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<br /> 1NHEN REG�RDED N[AIL T�:
<br /> Exchange Bank
<br /> G1--A�ien Dri�e Branch
<br /> '�204 Ailen Dr
<br /> P� Box 5793
<br /> �rand �siand, NE �88Q2 � .__ _ . .., F�R REC�ftaER'S U5E�NLY
<br /> DEED �F TRUST
<br /> THIS L7EED DF TRUST is da�ed �u�y ��, 2D'��, among Michael �, �llloodis and LYndsay D.
<br /> Wvodis, Husband and Wife; as �oint tenants �T'TrUst�r"}, Ex�hange Bank, whase address is Gt -
<br /> A[ien Qrive 6ranch, 1��4 A[[en Dr, P� Bax 5733, Grand fs[and, NE 688�� �referred tv beiornr
<br /> sometim�� as "Lender" and sometimes as "Benefic�ary"}; and Ex�hange gank� who�e address is
<br /> P� Box 397, Kearney, NE 68�45 �ref�rred to beIow as 'rTrustee"}.
<br /> CDNVEYANCE AND GRANT. For valuable cansideration,Trustor cvn�eys to Trustee in�rust,WITH PDWER DF SALE,
<br /> for the benefit of Lender as Benefciary, all o�Trustar;s righ�� title, and in�erest in and tv the fo�lvwing described real
<br /> proper�y, fnge#her wi�h aII exis�ing or subsequently erected or a#-fixed bu�Idings, impro�emen�s and �ixtur-es; all
<br /> easements, rights v�F way, and appurtenan�es; all water, wa�er- rights and ditch righ�s {inciuding stock in u�i�ifies with
<br /> ditch ❑� irrigation rights}; and aiI othe� rights� rayai�ies� and profits rela�ing �❑ the real property� inc�uding wi�hou�
<br /> limitation alt minerals, oil, gas, geathermal and similar mat-te�s� �the `r Real Prop�rty'�} Io�a�ed '[n Hall Gaunty,
<br /> S�a�e of Nebraska:
<br /> Lvt 'I5r Westwood Park Fvurth Subdivision in fhe City ❑f Grand [siand, Ha[[ County,
<br /> � �ebraska. �
<br /> The Rea� Property ❑r its address is Gommon�y known as 4'�34 1!�! Faidley Avenue, Grand �s�and,
<br /> 11iF 6�8D3. The Real Property tax �dentificativn num�aer is 4D�39����,
<br /> R�V�LV�NG LINE nF CREDIT. This Deed vf Trust secures the Indebtedness inciudingr withouf Iimita�ion, a revaI�ing
<br /> �ine ❑f credit, which vbiigates Lender�o make advan�es to Trustor so Iong as Trusfor�omplias wifi.h a11 the terms of the
<br /> Credit Agreement. Su�h advan�es may be made, repaid, and remade from fime t❑tim�� subje�t ta the Iimitation that
<br /> the total oufstanding bajance owing at any one time, nvt incIuding finance charges vn such baIance at a fxed ar
<br /> variable rafe or sum as prav�ded in �h� Credit Agreement, any temporary o��ragesr o#her charges, and any amounts
<br /> expended or ad�an�ed a� provided in ei#her'the jndebfedness paragraph or this paragraph, shal� not exceed the Credit
<br /> Limit as pravided in the Gredit Agreement. It is the intention af Trustor and Lendar that this Deed of Trust secures the
<br /> balance vufs�anding under tha Credif Agreement from�ime to time from zera up �o tha Credit Limit a� provided in t�e
<br /> Credit Agreamen�and any int�rmediata ba�ance.
<br /> Trustvr presentIy assigns �o Lender {aiso known as Beneficiary in this aeed n�Trust} all of Trustar's righ�, �i�Ie, and
<br /> in�erest in and to all presen� and futur� ieases af the Property and aij F�ents firom �h� Property, ln addition, Trus�or
<br /> grants�❑ Lender a Unifo�m Commercial Code securify interes�in the PersonaI P�operty and Ren�s.
<br /> TH1S DEED �F TRUST, INCLUDING THE ASS�GNMENT DF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERS�NAL PR�PERTY, 1S G[VEN T� SEGURE �A] PAYMENT �F THE INDEBTEDNESS A�l[D {g} PERFQRMA11lGE �F
<br /> EAGH ❑F TRUST�R'S AGREEMENTS AN❑ ❑BLIGATI�NS lJNOER THE CRED�T AGREEMENT, THE RELATEI]
<br /> DOGUMENTSf AND THIS DEE� QF TRUST, TH[S DEED �F TRUST IS GEVEN ANQ ACCEPTED �N THE F�LL�WING
<br /> TERMS:
<br /> PAYMENT AND PERF�RMANCE, Except as n�herwise pro�ided in �his Deed of Trust, Trus�or shaII pay to Lender all
<br /> amounts secured by this ❑eed o�Trust as they becvme due, and shaEl s�ric�ly and In a �imeiy manner perfarm a�l ❑f
<br /> Trus�ar's obligations under the Credit Agreement,this Deed ❑�Trust, and�he ReIated Documents.
<br /> P�SSESS[�N AND MAINTEiI[ANCE OF THE PRQPERTY. Trus�ar agree$ thaf Tr`ustor'$ possessiQn and use �f the
<br /> Praperty shall be ga�erned by�he falIowing prov;sions:
<br /> Possession and Use. Until the vcaurrence af an E�ent o� ❑efaul�� Trus��r m�y {�} remain in poss�ssion and
<br /> con�r�I of�he Property; {�} use, op�rate ❑r manage�he Prvperty; and �3} collect the Ren�s from�he Praperty.
<br /> � Duty to Main�ain. T�'ustor sha11 mair�tain the Propei-ty in gvvd �onciition and promptly perForm aII repairs�
<br /> replacementsr and mainfenan�e necessa�y�o presen�e its�alue.
<br /> Campliance With Environmenta] Laws. Trustor represen�s and wa�;rants to Lender that: [1} D uring the period of
<br /> Trustar's ownership of the Propertyr there has been no use, generatian, manu�acture, starage, treatment, disposal�
<br /> r�elease or thr'eafened �elease af any Ha�ardous Subsfance by any persvn an, under, abou� a�from the Property;
<br /> ��� Trustar has no knowledge of, or reason to beIie�e that there has been, ex�ep�as pre�iousIy dis�Iosed to and
<br /> acknow�edged by Lender in writingr �a� any breach or �iola�ion ❑f any En�ironmenfal Laws, (h} any use,
<br /> genera�ion, manu�actur-e, stvrage, treatmen�� di�posal, reIease ar threatened release ❑�any Ha�ardous 5ubstance
<br /> on, under, about ar from �he Praperty by any prior owners or occupants ofi�he Property, or {�� any actuaI ❑r
<br /> �hreatened Iitiga���n o� claims vf any kind by any person relating tv such mat�ers; and �3] Except as pre�iously
<br /> disc�osed to and acknnwledged by Lender in writing, �a} ne�ther Trustor nor any tenant, con�ractor, agent or o�her
<br /> authorized user ot the Praperty sha!! use� generate, manu�acture, sto�e,trea�, dispose of❑r�elease any Ha�ardous
<br /> Substance on� under. about or fram the Property; and {b7 any such acti�ity shalt be oonducted in compjiance w�th
<br /> all applica�Ie federai, s�a�e, and loca� laws, regulations and ❑rdinances, including withaut iimi�ation all
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