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WHEN RECORDED MAIL TO:
<br />FIVE POINTS BANK OF HASTINGS
<br />MAIN BANK
<br />2815 OSBORNE DRIVE WEST
<br />HASTINGS, NE 68901
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<br />FOR RECORDER'S USE ONLY
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<br />000000000000021615034010042021*
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<br />I III
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated October 4, 2021, among RORY L VOLK, whose address is 109
<br />HOFFMAN AVE, DONIPHAN, NE 68832 and JAYME J VOLK, whose address is 109
<br />HOFFMAN AVE, DONIPHAN, NE 68832; HUSBAND AND WIFE ("Trustor"); FIVE POINTS
<br />BANK OF HASTINGS , whose address is MAIN BANK, 2815 OSBORNE DRIVE WEST,
<br />HASTINGS, NE 68901 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and Five Points Bank of Hastings, whose address is 2815 Osborne Drive West,
<br />Hastings, NE 68901 (referred 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 relatingto the real property, including without
<br />Mai
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "eal Property") located in HALL
<br />County, State of Nebraska:
<br />Lot Twenty-one (21), Hoffman Second Subdivision, an addition to the Village of Doniphan,
<br />Hall County, Nebraska
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<br />.4 The Real Property or its address is commonly known as 109 HOFFMAN AVE, DONIPHAN, NE
<br />N68832.
<br />1 ( f'1 REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving
<br />✓) line of credit, which obligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the
<br />1'x'1 Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that
<br />the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or
<br />variable rate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts
<br />(f expended or advanced as provided in this paragraph, shall not exceed the Credit Limit as provided in the Credit
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<br />y� Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the
<br />Credit Agreement from time to time from zero up to the Credit Limit as provided in the Credit Agreement and any
<br />intermediate balance.
<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 />EACH OF TRUSTOR'S AGREEMENTS AND OBLIGATIONS UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS
<br />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 Credit Agreement, 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.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so
<br />long as this Deed of Trust remains a lien on the Property, used for the generation, manufacture, storage,
<br />treatment, disposal, release or threatened release of any Hazardous Substance in violation of any Environmental
<br />Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such inspections and tests as
<br />Lender may deem appropriate to determine compliance of the Property with this section of the Deed of Trust.
<br />Trustor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event
<br />Trustor becomes liable for cleanup or other costs under any such laws, and (2) agrees to indemnify, defend, and
<br />ON 1N3Wfl 1SN1 SV aR31NI
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