. rn
<br /> m � � �
<br /> rnm � y rn
<br /> o �� � � �rn � rn
<br /> a� . �o rn U] �C � �
<br /> o � �z � rn Z� � y
<br /> W �� � � �Z �7 U]
<br /> � �� � � �rn � z
<br /> �� � � �� � �
<br /> rnm rn =� � �
<br /> rn c� o � y cn � c
<br /> �� Cn � r �
<br /> �� � r�
<br /> 6]Q � .�.� �
<br /> p� � � �
<br /> � Z
<br /> . �
<br /> �IVHEN REC�RDED MAIL T�:
<br /> Exchange Bank
<br /> GI-A11�n Dri�e Br'anch
<br /> 'i 2�4 AIIen ❑r
<br /> P� Box�793 .
<br /> _ Grand IsIand, NE 88��� ,_„�.,...,,,,,___,_ .�,_._ _ „_FQR REC�RDER'S USE QN,LY
<br /> � DEED �F TRUST
<br /> _ THIS ❑EED �F TRUST is dafed Septemher 2fl� �D��, among WesIey M Encin�er, A S�ngle
<br /> Person, whvse address is 4�'I3 VI! Prairi� Rd, �rand IsI�nd, NE �88�3 �"Trustor'T}; Exchange
<br /> Bank, whvse address is GI - A[ien D�irre Branch, ���4 A�len Dr, P� Bax �793, �rand �s�and, NE
<br /> 68��� �referred fo beI�w sametime� as T'Lendern and somefimes as "Beneficiary"}; and
<br />� Exch an g e �an k, wh ase address is P� Box 397, Kearn�y, N E �8548 �referred t� b el a�nr as
<br /> .rTrustee"�.
<br /> CDNVEYANCE AND GRANT. For valuable cansideration,Trustor con�eys�o Tru�#ee in frustr W[TH P�WER �F SALE,
<br /> for the beneff ❑f Lendar as Benefi�iaryr all ❑f Trust�r's righ�, �itler and inter-est in and �o �he �oIIowing descrihed rea!
<br /> pr�per�y, togethe�- with a!f existing o�- sub�equenfIy erec�ed or affixed buildings, impro�ements and fixturesr ali
<br /> easemen�s, righfs �� way, and appurtenances; all wate�r, water �igh�s and ditch r'ights �incIuding stack in utilities wi�h
<br /> di�ch fl� irr-igatian righfis�; and a!I other righ�sr royaIt�es, and pro�its reIafing �o the reaI property, in�[uding without
<br /> iimi�a�i�n all miner�als, aiI, gas, geothe�ma! and simiIar mat�srs, �the `TReaI PrapertyT'} ivc�ted �n H�►II �ounty,
<br /> . �
<br /> State vf Nebraska;
<br /> Lot �ne {'t�, Prairie Rvad �econd �u�division, HaII County, Nehraska, �
<br /> v
<br /> The Real Proper�y or its address is �ommvnIy known as 4�'I 3 W Prairie Rd, Grand Is�and,,NE
<br /> 6�8�3. The R�aI Proper�y�ax identifYcation number is 4���96'I8'I.
<br /> REV�LVING LINE �F CREDIT. This Deed of Trust secu�`�s the Indebf�dness incIuding. withaut Iimi�atian, a revaIving
<br /> Iine of credi��which obligates Lender to make advances to Trusfar so long as Trusfior�vmpIies with a�l the�erms af the
<br /> Credif Agr�err�ent. 5uch advances may be made, repaid, and remade fram �ime t❑time, subject to the �imitativn fhat
<br /> the to�ai oufs�anding batan�e owing afi any one f[me, not in�luding finance charges ❑n such baIance at a fixed ar
<br /> �ariabie rate or sum as prav�ded in tha �redit Agraemen�, an� fiemporary o�erag�s. at�er charges, and any amounfs
<br /> expended ❑r ad�anced as pro��ded in either the lndebtedness para�raph or this paragraph, sha!! no� exceed the Credit
<br /> Limi�f as provided in the Credit Agreement. 1t is the in#er�tian of T�ustor and Lender tha#this peed ❑f Trus�secures tf�e
<br /> balance o�rtstanding under fh� Credit Agreement from time to time fror�zero up to the Gredi�Limit as prv�ided in the
<br /> Cr�dif Agreem�nf and any intermediate ba�an�e.
