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<br /> WHEN F�EC�RDED I�lIAIL T�:
<br /> Exchange Bank �
<br /> G�-AIIen❑rive Branch
<br /> '[Z�4 AIIen Dr
<br /> P� Bax 5793
<br /> Grand ls[and, NE 588Q2 F�R RECDRDER`S USE�NLY
<br /> DFEL7 �F T�UST
<br /> THIS DEED �F TRUST is dated Juiy 'I�. ��'l 6, among Steven D. �rafopp and Lynda �.
<br /> Gra��pp, Husband and 1Nife; as�oint tenants �r'Tru�fvr"�}; ExChange Bank, wh�se address is GI -
<br /> AIIen Drirre Branch, 'I��4 Allen Dr, P� Box 57�3, Grand Island, NE 688�2 ��eferred fo be�vw
<br /> sametimes as rrL�nder"` and sometimes as ttB�nef�Giary"}; and Ex�hange Bank, whose address �s
<br /> P� �ox 337, Kearrtey, NE �884$ {referr�d to beIow as T'Trustee"}.
<br /> ��NVEYANGE AND GRANT. F�r valuab�e consideration�Trus�ar con�eys f❑Trus�ee in trust� W[TH PflWER �F SALE,
<br /> for the banefif nf Lender as Benefciary, all of Trustar's right■ tit�e, and inte�-est in and to the �o�Iowing described rea�
<br /> property� �age�her with all exis��ng or subssquen�ly e�-ec�ed ar a�fixed buildings, improvemen�s and fi�c�uresf all
<br /> easements� rights of way, and appurtenances� a�� wafer, water righ�s and di�ch righ�s �including stock in u�iIities wj�h
<br /> di�ch ❑�r i�riga��an rights}; and a!� o�her �ights, royal�ies, and p�a�its reIating to �he real praperty, including wi�hout
<br /> iimi�a�ion all mineraIs, ail, gas� geo�hermal and simi�ar mat-ters, {the 'TReai Pr`operty'=} [ocated in H�II Cvunty,
<br /> S�afe vf N eb ras ka:
<br /> Lat � and the �outh 8.5 feet vf Lot 4, Biack I�, Park V�ew Subd�v�sion, lacated �n the
<br /> Nvrtheasf quarter vf Sec�ivn 29, and �he Nvrthwest quarter �f Sectivn ��, bath in
<br /> Township '�� Narth, Range 9 Vtilest of the 6tI� P.�Ili., HaII Caunty, Nebraska.
<br /> The Real Property vr �ts address is ��mmonIy known as 24'I2 Pi�neer Blvdr Grand lsland, NE
<br /> 6�SD'I. The Reai Property tax identification number �s 4���7�7 44.
<br /> REV�LVING LINE DF CREDIT. This Deed af Trust secur�s �he Indebtedness �nc�uding, wi�hout Iimitatian, a revoIving
<br /> Iine of credif,whicY� ❑bIiga#es Lender�a make advances to Trustar sa Iang as T�us�or�ompIies wi�h aIl the terms a�F the
<br /> Credi#Agreemenf, Such ad�an�es may be made� repaid, and remade fram �ime to time, sub�ec�to the Iimi�ation that
<br /> �he fofa� outstandin� baIance owing at any ane time, not incIud�ng financ� �harges ❑n such balance at a fixed or
<br /> variable rate or sum as pravided in the Credit Agreement, any femparary o�eragesr other chargesr and any amounts
<br /> � expended vr ad�anced as provided in either the Indeb�edness paragraph or this paragraphr sha1I nvt exceed the Gredit
<br /> Limit as pro�ided in the Gredit Agreemenf. It is fhe intentian of Trus�ar and Lender that this Dee�I ❑f Trust se�ures the
<br /> balance ❑utsf�nding under the Credit Agreement fram time to time from z�r❑ up to the Credit Limrt as pra�ided in the
<br /> Credit Agreement and any infermedia�e balance,
<br /> Trusto�- presen��y assigns f❑ Lender {a[s❑ knawn as Ben�ficiary in this Deed of Trust} ai� of T�-ustor's righ�, �i�l�, and
<br /> inferest in and to a�i p�-es�nt and future Isases o�F �he Property and all Rents fram �he Property. In addition, Trustar
<br /> gran�s�o L�nder a Uni�orm Commer��al �ode security Ent�resf in�he PersanaI Prvperfiy and Rents.
