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<br /> 111IHEN REC�RDED MI�1L T❑:
<br /> Exchange Bank - '
<br /> G1-A[Ien Dri�e granch '
<br /> 'f Za4 A[�en Dr �
<br /> i P� Box 5793 '
<br /> Grand ls�and,NE E$$�2 FOR REC�RDER'S U5E DNLY �
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<br /> DEED �F TRUST �
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<br />� THIS DEED DF TRUST is dated Sept�mber� �2, 2�'I�, amang Martin Jun�en and Nadine .
<br /> ;
<br /> Jungen� Husband and Wife, whose address is ��� Le�sure Lake Rd, �oniphan. NE �8$32 �
<br /> �"Trustor�r}; Exchange Bank, whvse address is G� - Al��n C]ri�e Branch, '1204- AIIen Dr, P❑ Box '
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<br /> �793, Grand �sIand, �E ��5�2 ��eferred tv b��aw svmefimes as 'TLen�Ierr" and sometimes as ;
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<br /> "�enef;cia�y"}; and Exchange Bank, whose add�ess is P� Bvx 337, Kearney, NE 68�48 ;
<br /> �referred tv he�ow as "Trus�ee'T}. �
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<br /> C�NVEYANCE AND GRANT. For�aluabSe consideration�Trustor con�eys to Trustee in trust,VIrtTH PQVIIER �F SALE�
<br /> for the benefi� of Lender as Bene-fiGiary, all ❑f Trus�ar's right. ti�le� and interest in and �o �he �aIIowing described real �
<br /> p�ape�y� together with a11 exis�ing or subsequently erected or affixed buiIdingsr impro�emen�s and �ixtu�es; a11 �
<br /> easemen�s, righ�s ofi way, and appur-Cenanc�s; a11 wa�er, water rights and di�ch rights {in�Iuding stock in u�iIities with
<br /> di�ch or irriga�ion righ�s�; and a�I othe� rights� royalties, and profits �elating �o the reaI property, including wi�hout
<br /> limitation al� mineralsr oiIr g�S� geo�hermaf and simila�mat�ers, �the "�ea� Property"} �ocated �n Ha�� County, �
<br /> 5�ate af Nebraska: �
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<br /> Lot �, Amick A�res Th�rd Subdivis�an, HaIi Gounty, Neb�aska. �
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<br /> The Real Property or its address �s cammanly known as �'I Q Leisure Lake Rvad, Doniphan, �E '
<br /> � �883�. The Real Property tax �dentification number is 4�D234�$�, �
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<br /> R�VDLVIN� LINE OF CREI]�T. This Deed of Trust secures the Indebtedness including. withouf limitation. a revolving
<br /> line of cred�f,which ob�igates Lender to make advances to Trustor so long as Trustor cvmpIies wifh aII the terms ot the
<br /> Credit Agreement. Such ad�ances may be made, r�paid� and remade from time f❑time, SLl�]j@Ct fD fI1@ limitation that '
<br /> the �o�aI outstanding ba[ance vwing at any one fime, not inc�uding finance charges on such baIan�e at a fixed or
<br /> variable rafie ar sum as pro�ided in the Credit Agreement, any temporary overages, other charges, and any amounts -
<br /> expended or advan�ed as pro�ided in either the jndebfedness paragraph or this paragraph� shall n�t exceed the Credit
<br /> Limit as pra�ided in the Credit Agreement. �f�s fha intention �f Trustor and Lender that t�is Deed of Trust seGuras the
<br /> ba�ance ❑utstanding under the Credi�Agreement#rom time t❑tima from zarv up to the Gredif Limit a� pro��ded in the ;
<br /> Credif Agreement and any intermsdiafe baian�e. i
