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<br /> DEED OF TRUST o0358//CRH11 �
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<br /> JANBT S. BHItINSR TIMOTHY D. CiARRI80N, JANST S. 88RINSR, BOTH 6INCiLB PBRBONB
<br /> TIMOTfiY D. (iAKRI80N
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<br /> (3RAND IBLAND, N8 668034a45
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<br /> 505-08-1896
<br /> TAUSTEE: II.B. BANR NATIaNAL A660CIAR'ION
<br /> FAR60, ND 56103
<br /> n consi ration o t e oan or ot er cr h acco tion ereina er spea an any ure a ances or ure igations,as n erein,w i
<br /> may hereinafler be advanced or incuRed 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, grarrts, conveys and assigns to Trustee, his successors and
<br /> assigns,IN TRUST WITH POWER OF SALE for the benefit and security of II.e. BANR NATIOLVAL A880CIATIIXV ND
<br /> ("Lender"), the
<br /> benefiaary under this Deed of Trust,un r and subject to the temis an conditions herein set forth,with right of eniry and possession all of Grantor's present
<br /> and future estate,right,title and irrterest 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 presern and future improvemerrts and fixtures;all tangible personal property induding without limitation all machinery,
<br /> equipment, building materials, and goods of every nature (exduding consumer goods) now or hereafter located on or used in connection with the real
<br /> property,whether or not affixed to the land; privileges, hereditaments, and appurtenances induding all development rigMs associated with the Property,
<br /> whether previously 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 agreemerrts;rerrts,issues and proflts;water,well,ditch,reservoir and mineral rigMs 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 Lender, his successors and
<br /> assigns,until payment in full of all Obligations secured hereby.
<br /> Moreover,in further consideration,Grantor does,for Grarrtor and Gramor's heirs,represerrtatives and assigns,hereby expressly warrant,covenant,and
<br /> agree wNh Lender and Trustee and their suxessors and assigns as follows:
<br /> 1. OBLIGATIONS. This Deed of Trust shall secure the paymerrt and perfomrance of all presern and future indebtedness, liabilities, obligations and
<br /> oovenarrts of Borrower or Grarrtor(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 /> 21,900.00 07/19/99 07/19/19 66200106645650001
<br /> (b)all other prese or ure,wrrtten agreeme s wrt n r a re er spea y to t is o rust e x execu or e same or different
<br /> purposes than the forogoing);
<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 exterrt as if made cornemporaneously with the execution of this Deed of Trust,made or
<br /> extended on behalf of Grarnor or Borrower. Grantor agrees that if one of the Obligations is a line of aedit,the lien of this Deed of Trust shall corrtinue
<br /> until payment in full of all debl 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 prinaRal future
<br /> advances,not including sums advanced by Lender to protect the security of this Deed of Trust,exceed the following am�unt: $ ��,900_no
<br /> This provision shall not constftute an obligation upon or corrmtmerrt of Lender to make additional advances or loans to Grarrtor;and
<br /> (e)all amendmerrts,extensions,renewals,modifications,replacemerns or subsihutions to any of the foregoing.
<br /> As used in this Paragraph 1,the terms Grarrtor and Borrower shall indude and also mean any Grarrtor or Borrower if more than one.
<br /> 2 REPRESENTATIONS,WARRANTIES AND COVENANTS. Graritor represerns,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 daims
<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 defined herein, and other environmental matters(the"EnvironmeMal Laws"),and nehher the federal govemment nor any
<br /> other govemmental or quasi govemmental entity has filed a lien on the Property,nor are there any govemmental,judiaal or administrative actions with
<br /> respect to environmerrtal matters pending,or to the best of the Grarrtor's Imowledge,threatened,which invoNe the Property. Neither Grantor nor,to the
<br /> best of GraMor's Iviowledge, 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. Grarrtor shall not corrxnit or pemtt 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 /> govemmental authority including,but not limited to,(i)petroleum;(ii)fiable or nonfiable 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 pursuarrt to Section 307 of the
<br /> Clean Water Act or any amendments or replaoements to these statutes;(v)those substances, materials or wastes defined as a"hazardous waste"
<br /> pursuarrt to Section 1004 of the Resource Conservation and Recovery Act or any amendmerrts or replacements to that siatute; and (vi) those
<br /> substances, materials or wastes defined as a "hazardous substance" pursuarrt to Section 101 of the Comprehensive Ernironmental Response,
<br /> Compensation and Liability Act, or any amendmems or replacements to that statute or any other similar state or federal statute, rule, regulation or
<br /> ordinance nbw or hereafter fn effect. Grarnor shall not lease or pemit the sublease of the Property to a tenarrt or subtenarrt whose operations may
<br /> result in corrtaminatfon of the Property with Hazardous Materials or toxic substances;
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