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<br /> WHEN REC�RDED MA[L T�:
<br /> Exchange Bank
<br /> ��-A1�en Dri�e Branch
<br /> 'I 2n4 AII�n Dr
<br /> P� Box 5733
<br /> _ Grand[s�and,�VE �H$42 � , , ,_�.�.�.�_...,.�..,.._ . .._..._„__ F�R REC�RDER'S USE,�IVLY
<br /> ;. ,_....-- -�--
<br /> DEED �F TRUST
<br /> THIS DEED �F TRUST is dated Novem�er ��, 2�'i�r among Randy D Shaffer, A Sin�Ie Persvn;
<br /> �'TTrustorF'}; Exc�a�ge Bank, whvse address �s �1 - Aiien I]ri�e Branch, 'I2�� A��en Dr. P� Bvx
<br /> �793, Grand rsI�indl N� 6�8�2 �referred to belaw sometirr��� as �'Lend�r`� and sometimes as
<br /> "Benef�G�ary'"�� and Exch�nge �3ar�k, virhase address is P� Bvx �97, Kearney, NE 68848
<br /> {referr�d to beI¢w as "Trustee"}.
<br /> C�NVEYANCE AND GRAIVT.. �or v�I�abje considera�ian,Trus�or con�eys tn Trustee in trust,VIJITH PDV�lER �F SALE,
<br /> for the aenefit nf Lender as Beneficiary, ali o�Tr'us�to�-'s righf, tifle� and in�er�sf in and �Co �he fo��owing descrik�ed �-ea�
<br /> property, �oge�her- with a�i existing or subsequen�Iy erected ar affixed buildings, improvements and �Fixfures; afi
<br /> easements, rights of way, and appurtenances; all water� wa�e�~ rights and d�t�h rights {including s�ack rn util�ties with
<br /> di�ch or irrigativn righ�s�; and a�I othe� r�gh�s, �oyaI�iesr and profi�s relating �❑ the real pt-operty, including without
<br /> �imi�a�ion a�l miner-aIs, oiI, gas� geotherma� and s'rmilar mattet-s, �the '.'Reai Prope�fy"} I��ated �n Hall C�unty,
<br /> Stafe of Nebraska:
<br /> Lot 'I 8� Block 'i, Better Homes 5uhdivis�on in the Ci�y of Grand tsIand, HaIi Cvunty,
<br /> F
<br /> Nebraska. �
<br /> The ReaI Property vr its address is commanIy knvwn a� '['13a S Fdt�y St, Grand �slandr NE
<br /> �88�'I. The ReaI Property tax id�n��fi�at�on number �s 4�_Q'I83�2.
<br /> REV�LVING LINE �F CREDIT. This Deed of Trust secures the Indeb�edness inc�uding, w��haut [imifation� a ra�oi�ing
<br /> Iine of credit,which obligafes Lender to make advances to Trusfor so Iong as Trustor cvmp�ie�wi�h ai1 the terms of tha
<br />� Gredit Agreement. Such ad�ances may be madeF repaad, and remade�ram time to time, sub�eGt tv the Iimi�ation that
<br /> the tafa� ❑utsfanding baIari�e owing at any one t�me, not inciuding fnance ,charges an such bafance at a fixed or
<br /> variable rafe ar sum as pro��ded in ��e Gredifi Agreemen�, any temporary ❑�erages� ather ��arges, and any amounfis
<br /> expended or ad�anced as pro�ided in �ither the �ndebfiedness paragraph or this paragraph, shaI1 nvt exc�ed the Credrt
<br /> Lsmit as pro�ided in�he Gradit Agreemen#. If is the intentian af Trustor and Lender that this Daed of Trust secures'fihe
<br /> balance autstanding under the Credit Agreement from t�me t❑ fime from z�r❑ up �o the Gredit Limit as pravided in the
<br /> Credit Agreement and any intermediate balance.
