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<br /> 1�IlHEN REG�RDED MAIL T�;
<br /> Exchange Bank
<br /> GI-Al�en Drive B�an�h
<br /> 'I 2�4 Allen Dr
<br /> P� Bax�793 �
<br /> Grand lslandr NE fi$8a2 F�R REC�RDER'S U5E❑NLY
<br /> vEE� o� TRusT
<br /> THIS [3EED DF TRUST is dated Apr�� 5r ���7, amvng LU�AS L IIlI��11IREY and NIC�LE L
<br /> M�WREY, Husband and V1life; �"Trustor"}; Exchange Bank, whvse address is �1 - Ai[en Drive
<br /> Branch, '1��4 Allen ❑r{ P� Box 5793� �rand �s�and. NE �88�� �referred tv beiaw sometimes
<br /> as 'T Lender'r and svmet�mes a� "Benef�ciary"}� and Exchange Bank, whose address i� PQ Bvx
<br /> 397, Kearney, NE 68848 �referred ta be�ow as "Truste�'t}.
<br /> CQNVEYANCE AND GRANT. For vaivabie considerationr Trustor con�eys to Trustee sn trust,WiTH P�WER DF SALE,
<br /> for the benefrt of Lender as Benefi�iary, ail of Trus�ar's righfi, �itl�, and interest in and �o the following described r�aI
<br /> p�operty, together wi�h al! existing or subsequentiy erec�ed or affix�d bui�dings, impra�ements and �ixtures; ajj
<br /> easemen�s, righ�s of way, and appurtenances� all water, wat�r righ�s and d"rtch rights �including stock in utiiities with
<br /> dif�h ar irrigation righ�s}; and aIl ather righ�s, royal�ies, and profits reIating �o �he r�a� property, inciuding wi�hauf
<br /> limitatian all minera�s� oilr gas, geoth�rmal and simi�a�-matters, tthe ttReal Property�r� �o�ated in Ha�� Cvunty,
<br /> State vf Ne�raska: �
<br /> Lot 9. Cap�ta� Heights S�venth Subdirrisifln in the G�ty af Grand Island, Ha�� County, .
<br /> Nebraska
<br /> r
<br /> The Real I�rvpe�ty v� its address is cammon�y knvwn as 42'[5 ARIZDNA AVE . GRAND 15LAND
<br /> , NE ����3. The Rea� Prvperty tax identificat�vn �umber is 4DD 7 54 '153.
<br /> REV�LViNG L1NE �F GREDIT. This Deed ❑f Trust secures the lndebtedness inc[udingr withvut limitativn, a r�volving
<br /> line a�credit,which obligates Lender to make ad�an�es to Trustor s❑ [ang as Trustor complies with a[I the terms o�the
<br /> �redrt Agreement. Such ad�ances may he made� repaid, and remade from time to �ime, sub�ect�o the limrtation that
<br /> the tv�al vutstanding baIance owing at any ane time, not in��uding finan�e charges on su�h ba�ance at a fixed or
<br /> �ariab[e rate ❑r sum as prvvided in the �redrt Agreement, any tempvrary ❑verages� vther charg�s, and any amounfis
<br /> expended or advan�ed as pravided in either the indebtedness para�raph or this paragraph, sha[l not ex��ed the Credit
<br /> Limit as p�v�'rded in the Credit Agreement. It is#he in#ention of Trustor and Lender that this ❑eed vf Trust secures the
<br /> ba[ance ou-tstanding under the Credit Agreement from time to time from zerv up tv the Credit Limit as pro�ided in�he
<br /> Credit Agreemen�and any intermediate ba�ance.
<br /> T�ustor presently assigns to Lender �also known as Beneficiary �n �his Deed ❑f Trust} all ��Trus�or's �right, title, and
<br /> in�erest in and �❑ a�� pres�n� and future leases af�he Properky and all Ren�s fram �he Property. In addi�ion, Trus�or
<br /> gran�s to Lender a Uniform Cvmmercial Code security interes�in�he Persvnal Prvperty and Rents.
<br /> THIS DEED �F TRI�ST, INCLUDING THE ASSIGNMENT�F RENTS AN�THE SECURITY CNTEREST �N THE RENTS AND
<br /> PER50NAL PR�PERTY, 1S G[VEN T� SEGURE �A} PAYMENT ❑F THE 1NDE6TEDNESS AND {B� PERF�RMAIVCE ❑F
<br /> EACH �F TRUST�R'S AGREEIIAENTS AN❑ �BL��AT[�NS UNDER THE CREDIT AGREEMENT, THE RELATE❑
<br /> D�CUMENTS, AND TH[S DEED �F TRUST. TH1S DEE❑ ❑F TRUST I5 GIVEN AND AC�EPTED ❑N THE F�LL�WING
<br /> TERMS: �
<br /> PAYMENT AN� PERF�RMANGE. Exc�p� as otherwise pro�idsd in fihis ��ed ❑#T�'usfr Trustor shall pay to Lender aii
<br /> amaunts secured by �his Deed ofi Trust as �hey becom� due, and sha�I stric�Iy and �n a timely manner perform all ❑f
<br /> Trustor's obligations und�r the Cred�t Agr�emen�,�his ❑eed of Trus�� and the ReIated Documents.
<br /> P�SSESS[�N AN❑ MAINTENANCE OF THE PR�PERTY, Trustvr agrees �ha� Trustar's possession and use �f the
<br /> Praper�y shall be go�erned by�he faIlowing provisions:
<br /> Possessian and Use. Until th� occurrence of an E�ent ❑f ❑efaul�, T�ustvr may �1} remain in poss�ssion and
<br /> con�rol of the Property; {2} user opera�e or manage the Propertyi and �3} call��t the F�en�s from�he Property.
<br /> Duty to Maintain. T�-ustor shall main�ain �he Prope�ty in good candition and pramptIy p�rform all cepairs,
<br /> repla�ements� and main�enan�e necessary�o preser�e xts value,
<br /> Complian�e With En�ironmental Laws. Trus�or repressnts and warrants ta Lender that; �"f} D uring the peri�d a�
<br /> Trus�or's ownership o�the Property,there has been no use{ genera�ian, manufac�ure, starage,�reatment, disposaI,
<br /> release or thr�at�ned release of any Ha�ardaus 5ubstance by any persvn ❑nr under, about or -From �he Property;
<br /> t2� Trustor has na knawledge o�F, ar reasvn �❑ balieve that�here has heen, excep� as prevxously disclased to and
<br /> acknowIedged by Lender in writingx {a} any breach or vivla�ian vfi any En�iranmen�aI Lawsr �b) any use.
<br /> generation, manu�ac�ure, sto�-age, ��eatment, dispvsa�, re�ea�e o� threatened �elease of any Hazardous Substance
<br /> on� under, about or from the Property by any prioC �7Wt1��S o� vGcupants �� the Praperty, ar {c� any ac�ua� or
<br /> fihrea�ened Iitigation or c�aims o� any l�ind by any persr�n r���t�ng �o such matkers; and �3} Except as pre�iausly
<br /> disclosed to and acknowredged by Lender in wr�t�ng, �a� rt���her Trusfor nor any��nan�, contrac�or, agent or❑�her
<br /> aufharized us�r o�the Prap�rty sha[l use, generat�� manu�actt�re, stvre, t�-eat, dispvse of or reIease any Hazardou�
<br /> Subs�ance on, under, abau�or from�he P�'operty; and �b} any such acti�ity shaIl be conduc�ed in compliance with
<br /> al� applicabje federa�, s�ate, and Iacal Iawsr regu�ati��rls and a�dinancesr including wifihou� limi�a�ion aii
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