|
rn
<br /> m � � �
<br /> rnm � y rn
<br /> o �� � � �rn � rn
<br /> a� �o rn � �C p �
<br /> o �z � C Z� � �
<br /> o �c� � r �z �7 cn
<br /> oO°o C,�j� � � �rn � Z
<br /> �
<br /> �� � �� � �
<br /> rnm rn � _� � �
<br /> c� o � y cn oo �
<br /> �� CI] r� �
<br /> �� � rn
<br /> �� � ��
<br /> p� C.�l � �
<br /> � � Z
<br /> �
<br /> VI�HEN �E���DE� MA�L T�:
<br /> Exchange Bank
<br /> GI-Allsn Dr�ve Bran�h
<br /> '!��4 Al�e�t D�
<br /> PD Box 5793
<br /> �rand Is�and, NE 688�2 F�R RE��RDERrS USE�NLY
<br /> vEE� �F TRusT
<br /> THiS ❑EED �F TR[J5T is dated June �7, ��'I S, am�ng Ryan Steffen and Michelle St�fF�n,
<br /> Hus#aand and V1Jife; �T'Trustar"}; Exchang� Bank, whose address is �[ -- A!!en Qrive g�anch,
<br /> 'l��4 A[len Dr, P❑ Bax 579�, Grand lsland, NE ��8�2 �referred to heIow sometimes as
<br /> "Lender" and sometim�s as "Beneficiaryr'}; and Exchange Bank, whvse address is P� Bax �97,
<br /> �earney. NE 68848 treferred tv below as "TrusteeT'},
<br /> CDNVEYANCE AND GRANT. Far valuable cansiderati�n,Trustor conveys tv Trustee in trust, WITH PaWER ❑F SALE,
<br /> for the bene�fit o� Lender as �eneficiary� all afi Trustor's right, �itje, and interest in and to the fallowing described real
<br /> properky, tage�her with aII exis-king or subsequently erected or affixed buiidings, impro�ements and fixtures; a!I
<br /> easemen�s, rights of wayf and appurfenances; aii water� wa��r rights and di�ch rights {in�Iuding s�ack in utilities with
<br /> ditch or irriga�ion rights}; and a11 o-ther rights, royal�iesr and prof�ts relating to the reaI proper�Cy, inciuding without
<br /> limi�a�ion aii mine�-alsr oilf gaS� geothermaI and similar ma��ersr �th� "Rea� Prvperty"� lo�at�d in Hall Gvunty,
<br /> Stat� af Nehraska:
<br /> Pa�cel 'I: Part of the Nartheast Quarter vf the Sautheast �uarter �NE 714SE�14� af Se�tion
<br /> Th�rteen �'!3}, �n Township E�sven �"l'13 No�th, Rang�Ten �'��}, VIlest Qf th� �th P.M., in Ha[I
<br /> �vunty, Nebraska more particularly described �n Vlrar�anty Deed recardsd as [3vcument No.
<br /> ��'1 D�'�4��.
<br /> Pa�cel �: Part of the Nvrtheast Quart�r of the Southeast Quar��r �NE'i 14SF'i 14� Sectivn
<br /> Thi�~teen t'!3}, �n Taw�sh�p E�even f'!'1} N��th, Rangg Ten ����, West of the fit� P.M.r in H a�I
<br /> �ounty, Nebraska more particularly descr�b�d in Warranty De�d recorded as ❑o�ument Na;
<br /> ���6�179� excepting a tract mvre pa�t�Gu[arly descrihed in Warranty Deed recarded as
<br /> Do�ument Nv. 94-'I�S��4.
<br /> The Rea� Property ❑r its address �s �vmm�n[y knvwn as 4�� N Vllehb Road and ��6 N V1�ehb
<br /> F�oad, �rand [siand, NE 688�3. The Real Property tax identificatian number is 4��7 54��5 and
<br /> 4��'�a�'l 2�. �
<br /> REV�LVING LINE ❑F CRE�[T. This Deed vf Trust secures the indeh#edn�ss inciuding, withou� l�m�ta�ion, a revolving
<br /> �ine of credrt, which ❑bl�gates Lender to make ad�ances ta Trusfar so [ong as Trus�or compl"res with ali the terms of the
<br /> Credit Agre�men#. Such advances may be mader repaid, and remade frvm time to time, suhject t❑ �he �imitation th�t
<br /> the tot�l ❑u�standing halance owing at any one time, not including finance charge$ an such halanGe afi a fixed ar
<br /> �ariable rat� ❑r sum as pro�ided in the Credrt A�reement, any �empvrary overages� ❑�her charges, and .any amvunts
<br /> expended or advanced as provided in either fihe fndebtedness para�raph or�h�s paragraph� shafl not exceed the Credit
<br /> Lim�t as pro�ided in the Credit Agreement. lt is the intention ❑f Trustor and Lender that this �3eed of Trust seeures the
<br /> balanGe outstanding under�he Credif Ag�eem�ni�from time t❑time frvm zero up ta the Credit Limit�s pro�ided �n fhe
<br /> Credit Agreemenfi and any intermediate halance.
<br /> Tt-ustar p�esen�ly assigns ta Lende� {aisa known as Ber�e#iciary in this Deed of Trust} aii of Trustor's right, �itler and
<br /> in�erest in and to aII present and fiuture l�ases �f the Property and a�l Ren�s firom -�he Property. In addition, Trustor
<br /> grants tv Lender a Uniform Camm�rc�al Cade se�urity infieres�in�he Personal Property and Rents.
<br /> THlS DEED �F TRUST, 1NGLU�IN� THE ASS�GNMENT �F RENTS AN❑THE SECUR�TY 1NTEREST fN THE RENTS AN❑
<br /> PERS�NAL PR�PERTYx [S G�VEN TD S�CURE {A} PAYMENT �F THE iNDEBTEDNESS �4ND �B} PERF�RMANCE �F
<br /> EACH ❑F TRUSTaR'S AGREEN[ENTS ANa dBLl�ATI�N� l]N�]ER 1"HE CREDCT AGRE�MENT, THE F�ELATE�
<br /> F.]��UMENTS, AND TH�S DEE❑ QF TRUST. THlS DEED �F TRUST 1S GIVEN AN❑ ACCEPTE[] �N THE FDLLQWING
<br /> TERMS:
<br /> PAYME[�T AND PERF�RMA�IiCE. Except as otherwise pt��vid�d 3n �h�s Deed nf Trust, Trustar sk�al� pay to Lend�r all
<br /> amounts se�ured by �his ��ed of Trust as they become due, and shaII stri��ly and in a �imely manner perform all af
<br /> Trus�ar's❑bfiga�ion� under the Credi�Agreemen�r �his ❑ged af Trust, and the Related ❑o�uments.
<br /> PaSSESSjDN AND MA�NTENANCE �F THE PROPERTY, Tt'ustar ag�ees �ha� Trustor's possession and use of the
<br /> Property shaI� be ga�erned by the foIIowing pro�is�ons�
<br /> P�ssessian and Use. L1n�i! the occurrence of a� E��nt �f Default, T�usto� may {1] r�ma�n �n possession anci
<br /> con�rol of the Property; (2} use, opera�e or manage t��=� Property; and {3} ca!lect the Rents from the Property.
<br /> Duty ta Maintain. Trus�or shal� maintain �he Pro�.�rry in gaod cvndition and promp�Iy perform aII repairs,
<br /> repla�emen�s, and main�enanc�necessary to preserve ft��alue.
<br /> �
<br /> 4
<br />
|