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<br /> WHEN FiECaRDED MAIL T�:
<br /> Exch�nge Bank
<br /> GibbQn SranGh
<br /> '14 LaB�rre Street
<br /> P❑Box 7SU
<br /> G�bbon NE 8884Q F�R REC�RDER'S U5E aNLY
<br /> DEED DF TRUST
<br /> TH�S DEED DF TRUST is dated Februa�y �. �D'!7, among LBE Fam�1y Limited Partnersh�p, A
<br /> Nebraska P�rtn�rsh�p �"Trustor"}: Exchange Bank, whose address is Gihbon Branch. '14 La6arre
<br /> Street, P� Box 7�D, Gibban. NE �884� �referred tv belaw sometimes as "Lender" and
<br /> svmetimes as "Benefi�iary"}: and ExGhange 6ank. whose address �s PDB 7fi�. Gibban, NE
<br /> �884� �referred to �elaw as "Trustee"�.
<br /> CQNVEYANCE AND GRANT. For►►�lu�ble cvnsideretivn,Trus#or con�eys to TrusteB in trust, WITH P�WER�F SALE.
<br /> for the benefit of Lendsr as Benefici�ry, a[� of Tcustor's right, title. and interest in and to the f�llowing described real
<br /> property. together w�th all existing ar suhsequently erected �r attixed buildings, impro�ements and fixtures; all
<br /> easements, rights v# way, and appurtenances: ali water, water rights and dit�h rights �including stock in uti4ities with
<br /> ditch or irrigation rightsy; and all other rights, rayalti�s, and profits relating ta the real property, includ�ng withvut
<br /> limitation all minerals, oil, gas, geothermal and similar matters, tthe "Real Property'*y lacated in Ha11 County,
<br /> State of N�braska:
<br /> Parcel A:
<br /> Lvts 5e�en �7� and N�ne �9�, in 61ock 5ix t�� in �ollege Addit�an tv West Lawn in the City vf
<br /> �rand Island, Ha�l County. IVebraska.
<br /> Par�e! B:
<br /> All of Lot Three �3� and the Norther�y 'I 5.5�' af L�t Four �4�, VI►olfe's Subdi�ision to the City
<br /> of Grand Island. Hall �vunty. Nebraska.
<br /> Parce� C:
<br /> Lat �e�er�ty-�ne 471� in West Lawn, in the City �f Grand lsland, Hall County. Nehraska.
<br /> The Real Property or its addre�s is comm�nly known as 24'I� N Kruse: �4�S N Kruse: 53'I
<br /> Kennedy Dri�e: 2144-21�8 West 7 7th St. Grand Island. NE fiBSD'1. The Real Property tax
<br /> identif�cation number is 4���335�9; 4���33585: 4Q�'I 4��5�; 4D�'I'I 5�4fi.
<br /> CRQSS-G�LLATERALI�ATI�N. In addition to the Note, this Deed af Trust secures af� ❑bligatians, debts and liab��ities,
<br /> plus interest thereon, of Trustor to Lender, or any ane or rnore vf them. as well as ali claims by Lender against Trustor
<br /> ar any ane or mvre of them, whether now existing or hereafter arising, whethsr retated vr unrelated to th� purpose�f
<br /> the Nate, whether �aluntary or vtherwise, whether due o� not du�, direct ar indire�t, determined o� undetermined,
<br /> absolute or contingent. liquidated or unliquidated. whether Trust�r may he liable indi�iduaiiy or jointfy v+►ith athers,
<br /> whether ob�igated as guarantor, surety, accommvdation party vr other►+vise, and whethe� recv►►ery upan such amounts
<br /> may be vr hereafter may b�come barred by any sta#ute of limitati�ns, and whether�he vbligation to repay such amounts
<br /> may be❑r hereafter may become otherwise unenforceabf�.
<br /> FUTUHE ADVANCES. In additivn to the Nvte, this Deed af Trust secures all future ad�ances made by Lender to Trustar
<br /> wh�thsr or not the ad�ances are made pursuant to a �ommitment. Specifically. wi�haut limitation� this Deed of Trust
<br /> secures, in addition to the amounts specified in the Nvte, all future amounis Lender in its discretion may Ivan tv
<br /> Trustvr,tvgether with a��interest ther�on.
<br /> Trustor pres�ntly ass��ns to Lender �alsn known as Benefi�iary in this Deed ❑fi Trust� all of Trustor's right, title, and
<br /> interest in and to a�� present and future leases n# the Praperty and all Rents from the Property. In addition, Trustor
<br /> grants t❑ Lender a Uniform Commercial Cade security interest in�he Personal Property and Rents.
<br /> TH15 DEED aF TRUST, INCLUDING THE ASS�GNMENT�F RENTS AND THE SECURITY INTEREST �W THE RENTS AND
<br /> PER50NAL PR�PERTY. IS GIVEN T� SECURE �Ay PAYMENT �F THE IIVDEBTEDNESS ANQ t8� PERFDRMAN�E OF
<br /> ANY AND ALL OBLIGAT��NS UNDER THE N�TE, THE RELATED D�CUMENTS. ANa THIS DEED QF TRuST. THIS
<br /> DEE��F TRUST 15 GIV�lV AIVD ACCEPTED�N THE FaLLDWiNG TERMS:
<br /> PAYMENT AND PERF�RMANCE. Except as otherwise pro�ided in this Deed of Trust, Trustor shall pay to Lend�r a!!
<br /> amounts secured by this Deed of Trust as they k�ec�me due, and shall strict�y and in a timely manner perform al! of
<br /> Trustor's Qbligations under the Note,this Deed❑f Trust, and the Related Documents.
<br /> Pa5SESSI�N AND MAINTENANCE �F THE PR�PERTY. Trustor agrees that Trustar's possession and use ❑f the
<br /> Prvperty shall be g���rned by the following pr��isions:
<br /> Pvssession and Use. Until the ❑ccurrence af an E�ent of ❑efault, Trustvr may (1} remain in possessian and
<br /> cont�ol❑f#he Praperty; �2y use, apera#e or rnanage the Property; and �3f collect the Rents irvm the Property.
<br /> Duty to Maintain. Trustor shall maintain th� Property in tenantable cvndition and prvmptly perform all repairs,
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