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<br /> 1NHEN REC�RDED MAIL T�:
<br /> Exchange Bank
<br /> GI -Allen ❑riWe Bran�h
<br /> 1�04 A�ien Dr
<br /> P� Box 5793
<br /> Grand Island, NE 68$02 F[]R REC4RDER'S USE�NLY
<br /> DEED DF TRUST
<br /> TH15 DEED �F TRIJST is dated C]ctvber �, ��'!�, among MARTIN JUNGEIV and NADfNE �
<br /> JUNGEN; Husband and Vllife �"Trustor"�; Exchange Bank, whose address �s GI - Allen Drive
<br /> Branch, 'I��4 A�len Dr, PD Box 5793. �rand Island. NE �88�� treferred to below sametimes
<br /> as "Lender" and somet�mes as "Beneficiary"�: and Exchange Bank, whvse address is P�B 76�,
<br /> Gibban. NE 6884� �referred tv below as "Trustee"�.
<br /> ��NVEYANCE AND CRANT. For�aluable �onsidera#ion, Trustnr can�eys t❑Trus�ee in�rust, VNITH P�WER �F SALE,
<br /> �vr the benefi� of Lender as Bene#�ciary, all ❑f Trustor's right, t�tle, and interest in and to �he f�f�owing described real
<br /> prop�rty, �og�ther with all exist�ng or subsequen�ly erected or affixed �uildings, impro�emsnts and fixtures; ali
<br /> easements, rights af way, and appur�enances; all water, wa�er rights and ditch rights �including s�ock in u�ilities with
<br /> ditch or irrigation rights}; and a11 ather rights, rvyalt�es, and pro�its relating to the real prvperty, including without
<br /> limita�ion al! minerais, ail, gas, geo�herma� and simiiar ma��ers, 4the '"Real P�rvperty"} lacat�d in Hall C�unty.
<br /> State of Nebraska:
<br /> The West One-Ha�f {VIJ''ll�� nf Lots Seven �7� and Eight �8�. Bfock Twv �2} in South Crand
<br /> lsland, an Additian to the City of Grand Island. Hal! Cvunty, Nebraska
<br /> The Real Property ar its address is commvnly known as 7U3 5 Kimbal� St. Grand Island. NE
<br /> �88��. The Real Prvperty tax 'rdentification num�er is 4(3I��9356�.
<br /> CRQSS-C�LLATERALIZATI�N. In additivn ta the Note, this Deed �f Trus� secures al! obligatians, debts and liabilities,
<br /> plus interest thereon, of Trustar ta Lender, �r any one or more vf them, as wefl as all claims by Lender against Trustar
<br /> or any one ❑r mvre o�them, whether n�w existing ar hereaf�er ar�sing, whether rela�ed ar unrelated ta fihe purpos� o#
<br /> �he Note, whether �oluntary vr othe�wise, whether due vr not due, dire�t or indirect, determined or undetermined,
<br /> absolute or contingen�, li�uida�ed or unliquidat�d, whe�her Trustar may be liable indi�idually or jvintly with o�hers,
<br /> whethe� obligated as guaran�or, surety, accommoda�ion party vr otherwise, and whether reco�ery upon such amounfis
<br /> may be or hereafter may become barred by any statute a�limitations, and whether the abligation tv repay such amounts
<br /> may be ar hereaf�er may became a�herwise unenforceable,
<br /> REVDLVING LINE DF CREDIT. This Deed vf Trust secures the Indeb�edness including, wi�hout limitation, a re�ol�ing
<br /> line a�credit, wh�ch obl�gates Lender�o make ad�an�es#o Trus#vr sv Iong as Trustor cvmplies with all#h�terms of the
<br /> N v�e.
<br /> Trustor presently assigns tv Lender talso known as Bene'�iciary in this ❑eed of Trust} all of Trustor`s right, ti�le, and
<br /> interest in and to all presen� and #uture leases af �he Property and a�� Ren�s from the Property. In add�t�on, Trustor
<br /> grants to Lender a LJni�orm Commercial Code security interest in the Personal P�operty and Rents.
<br /> FUTURE Al]VANCES. In additian ta the Note, this De�d of Trust secures all #uture ad�an�es made by Lender ta Trustor
<br /> whether ar no� the ad�ances are made pursuant to a cvmmitment. Specificaliy, wi#haut limi�a�ion, this Deed of Trust
<br /> secures, in addi�ion to the amounts specified in the Note, all fu�ur� am�unts Lender in i�s discretian may loan to
<br /> Trustor, toge�her with all interest ther��n.
<br /> THiS DEED OF TRUST, �NCLIlDlNG THE ASSI�NMENT �F RENTS AN❑THE SE�URITY INTEREST IN THE RENTS AN❑
<br /> PERS�NAL PROPERTY, �5 GtVEN T❑ SECURE {A} PAYMENT aF THE iNDEBTEDNESS AND {B� PERF�RMANCE �F
<br /> ANY AND ALL DBLtGATI0N5 UNDER THE NUTE, THE RELATED D�CUMENTS. AND THIS DEE❑ OF TRUST. TH15
<br /> DEED �F TRUST�5 GIVEN AND ACCEPTED ❑N THE F�LL�WING TERNiS:
<br /> PAYMENT AN❑ PERFDRMAN�E. Except as ❑therwise pro�ided in th�s Deed of Trus�, Trustar shall pay �o Lender alf
<br /> amounts secu�ed by �his Deed af Trust as they become due, and shall s�trictly and in a timely manner per#vrm all o�
<br /> Trustor's ob�igatians under�he Note, this Deed of Trust, and the Related Documents.
<br /> P�SSESSl�N AN❑ MAINTENANCE DF THE PR�PERTY. Trustor agrees �hat Trustvr's passession and use ofi the
<br /> Property shal� be go�erned by the�ollowing pro�isions:
<br /> Possession and Use, Unti! the occurrence of an E��nt of Defau�t, Trustor may �1 y remain in possession and
<br /> c�n�rol o�the Property; �Z� use, aperate or manag�the Property; and �3y co��e�t the Rents�rom the Proper�y.
<br /> Duty tv Ntaintain. Trustar shall maintain �the Praperty in tenantable cond�t+on and promptly perfarm all repairs,
<br /> repla�ements, and maintenance ne�essary to preser�e its�alu�.
<br /> Complianc� With En�ironmental Laws. Trus�or represents and warran�s to Lender that: �1} During the period o�
<br /> Trustor's ownership of the Property, �here has been nv use, generation, manu#acture, storage, treatment, disposal,
<br /> release ar �hreatened release of any Hazardous Substan�e by any person Qn, under, aE�out or from the Property;
<br /> �2� Trustor has nv knvwledge of, vr reasan to belie�e tha� there has been, except as pre�ivusly d�sclosed �v and
<br /> acknowi�dged �y Lender in wri�ing, �a} any breach or �i�[ation af any En�ironmenta! Laws, {b� any use,
<br /> generatifln, manu�acture, sta�age, tr�atment, disposal, release or threatened re�ease of any Ha�ardous Substance
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