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<br /> WHE�V F�EC�RDED MAIL T�:
<br /> Exchange Bank
<br /> GI-AI[�n Drive granch -
<br /> "�Z�4 A[Ien Dr '
<br /> PD Box 57J3 .
<br /> Grand �slandr NE 688�2 F�R REC�RDER`S LjSE�NLY
<br /> DEE❑ DF TRUST
<br /> TH�S D EED DF TRUST is dated Nvvember 2'I, ��'I�, amvng M ichaeI 5emm and Linda Semm,
<br /> Hu�band and Vllife{ as �vinf tenants �"Trustar"}; Ex�hange Bank, whose address rs GI - AIIen
<br /> DrEve Branch, 1��4 A��en Dr, P� B�x 5793, �rand Island, NE 688�� {referred to heIvw
<br /> .s�mefimes as 'TLender'r and sametimes as TiBeneficiary"}� and Exchange Bank, whase addre�s is
<br /> P� Sox 397, ICearney, �E �8848 �referred to beEow as 'rTrustee"}.
<br /> C�NVEYANCE AND G�ANT. For`�aIuah�e considerafion,Tru�tar cvn�eys to Trustee in#rus�, W�TH PaVIrER DF SALF,
<br /> far the b�nefit of Lende� as Bene�ciary, aII ❑f Trus�ar`s righ�, t�tIe, and interest in and t❑ �he �ollowing descrrbed real
<br /> property, toge�her with ai� existing vr �ubsequently erec�ed ❑r afi�ix�d buildings, impro�ements and fix�ures, all
<br /> easemen�s, righ�s of way, and appurtenances; aii v►ra�er{ wa�er rights and ditch righ�s �including stock in utiIitie� with
<br /> di�ch or i�rigatian rights}; and aII ❑�her rights� royaIties, and p�ofi�s relating �o fhe reaI praperty, �ncfuding withou�
<br /> �imi�afivn a!I minerais, oil, gas, geo�hermai and simiiar matkers, �the "ReaI Pt'opet't�yr'} ��cated in HaI� Cvunty,
<br /> Sta�e vf Nebraska:
<br /> Lof �� Mike and Linda Semm Subdiv�sion, HaII �ounty, Nebraska.
<br /> The ReaX Property or its address is comman�y knvwn as 49�D W Whife �Ioud Rd, �rand Isiand,
<br /> NE 6S�D3. The Rea� Prvper-�y tarx iden�ifica��on number is 4��18SS7�.
<br /> REV�LV�IVG L�NE �F GREDIT. .This Dsed of Trus� securas �he indebfedness inc[uding� withvut limitation, a rerrol�ing
<br /> iine ❑f craditr which obligates Lender to make ad�ances to Trustor sa long as Trustor�ompIies with aII the terms of the
<br /> �red�t Agreement. Such ad�ances may be made, repaid, and remade from time �o time, sub�ect�o the ��mifatian that
<br /> the total ❑u�sfanding baIance owing at any one tim�, nv� incIuding finance charges on such baIance at a f�xed ar
<br /> var�able rate ❑r sum as providsd�in �he Gredit Agreement, any temporary o�erages, other charges, and any amounts
<br /> expended ❑r advan�ed as provided jn e€ther the fndeb�edness paragraph ar this paragraph, �haII nvfi axceed the Credit
<br /> Limit as pro�ided in ths Cred�t Agreement. It is fihe intsn�ion of Tru�tor and Lender that this Daed ❑f Trust secures the
<br /> baIance autstanding und�r the Credit Agreement from time to time from zero up ta �he Gredit Limi�as pra�ided in the
<br /> � Credit Agreement and any in�ermediate balance.
<br /> Trustor presently assigns ta Lender �also known as Bene�iciary in �his Deed o-F Trus�� aII of Trus�or's right, ti�le, and
<br /> in�erest in and �� aII present and fu�ure leas�s o��he P�-aperty and all Renfs from fhe Property. In additian, Trustor
<br /> gr�an�s ta Lender a Uniform �ommercial Code s�curi�y interes�in�he Personal Property and R�nts.
