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<br /> When Recorded�Re���'aa- •
<br /> C.I. Title, Inc. �
<br /> 203 Little Canada �Zc: NEBRASKA 66200104512780001 �
<br /> Ste 200 DEED OF TRUST 00483//CMB32 �
<br /> St. Paul, MN 55 r 1 i - �,,. � �+ -
<br /> sQ��ow�� _ _ c�Mr+��
<br /> MICHAEL S. TOIIRNOR MICAAEL TODRNOR, A SINGLE PSRSON
<br /> ac3n�es� _ , a�nR�SS _
<br /> 2422 TAYLOR AVE
<br /> GRAND ISLFiND, NE 688032035
<br /> 'CEi.EpHON�Nb. ' IDEN'flFICATION FIO. 'CEE.EAH�iNE N4. IDEN7�IGATK�V#10.
<br /> _ __ _ _ 506-58-9524
<br /> TRUSTEE: U.S. BANK NATIONAL ASSOCIATION n 1 �J ' . ' � �S I, /
<br /> FARGO, ND 58103 �� � � � �� o
<br /> In consideration of the loan or other credit accommodation e ina er specified and any future advances or future Obligations,as defined herein,which
<br /> may hereinafter be advanced or incurred and the trust hereinafter mentioned and other good and valuable consideration,the receipt and sufficiency of which
<br /> are hereby acknowledged, Grantor hereby irrevocably warrants, bargains, sells, transfers, grants, conveys and assigns to Trustee, his successors and
<br /> assigns,IN TRUST WITH POWER OF SALE for the benefit and security of II.9. BANK NATIONAL ASSOCIATION ND
<br /> ("Lender"), the
<br /> beneficiary under this Deed of Trust,under and subject to ihe terms and conditions herein set forth,with right of enlry and possession all of Grantor's present
<br /> and future estate,right,title and interest in and to the real property described in Schedule A which is attached to this Deed of Trust and incorporated herein
<br /> by ihis reference, together with all present and future improvemenis and fixtures; all tangible personal property including without limilation all machinery,
<br /> equipment, building materials, and goods of every nalure (excluding consumer goods) now or hereafter located on or used in connection with the real /
<br /> property,whether or not affixed to the land; privileges, hereditaments, and appurtenances including all development rights associated with the Property,
<br /> whether previously or subsequently transferred to the Property from other real property or now or hereafter susceptible of transfer from this Property to other
<br /> real property;leases,licenses and other agreements;rents,issues and profits;water,well,ditch,reservoir and mineral rights and stocks penaining to the real
<br /> property (cumulatively"Propeny");to have and to hold the Property and the rights hereby granted for the use and benefit of Lender, his successors and
<br /> assigns,until payment in full of all Obligations secured hereby.
<br /> Moreover,in funher consideration,Grantor does,for Grantor and Grantor's heirs,representatives and assigns,hereby expressly warrant,covenant,and
<br /> agree with Lender and Truslee and their successors and assigns as follows:
<br /> 1. OBLIGATIONS. This Deed of Trust shall secure the payment and pertormance of all present and future indebtedness, liabilities, obligations and
<br /> covenants of Borrower or Grantor(cumulatively"Obligations")to Lender pursuant to:
<br /> (a)this Deed of Trust and the following promissory notes and other agreements:
<br /> ! PRICVGEPAL AMOUN71 ' ' 1+[€)'1'�1 NEATLIRITY ' LdAN
<br /> i
<br /> GR�RITL[I��T ACiRF.&M�N��ATE.;: �7A1'� Ni1Nt6EFC
<br /> 101,730.00 03/15/99 04/O1/19 66200104512780001
<br /> (b)all other present or uture,written agreements wi1 en er t at re er spea ica y to t is ee o rust w e er execu or t e same or different
<br /> purposes than the foregoing);
<br /> (c) any guaranty of obligalions of other parties given to Lender now or hereafter executed that refers to this Deed of Trust;
<br /> (d) future advances,whether obligatory or optional,to the same extent as if made contemporaneously with the execution of ihis Deed of Trust,made or
<br /> extended on behalf of Grantor or Borrower. Grantor agrees that if one of the Obligations is a line of credit,the lien of this Deed of Trust shall continue
<br /> until payment in full of all debt due under lhe line notwithsianding the fact thai from time to time(but before termination of the line)no balance may be
<br /> outstanding. Al no time during the term of this Deed of Trust or any extension thereof shall the unpaid and outstanding secured principal future
<br /> advances,not including sums advanced by Lender to protect the security of this Deed of Trust,exceed the following amount: $ i oi,23n_on
<br /> This provision shall not constitute an obligation upon or commitment of Lender to make additional advances or loans to Grantor;and
<br /> (e)all amendmenls,extensions,renewals,modifications,replacements or substitulions to any of the foregoing.
<br /> As used in this Paragraph 1,the terms Grantor and Borrower shall include and also mean any Grantor or Borrower if more than one.
<br /> 2. REPRESENTATIONS,WARRANTIES AND COVENANTS. Grantor represents,warrants and covenants to Lender that:
<br /> (a) Grantor has fee simple marketable title to the Property and shall maintain the Property free of all liens,security interests,encumbrances and claims
<br /> except for this Deed of Trust and those described in Schedule B,which is attached to this Deed of Trust and incorporated herein by reference,which
<br /> Grantor agrees lo pay and perform in a timely manner;
<br /> (b) Grantor is in compliance in all respects with all applicable federai,state and local laws and regulations,including,without limitation,those relating to
<br /> "Hazardous Materials,"as defined herein, and other environmental matters(the "Environmental Laws"), and neither the federal government nor any
<br /> other governmental or quasi governmental entity has filed a lien on the Property,nor are there any governmental,judicial or administrative actions with
<br /> respect to environmental mariers pending,or to the best of the Grantor's knowledge,threatened,which involve the Property. Neither Grantor nor,to the
<br /> best of Grantor's knowledge, any other paAy has used, generated, released,discharged, stored, or disposed of any Hazardous Materials as defined
<br /> herein,in connection with the Property or transported any Hazardous Materials to or from the Property. Grantor shall not commit or permit such actions
<br /> to be taken in the future. The term "Hazardous Materials" shall mean any substance, material, or waste which is or becomes regulated by any
<br /> governmental authority including,but no1 limited to,(i)petroleum;(ii)friable or nonfriable asbestos;(iii)polychlorinated biphenyls;(iv)those substances,
<br /> materials or wastes designated as a"hazardous substance" pursuant to Section 311 of the Clean Water Act or listed pursuant to Section 307 of the
<br /> Clean Water Act or any amendments or replacements to these statutes; (v) those substances, materials or wastes defined as a"hazardous waste"
<br /> pursuant to Section 1004 of the Resource Conservation and Recovery Act or any amendments or replacements to that statute; and (vi) those
<br /> substances, materials or wastes defined as a "hazardous substance" pursuant to Section 101 of the Comprehensive Environmental Response,
<br /> Compensation and Liability Act, or any amendments or replacements to that statute or any other similar state or federal statute, rule, regulation or
<br /> ordinance now or hereafler in effect. Grantor shall not lease or permit the sublease of the Property to a tenant or subtenant whose operations may
<br /> result in contamination of the Property with Hazardous Materials or toxic substances;
<br /> Pano 1 nf F .........''.�
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