<br /> THIS DEEB QF TRUST, iNCLUDING�THE ASS�GNMENT �F RENTS AND THE SE�URITY iNTEREST �N THF RENTS A�IfD
<br /> PERS�NAL PR�PERTY, IS GIVEiIi T� SECURE �A} PAYMENT DF THE INDEBTE��IfESS AND {B} PERF�RMANGE �F
<br /> EACH ❑F TRUST�R'S AGREEMENTS AND aBLIGATIQNS Uili17ER THE CREI��T AGREEMENTr THE RELATED
<br /> DOGUMENTS, AND TH15 D�ED OF TRUST. THIS DEED �F TRUST �S GIVEN AND ACCEPTED QN THE F�LLnWiNG
<br /> TERMS;
<br /> PAYMENT AND PERF�RMANCE. Excep� as otherwis� pra�ided in this Deed ❑f TrUstr Trustor shall pay to Lender all
<br /> amaunts secured hy �his De�d of Trust as �hey become due, and sha11 sfrictly and in a timeIy manne�- perForm a-Il ❑f
<br /> Trus�or's ab�iga�ians under the C�-edit Agreement,this Deed af Trust, and the Rela�ed Documents.
<br /> P�5SE55I�N AND MAINTENA�It�E �F THE PR�PERTY. Trus�or agr�es that Trustor'� possession and use o� the
<br /> Properry sha11 be go�erned by the�Foiiowing provisions:
<br /> Possess�an and Use. UntiI �he occurrence o� an E�ent o� DefauIt, Trusfnr may ('I} rsmain in possession and
<br /> controI ❑f�he Properry; �2� use, operate ar manage the Property; and {3} cajlect the Ren�s from the Properry.
<br /> Du�y tv Main�ain. Trustor- shall maEn�ain the Property in good condition and prnmptly p�t-form aff repairs, .
<br /> repIacements, and main�enance necessary fo preserr�e i�s�alue. �
<br /> .
<br /> Campliance With Environment�2 Laws. Trusfior represen�s and warrants to Lender�hat: {'�} During the �eriod of
<br /> Trustar's ownership o��he Prvperty,there has been no use, genera�ion, manufacture, storage*trea�ment, dispo�al.
<br /> release ar�ht'eatened release vf any Hazardaus Subsfance by any persan vn� under, abaut or from the Praperty;
<br />; {2� Trustor has no knowledge o-F, or reasan�Q belze�e�ha�ther� has been, excep�as pre�iausly discio�ed to and
<br /> acknowledged by Lender in wri�ing, {a} any b�ea�h or �iola�ian of any En��ronmental Lawsr �b} any use,
<br /> genera�ion, nnanufac�ure, storage, treatment, disposalf release ar�hrea�ened release of any�Hazardau� Subs�ance
<br /> � on, unde�-, about or �rom the Pr�perty by any prior owners or� occupants of the Praperty, ❑r ��� any ac�ua� ❑r
<br /> �hrea�ened litiga�ion or claims af any kind by any persan reIating �❑ such mat�ars; and {3} Excep� as p�e�iously
<br /> d"rsc�osed to and acknaw�edged by Lender in writing, �a} n�ither Trustar nor any tenant, �on�rac�orr agent ar❑�her
<br /> authori�ed user❑�the Praperty shal[ use, gener-ate� manu�acture, sto�e��rea�r d�spase of❑r release any Hazardous
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