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<br />WHEN RECORDED MAIL TO:
<br />Farmers State Bank
<br />2nd and Vine
<br />,P. O. ,8&X1 246
<br />Silver Creek NE' 66663 -0246 ' °= FOR R"MDER'S USE ONLY
<br />DEED OF TRUST ,
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $34,000.00.
<br />THIS DEED OF TRUST is dated November 26, 2001, among Miguel Raymundo Rafael, whose address is 524
<br />Lambert Street, Grand Island, NE 68801 and Juliets Cantoral, whose address is 524 Lambert Street, Grand
<br />Island, NE 68801 ( "Trustor "); Farmers State Bank, whose address is 2nd and Vine, P. 0. Box 246, Silver
<br />Creek, NE 68663 -0246 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br />Farmers State Bank, whose address is P. 0. Box 246, Silver Creek, NE 68663 -0246 (referred to below as
<br />,Trustee ")
<br />CONVEYANCE AND GRANT.. For valuable consideration, Trustor conveys to Trustee IA'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, royalties, and profits relating to the real pro arty includ'
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in Hall'COun�ty, Mate of
<br />Nebraska:
<br />The Southerly One -Half of Lot One and all that part of Fractional Lots Two and Three lying south of the
<br />center line of Lot One extended in Block Six of Evans' Addition to the City_ of Grand Island, Hall County,
<br />Nebraska, and more particularly described as: Commencing at the southeast corner of said Lot One;
<br />Mce in northerly direction along,, the east boundary thereof Sixty -Six feet; thence at right angles
<br />artd
<br />we y lne, pa`ra�ie wit�tt `the Dint dine of, cFc 3i to the 'east edge of the railroad
<br />right -of -way; thence in a southwesterly direction along the right -of -way to the south line of the north
<br />half of Block Six; and thence in an easterly direction to the point of beginning, said south boundary
<br />being the north edge of the alley through said Block Six.
<br />The Real Property or its address is commonly known as 524 Lambert Street, Grand Island, NE 68801.
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest thereon, of
<br />Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether now
<br />existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due,
<br />direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Borrower or Trustor may be. liable
<br />individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise,' and whether recovery upon such
<br />amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or
<br />hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the 'Note, ,all future
<br />amounts Lender in its discretion may loan to Borrower, together with all interest thereon.
<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
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at Borrower's request and not
<br />at the reg4 :st of Lender; (b) Trustor has the full pcwer, right, and authority to inter into this Deed of Trust and to hypothecate the Property; _(c)
<br />the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrume&binding upon Trustor and
<br />do not result in a violation of any law, regulation, court decree or order applicable to Trustor;' (d) Trustor has established adequate means of
<br />obtaining from Borrower on a continuing basis information about Borrower's financial conditicn; and (e) Lender has made no representation to
<br />Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti - deficiency" law, or any other law
<br />which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise entitled to a
<br />claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of
<br />sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness secured by
<br />this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the Note, this Deed of
<br />Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of
<br />theProperty shall be governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of
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