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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated September 21, 20000, among RUDOLF F PLATE and JEANNICE R PLATE,
<br />HUSBAND AND WIFE AND TIM C PLATE, AN UNMARRIED INDIVIDUAL. ("Trustor "); United Nebraska Bank,
<br />whose address is PO Box 501&700 North Webb Road, Grand Island, NE 68801 (referred to below
<br />sometimes as "Lender" and sometimes as "Beneficiary"); and United Nebraska Bank, whose address is 700
<br />N. Webb, Grand Island, NE 68802 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consldsratlon, Trwtor convoys to Trustee In trust, WITH POWER OF SALE, for Itie benefit of
<br />Lender as Beneficiary, 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 easemenis, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real props including
<br />without limitation all minerals, oil, gas, geothermal and sWnkr matters, (the "Red Property ") located in Hall County,, State of
<br />Nebraska:
<br />Lot Seventeen (17), in Island Acres Number 7, In the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address Is commonly known as 2925 W. State St., Grand Island, NE 68803.
<br />Trustor presently assigns to Lender (also known 49 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 AN 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 D® 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that (a) this Deed of Trust is executed at Borrower's request and not
<br />at the request of Lender, (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the Property; (c)
<br />the provisions of this Deed of Trust do not conflct with, or result in a defauft under any agreement or other instrument binding upon Trustor and
<br />do not resuti in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has established adequate means of
<br />obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no representation to
<br />Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waives all rigtds or defenses arising by reason of any "one action" or "anti- deficiency" law, or any odw law
<br />which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise entitled to a
<br />claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of
<br />sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness secured by
<br />this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the Note, this Deed of
<br />Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and 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 Def4ufi, Trustor may (1) remain in possession and control of the Property; (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 tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated September 21, 20000, among RUDOLF F PLATE and JEANNICE R PLATE,
<br />HUSBAND AND WIFE AND TIM C PLATE, AN UNMARRIED INDIVIDUAL. ("Trustor "); United Nebraska Bank,
<br />whose address is PO Box 501&700 North Webb Road, Grand Island, NE 68801 (referred to below
<br />sometimes as "Lender" and sometimes as "Beneficiary"); and United Nebraska Bank, whose address is 700
<br />N. Webb, Grand Island, NE 68802 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consldsratlon, Trwtor convoys to Trustee In trust, WITH POWER OF SALE, for Itie benefit of
<br />Lender as Beneficiary, 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 easemenis, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real props including
<br />without limitation all minerals, oil, gas, geothermal and sWnkr matters, (the "Red Property ") located in Hall County,, State of
<br />Nebraska:
<br />Lot Seventeen (17), in Island Acres Number 7, In the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address Is commonly known as 2925 W. State St., Grand Island, NE 68803.
<br />Trustor presently assigns to Lender (also known 49 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 AN 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 D® 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that (a) this Deed of Trust is executed at Borrower's request and not
<br />at the request of Lender, (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the Property; (c)
<br />the provisions of this Deed of Trust do not conflct with, or result in a defauft under any agreement or other instrument binding upon Trustor and
<br />do not resuti in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has established adequate means of
<br />obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no representation to
<br />Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waives all rigtds or defenses arising by reason of any "one action" or "anti- deficiency" law, or any odw law
<br />which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise entitled to a
<br />claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of
<br />sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness secured by
<br />this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the Note, this Deed of
<br />Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and 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 Def4ufi, Trustor may (1) remain in possession and control of the Property; (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 tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
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