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<br /> CORNERSTONE BANK y . 0 , n O x Lo n O
<br /> 9,11/ Grand Isla ain F:.' l7
<br /> 840 N. Di,- sA 'Jo rK , �'
<br /> Gra-• ., N ••803 1 '"` R 7 7 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST is dated October 3, 2016, among Branden B Leffler and Lynne M Leffler;
<br /> Husband and Wife ("Trustor"); CORNERSTONE BANK, whose address is Grand Island Main
<br /> Facility, 840 North Diers Avenue, Grand Island, NE 68803 (referred to below sometimes as
<br /> "Lender" and sometimes as "Beneficiary"); and Cornerstone Bank, whose address is 529 N
<br /> Lincoln Ave, PO Box 69, York, NE 68467 (referred to below as "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br /> for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br /> ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall County,
<br /> State of Nebraska: /
<br /> A tract of land consisting of part of the otx he t etnnweetiauarter (SE1/4) of Section Twenty (20),
<br /> Township Eleven (11) North, Range Twelve (12) West of the 6th P.M., Hall County,
<br /> Nebraska and more particularly described as follows:
<br /> Commencing at the Southeast corner of said SE1/4, said point being the point of beginning;
<br /> Thence on an assumed bearing of N89°22'04"W upon and along the South Line of said
<br /> SE1/4 a distance of 33.00 feet to the West right of way (R.O.W.) line of Bluff Center Road;
<br /> Thence continuing N89°22'04"W upon and along said South line a distance of 357.75 feet;
<br /> Thence NO2°30'57"W a distance of 413.18 feet; Thence NO2°27'41"E a distance of
<br /> 697.07 feet; Thence N90°00'00"E a distance of 345.75 feet to said West R.O.W. line;
<br /> Thence continuing N90°00'00"E a distance of 33.00 feet to the East line of said SE1/4;
<br /> Thence S00°00'00"E upon and along said East line a distance of 1113.52 feet to the point
<br /> .of.'beginning. Said tract contains a calculated area of 439,992.15 square feet or 10.101
<br /> acres more or less of which 0.843 acres is road R.O.W.
<br /> The Real Property or its address is commonly known as 1688 S Bluff Center Rd, Shelton, NE
<br /> 68876-9776. The Real Property tax identification number is 400428326.
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and
<br /> interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br /> grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br /> DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br /> amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br /> Trustor's obligations under the Note,this Deed of Trust, and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br /> Property shall be governed by the following provisions:
<br /> Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br /> control of the Property; (2) use,operate or manage the Property; and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs,
<br /> replacements, and maintenance necessary to preserve its value.
<br /> Compliance With Environmental Laws. Trustor represents and d warrants to Lender that: (1) During the period of
<br /> Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal,
<br /> release or threatened release of any Hazardous Substance by any person on, under, about or from the Property;
<br /> (2) Trustor has no know,(ggge of, or reason to believe that there has been, except as previously disclosed to and
<br /> acknowledged by Lender in 'Writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br /> generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance
<br /> on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
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