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<br /> NEBRASKA 66200106027550001 ''
<br /> DEED OF TRUST 00485//VJN01
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<br /> JA80N L PR2CB TA�Y J H11�18R�i, Jl\80N L PRICE, BOTH SINfiLE PBR60N8
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<br /> 361 E RD
<br /> CHAPMIIN, N8 688Z7
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<br /> TRUSTEE: Q,g. �K NATIaIiAL HBBOCIATION
<br /> FARaO, ND 58103
<br /> n consi ration o t e oan or ot er cr n axo t on ere na er s i an any ure a ances or ure igations,as n erein,w �c
<br /> may hereinafter be advanced or incurred and the trust hereinafter merrtioned 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. BANR NATIaiAL ABBOCIATIO[i ND
<br /> ("Lender"), the
<br /> benefiaary under this Deed of rust,un r and su ject to t e temis and oondrtions herein set ort ,wiih right of ernry 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 present and future improvemerrts and fixtures;all tangible personal property induding without Iimitation all machinery,
<br /> equipment, building materials, and goods of every nature (excluding consumer goods) now or hereafier located on or used in connection with the real
<br /> property,whether or not affixed to the land; privileges, hereditamerns, and appurtenances including all development rigMs associated with the Property,
<br /> whether previously or subsequerrtly transferced 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 agreemerns;rents,issues and proflts;wate�,well,d'ttch,reservoir and mineral rights and stocks pertaining to the real
<br /> property(cumulatively"Property");to have and to hold the Property and the rights hereby granted for the use and benefit of Lsnder, his successors and
<br /> assigns,until payment in full of all Obligations secured hereby.
<br /> Moreover,in furlher consideration,Grarrtor does,for Grantor and GraMor's heirs,representatives and assigns,hereby expressly warrant,covenant,and
<br /> agree with Lender and Trustee and their suxessors and assigns as follows:
<br /> 1. OBLIGATIONS. This Deed of Trust shall secure ihe payment and performance of all present and future indebtedness, liabilities, obligations and
<br /> covenants of Borrower or Grarrtor(cumulatively"Obllgations")to Lender pursuant to:
<br /> (a)this Deed of Trust and the following promissory notes and other agreements:
<br /> pq1�Ai,AIYI�IIN�� �iQ�l �tlk'��#1"!l : : I.�##!k�IN;:
<br />� ; '�R�QI��.ft�lllT IRq�AA�M'E RATF. : DitTf ; ' N�IlB� ,; i
<br /> 16,500.00 06/09/99 06/09/16 66200106027550001
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<br /> (b)all other present or ure,w en agreeme s w n r at re er s ca y o s o rust e er execu or e same or different
<br /> purposes than tha foragoing);
<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 exterA as if made corrtemporaneously with the execution of this Deed of TrusL made or
<br /> extended on behalf of Gramor 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 the line notwithstanding ihe fact ihat from time to time(but before termination of the line)no balance may be
<br /> outstanding. At no time during ihe 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 ihe security of this Deed of Trust,exceed the following amount: $ ,� snn_nn
<br /> This provision shall no1 constitute an obligation upon or commitment of Lender to make additional advances or loans to Grarnor;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 Bonower shall indude and also mean any Grantor or Borrower if more ihan one.
<br /> 2 REPRESENTATIONS,WARRANTIES AND COVENANTS. GraMor represerns,warraMs and covenarrts to Lender that:
<br /> (a) Grarnor has fee simple marketable title to the Property and shall mafntain the Property free of all liens,security interests,encumbrances and ciaims
<br /> except for this Deed of Trust and those described in Schedule B,which ls attached to this Deed of Trust and incorporated herein by reference,which
<br /> Grantor agrees to pay and pertorm in a timely manner;
<br /> (b) Grarnor is in compliance in all respects with all applicable federal,state and local laws and regulations,including,without limitation,those relating to
<br /> "Hazardous Materials,"as defined herein,and other environmerrtal matters(the"Ernironmerrtal Laws"),and neither the federal govemment nor any
<br /> other govemmental or quasi govemmeMal errtity has filed a lien on the Properry,nor are ihere any govemmental,judicial or administrative actions with
<br /> respect to environmernal matters pend(ng,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 transported any Hazardous Materials to or from the Property. Grarnor shall not commit or pem�it such actions i
<br /> to be taken in the future. The term "Hazardous Mate�lals" shall mean any substance, material, or waste which is or becomes regulated by any
<br /> govemmental authoriry induding,but not limited to,(i)petroleum;(fi)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 replacemems 10 these statutes;(v)those substances, materials or wastes defined as a "hazardous waste"
<br /> pursuant to Section 1004 of the Resource Conseroation and Recovery Act or any amendmerns 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 /> ordfnance 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 /> resuh fn contamination of the Property with Hazardous Materials or toxic substances;
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