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<br /> WHEN RECDRDED MA1L T�:
<br /> Exchange Bank
<br /> G1 -A�len Dri�e Branch
<br /> 't��4 Atlen Dr
<br /> PD Box 5793
<br /> Grand Island, NE �88�� FQR REC�RDER`S USE❑NLY
<br /> DEED �F TRUST
<br /> THIS DEED �F TRUST is dated July �a, ��'1�, among Da�id J, Wetherilt; A Single Persan
<br /> �"Trustor"3; Exchange Bank, whose address is GI - Allen Dri�e Branch, 'I ZU4 A�len Dr, PD Box
<br /> 5793. Grand Island, NE 6880� �referred to below s�metimes as "Lenderrr and sometimes as
<br /> "'Beneficiary"}; and Exchang� Bank, whvse address is PC]B 7�D, �ibhon, NE 6884D �referred to
<br /> below as "Trustee"�.
<br /> GONVEYANCE AND GRANT. For vafuahle considera��vn, Trustar�vn►►eys ta Trustee in trust, W1TH P�VIIER aF SALE,
<br /> �or the benefit o� Lender as �eneficiary, all �� Trustor's r€ght, title, and in�erest in and �a th� #ollawing describ�d real
<br /> prvperty, tagether with all existing or subsequen�ly e�e�ted or a�fixed bui[dings, impro�ements and fixtur�s; all
<br /> easements, rights of way, and appur�enances; all wate�, water rights and ditch righ�s tincluding stack in u�ifit�es uvi�h
<br /> di�ch or irrigat�on rights}; and all other ri�hts, roya[ties, and pro�i�s relating ta the reai property, including without
<br /> limitatian all minerals, �il, gas, geotherma( and similar mat�ers, tthe `"Rea! Praperty"j Ivcated in Hall �ounty,
<br /> State of Nebraska:
<br /> Lot '19, Blo�k '15, Ashtan Place, an additivn tv tne City of Grand Island, Hall Cnunty.
<br /> Nebraska �
<br /> The Real Property or its address �s �vmmanly known as ��2� V11 Di�ision St, Grand Island. NE
<br /> �88�3. The Real Praperty tax identifi�atian numbe� is 4fl�[�'����4.
<br /> CRC�SS-C�LLATERALIZATIQN. In addition to the Note, �his ❑eed vf Trust secures at� obliga�ivns, debts and liabilities,
<br /> p�us inter�st�herean, ❑f Trustor�a Lender, or any ane or mare o#�hem, as well as a[[ claims by Lender aga�nst Trustor
<br /> or any �ne or more o�f them, whe�he� now existin� vr her�a�t�r arising, whether related or unrelated �❑ the purpvse of
<br /> �he Note, wh��h�r �vluntary ar o�herwise, whether due ar nvt due, dir�ct ar indi�ect, de��rmined or undetermined,
<br /> absolut� or c�nt�ngsnt, liquidated or unliquidated, whether Trus�or may be (iable indi�idually or jvin�ly with o�hers,
<br /> whe�her obligated as guarantor, surety, ac�ammoda�ion party ar oth�rwise, and whether re�o�ery upon such amounts
<br /> may he�r hereafter may become barred by any statu�e ofi�imitations, and ►nrheth�r the a#�ligatian tv repay such amounts
<br /> may be or hereafter may become otherwise unenforceabke.
<br /> FUTURE A�VANCES, In addi�ian to the Note, this Deed a�Trus�secures all futur� ad�ances made hy Lender to Trustor
<br /> whether or n�t �he ad�ances are made pursuant ta a cammitment. 5pe�ifically, withou� !im€tation, this D��d of Trust
<br /> secures, in addition �o the amounts specified in th� Note, all future amounts Lender in its discretian may loan ta
<br /> Trust�r, toge�her with all interest thereon.
<br /> Trustor presently assigns to �ender �also known as Bene�iciary in th�s ❑eed of Trust� all �f T�ustor's right, �itle, and
<br /> �n�erest in and to all presen� and future leases of �he Praper�y and all Rents from the Property. fn additian, Trustor
<br /> grants ta Lender a Uni�o�m Commercial �ode security infierest in the Personal Property and 1�ents.
<br /> TH15 aEE❑ OF TRUST. �NCLUDING THE ASS�GNMENT 4F RENTS AN❑THE SECURITY 1NTEREST IN THE RENTS AND
<br /> PERSDNAL �RDPERTY, IS GIVEN TQ SECURE �A� PAYMENT OF THE IN�EBTEDNESS AND �B� PERF�f�NtANCE �F
<br /> ANY AND ALL flBLl�AT��NS UNDER THE NOTE, THE RELATED DQCUN[ENTS. AND THlS DEE❑ �F TRUST. THIS
<br /> DEED �F TRUST 15 ClVEN AN�AGCEPTE� ❑N THE F�LLaW1NG TERMS:
<br /> PAYMENT AND PERF�RMANCE. Excep� as ❑therwise pro��ded in this Deed of Trust, Trust�r shall pay �o Lender al!
<br /> amounts secured by this Deed �f Trust as they become due, and shall strictly and in a timely manner perfarm all of
<br /> Trus��r's obligations und�r the Note, this Deed o�Trus�, and the Related Da�uments.
<br /> P[]SSESSIDN AND MAINTENANCE aF THE PR�PERTY, Trustor agrees tha� Trustor�5 poss�ssion and use vf �he
<br /> Property shall be go�erned by�he fo��owing provis�ons:
<br /> Possessivn and Use. Until the o�curren�e of an E�ent o� ❑efault, Trustar may �1} rema�n in possess�on and
<br /> control of the Property; ��� use, opera�e or manage the Praperty; and {3} collect the Rents fram the Praperty.
<br /> Duty to IVlaintain. Trustor shal[ maintain ths Proper�y in tenan�abke condition and promptly perform a�f repairs,
<br /> rep[acements, and maintenance necessary�o preser�e i�s�a�ue.
<br /> Compliance With En�ironmen�al Laws. Trustor represen�s and warrants fio Lender that: �1} During the period of
<br /> Trustor's �wnership�f the Property, there has be�n no use, g�neration, manufacture, storage, treatment, disp�sal,
<br /> release or threatened releas� vf any Hazardous 5uhstance by any person on, under, about or fr�m the Praperty;
<br /> �2} Trustor has no knawl�dg� af, or reason to be[�e�e tha� there has been, �x�ept as pre�iausly disclosed to and
<br /> acknowl�dg�d by Lend�r in writing, �a} any br�ach or �ivfation of any En�irvnmental Laws, �h} any use,
<br /> generation, manufacture, storag�, �reatment, disposal, release or threatened r�lease of any Hazardous 5ubs�ance
<br /> � on, under, about or �rom the Property by any prior �wners vr occupan�s of the Praperty, vr {�y any actual or
<br /> �hreatened �itiga�ion ar claims o� any kind hy any person rela�ing to such matters; and �3� Except as prs�iously
<br /> discl�sed to and acknowledged �y Lender in wri�ing, �a} neither Trus�or nor any tenan�, c�ntractor, agent or other
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