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200112304 <br />NEBRASKA <br />DEED OF TRUST <br />GUERRERO MORALES NORMA C. MORENO and GUERRERO MORALES, <br />NORMA MORENO BOTH SINGLE PERSONS <br />606 5 ST <br />COZAD, NE 69130 <br />TRUSTEE: U. S. BANK TRUST COMPANY, NATIONAL ASSOCIATION <br />PORTLAND, OR 97204 <br />In consideration of thA Inan nr nthar rrwdit arrnmmnrlatinn haminaflar c AfiM and nnv fi ih iro advannee nr h fi ro flhlinofinnc oe r/ufinuV hurufn <br />which may hereinafter be advanced or incurred and the trust hereinafter mentioned and other good and valuable consideration, the receipt and <br />sufficiency of which are hereby acknowledged, Grantor hereby irrevocably warrants, bargains, sells, transfers, grants, conveys and assigns to <br />Trustee, his successors and assigns, IN TRUST WITH POWER OF SALE for the benefit and security of U.S. BANK NATIONAL ASSOCIATION ND <br />( "Lender"),the beneficiary under this Deed of Trust, under and subject to the terms and conditions herein set forth, with right of entry and possession <br />all of Grantors present and future estate, right, title and interest in and to the real property described in Schedule A which is attached to this Deed of <br />Trust and incorporated herein by this reference, together with all present and future improvements and fixtures; all tangible personal property <br />including without limitation all machinery, equipment, building materials, and goods of every nature (excluding consumer goods) now or hereafter <br />located on or used in connection with the real property, whether or not affixed to the land; privileges, hereditaments, and appurtenances including all <br />development rights associated with the Property, whether previously or subsequently transferred to the Property from other real property or now or <br />hereafter susceptible of transfer from this Property to other real property; leases, licenses and other agreements; rents, issues and profits; water, <br />well, ditch, reservoir and mineral rights and stocks pertaining to the real property (cumulatively "Property "); to have and to hold the Property and the <br />rights hereby granted for the use and benefit of Lender, his successors and assigns, until payment in full of all Obligations secured hereby. <br />Moreover, in further consideration. Grantor does, for Grantor and Grantor's heirs, representatives and assigns, hereby expressly warrant, <br />covenant, and 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, liabilities, obligations and <br />covenants of Borrower or Grantor (cumulatively "Obligations ") to Lender pursuant to: <br />(a) this Deed of Trust and the following issory notes and other agreements: <br />(b) all other present or future, written agreements with Lender that refer specifically to this deed of Trust (whether - executed for the same <br />or different purpose than the foregoing); <br />(c) any guaranty of obligations 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 this Dead of Trust, <br />made or extended on behalf of Grantor or Borrower. Grantor agrees that if one of the Obligations is a line of credit, the lion of this Deed of Trust <br />shall continue unfit payment in full of all debt due under the line notwithstanding the fad that from time to time (but before termination of the line) no <br />balance may be outstanding. At no time during the tens of this Deed of Trust or any extension thereof shall the unpaid and outstanding secured <br />principal future advances, not including sums advanced by Lender to protect the security of his Deed of Trust, exceed the following <br />amount: $ 75.000.00• This provision shall not constitute an obligation upon or commitment of Lender to make additional advances or loans to <br />Grantor, and <br />(e) all amendments, extensions, renewals, modifications, replacements or substitutions 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 then 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 <br />claims except for this Deed of Trust and those described in Schedule B, which is attached to this Deed of Trust and incorporated herein by <br />reference, which 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, including, without limitation, those <br />relating to "Hazardous Materials," as defined herein, and other environmental matters (the "Environmental Laws "), and neither the federal <br />government nor any other governmental or quasi governmental entity has filed a lien on the Property, nor are there any governmental, judicial or <br />administrative actions with respect to environmental matters pending, or to the best of the Grantor's knowledge, threatened, which involve the <br />Property. Neither Grantor nor, to the best of Grantor's knowledge, any other party has used, generated, released, discharged, stored, or <br />disposed of any Hazardous Materials as defined herein, in connection with the Property or transported any Hazardous Materials to or from the <br />Property. Grantor shall not commit or permit such actions to be taken in the future. The term "Hazardous