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<br /> 203 Little Canada Rd NEBRASKA 66200105031440001
<br /> Ste 200 00485//v�x01 ��
<br /> St. l'aul, MN 5511 i DEED OF TRUST
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<br /> PLORffiQCS HOAGLAND LARRY R. HOAGLAND, FLORBNCE I. HOAGLAND, HBBBAND AND AiIFS
<br /> LARRY HOA6LAND
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<br /> 301 CHIIRCH
<br /> DOd�iiPAAN, NS 688320326
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<br /> ;;;TEF.EPFIi'�IE Nb .;,!! ,, ;ICENYIF�A'I'kiM MKi..,:...::. �4N�N0 ''.: ; . ; , , ., ,�3�1`I'�FICkt'KSN NO:
<br /> 505-66-6017
<br /> TRUSTEE: II.B. BANK NATIONAL A880CIATIO�i
<br /> FARaO, ND 58103 � �-
<br /> n consi eration o t e oan or ot r cre rt accommo ation erema er spea i an any uture a ances or uture igations,as e ned erein,w ic
<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.s. BANK NATIONAL A880CIATION ND
<br /> ("Lender"), the
<br /> benefiaary under this Deed of Trust,un r and subject to the terms and conditions herein set forth,with right of entry 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 this reference,together with all preserrt and future improvements and fixtures;all tangible personal property including without limitation all machinery,
<br /> equipment, builc�ng materials, and goods of every nature (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, hereditamerits, and appurtenances including atl development rights associated with the Property,
<br /> whether previously or subsequently iransferred 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 agreemants;rents,issues and profits;water,well,ditch,reservoir and mineral rights and stocks pertaining to ihe real
<br /> property(cumulatively"Property");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 furlher consideration,Grantor does,for Grantor and Grantor's heirs,representatives and assigns,hereby expressly warrant,covenant,and
<br /> agree with Lender and Trustee and their successors and assigns as follows:
<br /> 1. OBLIGATIONS. This Deed of Trust shall secure the payment and performance of all present and future indebtedness, liabilfties, obligations and
<br /> covenants of BoROwer or Grantor(cumulatively"Obligations")to Lender pursuant to:
<br /> (a)this Deed of Trust and the following promissory notes and other agreements:
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<br /> 45,252.17 04/12/99 04/30/09 66200105031440001
<br /> (b)all other present or ure,wntten agreemen s wtt en er t at re er speci ca y to t is o rust w e er execu or e same or different
<br /> purposes than the foragoing);
<br /> (c) any guaranty of obligations of other parties given to Lender now or hereafter exea�ted that refers to this Deed of Trust;
<br /> (d) future advances,whether obligatory or optional,to the same exterrt as if made contemporaneously with the execution of this 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 paymern in full of all debt due under the line notwithstanding the fact that from time to time(but before termination of the line)no balance may be
<br /> outstanding. At 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 induding sums advanced by Lender to protect the security of this Deed of Trust,exceed fhe following amount: $ as,�s�_„
<br /> This provision shall not constituto an obligation upon or comrrritment of Lender to make additional advances or loans to Grantor;and
<br /> (e)all amendments,extensions,renewals,modifications,replacemerrts or substNutions 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 covenarrts to Lender that:
<br /> (a) Grarrtor has fee simple marketable title to ihe 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 to pay and perform in a timely manner;
<br /> (b) Grantor is in compliance in all respects with all applicable federal,state and local laws and regulations,induding,without limitation,those relating to
<br /> "Hazardous Materials,"as de8ned herein, and other environmental matters(the "Environmental Laws"),and neither the federal govemment nor any
<br /> other govemmental or quasi govemmental entity has filed a lien on the Property,nor are there any govemmental,judicial or administrative actions with
<br /> respect to ernrironmental matters 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 party has used, generated,released,discharged, stored,or disposed of any Hazardous Materials as defined
<br /> herein,in connection with the Property or transporled any Hazardous Materials to or from ihe Property. Grantor shall not conrnit 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 /> govemmeMal authority induding,but not 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 Seotion 311 of the Clean Water Act or listed pursuant to Section 307 of the
<br /> Clean Water Acl or any amendments or replacements to these statutes; (v)ihose substances, materials or wastes defined as a"hazardous waste"
<br /> pursuarrt 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 replacemerns to that statute or any other similar state or federal statute, rule, regulation or
<br /> ordinance now or hereafter in effect. Grantor shall not lease or pemrt the sublease of the Property to a tenant or subtenant whose operations may
<br /> result in contamination of the Property with Hazardous Mate�als or toxic substances;
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