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<br /> WHEN RE��R�ED MAIL T�:
<br /> Ex�hange Bank
<br /> G!-Allen Dri�e Bran�h
<br /> 'I Z�4 A�len Dr
<br /> P�Bax 5793
<br /> Grand Island.NE 688�2 F�R RECDR�ER'S USE�NLY
<br /> i���ii�.m���i i����i���i i�m ��i��rr� ■ i.�.��m i�m�o�� w��
<br /> ��NSTRUCTIDN DEED �F TRUST
<br /> TH�S DEED �F TRUST 15 A C�NSTRUCTI�N SECURITY AGREElVIENT
<br /> WITHIN THE MEANING �F THE NEBRASKA C�NSTRUCTI�N LiEN AGT
<br /> TH15 DEED �F TRUST is dated December 9, 2�7 6, among Raebuck Enterprises, LLG. A
<br /> Ne�raska Limited Liability Cvmpany t"Trustor"�: Exchange Bank, wh�se address is GI - Allen
<br /> Dri�� Branch. 'f 2�4 Allen Dr. P� Bax 5793. Grand Isiand. NE �88�� treferred ta belflw
<br /> sometimes as "Lender" and sometimes as "Benef�ciary"�; and Exchange Bank, whase address is
<br /> P�B 75�, Gibbon. NE 5884� �referred to be�ow as "Trustee"�.
<br /> C�NVEYANCE AiVD GRANT. Far�eluable consideration, Trust�r con�eys#o Trustee in trust. WITH P�WER �F SALE.
<br /> for the benefit o� Lander as Bene�iciary, all of Trustor's right, title, and interest in and t❑ the following descrihed real
<br /> property, together with ail exEsting ar subs�quently erected or affixed buildings, impror►ements and fixtures; all
<br /> easements. rights �f way. and appurt�nances; all water, water rights and ditch ��ghts �including stock in util�ties with
<br /> ditch v� irrigatian rightsf; and all other rights, rvyalties, and profits relatin to the real property. including wi#hout
<br /> limitatian all minerals, oil� gas, gevthermal and simil�r matters. �th� "R��I �ro s1't "� Iocated in Hall �vun
<br /> P Y tY•
<br /> 5tate of Nebraska:
<br /> Lats Dne �'I� and Two t2y. Blo�k �n� �'I y, Pleasant H��I Additian to the �ity of Grand Island,
<br /> Hal� County. Nebraska
<br /> The R�al Praperty ar its address is cammonly known as 'I Q�8 E�ans St. Grand lsland, NE
<br /> �BS�1.
<br /> CR�55-�DLLATERALfZATI�N. �n addition to the Nate� this ❑eed of Trust secures a!I obligativns� de#�#s and liabilities,
<br /> plus interest thereon, af Trustor to L�nder, vr any ane vr mv�e a#them, as well as aff ciaims by Lender against Trustar
<br /> or any �n� or mvre �f them, whether now existing ar hereafter arising, wheth�r relatsd or unreleted tv the purpose of
<br /> the Note, wh�ther �oluntary �r otherwise, wh�ther due ar nat due, direct or indirect, determined ar undetermined,
<br /> absalute or �ontingent. liquidated ar un�iquidated. whether Trus#or may hs liable indi�idualfy ar jointly with others.
<br /> whether❑bligated as guarantor, surety, accommodation party or vtherwise, and whether reco�ery upon su�h amaunts
<br /> may be or hereafter may became harred hy any statute of limita�ions, and whether the ohligation�o�epay such amounts
<br /> may be�r hereafter may become otherwise unenforceable.
<br /> FUTURE ADVANCES. fn addition ta the Note, this Deed of Trust s�cures all future ad�ances made by Lender to Trustvr
<br /> whether ar not the ad�ances ars made pursuant to a comm�tment. Specifically, without fimitat�vn, this Desd of Trust
<br /> secures, in addition ta the amoun#s specifisd in the Note. all future amounts Lender in its discreti�n may loan to
<br /> Trustvr,together with all interest therevn.
<br /> Trus#or presen�ly assigns to Lend�r talso known as Beneficia�y in this Desd of Trustf all ❑# Trustar's right. title, and
<br /> interest in and to all pressnt and fu#ure leases of the Prvperty and a�l Rents from the Prvperty. In additivn, Trustar
<br /> grants to Lender a Uniform Commercial �ode security interest in the Persanal Property and Ren#s,
<br /> THIS DEED�F TRUST, INCLUDING THE AS5IGNMENT❑F RENTS AND THE SE�URITY INTEREST IN THE RENTS AN�
<br /> PERS�NAL PR�PERTY. !S GiVEN T� SECURE �Ay PAYMENT�F THE INDEBTEDNE55 AND tBy PERF�RMANCE�F
<br /> ANY AND ALL �SLI�ATI�NS UNDER THE N�TE. THE RELATED D�CUMENTS. AND TH15 DEE� �F TRUST. THIS
<br /> DEED �F TRUST. INCLUDING THE AS5I�NMENT �F RENTS AND THE SECURITY INTEE�EST IN THE RENTS AND
<br /> PERSDNAL PR�PERTY, 15 ALS� GIVEN TQ SECURE ANY AN�] ALL DF TRUST�R'S �BLlCAT��NS UNDER THAT
<br /> CERTAIN C�NSTRU�TI�N L�AN AGREEMENT BETWEEN TRIJST�R AN� LENDER �F EVEN 13ATE HEREWITH. ANY
<br /> EVENT �F �EFAULT UNDER THE C�NSTRUCTIaN L�AN AGREEMENT, �R ANY DF THE RELATED DQCUMENTS
<br /> REFERRED T� THEREIN, SHALL ALS� BE AN EVENT �F DEFAULT UNDE� THIS �EED aF TRUST. THIS DEED flF
<br /> TRIJST 15 GIVEN ANa ACCEPTED�N THE F�LL�WING TERMS:
<br /> PAYMENT AND PERF�RMAN�E. Except as atherwise pr��ided in this Deed of Trust, Trustor shall pay ta Lender all
<br /> amounts secured by th�s Deed of Trust as they be�ome due, and shall strictly and in a timely manner perfarm all of
<br /> Trustor's obligations under the Nate, this Deed of Trust, and the Reiated Dacuments.
<br /> CONSTRUCTION MDRTGAGE. This Deed vf Trust is a "construction mvrtgage" for the purposes of Sections 9-334
<br /> an d �A-3�9 o f t hs Uni form Cammercial Cvde, as those sections ha�e been adopted by the State o#Nebraska.
<br /> P�SSESSI�N AND MAINTENANCE QF THE PR�PERTY. Trustor agrees that Trustor's passession and use �f th�
<br /> Prvperty shall be gv�erned by the following pra�isi�ns:
<br /> Possession �nd Use. Until the vccufrence of an E�ent vf Def�ult. Trustor may t 1 y remein in pvssession and
<br /> control�f the Property; {2y use, aperate ar manage the Property; and �3j colle�t the Rents from the Property.
<br /> Duty to Nleintain. Trustor shall maintain the Prvperty in tenantahls condition and promptly p�rfvrm a11 repairs,
<br /> reptacements� and maintenance necessa�y to preser�e its�alue.
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