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<br /> WHEN REC�RDEa N1AIL Tfl:
<br /> Exchange Bank
<br /> Gl-Allen Dr��e Branch
<br /> �
<br /> ']2�4 Al[en Dr
<br /> PU Box 5793
<br /> Crand [sland, NE C8842 FDR REC�RDER'S USE�NLY
<br /> �
<br /> vEEo oF T�us-r
<br /> TH�S �3EED DF TRU�T is dated August 3Q. �D��, amvng Sean Patr�ck �'Connor and Jeann��
<br /> Marie D'Connor, Hushand and Vllife, whnse address is 'i 9'I� 1N. Anna 5treet. �rand lsIand, NE
<br /> C�$�3 4"Trustor"'}: Excnange 6ank, whose address is G� - Ai�en Dri�� Branch. 't��4 Allen Dr,
<br /> P� Bax 5793. Grand island. NE �B�D� �referred ta b�low sometimeS as "Lender" and
<br /> svmet�mes as "Benefi�iary"�; and Exchange Ban�, whase at�dress is PC] Box 397. Kearney, NE
<br /> ��848 �referred tv be�vw as '�Trustee"�.
<br /> G�NVEYANCE AND GRANT, F�r vafuab�e considera#ion, Trustvr �an�eys ta Trus#ee in trus�. WITH P�WER �F SALE.
<br /> �vr the hene#it vf Lender as Beneficiary, ali of Trustor's right, �itle, and interes� in and �a �he �v��owing described rea�
<br /> proper�y, tagether wi�h all existing vr subsequently erected ar aff�xed bu��dings, Empro�emen�s and fixtures; all
<br /> eas�ments, rights o� way, and appurtenances; all water, wa�er rights and di�ch rights �including stvck in utilities with
<br /> dit�h or irrigation rights}; and a[I other rights, royal�ies, and pra�i�s relating t� the real praper�y, includ�ng �rvithout
<br /> limita�ion a1! minerals, a€�, gas, geothermal and similar matters, �the "Rea� Prvperty'r} lacated in Ha�1 Caunty,
<br /> State of 1V ehras ka:
<br /> ALL of Lot 't� and the Easteriy 4� feet of Lot 9. Block 45. Cha�rles llllasmer`s T�ird Additian
<br /> to the �ity af ��and lsf and, Hall �ounty. Nebraska.
<br /> Ths Rea! Property or its address is common�y knvwn as '19�� W. Anna Street. Grand �sland,
<br /> NE 688�3. The Real Pr�perty tax identif�cation num[�er �s 4D� '��� �28.
<br /> REV�LVING L[NE �F CRED�T. This Deed ot Trust secures the indebtedness including, without �imitatEvn, a revvl��ng
<br /> �ine af Gred�t, whi�h vbligates Lender to mak�ad�ances tv Borrower sv fong as Borrvwer cvmpfies with all�he tsrms o#
<br /> the Gred�t Agreement. Such ad�ances may be made, repaid, and remade fram �im� �v t�me, subject�v�he limitat'ron
<br /> that�he to�a1 outstanding balance owing at any one��me, nvt including finance charges vn such balance at a #ixecl or
<br /> �ariab�e rate or sum as pra�ided in �he Credit Agreemen�, any �emporary aWerages, other �harges, and any amaunts
<br /> expended or advanced as provided in e��her �he �ndebtednQss paragraph or this paragraph, shafi nfl� exceed the Gredif
<br /> L�mi�as praWided in the Credit Agreement. !t is the inten�ion a�Trustor and Lender thaf this D�ed of Trust secures the
<br /> balan�e autstand�ng under the Credit Agreement fram��me �t��ime frvm z�ro up�o#he Credit Limit as prv►►ided in the
<br /> Credi�Agreement and any intermediate balance.
<br /> Trustor presentIy assigns �❑ Lender 4afsa known as �3ene�iciary in this D�ed a� Trust� a!i o� Trus�or`s righfi, title, and
<br /> interest �n and �v all present and future leases of �he Property and a�l Rents from �he Proper�y. !n additivn, Trustar
<br /> grants to Lender a Uni#orm Commercial Code security�nteres�in the Persvnal Pr�per�y and Rents.
<br /> TH�S DEED aF TRUST. 1NCLUDING THE ASS��NIVIENT �F RENTS AND THE SECUR�TY 1NTEREST 1N THE RENTS AND
<br /> PERS�NAL PRDPEF�TY, iS G�VEN T� SECURE {A} PAYMENT DF THE �NaEBTEDNESS AND �B} PERF�RMANCE �F
<br /> EACH ❑F TRUST�3R'S AGREEMENTS AND OBLI�ATIDNS UNDER THE �REDIT AGREEMENT, THE RELATED
<br /> DDGUMENTS. AND TH1S DEED �F TRUST. THlS DEED OF TRUST iS G�VEN AND ACCEPTED DN THE F�LL�W�NG
<br /> TERMS;
<br /> T�UST�R'S REP�tESENTAT��N� AND WARRANTIES. Trusto� warrants that: {a� �his De�d vf Trust is �xecu�ed at
<br /> BorrQwer's request and n�t at the reques� o# Lender; tb� Trustor has the full power, righ�, and authori�y to enter in�o
<br /> �his Deed of Trus� and to hypothecate the Pr�perty; �cy �he pr�visions of this Deed o� T�ust do no�t �vnfiic� with, ❑r
<br /> result in a default und�r any agreement ar o�her ins�rumen�binding upan Trus�or and da nvt result in a �i�lation o#any
<br /> law, regulatian, caurt decr�e or ord�r appl�cab�� to Trustor; td� Trustor has estab��sh�d ad�quate means v� obtaining
<br /> �rom Borrower an a continuing basis infivrma�ian abflut Borrower's financial condi�ion; and te} Lender has made no
<br /> �epresenta�ivn tv Trustor abou�Bvrrawer �in�luding v+rithvut fimi�ativn�he creditwvrth�ness o�Bo�rawer�.
<br /> TRUST��'S WAfVERS. Trustvr wai�es all righ�s�r defenses arising by reason vf any "ane action" vr "an�i-deficiency"
<br /> law, or any other �aw whi�h may pre�ent Lender �rvm bringing any acti�n against Trustor, including a claim far
<br /> deficiency �fl the ex��nt Lend�r is otherwise entit�ed �o a ciaim for de�i��ency, befo�re or after Lender's commenc�ment
<br /> or cample�ian o�any�o�-ec�osure action, either judicially ar by exer�ise vf a power o�sale.
<br /> PAYMENT AND PE�iF�F�MANCE. Except as atherwise pro�ided in this Deed �f Trus�! Barrower sha�� pay ta Lender all
<br /> �ndebtedness s�cured by this Deed of Trust as it becames due. an� Borrower and Trus�or shall per��rm all their
<br /> respe�ti�e abliga�ions under the Credit Agreement,this Deed a�Trusfi, and�he Related Documenfis.
<br /> Pn55ESSiDN AND MA�NTENANCE �F THE P�QPERTY. B�rrawer an� Trustor agree tha� Bvrrvwer's and Trus�or's
<br /> possess�an and use o�the Proper�y shal� be governed k�y the�Following prv�isians:
<br /> Possession and Use. Untif �he occurrence ❑f an E�ent v� ❑efauit, Trustor may ��} remain in passessian and
<br /> cvntrol of the Praperty; t�� use, aperate ar manage the Prvper�y; and �3� colle�t the Rents from the Prope�-ty.
<br /> Du�y �o Ma�ntain. Trusta� shal! maintain th� Pr�perty in gflod candition and promptfy per�orm all repairs,
<br /> ..
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