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<br />WHEN RECORDED MAIL TO:
<br />PATHWAY BANK
<br />CAIRO BRANCH
<br />306 S HIGH ST
<br />PO BOX 428
<br />CAIRO , NE 68824
<br />AV
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time
<br />$1,500,000.00.
<br />THIS DEED OF TRUST is dated December 16, 2021, among Bosselman Real Estate, LLC,
<br />whose address is 3123 Stolley Park Rd, Ste A, Grand Island, Nebraska 68801 ("Trustor");
<br />PATHWAY BANK, whose address is CAIRO BRANCH, 306 S HIGH ST, PO BOX 428, CAIRO,
<br />NE 68824 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br />Pathway Bank, whose address is 306 S High St, Cairo, NE 68824 (referred to below as
<br />"Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF
<br />SALE, 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 easements,
<br />rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation
<br />rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas,
<br />geothermal and similar matters, (the "Real Property") located in Hall County, State of Nebraska:
<br />Lot Three (3), Bosselman Business Park Subdivision, in the City of Grand Island,
<br />Nebraska. F.al1. County
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<br />The Real Property or its address is commonly known as Grand Island, NE 68802. The Real
<br />Property tax identification number is 400130570.
<br />CROSS -COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus
<br />interest thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor or any one
<br />or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether
<br />voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent,
<br />liquidated or unliquidated, whether Trustor may be liable individually or jointly with others, whether obligated as guarantor,
<br />surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred
<br />by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise
<br />unenforceable.
<br />THIS IS A CONSTRUCTION SECURTIY AGREEMENT THAT SECURES AN OBLIGATION WHICH THE TRUSTOR
<br />INCURRED FOR THE PURPOSE OF MAKING AN IMPROVEMENT OF THE REAL ESTATE WHICH IS LEGALLY
<br />DESCRIBED HEREIN AND IN WHICH THE SECURITY INTEREST GRANTED HEREIN IS GIVEN.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in
<br />and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a
<br />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
<br />AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE
<br />OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST.
<br />THIS DEED OF 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 Trustor's
<br />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 control of
<br />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 tenantable condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br />Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal,
<br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; (2)
<br />Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and
<br />ENTERED Aj iiiSTRUMENT NO
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