e r`ate or` sum as provided in t�te Gredit Agreement, any �emporary ove�ages, ather chargesr and any amaunts
<br /> expended ❑r ad�anced as provided in eith�r the Indebtedness paragraph or fihis paragraphr shaIi nat exceed the Credit
<br /> Limi�as pravided in the Credit Agreemen�. 1�is the intentian of Trustar and Lender that this Deed of Trust secures the
<br /> balance ❑utstanding under the Credit Agreement frvm time to time from zer� up to the Credit Limit as pro�ided �n�he
<br /> Credit�4greement and any intermediate halance.
<br /> Trustor presen�ly assigns to Lender �a�s❑ known as Beneficiary in this Deed af Trust} all of Trus�or's righ�, title� and
<br /> in�eres� in and t❑ aII present and fu�ure leases of the Property and all Ren�ts �rom �he Property. �n additi�n, Trustor
<br /> grants to L�nder-a Uniform Commer�ial Cade security in�e�est in fhe Personal Property and Ren�s.
<br /> TH1S ❑EE❑ nF TRUST, iNCLUDING THE ASStGNMENT�F RENTS AND THE SECURITY iNTEREST�N THE RENTS AN❑
<br /> PERSONAL PRDPERTY, �S CIVEN T� SECURE �A} PAYMENT �F THE INDEBTEDNESS Arli� �B} PERF�RMANCE ❑F
<br /> EACH �F TRUST�R'S AGREEMENTS AND �BLIGATIDNS UN�ER THE �REDIT AGREEMENTr THE RELATED
<br /> D�CUMENTSr ANI] TH�S DEED DF TRUST. THIS ❑EE[� aF TF�UST 1S G�VEN AND ACCEPTEI3 �N THE F�LL�W�NG
<br /> TERMS: �
<br /> PAYMENT AND PERF�RMANCE. Ex�ept as ❑�herwis� provid�d in �his ��ed o�Trus�r Trust�r shali pay t� Lender all
<br /> amoun�s secured b� this Deed of Trus� as they become due, and shall strictjy and in a timeIy manner per�form al� of
<br /> Trustar's obi�gations under the Credif Agreement�this ❑eed af Trus�, and the Related D�cuments.
<br /> P�SSE55i�N AN❑ MA�NTENAN�E �F THE PRDPERTY. Trus�or agrees tha� Trusfor`s possessi�n and use o� the
<br /> Property shal! be ga�erned by�he fo�lowing pro�rsians:
<br /> Passess�an and L]se. Un�il the occurrence of an E��nt of ❑efauf�, Trus�or may ��} remain in passession and
<br /> cantroi o�the Praperty, f�} use, ❑pera�e or manage the Properkyf and �3} �ollect�h� Rents from th� Property.
<br /> Duty to Maintain. Trus�a� shall maintain the Praperty in goad cvndi�ion and promptiy perfarm all repairs,
<br /> replacements� and mainten�n�e necessary t❑ preser�e��s value,
<br /> �ampliance Wrth Environmental Laws. Trusfiar represenfs and warran�s �❑ Lender that: {'1} ❑uring the period of
<br /> Trustar's ownership of�he Property, �here has been na use, generafiion, manufiac�ure, storage, �reatm�n�, d�sposal,
<br /> releas� �r�hrea��ned release o�any Hazardous 5ubs�ance by any persan on, under, abaut �r from the Property;
<br /> {2} Trustor has n❑ knvw[edg� of, or reasan �❑ �eiieve #�af t�ere €�as been, ex�ept as previaus�y a�isctosed t� and
<br /> acknowledged by Lender in writing, {a} any breac� or �iolation o� any En�ironmentaI Laws, {b} any use�
<br /> genera�ionr manufactur�, s�orage� �r�atmen�r disp�saI, reIea�e or threa�ened re(ease of any Hazardaus Substance
<br /> on, under, abaut ar �ram the Prap�rty by any prior vwners or o�cupants of �he Properryf or �c� any a��uad nr
<br /> threafened (itigation or cIaims of any kind by any person rela��ng ta such mattersi and {3� Except as prevtously
<br /> disciosed fia and ackn�wiedged by Lender in wrifiing, �a7 nei�her Trus�or nor any tenan�t, cantra��or, agent or other
<br /> au�hori�ed user of the Prapert�shall usef gen�ra�ef manufacture, s�ar�, �reat, dispose of or release any Hazardaus
<br /> Subs�anGe on, under, abouf❑r from fihe Prapertyi and {by any such activity shaij he �onduct�d in compliance with
<br /> a�! appiiGable federa�, state, and locat �avvs, regutations and ordinances, inctuding vvithout lim�ta�i�n a��
<br /> En�ironmental Law�. T�ustor authorizes Lender and its ag�nts to ente�- upon the Pr�perty �o make such
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