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2� 17�2392
<br /> f t
<br /> WHEN f�EC�RDED MAIL T�:
<br /> Ex�hange Bank
<br /> Gibbon Branch
<br /> '�4 LaBarra Street
<br /> PD Box 76�
<br /> Gibhon. NE S884n F�R REC�RDER'S USE�NLY
<br /> - ---.. .,,.,��,,,�..��,.._
<br /> DEED �F TRUST
<br /> THIS DEED �F TRUST is dat�d April 'I 4. 2Q�7, among Michael A Panowicz and Patri�ia lIA
<br /> Panvwicz. Hushand and Wife �"Trustar"y: Exchange Bank, whose address is Gibh�n Branch, 7 4
<br /> LaBarre Strest, P� Box 76D. Gibhon. NE �884� �referred to he�ow sometimes as "Lender" and
<br /> �ometimes as "Benef�ciary"�; and Exchange Bank, whose address is P�B 76D. Gihhon, NE
<br /> �SS4� treferred to belvw as "Trustee"�.
<br /> C�lVVEYANCE AND GRANT. For►►aluable consideration, Trustor con�eys to Trustee in trust, WITH P�WER �F SALE,
<br /> fvr the �en��i# vf Lender �s Beneficiary, all a#Trustor`s right, title. and interest in and to the following described real
<br /> property. together with alt exist�ng or subsequently er�cted or affix�d hu�#dings. impro�ements and fixtu�es; al!
<br /> easemen�s. rights o#way, and appurtenances; all water, water rights and ditch rights ��ncluding stock in utilities with
<br /> ditch vr irrigativn rights}; and a11 other rights, rvyalties, and prvfits re�ating to the rea! property. including without
<br /> I�mitation alf minerals� oil, gas, geothermal and sirnilar matt�rs, �the "Real Prvperty"'� lacated in Hall Cvunty,
<br /> State vf Nehraska:
<br /> The Sauthwest �uarter �51N 114� �f Section Twenty Two ���f. Tvwnship Twel�e �1�y
<br /> North, Range E�even t 7�� INest of the �th P.M., Hal� Caunty. Nebraska except a tr�ct more
<br /> pa�ticularly described �n Book 4. Page 7�8; Excepting a certain tra�t deeded tn State of
<br /> Nebraska mvre particu�arly des�ribed in Book 85. Page 7�; and Excepting a certain tract
<br /> deeded to The Burlingtan Northern and Santa Fe Raiiway Company more particularly
<br /> described in Document Na. 98-1�D374.
<br /> The Real Property ar its address is commanly knvwn as Rurai Hall County. NE. The Real
<br /> Property tax ident�ficatian num�er is 4DQ'1912�9.
<br /> CR�SS-C�LLATERALIZATI�N. In additian tv the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br /> p�us interest thereon, of Trustar to Lender, ❑r any one❑r more of th�m, as well as all claims by Lend�r agains#Trustor
<br /> ❑r any one ar more of them, whether now existing or hereafter arising, whether re�ated ar unrelated to the purpose of
<br /> the Note. whether �aluntary vr otherwise. whe#her due ar not due, dire�t or indirect� determined vr undetermined.
<br /> absalute �r cantingent, liquidated or unliquidated, whether Trustor may be IEab�e indi�idually or j�intly with others,
<br /> whether obligated as guarantor� surety. accammodation party or o�herwise, and whether reca�ery upon such amounts
<br /> may be vr herea#ter may hscvme barred by any statute of limitations, and whethe�the ab�igation tv repay such amounts
<br /> may be ar hereafter may become otherwise unenfvrceahle.
<br /> FUTURE A�VANCES. In addition to the Note. this Deed ofi Trust se�ures a!I future ad�ances made by Lender t�Trust�r
<br /> whether or not the ad�an�es are made pursuant ta a commitment. Spectfi�ally, without I#mitativn. this ❑eed o# Trust
<br /> secures, in addition tv the amounts specified in the Note, all fiuture amvunts Lender in its discretion may �oan to
<br /> Trustor,tog�ther with all in#erest therean.
<br /> Trustor presently assigns to Lender tals❑ known as Beneficiary in this ❑eed of Trusty a�f o# Trustvr's right, titie, and
<br /> interest in and to a!� present and future leases of the Property and all Rents �r�m the Property. In addi#ion. Trustor
<br /> grants ta Lender a Uniform Comme�cial Cade sscurity interest�n the Personal Property and Rents.
<br /> THlS�EED aF TRIJST, INCLUDiN�THE ASSIGNMENT DF RENTS AND THE SECU��TY INTEREST 1N THE RENTS ANa
<br /> PERS�NAL PR�PERTY, 15 GIVEN TD SECURE �A� PAYMENT �F THE INDE6TEDNESS AND (B} PERF�RlIAANCE DF
<br /> ANY AND ALL DBLiGATfDNS UNDER THE NaTE, THE RELATED D�CUIVIENTS, ANa THIS DEED �F TRUST. TH15
<br /> DEED�F TRUST�S G1VEN AND ACCEPTED�N THE FnLL�INlIVG TERMS:
<br /> PAYMENT AND PERFDRIIAANCE. Except as otherwise p�o�ided in this Deed of Trust, Trustor shall pay t� L�nder all
<br /> amounts secured by this ❑eed of Trust as they become due, and shall strictly and in a timeiy manner perform all ❑f
<br /> Trustar's obligat�ons under the No�e, this Deed ofi Trust� and the Related ❑�cuments.
<br /> P05SE55l�N AND MAINTENANCE DF THE PRQPERTY. Trustor agrees #hat Trustvr's possession and use of the
<br /> Property shall be go�erned by the folfowing pro�isians:
<br /> Possessian and Use. llntil the o��urrence of an E�ent ❑f Defiault, Trustor may �1� remain in poss�ssian and
<br /> cont�ol of th� Property; �2� use, operat�vr manags the Property; and (3f cvllect the Rents frvm the Property.
<br /> �u#y ta Maintain. Trus#�r shall maintain the Property in tenantable condi#ion and prvmptly perform all repairs,
<br /> replacements, and ma+ntenance necessary to pres�r�e �ts�alue.
<br /> Cvmplience Vllith En�ironmentai L�ws. Trustvr represen�s and warrants to Lender that: �1} ❑uring the peri�d vf
<br /> Trustor's ownership of the Property, there has been na use� generationl manufacture. storage, treatment, dispasal.
<br /> releas� or threatened release of any Hazardous 5ubstance k�y any persvn vn, under, about ❑r from the Prvperty;
<br /> �2� Trustor has nQ knawfedge vf, or reason t❑ belie�e that there has been, except as pre���usly disclosed to and
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