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<br /> RECORDATION RE(�UESTED BY: �
<br /> Platte Valley State Bank&Trust Company
<br /> 2223 Second Avenue
<br /> P.O.Box 430
<br /> Kearney, NE 68848-0430
<br /> WHEN RECORDED MAIL TO:
<br /> Platte Valley State Bank&Trust Company
<br /> 2223 Second Avenue
<br /> P.O.Box 430 ��
<br /> Kearney,NE 68848-0430 °
<br /> c�
<br /> SEND TAX NOTICES TO: �,
<br /> GERALD L.DULITZ and NANCY J.DULITZ
<br /> 3014 11TH AVENUE
<br /> KEARNEY, NE 68847
<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST IS DATED MARCH 1, 1999, among GERALD L. DULITZ and NANCY J. DULITZ, Husband
<br /> and Wife, whose address is 3014 11TH AVENUE, KEARNEY, NE 68847 (referred to below as "Trustor"); Platte
<br /> Valley State Bank & Trust Company, whose address is 2223 Second Avenue, P.O. Box 430, Kearney, NE
<br /> 68848-0430 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Platte Valley
<br /> State Bank & Trust Company, whose address is 2223 Second Avenue, P. O. Box 430, Kearney, NE 68848
<br /> (referred to below as "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the 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 easements, 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, roy_alties, and profits relating to the real property, including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, located 111 flall County, State of Nebraska (the "Real
<br /> Property"):
<br /> PARCEL 1: Block Two (2) in Nelsen Subdivision in the City of Grand Island, Hall County, Nebraska.
<br /> PARCEL 2: The Northerly Two Hundred (200.0) feet and the Westerly Seventy (70.0) feet of the
<br /> Southerly Two Hundred Sixty-five (265.0) feet of the Northerly Four Hundred Sixty-five (465.0) feet of
<br /> Lot Five (5), Commercial Industrial Park Subdivision in the City of Grand Island, Hall County, Nebraska.
<br /> The Real Property or its address is commonly known as 2921 West Hwy #30, Grand Island, NE 68801.
<br /> 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
<br /> future leases of the Property and all Rents r'rom the Properry. in addition,Trusiar yrants Lender a Unif�rni Comn�arcial Cude security interest in the
<br /> Rents and the Personal Property defined below.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in this Deed of
<br /> Trust shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts in
<br /> lawful money of the United States of America.
<br /> Guarantor. The word "Guarantor" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improvements. The word "Improvements" means and includes without limitation all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Real Property,facilities,additions, replacements and other construction on the Real Property.
<br /> indebtedness. The word "Indebtedness"means all principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust,
<br /> together with interest on such amounts as provided in this Deed of Trust. In addition to the Note, the word "Indebtedness" includes all
<br /> obligations,debts and liabilities, plus interest thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against
<br /> Trustor,or any one 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,absolute or contingent,liquidated or unliquidated and whether Trustor may be liable individually
<br /> or jointly with others, whether obligated as guarantor or otherwise, and whether recovery upon such Indebtedness may be or hereafter may
<br /> become barred by any statute of limitations,and whether such Indebtedness may be or hereafter may become otherwise unenforceable.
<br /> Note. The word "Note" means the Note dated March 1, 1999, in the principal amount of $700,000.00 from Trustor to Lender,
<br /> together with all renewals, extensions, modifications, refinancings, and substitutions for the Note. NOTICE TO TRUSTOR: THE NOTE
<br /> CONTAINS A VARIABLE INTEREST RATE.
<br /> Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or hereafter
<br />
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