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DEED OF TRUST MAXIMUM LIEN. The lion of this Deed of Trust shall not exceed at any one time $96,000.00. THIS DEED OF TRUST Is dated October 12, 2001, among Dale Semm, as husband and joint debtor, whose address Is 4851 W. Abbott Road, Grand Island, NE 68803 and Diane Semm, as wife and joint debtor, whose address Is 4851 W. Abbott Road, Grand Island, NE 68803 ("Trustor"); Bank of Clarks, whose address Is 301 N. Green., P.O. Box 125, Clarks, NE 68628-0126 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Bank of Clarks, whose address Is 301 N. Green, P.O. Box 126, Clarks, NE 68628-0125 (referred to below as "Trustee"). CONVEYANCE AND GRANT. For valuable consideration, Trustor convoys to Trustee In trust, WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustoes right, title, and interest in and to the following described real property, together with all existing or subsequently erected or afted buildings, improvements and fixtures-, all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock In utilities with ditch or iffigation rights); and all other r hts, to altos, and rofits relatinq to the real roperty, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Neal groperty"� located in Hall eounty, State of Nebraska: Lot Five (6), Block Seven (7), In John Voitle's Addition to the City of Grand Island, Hall County, Nebraska. The Real Property or Its address is commonly known as 504 E. 7th Street, Grand Island, NE 68801. FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon. 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 and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property', and Rents, THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (13) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise', provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner, perform all of Trustoes obligations under the Note, this Dead of Trust, and the Related Docurnents. POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of theProparly shall be governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, TrustDr may (1) remain in possession and control of the Property; (2) use, operate or manage the Property, and (3) collect the Rents from the Property. Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance necessary to preserve Its value, Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustoes ownership of the Property, there has been no use, generation, manufacture, storage, treatment disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or 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 person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and ordinarres, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such Inspections and tests, at Trustor's expense, as Lender may doom appropriate to determine compliance of the Property with this section of the Dead of Trust. Arty inspections or tests made by Lender shall be for Lender's purposes only and shall not be construed to create any responsibility or liability, on the part of Lender to Trustor or to any other person. The reprosentations and warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes [table for cleanup or other costs under any such laws; and (2) agrees to indemnity and hold harmless Lender against any and all claim, losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from 'a breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened release occurring prior to Trustor's ownership or Interest in the Property, whether or not the same was or should have been known to Trustor. The provisions of this section of Me Deed of Trust including the obligation to Indemnity, shall survive the payment of the Indebtedness and the satisfaction and reconvoyance of the lion of this Deed of Trust and shall not be affected by Lender's acquisition of any Interest in the Property, whether by foreclosure or otherwise. Nuisance, West& Trustor shall not cause, conduct or permit any u1sance nor commit, permit, or suffer any stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grant to any other patty the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products without Lender's prior written consent Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lenders prior written rim M C> co M C:> CID Z = M >00 -.q M CD cm C> WHEN RECORDED MAIL TO: M Bank of Clarke 301 N. Green CO2 200110591 P.O. Box 126 C:t Clarks, NE H120-0125 rn DEED OF TRUST MAXIMUM LIEN. The lion of this Deed of Trust shall not exceed at any one time $96,000.00. THIS DEED OF TRUST Is dated October 12, 2001, among Dale Semm, as husband and joint debtor, whose address Is 4851 W. Abbott Road, Grand Island, NE 68803 and Diane Semm, as wife and joint debtor, whose address Is 4851 W. Abbott Road, Grand Island, NE 68803 ("Trustor"); Bank of Clarks, whose address Is 301 N. Green., P.O. Box 125, Clarks, NE 68628-0126 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Bank of Clarks, whose address Is 301 N. Green, P.O. Box 126, Clarks, NE 68628-0125 (referred to below as "Trustee"). CONVEYANCE AND GRANT. For valuable consideration, Trustor convoys to Trustee In trust, WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustoes right, title, and interest in and to the following described real property, together with all existing or subsequently erected or afted buildings, improvements and fixtures-, all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock In utilities with ditch or iffigation rights); and all other r hts, to altos, and rofits relatinq to the real roperty, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Neal groperty"� located in Hall eounty, State of Nebraska: Lot Five (6), Block Seven (7), In John Voitle's Addition to the City of Grand Island, Hall County, Nebraska. The Real Property or Its address is commonly known as 504 E. 7th Street, Grand Island, NE 68801. FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon. 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 and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property', and Rents, THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (13) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise', provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner, perform all of Trustoes obligations under the Note, this Dead of Trust, and the Related Docurnents. POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of theProparly shall be governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, TrustDr may (1) remain in possession and control of the Property; (2) use, operate or manage the Property, and (3) collect the Rents from the Property. Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance necessary to preserve Its value, Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustoes ownership of the Property, there has been no use, generation, manufacture, storage, treatment disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or 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 person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and ordinarres, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such Inspections and tests, at Trustor's expense, as Lender may doom appropriate to determine compliance of the Property with this section of the Dead of Trust. Arty inspections or tests made by Lender shall be for Lender's purposes only and shall not be construed to create any responsibility or liability, on the part of Lender to Trustor or to any other person. The reprosentations and warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes [table for cleanup or other costs under any such laws; and (2) agrees to indemnity and hold harmless Lender against any and all claim, losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from 'a breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened release occurring prior to Trustor's ownership or Interest in the Property, whether or not the same was or should have been known to Trustor. The provisions of this section of Me Deed of Trust including the obligation to Indemnity, shall survive the payment of the Indebtedness and the satisfaction and reconvoyance of the lion of this Deed of Trust and shall not be affected by Lender's acquisition of any Interest in the Property, whether by foreclosure or otherwise. Nuisance, West& Trustor shall not cause, conduct or permit any u1sance nor commit, permit, or suffer any stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grant to any other patty the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products without Lender's prior written consent Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lenders prior written rim C> co C> --q C:> CID = M -.q M CD cm C> M CO2 C:t rn r- 1> CD Cil Cn ta Ca • FOR RECORDER'S USE ONLY DEED OF TRUST MAXIMUM LIEN. The lion of this Deed of Trust shall not exceed at any one time $96,000.00. THIS DEED OF TRUST Is dated October 12, 2001, among Dale Semm, as husband and joint debtor, whose address Is 4851 W. Abbott Road, Grand Island, NE 68803 and Diane Semm, as wife and joint debtor, whose address Is 4851 W. Abbott Road, Grand Island, NE 68803 ("Trustor"); Bank of Clarks, whose address Is 301 N. Green., P.O. Box 125, Clarks, NE 68628-0126 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Bank of Clarks, whose address Is 301 N. Green, P.O. Box 126, Clarks, NE 68628-0125 (referred to below as "Trustee"). CONVEYANCE AND GRANT. For valuable consideration, Trustor convoys to Trustee In trust, WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustoes right, title, and interest in and to the following described real property, together with all existing or subsequently erected or afted buildings, improvements and fixtures-, all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock In utilities with ditch or iffigation rights); and all other r hts, to altos, and rofits relatinq to the real roperty, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Neal groperty"� located in Hall eounty, State of Nebraska: Lot Five (6), Block Seven (7), In John Voitle's Addition to the City of Grand Island, Hall County, Nebraska. The Real Property or Its address is commonly known as 504 E. 7th Street, Grand Island, NE 68801. FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon. 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 and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property', and Rents, THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (13) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise', provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner, perform all of Trustoes obligations under the Note, this Dead of Trust, and the Related Docurnents. POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of theProparly shall be governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, TrustDr may (1) remain in possession and control of the Property; (2) use, operate or manage the Property, and (3) collect the Rents from the Property. Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance necessary to preserve Its value, Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustoes ownership of the Property, there has been no use, generation, manufacture, storage, treatment disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or 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 person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and ordinarres, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such Inspections and tests, at Trustor's expense, as Lender may doom appropriate to determine compliance of the Property with this section of the Dead of Trust. Arty inspections or tests made by Lender shall be for Lender's purposes only and shall not be construed to create any responsibility or liability, on the part of Lender to Trustor or to any other person. The reprosentations and warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes [table for cleanup or other costs under any such laws; and (2) agrees to indemnity and hold harmless Lender against any and all claim, losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from 'a breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened release occurring prior to Trustor's ownership or Interest in the Property, whether or not the same was or should have been known to Trustor. The provisions of this section of Me Deed of Trust including the obligation to Indemnity, shall survive the payment of the Indebtedness and the satisfaction and reconvoyance of the lion of this Deed of Trust and shall not be affected by Lender's acquisition of any Interest in the Property, whether by foreclosure or otherwise. Nuisance, West& Trustor shall not cause, conduct or permit any u1sance nor commit, permit, or suffer any stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grant to any other patty the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products without Lender's prior written consent Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lenders prior written