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<br /> 1NHEN REC�OF�DED lUlA1L T�:
<br /> Exch�nga Bank
<br /> Gibbon Branch
<br /> 14 LaBarre�treet
<br /> PD Box 76�
<br /> Gibbvn NE G884� FOR REC�RDER`S llSE DNLY
<br /> �EE� �F TRUST
<br /> r
<br /> THla DEE� �F TRUST is dsted Aprif '14, 2�7 7. among Panorrvicz Land Company. LLC, A
<br /> N�braska Limited L�ability �omp�ny t"Trustor"y: Ex�hange Bank, whose address �s Gi�ban
<br /> Branch. 14 LaBarre Street. Pa Box 7CD, Gibban. NE 6884� {referred to b�f�w som�times as
<br /> "L�nder" and sametime� as "8eneficiary"�; and Exchange �ank, whoss address is P�B 7��.
<br /> Gibhon. NE �584� trefsrred to belvw as "TruStee"�.
<br /> C�NVEYANCE AND GRANT. Fvr�aluable considerativn,Trustar�on�eys tv Trustee in trust, W1TH P�WER DF SALE,
<br /> #or the benefit o� Lender as Benefci�ry. all vf Trustvr's right, title, and interest �n and t❑ the fvllowing descri�ed real
<br /> praperty, together w�th a(� existing or suf�sequently erected �r aff�xed buildings, imprv�ements and fixtures; a�l
<br /> eas�men�s, rights of way, and appurtenan�es; all water, water ��ghts and ditch rights {including stock tn utili�ies with
<br /> ditch or irri�atian rightsy; and afl ❑ther rights, royalti�s, and prafits relating #o the r�al property, �ncluding withaut
<br /> I�mitat�on a!� minerals, oEl, gas, geothermal and similar r�natt�rs, tthe "�eal Property"� lo�ated in Ha�l C�unty.
<br /> Stat� �f Nebraska:
<br /> �ee Exh�b�t "A"
<br /> The Rea� Property or its address is G�mmonEy knvwn as Rura� Ha�� �ounty, NE.
<br /> CRDSS-��LLATERALIZATIDN. In addition ta the Note, this �eed of Trus�secures all ❑bligations, debts and liabifit�es.
<br /> plus �nterest ther�on, of Trustar to Lender, or any one or more of them, as weil as ail claims hy Lender against Trustor
<br /> vr any ❑ne ar more vf them, ►rvh�ther now existing �� hereafter ar�sing, whether related or unrelated tv the purpose of
<br /> the Note, whether �vEuntary �r otherwise, whsther due ar nvt due, direCt or indire�t, determined or undetermined.
<br /> absalute or contingent, liquidated ar unliquidated, whethe� Trustor may be �iahfe indt��dually or jointly with athe��,
<br /> whether ❑bl�gated as guarantar, sure#y, accommodatian party or vtherwise� and wheth�r recv�ery upon such amounts
<br /> mey be or hereafter may becom�harred by any,statUte af IimitatiQns, and whe�h�r the obl�gat�on t�repay such amounts
<br /> m�y be or hereafter may hecome atherwise unenf�rceable.
<br /> FllTURE ADVANCES. In additivn ta the Note, this Deed v�Trust secures all future advan�es made by Lender t�Trustor
<br /> whethe� or not the ad�ances are made pu�rsuant t❑ a cammitment. Specifically. withaut limitati�n. this Qeed of Trust
<br /> se�ures. in addition ta the am�unts specified in the Nvte. ali fiuture amounts Lender in its dis�retion may loan to
<br /> Trustar,togeth�r with all interest therevn.
<br /> Trustor presently assigns �o Lender �a�so knawn as Bene�Ficiary in this Deed af Trust� all af Trustor's r�ght. title, and
<br /> tnterest �r� and to al! �reser�t and �uture leases ot the Property and a#� REnts trom the Pro�erty, In addi#ian. Trust�r
<br /> grants to L�nder� Uniform Commereial Cade security interes�in the Personal Praperty and Rents.
<br /> TH1S DEED�F TRUST, INCLIIDIN�THE A55EGNIVIENT�F RENTS AND THE SECURITY�NTEl�EST!N THE RENTS AN�
<br /> PERSflNAL PR�PERTY, IS GlVEN TQ SECURE IA� PAYMENT QF THE INDEBTE��iESS ANO �By PERF�RMANCE �F
<br /> ANY AND ALL �BLiGATI�NS UNDER THE NDTE, THE RELATED D�CUMENTS, AND THlS DEED QF TRlJST. THlS
<br /> DEED�F TR�IST IS G�V�N AND A�CEPTED�N THE F�LLDVVIIIi�TERNfS:
<br /> PAYMENT ANL] PERF�R1VlANCE. Except as otherwise pro�ided in this Deed ofi Trust, Trustar shall pay to Lender all
<br /> amounts secured by this Deed o� Trust as they become due, and sha�# strFct�y and in a time�y manner perform all of
<br /> Trustar's obligativns undec the Note,this Deed vf Trust, and the Related Da�um�nts.
<br /> PD5SESSlDN AND MAINTENANCE DF THE PRQPERTY. Trustor agrees that Trustor`s possession and use of the
<br /> Property shall he ga�erned �y�he following pro�is�ons:
<br /> Possession �nd UsB. Until th� occurrenc� of an ��e�t vf De�ault, Trustor may t1} remain in possession and
<br /> con�r�l of the Praperty; {2y use. operate or manage the Pr�perty; and {3y Gollect the Rents from the Prvperty.
<br /> Duty to M�intain. Trustor shall maintain the Property in tenantable condition and prompt�y pecform afl repairs�
<br /> replacements, and maintenance necessary ta pres�r�e its�alue.
<br /> Compliance Vlli#h En�ironment�l Laws. Trustar represents and warrants tv Lender that: �1 y During the per�ad of
<br /> Trustar's❑wnershEp of the Prap�rty, there t�as been no usg, generation, manufacture� s#orage,treatmen�, disposal,
<br /> release or threatened re�ease vf any Hazardous 5ubs�ance hy any person on, under, about ar from the Praperty;
<br /> �2j Trustor has no knowledge o'�, ❑r reason tv be�ie�e that there has been, except as pre�i�usly disclvsed to and
<br /> acknawledged by Lender in writing, taf any hreach a� �ivla�ivn af any En�iranm�ntal Laws, �b} any use,
<br /> generatian. manufacture, storage, treatment, dispasal� release or threatened release af any Ha�ardvus Substance
<br /> on, ur�der� ahaut or from the Property by any prior nwr�ers or occupants af the Property, or ��� any actual ar
<br /> threatened litigation or claims a# any k�nd by any person relating tv such matte�s; and �3� Ex�ept as p�evious4y
<br /> disclosed ta and acknvwledged by Lender in writing, �af n�ither Trustvr nor any tenant, cantraCtar. agent or ather
<br /> authar��ed user af the �'roperty sha��use, generate, manufacture, stare. treat, dispose❑f or release any Hazardvus
<br /> Substance on, under� about or from the Property; and �b� any such acti�#ty shall be conducted in cvmpliance with
<br /> all applicable federal, state, and local laws, regu�ativns and ordinances, in�luding withvut limitation a!!
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