<br /> Trus�or presen�Iy assigns to Lender �aIs❑ known as Bene#iciary in �his Deed o�Trus�} a!1 ❑�F Trus�a�`s righ�, title, and
<br />� �nte�-est in and t❑ ail preseri�k and fu�ure leases o�F thg Property and aII Ren�s from the Property. In add�tion, Trus�or
<br /> gran�s to Lender a Unifvrm Commercial Code securi�y in�eres�in the Personal Property and Rents.
<br /> THES DEED QF TRUST, jNCLUDiNG THE ASS�GNMENT�F�REiliTS AND THE SECURITY INTEREST IN THE RENTS AN�
<br /> PERS�NAL PR�PERTY, �S GjVEN T� SECURE �A} PAYMENT �F THE 1NDESTEDNESS Al1I❑ �B� PERF�RMA�CE �F
<br /> EA�H �F Ti�USTOR'S AGREEMENTS AND �BLIGATI�NS UNDER. THE CREDIT AGREEMFNT, THE RELATE�
<br /> D�CUMENTS, AN❑ TH1S DEED QF TRUST. THIS D,EED �F TRUST IS GIVEN All[D AGCEPTED DN THE F�LL�WI�G
<br /> TERMS:
<br /> � PAYlViENT AN❑ PERF�RMANCE. Except as otherwise pro�ided in this Deed of Trust, Trus�or shaIl pay to Lender all
<br /> amounfs secured by this Deed of Trus� as fhey become due, and shali s�rictly and in a time�y manner- perforrt-� �Il ❑f
<br /> Trusfo�-`s obliga�ians under the Credi�Ag�eemen���his ❑eed o�Trust, anc!the Re�ated ❑�cumen�s.
<br /> PQ�SESSI�N AND MAII�TENANGF �F THE PR�PERTY. Trusfor agrees �ha� Trustor's possessiv� and use ❑f the .
<br /> Property shaii be go�erned b�r the following pro�isians: �
<br /> Possession and Use. Unti1 �he ❑ccurrence ❑� an E�ent of aefauItr Trustar may {'I} remain in possession and
<br /> co��roI ❑�the Property; {2} lISB� opera�e or manage�he Property; and {3} colI��t the Ren�s�rom�he Prop�rty.
<br /> Duty to Maintain. Trustor sha�i ma�ntain the Property in gavd condition and promptly perform aII repairs,
<br /> replacements, and main�enan�e Recessary�o preser�e its vaiue.
<br /> Compli�nGe With Enviranmenta� Laws. Trustvr r'epr�sen�s and warran�s �o Lender�hat; {1� D uring the period ❑f
<br /> Trus�nr's ownership o��he Froperty,there has b�en no use, genera�ion, manufac�ure, storage,trea�ment� disposaI,
<br /> r�lease ❑r threa�ened reIease of any Hazardous Substance by any pe�-son ❑n, under, about or�rom the Propsrt�r;
<br /> {�} Trus�ar has na know�edge ofr o� reason t❑ b�iie�e that�heCe has been, excep�as pre�iously di�closed to and
<br /> acknawledged by Lender Fn w�ritingt {a} any I�rea�h ot� �iola�ion o� any En�ironmental Laws, tb} any user
<br /> generation, manufacture, s�arage, ��ea�ment, disposa[, reIease nr threatened-r�lease af any Haza�dous SuI�s�an�e
<br /> on, under, abou� ar from �he Property by any pri�r ❑wners ❑r occupants of�he Prop�rty, or {�} any actual or
<br /> �hrea�ened li�iga�ivn ❑r claims o� any kind by any per�an reIa�ing �o such matrers; and �3] Ex��pt as pr��iously
<br /> disc�osed�o and acknawledged by Lende�-in wri�ingr �a} nei�her Trustor nor any�enant, con�ractor, agen�or o�her
<br /> au�har�zed use�of�he Proper�y sha�I use, generate, manufac�ure, stare,treat, dispose ��or releas� any Hazardous
<br /> Subs�ance on, underr abaut�r firom�he Proper�y; and {b� any such a�ti�ity sha�i �e conduct�d in campIiance wi�h
<br /> al! appIica�Ie federal, s�a�e, and �ocal �aws, regula�Cions and o�dinances, including without Iim��a�ion all
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