<br /> Trus�or presently assigns �o Lender {aIso knnwn as Beneficiary in �his ❑eed ofi Trus�) a[f o�Trusto�'s right� �i-��er and
<br /> in�erest in and �o al! presen� and fiu�ure leases o�the Properry and all Ren�s ��om �he Property, In addi�ivn, Trus�or
<br /> gran�s�o Lender a lJni�orm Commercial Code security in��rest in�he PersonaI Proper-�y and Rents, �
<br /> THIS DEED flF TRUST,�INCLUDING THE A55IGNMEN��F RENTS ANp THE SE�UR�TY INTERFST IN�'HE�ENTS A1VD
<br /> PERSDNAL PRDPERTY, IS G�VEN TQ �ECURE {A� PAYMENT DF THE IIVDEBTEDNESS AiIID �B} PERF�RNIA�IIGE 0�
<br /> EACH OF TRUSTDR'S AGREEMENTS AIVD �BLICA�IONS UNDER THE CREDIT AGREEMENT, TH� RELATED
<br /> D�CUMENTS, A�VD T�IIS DEED QF TRUST. THIS DEED �F TRUST [S G�V�lli AND AGCEPTED ❑N T�E F�LL�IN�NG
<br /> TERMS:
<br /> PAYIIIIE�IIT Al1�D PERFaRMANCE. Exaep� as o�he�wise p�or�ided in thi� ❑eed ❑f Trust, Trus�o�- shall pay �o Lende�- �11
<br /> amvunfs secured by �his ❑eed of Trust as they became d�e, and sha�I stric�ly and in a �i�neIy manner perfarm all ❑f
<br /> Trustor's abligations under the Credi�Ag�eemen�,�his Deed of Trust, and the Related DocumeRts.
<br /> PQ5SE5SIaN AND MAINTENANCE DF TI�E P�QPERTY. Trus�or agrees that Trustor's posses�ion and use of �he
<br /> Praperty shal� he gave�ned by the f�llowing provisions:
<br /> Passession and Use. Unti� �he o�currence of an E�en� ❑t ❑efau[�, Tru��or may �'[} remain in possession and
<br /> controI of the Prope�y; �2� use, operate❑r manage th� Pt'operty; and {3� collec�the F�ents fram�he Property:
<br /> Duty to I11laintair�. Trus-ta� shall ma�n�ain the P�ope�ty in good conditxon and promp�Iy �erform all repairs�
<br /> replacemen�sr and main�enanc�necessary to preser�e its�aIue.
<br /> Gvmpiiance 1Nifh Fnviranmen�aI Laws. Trus�or represents and warrants t❑ Lender tha�: {'�� During 'the periad o�
<br /> Trusfor's �wnership af the Property�the�e.has been no use, genera�ion� manufac�ure, s�orage, �r�atment, disposal,
<br /> reIease ar threatened release o�F any Hazardous 5ubs�an�e�by any pe�-san ❑n, under. abau� or �rom �he Pr�perty;
<br /> ��} Trus�or has n❑ knawIedge of, o�reason to belie�e tha��fhere has been, excep�as pre�ious�y d�sclased �❑ and
<br /> acknowl�dged by Lender in writing, �a} any breach or viola�ion o� any En�ironmen�al Lawsr �b} any use,
<br /> genera�ionr manu�acture, sto�age, �t-eafimen�, disposal, reIease ❑r�hreatened r�lease ❑f any Hazardous Subs�ance
<br /> on, under, abou� ot- fram the Praperty by any prior awners ar occupan�s o��he Propertyr or (c} any ac�ua! or
<br /> �hrea�ened Iitiga�ion or cjaims �f any kind hy any person reIa�ing to su�h matters; and �3] Excep� as pre�iously -
<br /> disclased�❑ and acknowledged by L�nder in writing, {a} neithe�Trus�or noi�any`�enan�, contractor, agent or ather
<br /> au#horized u�er o-F�he Prope�y shaI� use,� genera�e, manu�ac�ure, s�are,�rea�, dispose o�or reiease any Hazat-dous
<br /> 5ubstance❑n, under, about o�from the Property; and �b} any such acfi�ity shall b� conducted in compliance w��h
<br /> aI� applicable fede�-al; state� and loca[ Iaws, reguIa�ions and v�-dinances� �ncluding without limita�ion aI�
<br />
|