<br /> THIS DEED OF TRUST, INCLUDIN�THE ASSIGNMENT�F RENTS AND THE SFCURITY INTEREST I[I�THE RENTS AND
<br /> PERS�NAL PR�PERTY, [5 G11IE�li TD SECURE {A� PAYMENT �F THE 1NDEBTE��E�S AIItD �B} PFRF�RMANGE ❑F
<br /> EACH �F TRUST�RrS AGREEIIIIENTS AND �SL�GAT��NS UNDER THE CREDIT AGREEMENT, THE RELATED
<br /> D�CUMFNTS, A�11D THIS DEE� �F TRUST. THIS DEED DF TRUST 15 G�VEN AI�❑ AC�EPTED QN THE F�LLQW�NG
<br /> TERIVIS:
<br /> PAYMENT AND PERF�RMANCF. Except as other-wise provided in �his Deed of T�'us�r Trustor shall pay tv Lender all
<br /> amounts secured �y this De�d of Trus� as �hey become due, and shaIl stri��ly and in a timeIy manner perform a'iE of
<br /> Trustar-'s ob�igations und�r the Credrt Agreement,�his Deed o�Trus�, and�he Related ❑ocum�nts.
<br /> POSSE55I�N AND MAINTENAl1ICE �F THE PR�PERTY, T�usfor agrees �ha� Trus�or's possessi�n and use of �he
<br /> Property shal!be go�erned by-�he faIIaw�ng provisions:
<br /> � Possession and Use. Until �he oc�urrence of an E�en� ❑f �e-�auI�, Trusfor may t'I� �emain in possessio� and
<br /> con�ra�of�he Prvperty; (�� use, opera�e o�-manage the Property; and �3} col�ec��he Rents�ram the Property.
<br /> Duty to Maintain. Trusfior shaIl main�ain the Property in good condi�ion and promp�Iy per�orm all repa�rs,
<br /> repla�emen�s, and main��nance necessary�o preser�e i�s�alue, -
<br /> GompIian�e With Environmental Laws. Tt'ustor represents and warrants to Lender that: {1} �ut�ing the perrad af
<br /> Trus�or's own�rship o�the PrQperty,the�e has bee� n❑ use{ genera�ion, manufacture� s�orage,treatr�nent. d'rsposal,
<br /> release or�hrea�ened �e[ease of any Hazardous Subsfan�e by any person an, undet-, at�aut ar fram t�e Pr'operty;
<br /> t2} Trus-�or has no knowledge of� ❑r t'eason tv �eIie�e �ha��here has been� except as prev�ously disclosed to and
<br /> acknowledged by Lender in wr'iting� {a� any b�each ar rriolatron of any En�ironmen�al Laws, {b} any use,
<br /> genera�ion, manufac�ure, starage, �rea�n�en�, disposaI, release or threafened �elease o� any Hazardaus Substance
<br /> ❑n, und�r, abou� or from the Property by any priar ownet-s or ❑ccupants of the Property, or �c} any actual or
<br /> �hreatened li��ga�ion ar c[a�m$ o� any kind by any person rela�ing to such matCers; a�d (3} Except as previous�y
<br /> dis�losed t❑ and acknowledged by Lender in writing, �a} ne�ther Trustor nor any tenan�{ can�racto�, agen�o�ot�er
<br /> authorized user of the Pr�perty shall uss, g�nera�er manufacture, store, �r�a�, d�spose af or re[ease any Hazardous
<br /> Subs�an�e on, under,about or from the Property; and (h� any such ac�ivity shall be conduc�ed in compIiance with
<br /> aII applicabie fedet�afr s�a�e, and IacaI laws, regulations and ardinancesr including without Iimifation a1i
<br /> En�iranmentaI Laws. Trustor autharizes Lende�- and its agents tv en�e� upon �he Property to make such
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