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<br /> WHEN RECDRDE[3 MAIL T�;
<br /> Exchange Bank
<br /> GI-Allsn Dri�e Branch
<br /> '!2�4 Allen Dr
<br /> PD Bvx 5793
<br /> Grand Is�andl NE fi88�2 FQR RE�DRDER'S U5E�NLY
<br /> w i��-- i���ni� i�i�nm�nnn m�i.i.n�ni.n� i�i.nimm� --- i�i���mi��� ��ni�n�mi�i��rir�i�n��n.nni��r
<br /> ��NSTRLJCTI�N DEED �F TRUST
<br /> TH�S DEED �F THLJST �5 A ��NSTRU�TI�N SECURfTY AGREEMENT
<br /> WITHIN THE MEANING �F THE NEBRASICA ��NSTRUCT��N LIEN ACT
<br /> THIS DEED �F TRUST is dated March 2. ��'17. among UMBRELLA DEVEL�PMENT LLC. A
<br /> Nebraska Limited Liability Company �"Trustvr"j; Exchange 6ank, whose address �s GI - Allen
<br /> Dri�e Branch. 12�4 Allen Dr. P� Box 5793, Grand Island. NE 588�� treferred ta be�ow
<br /> sometimes as "Lender" and sometimes as "Beneficiary"j; �nd Exchange Bank, whvse address �s
<br /> PDS 76�, Gibbon. NE 6884� �referred to belaw as "Trustee"�.
<br /> C�NVEYAN�E ANO GRANT. For�aluahle cvnsiderativn. Trustar�on►►eys tv Trustee in trust, WITH P�WER QF SALE.
<br /> for the benefit of Lender as Benefi�i�ry. ail of Trustor's right, �itle, and in�erest in and ta the fallvwing described real
<br /> property. toge#her with alf existing or subsequently erected ❑r affixed buildings. impro�ements and fixtures; a�ll
<br /> easements, rights of way. and appurtenances; all water. water rights and dit�h rights tinc�uding stock in utilities with
<br /> ditch or irrigation rightsy; and all ather rights. royalties, and pro#its reEating to the real property, includ�ng without
<br /> limitati�n all minerals, oil, gas, gevthermel and similar matters, tthe "Real Property"y Ivcated �n Hall �ounty,
<br /> �t�te of Nebraska:
<br /> Lot 9, North�iew Ninth Subdi�ision in the City of Grand Island. Hall County. N�braske
<br /> The Real Property or its address is cvmmanly known as 4�8�-4�8� North Point Circle. Grand
<br /> Island. N E S�SD3.
<br /> CR�SS-COLLATERALIZATIaN. In addition tv the Note, th�s Deed ❑f Trust secures all ohligations. dsbts and liabilities,
<br /> plus interest thereon, vf Trustor to Lender, or any one❑r mo�e of them. as well as all claims by Lender agains#Trustor
<br /> vr any one or more of them, whether naw existing or herea#ter arising, whether related or unrelated to the purpase of
<br /> the Note, whether �oluntary or otherwise, whether due or not due, direct or indir�ct, determined or undetermined,
<br /> absolute ar cont�ngent. �iqu�dated or unliquidated, whether Trustor may be liable indi�idually ❑r joint�y with vthers,
<br /> whether ❑bligated as guarantvr. surety. accvmmodation party or ❑therwise, and whether reco�ery upon such amounts
<br /> may be❑r her�after may b�come barred by any statute❑f limitations, and whether the ok�ligation ta repay such amounts
<br /> may be or hereafter may be�ome otherwise unenforceabl�.
<br /> FUTUf�E ADVAN�ES. !n additian to#h� Note. this ❑eed❑f Trust secures all future ad�ances made by Lender to Trusto�
<br /> whether vr not ths ad�ances are made pursuant to a commitment. 5pe�if�cally, with�ut limitation, this Deed vf Trust
<br /> secures� in addi#ion to the amounts specified in the Note. all future amounts Lender in its discretion may laan to
<br /> Trustor,together with all interest therean.
<br /> Trustor presently assigns to Lender �also kn�wn as Beneficiary in this Deed �f Trusty all of Trustor's right, title. and
<br /> inter�st in and tv ali present and future leases vf #he Property and all Ren#s from the Praperty. In addi�ion. Trustor
<br /> grants to Lender a Uniform Comme�cial Code security interest in the Personal Prvperty and Ren#s.
<br /> THIS DEED�F TRUST. INCLUDING THE ASSICNMENT aF RENTS ANa THE SEGURITY INTEREST IN THE RENTS ANa
<br /> PERaDNAL PR�PERTY, IS G�VEN T� SECURE IAy PAYIVIENT �F THE INDEBTEDNESS AND �B) PERF�RMANCE�F
<br /> ANY AND ALL �BLIGATI�NS UNDER THE N�TE, THE RELATED D�CUMENTS, AND THIS DEED �F TRUST. TH15
<br /> DEED �F TRIJST. INCL[JDiNG THE ASS�GNMENT �F RENTS AND THE SECURITY INTEREST !N THE RENTS AND
<br /> PERS�NAL PRQPERTY, !S ALSD GIVEN T� SECURE ANY AND ALL �F TRUST�R'S �BLI�ATI�NS UNDER THAT
<br /> CERTAIN CONSTRUCTIDN L�AN AGREEMENT BETWEEN TRUST�R AND LENDER �F EVEN DATE HEREVIIITH. ANY
<br /> EVENT �F DEFAULT UNDER THE C�NSTRUCTl4N L�AN AGREEMENT, �R ANY �F THE RELATED ��CUIIAENTS
<br /> REFERRED T� THEREIN. SHALL ALS� BE AN EVENT �F DEFAULT UNDER THIS DEED QF TRIJST. THIS DEED �F
<br /> TRUST IS GIVEN AND ACCEPTED QN THE FQLLQWlNG TERNlS:
<br /> PAYMENT AND PERF�RMANCE. Except as vtherwise prv�ided in this Deed vf Trust, Trustor sha�E pay to Lender all
<br /> amvunts secured by this ❑eed of Trust as they be�ame due, and shall strictly and in a time�y manner perfiorm all of
<br /> Trustor's obligations under the Note, this Deed of Trust, and th� Related Dncuments.
<br /> CaNSTRUCTIaN M�RTGAGE. This De�d of Trust is a "�anstructivn mortga�e" #or the purposes of 5ectivns 9-334
<br /> and 2A-3�9 af the llniform Commercial Code� as those sections ha�e been adopted hy#he State of Nebraska.
<br /> P�SSESS��N AND MAINTENANCE DF THE PR�PERTY. Trustor agrees that Trustor's passession and use vf the �
<br /> Property shall he ga�erned hy the following pra�isions: ;
<br /> Posssssion and Use. Until the occurren�e af an E�ent o# Default, Trustar may �1 j remain in pvssession and �
<br /> contrv!❑f the Property; �2f use.op�rate�r manage the Prvperty; and �3� collect the Rents#rom the Property. '
<br /> �uty tv Maintain. Trustor shall maintain the Property in tenantable condition �nd promptly perform all repairs, �
<br /> replacements, and maintenance necessary tv preser�e its�afue. !
<br /> Cvmplian�e With En�iranmental Laws. Trustor represents and warrants tv Lender that: {1 y During the period of �
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