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<br /> 9 9 f 0 8 0 5 8 NEBRASKA 66200107014580001
<br /> DEED OF TRUST 00485//VJN01
<br /> ��
<br /> PA!lSLA J 8ffi,LBTSN DAA HELLBTffiQ. PAMELA 88LL9T8N, HIIBBAND AND ➢PIFE �
<br /> DA6 HELLBTffiQ
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<br /> 505-62-5155
<br /> 7AUS7EE: II.B. BANR Nl�TI0N11L ABBOCIATION
<br /> F71Rao, ND 58103
<br /> n con ration o t e oan or ot er cr acco t on ereina er s an any ure a ances or ure igations,as ne erein,w i
<br /> may hereinafter be advanced or incurred and the trust hereinafter merrtioned and other good and valuable consideration,the recefpt and sufficiency of which
<br /> are hereby adviowledged, Gramor hereby irrevocably warrarrts, 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 NATI�TAL A660CIATION ND
<br /> ("Lender"), the
<br /> fiaary under this eed of Trust,under and su ject io the temis and wnditions herein set forth,with rigM of errtry and possession all of Grarrtor's present
<br /> and future estate,rigM,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 preserrt and future improvemerrts and fixtures;all tangible personal property including without limitation all machinery,
<br /> equipmerrt, building materials, and goods of every nature (exduding consumer goods) now or hereafler located on or used in connection with the real
<br /> properry,whether or not affixed to the land; privileges, hereditamerrts, and appurtenances induding all developmerrt rigMs associated with the Property,
<br /> whether previously or subsequemly 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 agreemerns;rerrts,issues and pro�ts;water,well,ditch,reservoir and mineral rights and stocks pertaining to the real
<br /> property(cumulatively"Property");to have and to hold the Property and ihe rigMs hereby gramed for the use and benefit of Lender, his successors and
<br /> assigns,urrtil paymerrt in full of all Obligations secured hereby.
<br /> Moreover,in further consideration,Grantor does,for Grarrtor and Gramor's heirs,representatives and assigns,hereby expressly warrant,covenant,and
<br /> agree with Lender and Trustee and their suocessors and assigns as follows:
<br /> 1. OBLIGATIONS. This Deed of Trust shall secure the payment and perfom�ance of all preseni and future indebtedness, liabilhies, obligations and
<br /> covenarrts of Borrower or Grarrtor(cumulatively"Obligations")to Lender pursuarrt to:
<br /> (a)this Deed of Trust and the following promissory notes and other agreemerrts:
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<br /> 40,211.25 08/09/99 08/15/19 66200107014580001
<br /> (b)all oiher prese or ure,w en agreemerrts w n r t at re er s y to t s o rus er sxecu or e sams or dHferont
<br /> purposes tl�an ths foregoing);
<br /> (c) any guararrty of obligations of other parties given to Lender now or hereafter executed that refers to this Deed of Trust;
<br /> (d) future advances,wheiher obligaiory or optional,to the same extent as if made contemporaneously with the execution of this Deed of Trust,made or
<br /> extended on behalf of Grarnor or Borrower. Gramor agrees that if one of the Obligations is a line of credit,the lien of this Deed of Trust shall corninue
<br /> urrtil paymern in full of all debt 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 prinapal future
<br /> advances,not induding sums advanced by Lender to protect the sec:urity of this Deed of Trust,exceed the following amount: $ so,s„_ss
<br /> This provision shall not constitute an obligation upon or corrmtmeM of Lender to make additional advanoes or loans to Grantor;and
<br /> (e)all amendmenis,e�Aensions,renewals,modifications,replacements or substiiutions to any of the foregoing.
<br /> As used in this Paragraph 1,the terms Grantor and Borrower shall indude and also mean any Grantor or Borrower if more than one.
<br /> 2 REPRESENTATIONS,WARRANTIES AND COVENANTS. Grantor represents,warrants and covenarrts to Lender that:
<br /> (a) Grarrtor has fee simple marketable title to the Properry and shall mairrtain the Property free of all liens,security irrterests,encumbrances and daims
<br /> exoept 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 /> Gramor agrees to pay and perfortn 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"Environmental Laws"),and neither the federal govemrr�nt nor any
<br /> other govemmerrtal or quasi govemmental errtity has flled a lien on the Property,nor ate there any govemmental,judicial or administrative actions with
<br /> respect to environmeMal matters pending,or to the best of the Grantor's Iviowledge,threatened,which involve the Property. Neither Grarnor 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 Properry or transported any Hazardous Materials to or from the Property. Grantor shall not corrrnit or pemrt such actions
<br /> to be taken in ihe future. The term "Hazardous Materials" shall mean any substance, material, or waste whi� is or becomes regulated by any
<br /> govemmental authorfry induding,but not limited to,(i)petroleum;(ii)friable or nonfriable asbestos;(iii)polychlorinated biphenyls;(iv)those substances,
<br /> materials or wastes designated as a"hazardous substance"pursuarrt to Section 311 of the Clean Water Act or listed pursuaM to Section 307 of the
<br /> Clean Water Act or any amendmerrts or replacemerrts to these statutes;(v)those substances, materials or wastes defined as a"hazardous waste"
<br /> pursuam to Section 1004 of the Resource Conservation and Recovery Act or any amendmerrts or replacements to that statute; and (vi) those
<br /> substances, materials or wastes defined as a "hazardous substance" pursuarrt to Section 101 of the Comprehensive Environmemal Response,
<br /> CompensaUon and Liability Act, or any amendmeMs or replacemerrts io that statute or any oiher similar state or federal statute, rule, regulation or
<br /> ordinance nbw or hereafter in effect. Grantor shall noi lease or perMt the sublease of the Property to a tenaM or subtenarrt whose operations may
<br /> result in corrtamination of the Property wRh Hazardous Materials or toxic substances;
<br />
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