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<br /> INHEN REC�RDED MAIL TD:
<br /> Exchange 8ank
<br /> GI-Allsn Dri�s Brench
<br /> 'i��4 Allsn Dr
<br /> PD Box 5793
<br /> „__,,,,,_Gr„and,Islandf NE �88�2 F�R REC�RDER'S USE�NLY
<br /> �:������n��������� �rrrrrr���� � i i ii i�
<br /> C�NSTRU�TI�N DEED �F TRUST
<br /> THIS DEED �F TRUST IS A G�NSTRUCTi�N SECU#�1TY AGREEMENT
<br /> INITHIN THE MEANING �F THE NEBRASICA CDNSTRUCTI�N LfEN A�T
<br /> THIS DEED DF TRUST is datsd August 23. ��'16, amvng TIM C PLATE, A Singla Person and
<br /> CUF�T L RATLIFF. A 5inglg Person �"Trustor"�: Ex�hange Bank. whvse �ddress is G� - Al�en
<br /> Dr��e Bran�h. '1�D4 All�n Dr, P� Box 5793. Grand Island. NE �88qZ �referred tv bel�w
<br /> svmetimes as "Lender" and svmet�mes as "6eneficiary"�: and Exchange Bank, whose addr�ss is
<br /> P�B 76�. Gibbon. NE C884� �r�ferred to below as "Trustee"j.
<br /> C�NVEYAN�E AND GRANT. For��lu�ble considar�tion. Trustor canvsys ta Trustaa in trus#. WITH RQWER �F SALE,
<br /> for the benefi# of Lender as Bene�c�ary, aii of Trustor's right. title, and interest in and to the following d�scrihed real
<br /> prvper#y. together with all �xisting or subsequen�ly ere�ted or afrtixed buildings. impro�ements and fixtures; all
<br /> easements, rights of way, and appurtenances; all wat�r, water rights and ditch rights �including stock in utilities w�th
<br /> ditch ❑r irrigation rightsj; and all other rights, r�yalties, and profits relatin to the real propert , including with�ut
<br /> limi�ation all minera�s, oil, gas, geathermal and similar matters, �the "Re�li �rop�rty"� lo�ete�in Hall C�unty.
<br /> St�te �f Nebraska:
<br /> Lat Four �4y, Westwv�d Park Thirt�enth Subd��is�on; in the C�ty of �rand Island. Hall
<br /> County. Nehraska
<br /> The Real Property or its address is commonly knvwn �s 5�� R�dwnad Road. �rand �sland, NE
<br /> s�so�.
<br /> CR�55-C�LLATERALlZATIflN. In addition to the Note� this ❑eed �f Trust secures all ❑hligations, debts end liab�lities,
<br /> plus interest therean, of Trustar to Lender, or any one or more of them, as well as all claims by Lender aga�nst Trustor
<br /> ar any one or more o#them, whether naw existing or hereafter arising, whether re�ated ar unrelated to the purpose of
<br /> the Nate. whether �olunt�ry ar otherwise, whe�her due or not due. direct or indirect. det�rmined or undetermined,
<br /> absolut� or �ontingent, liquidated ar unliquidated, whether Trustor may be liable indi�iduaily or jaintly wi#h others.
<br /> whether obligated as guarantvr, surety, a��vmmodation party or o#herwise, and whether reco�ery upon such amounts
<br /> may be or hereafter may becvme barred by any statute vf limitations. and whether the obligativn tv repay such amounts
<br /> may be or hereafter may become otherwise ungnforceable.
<br /> FUTURE ADVANCES. In addition to ths Note� #his ❑eed vf Trust secures all future ad�ances made hy Lender tv T�ustor
<br /> whether ❑r not thg ad�an�es are made pursuent to a commitment. 5pecifical�y. without i�mitation, this Deed of Trust
<br /> secures. in addition to the amounts specifisd in the Note, a�� future amounts Lender in its discretian may laan to
<br /> Trustor, tagether with al� interest thereon. _�
<br /> .�._--�-�"�
<br /> Trustor presentiy assigns to Lender �alsv known as Bsneficiary in this Deed of Trustf all of Trustor's righ�, title, afld���
<br /> � interest in and to al� present and #uture leases of the Property and all Rents fram the Property. In addition, Trustor
<br /> grants ta Lender a Uniform Commercial Code se�urity interes#in the Personal Property and Rents.
<br /> THIS DEED�F TRUST, lN�LUDIN�THE ASS�GNMENT�F RENTS AN�THE SE�Uf�ITY INTEREST�N THE RENTS AND
<br /> PERS�NAL PR�PERTY, IS �IVEN TD SECURE �A) PAYMENT�F THE INDEBTEDNE55 AN� �8� PERF�RMANCE�F
<br /> ANY AND ALL �BLIGATI�NS UNDER THE N�TE. THE RELATE[] DDCUMENTS. AND THiS DEEO �F TRUST. THIS
<br /> DEED �F T#�UST, INCLUDING THE ASSIGNMENT �F RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERS�NAL PR�PERTY, IS ALS� GIVEN T� SECUf�E ANY AN� ALL DF TRUSTDR'S �BLtGATI�NS UNDER THAT
<br /> CERTAIN C�N5TRUCTIQN L�AN AGREEMENT BETINEEN TRUSTDR AND LENDER �F EVEN DATE HEREWITH. ANY
<br /> EVENT �F DEFAULT UNDER THE ��NSTRIlCTI�N L�AN AGREEIIAENT. �R ANY UF THE RELATED t]�CUMENTS
<br /> REFERRED T� THEREIN, SHALL ALS� BE AN EVENT �F DEFAULT VIVDER THIS DEED QF TRUST. THIS DEE� �F
<br /> TRUST IS GIVEN AN�ACCEPTED QN THE F�LL�IIN�NG TERMS:
<br /> PAYMENT AND PERFORNIANCE. Except as otherwise pro�ided in #hEs Deed of Trust, Trustar shall pay tv Lender all
<br /> am�unts secured �y this Deed of Trust as they became du�, and shall striCtly and in a timely manner perform all af
<br /> Trustor's obligations under the Note,this Deed vf Trus#. and the Reiateci Documents.
<br /> GaNSTI�UCTI�N M�RT�AGE. This Deed vf Trust is a "construction martgage" far the purposes of 5ections 9-334
<br /> and 2A-3�9 af the Uniform�ommercial Code, as those sections ha�e been adopted by the 5tate of Nebraska.
<br /> P�SSESSI�N AND MAINTENANCE �F THE PR�PERTY. Trustor agrees that Trustor's possession and use af the
<br /> Praperty shall be go�erned hy the fallowing pro�isions:
<br /> Possessivn and Use. Until the occurrgnce vf an E�ent af Default. Trustor may t 1� remain in possession and
<br /> cvntrol af the Pr�p�rty; �2y use, operate or manage the Property; and �3y collect th� Ren�s from the Property.
<br /> Duty to Maintein. Trustar shall maintain the Property in tenantable condition and promptly per#orm a�l repairs.
<br /> repiacements, and maint�nance n�cessary�o preser�e its�alue.
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