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<br /> 1NHEN REC�RDED MAIL T�:
<br /> Exchange Sank
<br /> GI-Ailen Drive Branch
<br /> "1��4 AIIen Dr
<br /> PO Box 5793
<br /> Grand �sland, NE ��8a2 F�R RE�aRI3ER'S USE�NLY
<br /> DEED �F TRUST
<br /> TH�S DEED ❑F TRUST is da�ed �ctober '13, 2�'I6, among 5cott B Arnold and She�i L Arno[d,
<br /> Hu�band and Wife; a� ja�nt ten�nts tT'Trustor=T}; Exchange Bank, whose address is GI - Alien
<br /> L�ri�e Branch, �2�4 AIIen Dr. I�C3 Bo�r �793, Grand �sland, NE �85�2 �referred to belvw
<br /> somet�mes �s "Lender" and sometimes as "Beneficiary`T�r and Exchange Bank, whose address is
<br /> P� Bvx 397, �earney, NE �8548 �referred �v be�ow as "Trustee"�.
<br /> GaNVEYANGE AND GRA�T. For valuab�e consid�ration, Trus�or�anveys fio Trusfee in trust,VIIITH PnWER �F SALE,
<br /> for the benef�t �f Lender as Beneficiary, aII ❑f Trusta�`s righ�, title, and int�rest in and �a the faIIowing des�rzbed rea!
<br /> property, toge�her wi�h aII existing or subsequently erected ar affixed buildings, impro�ements and -Fixtures; a�1
<br /> easemen�s, rights of way, and appurtenances; all water, wa�er rights and ditch t�ights {inaIuding s�ock in utiIities with
<br /> di�ch or irriga�ion righ�s}� and aII o�her righ�s, �oyaI�ies, and profits relating to the reaI praperty, in�luding withou�
<br /> �im��atian a�[ mineraIs, oil, gas, geoth�rmal and s'rmilar mat�ers, �the �'ReaI Property'r} Iocated in Hajt County,
<br /> S�a�� of Nebraska:
<br /> Lo� ��4 and the 5vuther�y 29 feef af Lot 233, Belman�Additifln fv the �ify vf Gr�nd IsIand,
<br /> Hall Caunty. �ebra�ka.
<br /> The ReaI Prapert}r or �ts addr�ss is commanly known as 4�� N Custer AWer �r�nd Islandr NE
<br /> ��8�3. The Real Property fax ic�entification number is 4���15���.
<br /> F�EV�LV�NG LINE QF CRE��T. This Deed of Trust secures the �ndebfedness in�Iuding. wi�hout Iimi�a�ivn, a revoI�in�
<br /> Iine of�redit,which obligates tender tn make ad�ances to Trustar sv long as Trustar c�mpjiss wi�h�I�the terms of the
<br /> Credi�Agreement. Such ad�ances may be mader repaid� and remade fram tima tv time, subje�t tv the �imita�ion that
<br /> the total ❑utstanding ha�an�e owing at any nne time� nvt incIuding finance charges on su�h ba�ance a� a fixed ❑r
<br /> variab[e rate ❑r sum as pra�ided in the Credit Agreementr any temparary overages, ot�er` charges� and any amounfs
<br /> expended or advan�ed as prov�ded in eifher the Indebtedness paragraph or-�his paragraph, shall nat exceed the Credit
<br /> Limit as provided in�he Gredit Agreemenf. It is th��n�en�ion of Trustar and Lender tha�this Deed of Trust secures�he
<br /> baIance au�sfanding under the Gr�dit Agreement from time ta time fram zerv up ta fhe Gredit Lim�t as provided in the
<br /> Credit Agreement and any in�ermediate baiance.
<br /> Trustvr presen�Iy assigns to Lender {als� known as Benef�ciary rn �his �eed o�F T�us�� aII of Trus�orts righfr �ifle,.and
<br /> interes�t in and �o a�l present and -Future Ieases ❑f�he Properry and aIl Ren�s fram �he Prvperty. �n addition, Trustor
<br /> g�-ants�a Lender a Uni�orm Commercia� �ode securify interest in the Personal Property and Rents.