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<br /> Trus�or presen�ly assigns to Lender {a�so known as Beneficiary in this Deed o�Trus�� a1� �f Trustor`s right, tit�e, a�d � �
<br /> in�erest in and t❑ aII presen� and future leases o��he Property and all Rents from �he Prnperky. In additian, Trustor i
<br /> gran�s t❑ Lend�r a Uniform Cammercia! Code securi�y intet-est in the Pe�sonaI Property and Ren�s, i
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<br /> THiS DEED QF TRUST, lNCLUD�NG THE ASSIGNNIENT DF RENTS AND THF SEGUR�TY INTEREST 1N THE RENTS A111D "
<br /> PERS�NAL PRQPERTY, IS G1VEN TQ SECURF �A� PAYMENT �F THE 1NDEgTEDNESS AND �B� PERF�F�MaNCE �F �
<br /> EACH OF Tf�LlSTORrS AGREEMENTS AND ❑BLIGATI�NS UNDER THE GREDiT AGREEMENT, THE RELATED
<br /> D�CUN[ENTS, AND T��S DEED �F TRUST. THiS I3EED �F TRt]ST 1S CIVEN AND ACCEPTED D N THE F�LL�WiI'IIG
<br /> TER1ViS:
<br /> PAYMENT AND PERF�R�IIIANGE, Except as o�herwise pror�ided in �his ❑eed ❑�T�us�r Trust�r shall pay to Lender- all
<br /> amoun�s secured by this Deed o�Trust as �hey become due, and shall s�rictly and in a timely manner per�far�m aEl of
<br /> Tr'us�ot-'s obligafians under the �redit Agreemen�,th�s ❑eed of Trus�,and the ReIa�ed �acumen�s,
<br /> PDSSESSIDN AND MAINTENANCE 4F THE PR�PERTY. Trus�or agrees �ha� Tr-us�or's possession and use of the
<br /> Property shall be go�erned by the fo�Iowing p�a�isions:.
<br /> Possession and Llse. Un�il the oc�ur-rence of an E�ent o� ❑e�aul�, Trusto� may ��} remain in poss�ssion ar�d
<br /> aontt-a�of fhe Property; �2} use� operate ot-manage the Property; and �3� colkecfi�he Ren�s��rom the Property.
<br /> Duty �o Maintain. Trustor shalI maintain the Property in good condi�ion and promptly per-�orm alI repairs�
<br /> replacements� a�d maintenance necessary�o prese�ve its value,
<br /> Compliance With EnvirvnmentaI Laws. Trus�or represenfs and warr�ants to Lender�hat� {1} During the period of
<br /> Trusto�'s ownership of the Property� �here has been no user gen��a�ionr manufacture,storage.�rea�ment, disposaf,
<br /> reiease or�hrea�ened reIease ❑� any Hazardous Substan�e by any person on, under, abou� or from �he Property;
<br /> ��} Trustvr has no know�edge af, or reason tv belie�e tha��here has been, except as pt-eviously d"Isclosed to and
<br /> acknowIedged by Lender in W�'I�Il�gr {a) any breach or �inlatian of any En�ironmenta� Laws{ {b} any use,
<br /> gener�a�ion, manu�acture, starage, trea�ment. dispas�I� release ❑r threa�ened �elease of any Hazardous 5ubstance
<br /> on, under, abou� ar from the Proper�y by any prior owners or accupan�s o��he Praperty, ❑r {c� any a�tua! o�
<br /> threa�ened Iitiga�ian or c�aims o� any kind by any person refa�ing to such matrters; and {3} Except as pre�iously
<br /> disclosed to and acknowledged by Lender in w�-iting, {a} neither Trus�or nor any tenan�, contrac�or.agen�or othe�-
<br /> au�hori�ed user of the Property shall use, gene�a�e� manufacfure, stare, �rea�, dispose o�vr rel�ase any Hazardous
<br /> Subs�ance on, under, abaut or from the Property; and {b} any su�h ac�i�ity shall be �onducted in compliance with
<br /> aII applical�Ie federalr s-ta�e, and Iocax laws, reguIatians and ordinances, incIuding withau� Irmitation all
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