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<br /> 1�VHEN REGC]RDED MA�L TC]:
<br /> Exchange Sank
<br /> �I -Allen Drive B�ranch
<br /> 't�44 Allen Dr
<br /> P� Box 5793
<br /> Grand [sland, NE 6884� F�R RECDRDER'S USE(�NLY
<br /> DEED �F TRLJST
<br /> THIS DEED C]F TRUST is dated December �7, �4'I6, among Patricia J. Pia�k� and Fred L.
<br /> �assing: as jvint tenants �"Trust��"3; Exchange Bank, whose address �s �� - A�fen L"3rirre Bran�n.
<br /> 'I�44 A��en �r, P� Box 5793. Grand lsland, NE 6�SD2 4referred tv be�nw samet�me$ as
<br /> r"Lender" and sometimes as "Benefic�ary"3: and Exchange Bank, whose address is P� Box 397,
<br /> Kearney, N E 68848 t r�ferred t� below as "Trustee"}, _
<br /> C�NVEYANCE AND GRANT. Far rratua��e consideration, Trus�vr cvn�eys tn Trustee �n trus�, 1NlTH P�WER �F SALE,
<br /> for #he bene�i� af Lender as Beneficiary, a1� ❑f Trustor`s right. ti#[e, and in��res� in and �n the following described real
<br /> proper�y, t�gether with all existing or subsequently erected ar af��xed buiEdings, imprv�ements and #ix�ures; a�f
<br /> easem�n�ts, rights of way, and appurtenances; all water, water r�ghts and d�tch rights 4Encluding s�ock in utilities wE�h
<br /> ditch or irriga�€ion righ�s}; and a{f o�ther rights, roya�ties, and profi�s re�ating to the rea! p�-aperty, in�luding withou�
<br /> lim�tation a11 minerals, oil, gas, geatherma� and similar matters, �the '�Rea� Propertyr�� lacated in Hal! County.
<br /> State of Nehraska:
<br /> Lot 4. Block 3, Secnnd Add�tivn ta Hvlcomb's H�ghway H�mes Subd�v�sion to the City of
<br /> Grand lsland, Ha�� C�unty, Nebraska.
<br /> The Reaf Property ar its address is cammvn�y known as ���a Ri�erside Dr, G�and lstand. NE
<br /> �88��. The Rea! Property tax identification number is 4���46�75.
<br /> REVDLV[NG LINE �F CREDIT. This Deed of Trust secures �the lndeb�edness including, wi�hvut limitat�an, a revalving
<br /> line a��redit, which vbligates Lender to make ad�ances to Trusta�so long as Trus�vr�omp�ies w�th a�f thg terms vf the
<br /> Credit Agreement. 5uch ad�ances may be made, repaid, and remade from time#o�ime, sub�ect to�he �imitation#hat
<br /> the totai vu�tstanding E�alan�e owing at any one �ime, nvt inciuding #inance charges on such halance at a f�xed or
<br /> variabfe rate vr sum as pravided in the Credit Agreement, any �emparary oWerages, other Gharges, and any amounts
<br /> expended or ad�an�ed as proWided in either the Indebtednsss paragraph ar#his paragraph. shall not exceed the Credit
<br /> Limit as pravided in fhe Credi�Agreement. it is th� intention of Trus�or and Lender that this Deed of Trus�se�ures the
<br /> ba�ance vu#s#anding under the Credit A�reement#�vm time ta�ime from zero up to ths �redit LEmit as praWided 'rn the
<br /> Credit Agreement and any inte�med�a'te ha�ance.
<br /> Trustor present�y assigns to Lend�r {alsv known as Bene�iciary �n this Deed of Trust} al[ �f Trus�or's righ�, title, and
<br /> interest �n and t❑ a11 present and future leases of �he Property and a�i Rents �rom the Prop�rty. �n additian, Trustor
<br /> grants to Lender a Unifarm Cvmmercial Cade securifiy in�eres�in the Pers�nal Prape�ty and Rents.
<br /> TH15 DEED �F TRUST, 1NGLUDING THE ASSIGNMENT�F RENTS AND THE SECUR�TY INTEREST IN THE RENTS AND
<br /> PERS�NAL PR�PE�TY. 1S G�VEN Ta SECURE �A� PAY�ENT �F THE INDEBTEDNESS AND {B� PERFORMANCE �F
<br /> EACH �F TRUSTaR'S AGREEMENTS AND QBLIGAT��NS UNDER THE CREDIT AGREEMENT, THE RELATED
<br /> C3aCUMENTS, AND TH[S DEED �F TRUST. THiS DEE❑ �F TRUST �S GlVE� AND ACCEPTED C3N THE FDLL�WING
<br /> TER�S:
<br /> PAYMENT AND PERF�RMANCE. Ex�ept as vtherwise pro�ided in �his Deed v�F Trus�, Trustor shal� pay to Lender all
<br /> amaunts secured by this Deed of Trust as they �ecvme due, and sha[[ strictly and in a �imely manner p�r��rm al[ o�
<br /> Trustnr's obligations under�he Credit Agreement,this Deed o�F Trust, and the Reiated Documents.
<br /> P�SSESSE�N AND MAINTENANCE aF THE PF��PERTY. Trus�vr agrees �ha� Trustor's posse�sion and use of �he
<br /> Prvperty sha[I be go�erned by the fo�lvwing p�o��sions:
<br /> Pvssession and Use. Until the occurr�nce o� an Even� o� ❑efiau��, T�ustar may t1� rema�n in possessian and
<br /> cantral of�he Praper#y; �2� use, op��a#e ar manage the Pr�per�y; and �33 col�e���he Ren�s fram the Proper�y.
<br /> Dufy #v 1VIa�n�ain. Trust�r sha�� maintain �he Prnperty in g�ad condition and prnmptty per�orm all repairs,
<br /> replacements, and maintenance necessary to preser�e its value.
<br /> CompCianc� Vlfith En�irvnm�ntaI Laws. Trustar represenfis and war�an�ks ta Lender that: {1} During the per€ad of
<br /> Trustor's vwnership o�the Prvperty, �here has �een no use, genera�ion, manufac�ure, stvrage,treatmen�, disposal,
<br /> release or threatened release o� any Ha�ardvus Substance by any persan an, under, abvut ❑r from the Praperty;
<br /> �2} Trustar has no knowle�ge o�, ar reasvn to be�ie�e �that �here has been, except as prev�vusly d�sclosed to and
<br /> ackno►nriedged by Lender in writing, ta� any brsach or �iolativn �� any En�ironmenta! Laws, �b} any use,
<br /> generation, manufacture, stvrage, treatment, dispvsal, re�ease v� threatened re�ease o� any Hazardvus Substan�e
<br /> an, under. abvut ar from the Property by any p�ior vwners or occupants vf �he Praperty. or 4c� any ac�ua� ar
<br /> �threatened fit�gation or claims �f any kind by any persan relating tv such matters; and 43} Ex�ept as pre�E�usly
<br /> disc[osed�n and acknowledged by Lender in wri�ing, 4a3 neither Trustor nvr any tenant. con�raGtvr, agent vr vther
<br /> authorized user o�the Pr�p�rty sha�� use. generate, manufacture, store, �rea�, dispos�of a�release any Hazardous
<br /> Substance on, under, abou�ar fram the Property; and �b� any su�h acti�i�y shall be conducted in c�mpliance with
<br /> a11 applicahle federaf. s�a�e, and Iocal �aws, regulat�nns and ardinances� inc�ud�ng without �imitation all
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