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DEED OF TRUST
<br />THIS DEED OF TRUST is dated September 11, 2000, among JOHN S DEMMERS and MARY JANE
<br />DEMMERS; HUSBAND AND WIFE ( "Trustor "); United Nebraska Bank, whose address is PO Box 5018/700
<br />North Webb Road, Grand Island, NE 68801 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and United Nebraska Bank, whose address Is 700 N. Webb, Grand island, HE 68802
<br />(referred to below as "Trustee "�
<br />CONVEYANCE AND GRANT. For valuable conaidsrMbn, TrustOr coinveys b Trustee In trust, WITH POWER OF SALE, for �e benefit of
<br />Lender as Benef Clary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all otter rights royalties, and profits relating to the real property including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the Real Oroperty) located in HALL County, gtate of
<br />Nebraska:
<br />ALL OF LOT SIX (6), AND THE WESTERLY ONE —HALF (W 1/2) OF LOT SEVEN (7), IN BLOCK FIFTY (50�
<br />IN WASMER'S THIRD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRAKSA.
<br />The Real Property or Its address Is commonly known as 517 S GRANT, GRAND ISLAND, NE 68803.
<br />Trustor presently assigns to lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and Interest In and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS; AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this Deed of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustgr agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain In possession and control of the Properly; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve Its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's owniship of
<br />the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous ,
<br />Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to bellow that two has been,
<br />except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about'llir ^ :=
<br />from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigation or claims of any kind by any
<br />person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dbpose of or rslems Any
<br />Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with 1111
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated September 11, 2000, among JOHN S DEMMERS and MARY JANE
<br />DEMMERS; HUSBAND AND WIFE ( "Trustor "); United Nebraska Bank, whose address is PO Box 5018/700
<br />North Webb Road, Grand Island, NE 68801 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and United Nebraska Bank, whose address Is 700 N. Webb, Grand island, HE 68802
<br />(referred to below as "Trustee "�
<br />CONVEYANCE AND GRANT. For valuable conaidsrMbn, TrustOr coinveys b Trustee In trust, WITH POWER OF SALE, for �e benefit of
<br />Lender as Benef Clary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all otter rights royalties, and profits relating to the real property including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the Real Oroperty) located in HALL County, gtate of
<br />Nebraska:
<br />ALL OF LOT SIX (6), AND THE WESTERLY ONE —HALF (W 1/2) OF LOT SEVEN (7), IN BLOCK FIFTY (50�
<br />IN WASMER'S THIRD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRAKSA.
<br />The Real Property or Its address Is commonly known as 517 S GRANT, GRAND ISLAND, NE 68803.
<br />Trustor presently assigns to lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and Interest In and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS; AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this Deed of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustgr agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain In possession and control of the Properly; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve Its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's owniship of
<br />the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous ,
<br />Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to bellow that two has been,
<br />except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about'llir ^ :=
<br />from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigation or claims of any kind by any
<br />person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dbpose of or rslems Any
<br />Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with 1111
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