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<br />WHEN RECORDED MAIL TO:
<br />CO ER ONE BANK
<br />Gran Is nd Main Facility
<br />840 h Diers Avenue
<br />Gran s d, NE 68803
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<br />FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated April 20, 2018, among Beau D Toben, whose address is 13075
<br />S 60th Rd, Doniphan, NE 68832 -9813 and Jocelyn N Toben, whose address is 13075 S 60th
<br />Rd, Doniphan, NE 68832 -9813; Husband and Wife ( "Trustor "); CORNERSTONE BANK, whose
<br />address is Grand Island Main Facility, 840 North Diers Avenue, Grand Island, NE 68803
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and
<br />CORNERSTONE BANK, whose address is 529 LINCOLN AVENUE, YORK, NE 68467 (referred
<br />to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real
<br />property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including, stock in utilities with
<br />ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in Hall County,
<br />State of Nebraska:
<br />Part of the North Half of the Northwest Quarter (N1/2 NW1 /4) of Section Fifteen (15),
<br />Township Nine (9) North, Range Ten (10), West of the 6th P.M., Hall County, Nebraska,
<br />more particularly described as follows: BEGINNING at a "U" Post at the Southwest corner
<br />of the Northwest Quarter of Section Fifteen and assuming the West line of said Northwest
<br />Quarter as bearing N 00 °04'34 "E and all bearing contained herein are relative thereto;
<br />thence N00 °04'34 "E on said West line of the Northwest Quarter a distance of 1320.53
<br />feet in a 5/8" rebar w /cap at Southwest corner of the North Half of said Northwest Quarter;
<br />thence continuing N 00 °04'34 "E on the West line of the Northwest Quarter a distance of
<br />66.00 feet to a 5/8" rebar w /cap; thence S 89°18'31"E parallel to the South line of said
<br />North Half of the Northwest Quarter a distance of 494.77 feet to a 5/8" rebar w /cap,
<br />thence N 56°13'53"E a distance of 820.33 feet to a 5/8" rebar w /cap; thence S
<br />89°18'31"E a distance of 547.30 feet to a 5/8" rebar w /cap; thence S00 °41'29 "W a
<br />distance of 530.17 feet to a 5/8" rebar w /cap on said South line of the North Half of the
<br />Northwest Quarter; thence N 89°18'31"W on said South line of the North Half of the
<br />Northwest Quarter a distance of 1717.74 feet to the Point of Beginning
<br />The Real Property or its address is commonly known as 12205 S Monitor Road, Doniphan, NE
<br />68832. The Real Property tax identification number is 400231859.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and
<br />interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br />grants to Lender a Uniform Commercial Code security 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
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br />PERSONAL PROPERTY, IS ALSO GIVEN TO SECURE ANY AND ALL OF TRUSTOR'S OBLIGATIONS UNDER THAT
<br />CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN TRUSTOR AND LENDER OF EVEN DATE HEREWITH. ANY
<br />EVENT OF DEFAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED DOCUMENTS
<br />REFERRED TO THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF
<br />TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br />amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br />Property shall be governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
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