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<br /> vVhen ecor�Return To: J g �.0 6 5 6 5 � � � �
<br /> C.I. Title, Inc. '
<br /> 203 Little Canada Rd NEBRASKA 662oo�osg3��2o00�
<br /> Ste 200 DEED OF TRUST oo4ss//wnBO4 v��
<br /> St. Paul, MN 5511 i
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<br /> 1q1REN II NAHIT1f•OLfQB DAVID B. OLSdId, 1CAREN M. NABITY•OLBON, lR11 1C11RA�i M. NABITY,
<br /> BIISHAND AND NIFE
<br /> D71VID 8 OLl01�1
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<br /> ieo� ir�awLS aT s
<br /> OW1MD IeLAND, NE 688036140
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<br /> Y�PIIl�.11Q.: ; ;'�1"IdM lllC� . : T£f�iDllE3T0. ;.,:: 1D�T�IGATICN N0. '
<br /> 505-76-7642
<br /> TRUSTEE: o.s. a�►xa x�►TSa�u. �►saocv►TTaa
<br /> 111RQ0, ND 58103 �� � ����(� �
<br /> n o e or o axo tion erein er spea an any ure a ances or uture igations,as i rein,w i
<br /> may hereinafter be advanced or incuned and the trust hereinafler mentioned and other good and valuable consideration,ihe receipt and suffiaency of which
<br /> are hereby admowledged, Grantor hereby irrevocably warrants, bargains, sells, transfers, grants, conveys and assigns to Trustee, his suxessors and
<br /> assigns,IN TRUST WITH POWER OF SALE for the beneflt and security of II.a. HANR NATIONAL A880CIATION ND
<br /> ("Lender"), the
<br /> t s o rust,under and sub�ect to t e terms an conditiona herein set forth,with right of entry and possession all o Gramor's preserrt
<br /> and(ufure estate,rigM,titte and iMerest in and to the real property described in Schedule A which is attached to this Deed of Trust and incorporated herein
<br /> by this refarenoe,together with all preaerrt and future improvements and fixtures;all tangible personat property including whhout limitation all machinery,
<br /> equipment, buil�ng materials, and gooda of every nature (exduding consumer goods) now or hereafter located on or used in connection with the real
<br /> property,whether or nol aHixed to the land;privileges,hereditamerrts, and appurtenances indu�ng ali develoFxnent rights associated with ihe Property,
<br /> whether previoualy 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 agreemenis;rerrts,issues and profits;water,well,c�rtch,reservoir and mineral rights and stocks pertaining to the real
<br /> propeAy(aurulatively"PropeAy");to have and to hold the Property and the rights hereby granted for the use and benefit of Lender, his successors and
<br /> asaigns,unNt p�yment in tull of all Oblipationa secured hereby.
<br /> Moroover,in furtl�er oonaideraUon,Orantor does,for Grantor and Grarnor's heirs,represerrtatives and assigna,hereby expressly warrant,cavenant,and
<br /> agroe with Lander and Trustee and their suocessors and assigna as follows:
<br /> 1. OBLIGATIONS. This Deed of Trust shall secure the paymern and perfom�ance of all present and future indebtedness, liabilities, obligations and
<br /> covenants of Borrower or Grantor�cumulatnrely"Obligations")to Lender pu�suant to:
<br /> (a)this Oeed of Trust and the following promissory notea and other agreemerrts:
<br /> ';�'#��,AIYI�t1M1"�t ��t; ` �nti'4�1'1� : ; >�.�Ad '
<br /> �REDt'6t�t1'; �kqA�&INkM��T� > DkT� . .; ; N�118�> 'i.
<br /> 27,000.00 06/03/99 06/01/19 66200105937720001
<br /> (b)atl other present or ure, en a�eements w n r t a re er s y to t is ee o rust e er execu or e sams or different
<br /> purpo�es than the fore�oiny);
<br /> (c) any guaranty of obligetions of other peAies given to Lender now or hereaiter executed that refers to this Deed of Trust;
<br /> (d) tuture advanoea,whether obligatory or optional,to the same exterri as if made contemporaneously with the execution of this Deed of Tnist,made or
<br /> extended on behalf of Grantor or BoROwer. Grantor agrees that if one of the Obligations is a line of credit,the lien of this Deed of Trust shall oontlnue
<br /> urn�payrr�er»in 1uU of all debt due under the tine notwithstanding the fact that(rom time to time(but before tem�ination of the line)no balance may be
<br /> outstanding. At no time during the term of this Deed of Trust or any extensbn thereof shall the unpaid and outstanding secured prinapal future
<br /> advancea,not indudng suma advanced by Lender to protect ihe securfty of this Deed of Trust,exoeed the following amoum: � z�,oen_oo
<br /> Thia proviabn ahall not constitute an�ligation upon or cormrtment of Lender to meke additional advances or loans to Grantor;and
<br /> (e)aq amendments,extensfons,renewals,rtndifications,reptacements or substitutions to any of the foregoing.
<br /> As used in this Paragraph 1,ihe tem�s Grarrtor and Borrower shall indude and also mean a►ry Grantor or Borrower if rnore than one.
<br /> 2 REPRESENTATION8,WARRANTIES AND COVENANTS. Grantor represents,warrants and covenarns to Lender that:
<br /> (a) �rantor haa fee simple merkatabie tiHe to the Property and shall rtraintaln ihe Property free of ali liens,security interests,encumbrances and daims
<br /> exosprt fa 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�rees ro pay and perform in a timely manner;
<br /> (b) Grantor is in complianoe in all respects with all applicable federal,state and local laws and regulations,induding,without limitation,those retating to
<br /> 'Hazardous Materials,"as deflned herein,and other environmerrial matters(the"Environmental Laws"),and neither the federal govemmer�t nor any
<br /> other govemrnental or quasi govemmental entity has filed a lien on the Property,nor are there any govemmernal,judicial or administrative actions with
<br /> ►espect to environrnental matters pen�ng,or to the best of the Grantor's knowledge,threatened,which involve the Property. Neither Grarrtor nor,to the
<br /> bsat of Grantor's knowledge,any other party has used,generated,released,discharged, stored,or disposed of any Hazardous Materials as defined
<br /> herein,in oonnection with the Property or transported any Hazardous Materials to or from the Properry. Gramor shall not corrmit or permit such actions
<br /> to be taken in the hrture. The tertn "Hazardous Materfals" shall mean any substance, materiat, or waste which is or becomes regulated by any
<br /> govemmental authority induc�ng,but not limited to,(1)petroleum;(ii)Mable or nonMabie asbestos;(iii)polychlorinated biphenyls;(ivj those substances,
<br /> rt�aterials or waatea designated as a"hazardous substance"pursuarrt to Section 311 of the Clean Water Act or listed pursuant to Section 307 of the
<br /> Cleen Watsr Act or any artiendmeMs or replacements to these statutes;(v)those substances, materials�or wastes defined as a"hazardous waste"
<br /> pursuant to Sectbn 1004 of ihe Resouroe Conservation and Recovery Act or any amendments or replacemerns to that statute; and (vi) those
<br /> substances, meterials or wastes defined as a "hazardous substance" pursuant to Section 101 of the Comprehensive Environmerrtal Response,
<br /> Compenaation and Liability Aa, or any amendmerns or replacements to lhat statute w any other similar state or federal statute, rule, regulation or
<br /> ordinancs nbw or F�ereatter in e�ffad. Grantor shall not lease or pem�it the sublease of the Property to a tenant or subtenarn whose operations may
<br /> result in comamination of the Propeny with Hazardous Mate�iais or toxic substances;
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