Materials" shall mean any substance, <br />material, or waste which is or becomes regulated by any governmental authority including, but not limited to, () petroleum; (ii) friable or nonfriabte <br />asbestos; (iii) polychlorinated biphenyls; (iv) those substances, materials or wastes designated as a "hazardous substance" pursuant to Section <br />311 of the Clean Water Act or listed pursuant to Section 307 of the Clean Water Act or any amendments or replacements to these statutes; (v) <br />those substances, materials or wastes defined as a "hazardous waste" pursuant to Section 1004 of the Resource Conservation and Recovery <br />Act or any amendments or replacements to that statute; and (vi) those substances, materials or wastes defined as a "hazardous substance" <br />pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Ad, or any amendments or replacements to <br />that statute or any other similar state or federal statute, rule, regulation or ordinance now or hereafter in effect. Grantor shall not lease or permit <br />the sublease of the Property to a tenant or subtenant whose operations may result in contamination of the Property with Hazardous Materials or <br />toxic substances; <br />NEDOT Rev. 1297 <br />U -- +-A <br />G/0 <br />page 1 of 7 <br />s,+�1JAi1r <br />y� ►e RTURITY S I E E E :. <br />crulTAfklQttt)i- <br />..... <br />=13ATFt: ,...:,_,, <br />75,000.00 <br />NOVEMBER29,2001 <br />12/01116 00000510019665 <br />(b) all other present or future, written agreements with Lender that refer specifically to this deed of Trust (whether - executed for the same <br />or different purpose than the foregoing); <br />(c) any guaranty of obligations 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 this Dead of Trust, <br />made or extended on behalf of Grantor or Borrower. Grantor agrees that if one of the Obligations is a line of credit, the lion of this Deed of Trust <br />shall continue unfit payment in full of all debt due under the line notwithstanding the fad that from time to time (but before termination of the line) no <br />balance may be outstanding. At no time during the tens of this Deed of Trust or any extension thereof shall the unpaid and outstanding secured <br />principal future advances, not including sums advanced by Lender to protect the security of his Deed of Trust, exceed the following <br />amount: $ 75.000.00• This provision shall not constitute an obligation upon or commitment of Lender to make additional advances or loans to <br />Grantor, and <br />(e) all amendments, extensions, renewals, modifications, replacements or substitutions 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 then 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 <br />claims except for this Deed of Trust and those described in Schedule B, which is attached to this Deed of Trust and incorporated herein by <br />reference, which 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, including, without limitation, those <br />relating to "Hazardous Materials," as defined herein, and other environmental matters (the "Environmental Laws "), and neither the federal <br />government nor any other governmental or quasi governmental entity has filed a lien on the Property, nor are there any governmental, judicial or <br />administrative actions with respect to environmental matters pending, or to the best of the Grantor's knowledge, threatened, which involve the <br />Property. Neither Grantor nor, to the best of Grantor's knowledge, any other party has used, generated, released, discharged, stored, or <br />disposed of any Hazardous Materials as defined herein, in connection with the Property or transported any Hazardous Materials to or from the <br />Property. Grantor shall not commit or permit such actions to be taken in the future. The term "Hazardous Materials" shall mean any substance, <br />material, or waste which is or becomes regulated by any governmental authority including, but not limited to, () petroleum; (ii) friable or nonfriabte <br />asbestos; (iii) polychlorinated biphenyls; (iv) those substances, materials or wastes designated as a "hazardous substance" pursuant to Section <br />311 of the Clean Water Act or listed pursuant to Section 307 of the Clean Water Act or any amendments or replacements to these statutes; (v) <br />those substances, materials or wastes defined as a "hazardous waste" pursuant to Section 1004 of the Resource Conservation and Recovery <br />Act or any amendments or replacements to that statute; and (vi) those substances, materials or wastes defined as a "hazardous substance" <br />pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Ad, or any amendments or replacements to <br />that statute or any other similar state or federal statute, rule, regulation or ordinance now or hereafter in effect. Grantor shall not lease or permit <br />the sublease of the Property to a tenant or subtenant whose operations may result in contamination of the Property with Hazardous Materials or <br />toxic substances; <br />NEDOT Rev. 1297 <br />U -- +-A <br />G/0 <br />page 1 of 7 <br />