<br /> THIS DEED QF TFtUST,INGLUDING THE ASSICNMENT DF RENTS AN�THE�ECUR�TY INTEREST IN THE RENTS AND
<br /> PERS�NAL PR�PERTY, [S GIVEN T� SEGURE �A} PAYMFNT �F THE [NDEBTEDNESS AND {B} PERF4RMANCE aF
<br /> EAGH aF TRUSTQR'S AGREEMENTS AND ❑BLIGATj�NS UNDER TFiE GREDIT AGRFEIIriENT, THE RELATED
<br /> DQGUMEilITSr AND TH�S DEED QF TRL]ST. THIS DEEL� �F TRU�T iS GiVEN AN� AGGEPTE❑ �N THE F�LL�VIlING
<br /> TERMS:
<br /> PAYMFNT AND PERFQRMANGE. Ex�ep� as o�he�wise provjded in �his Deed a-F Trust, Trustvr shaIl pay �o Lender aII
<br /> amaun�s secured by �his Deed of Trust as they become dus� and shaII str�ictly and in a �imely manner perform a.11 o�
<br /> Trus�a�Fs obliga�ions under�he Credit Agreemen�,this Deed of Trust, and�he Related Do�umenfis.
<br /> P�SSESSI�N AND MA�NTENA�GE OF THE PRDPERTY. Trus�or agrees �ha� Trusfvr's possession and use of the
<br /> Property sha�I be governed by the foIlowing pro�isions; �
<br /> Passessifln and Use. Unfil #he occurrence o� an E�ent of ❑efauI�, Trusfor may ��} remain in passession and
<br /> �ontrol❑f th� Property; �2� use. ope�a�e ar manage the Property; and �3} �oiiec��he Ren�s from�h� Praperty.
<br /> Duty to Maintain. Tru��or shall main�ain the Pr�operty in good condi�ion and prompfly perfarm a!� repairs,
<br /> replac�men�s� and maintenance necessary to preserve its�alue. ;
<br /> GompIiance With EnvironmentaI Laws. Trusto� represents and warran�s �o Lender that: (1) During �he periad o�F
<br /> Trustnr's awnership af the Property.there has been no user genera�ion� manufacture, s�orager trea�mentr disposai,
<br /> release or�hrea�ened �elease of any Hazardous Substanae by any person �n, under, abou� or from the Property;
<br /> �2} Tt'ustar has nv knowled�e a�, or reason�� believ�tha�there has beenr excep�as �are�iausly disc�ased �a and
<br /> acknow�edged by Lender in wri�ing, {a} any breach vr vialativn of any Envit'onmen�a� Lawsf �b� any use,
<br /> gene�-a�ion� manu�ac�ure� storage, trea�ment, disposal, reiease or�hreatened releas� o�any Ha�ardous Subs�ance
<br /> �nr under, abaut or �ram �he Property by any priar ❑wners ar accupants of rthe Property. or �c} any ac�ual or
<br /> �hreatened Iitigation ❑r claims ❑f any kind by any persvn rela�ing to such matte�s; and {3} Ex�ept as pr��i�usly
<br /> dis�iosed fo and acknowIedged by Lender in writingr {a} nei�her Trus�or nor any tenant, contrac�or, agen�o�-o�her
<br /> au�har�zed user af the Praperty shall use� g�nera�e� manu-�acture, stor�,�rea�;dispose o�or reIease any Hazardous
<br /> Subs�ance on, under, abou�or from`�h�Praperty; and ��} any such a��i�ity shall be canduc�ed in compliance w�th
<br /> all applicable �edera�, s�a�e, and local Iawsf regu[a�ions and ordinancesr inc�uding wi�hout Ii 'tatiQn a�i
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