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<br /> Recording Requested by & 9 9 10 9 3 4 8
<br /> when Record�d Return To: NEBRASKA
<br /> US Recordings, Inc. 66200104529380002
<br /> 222 E Little Canada Rd Ste 125 DEED OF TRUST 00485//VJN01 �
<br /> St. Paul, Mn 55117 ��f „ ,�,-� �, ,,:,• �-
<br /> � y ��
<br /> DAVID P LA➢I80N DAVID F. LA➢P60N, PffiVNY 8. LAIPS�I, HII9BAND AND ➢PIFB
<br /> PELaiY 8 LAW60�1
<br /> .. ;;:_. .. :i �'�:� ��!i M�I.SyAfrV4 � :. : : .. '�� . ..:::.:: . '....,. . . . .?�+RI�r1�F9� :'.� � . . ... , .... .... .
<br /> 406 MILE E
<br /> CAIRO, NE 688Z4
<br /> '��.� � '!..�. � .::,,.':.���i�;. ..;::.�... :i ��..,.,..._.. . .. ... ... . . �'����i�. :�, .
<br /> 505-98-5543
<br /> TRUSTEE: u.s. HANR Nl►TIaN11L A660CIATION �� '��
<br /> !1►RfiO, ND 58103
<br /> n consi ration o t e oan or ot er cr rt acco tion ereina er spea e an any ure a ances or ure igations,as e ne erem,w ic
<br /> may hereinafter be advanced or incurred and the trust hereinafter mentioned and other good and valuable consideration,the receipt and sufficiency of which
<br /> are hereby adviowledged, 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.e. HANR NATIONAL A660CIATI�i ND
<br /> ("Lender"), the
<br /> bene ciary under this ee of Trust,under and subject to the terms and condttions herein set orth,with rigM of entry 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 improvements and flxtures;all tangible personal property induding without Iimitation all machinery,
<br /> equipmerrt, 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 ta the land;privileges, hereditarr�en?s,.and appi:Aenances including aU rJevelo�rrt rights associated with the Property,
<br /> whether previausly or subsequently transferred to the Property from oiher real property or now or hereafter susceptible of transfer from this Property to other
<br /> real property;leases,licenses and other agreements;rents,issues and profits;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 rigMs hereby granted for the use and benefit of Lender, his successors and
<br /> assigns,until payment in full of all Obllgations secured hereby.
<br /> Moreover,in further consideration,Grantor does,for Grantor and Grantor's heirs,representatives and assigns,hereby expressly warrant,covenant,and
<br /> agree with Lender and Trustee and their successors and assigns as follows:
<br /> 1. OBLlGATIONS. This Deed of Trust shall secure the paymerrt and perforrnance of all present and future indebtedness, liabilities, obligations and
<br /> covenarrts of Borrower or Grantor(cumulatNely"Obligations")to Lender pursuant to:
<br /> (a)this Deed of Trust and the following promissory notes and other agreements:
<br /> pRll�Ai,�C�N�I ;NO�f : �MfA'��t#1`�' 4C�1kN
<br /> �rR�QI'E�T:<: ; A�M�NT�t11Tfs . : �JIkT� ';
<br /> I�IIB�#� ;:
<br /> 25,000.00 08/14/99 09/15/19 66200104529380002
<br /> (b)all other present or ure,w en agreements w n r t a re er spea y to t is o rust s er axecu or s sams or ditfarent
<br /> purpo�ea than the foregoing);
<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 eMent as if made contemporaneously with the execution of this Deed of Trust,made or
<br /> e�ended on behalf of Grantor or Bonower. Gramor agrees that if one of the Obligations is a line of credit,the lien of this Deed of Trust shall continue
<br /> urnil paymeM 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 ihis Deed of Trust or any extension thereof shall the unpaid and outstanding secured principal future
<br /> advances,not induding sums advanced by Lender to protect the security of this Deed of Trust,exceed the following amount: $ a5"noo_ne
<br /> This provision shal!not consthute an obli7ation uFan or commitmorrt cf Lender to rr�;a additicnal acvances or loans:a Grantor;and
<br /> (e)all amendmenis,extensions,renewals,modiflcations,replacemems or substitutions 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. Grarnor represents,warrants and covenants to Lender that:
<br /> (a) Grarnor has fee simple marketable title to the Property and shall maintain the Property free of all liens,security interests,encumbrances and claims
<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,including,without limitation,those relating to
<br /> "Hazardous Materials,"as defined herein, and other environmental matters(the "Environmental Laws"),and neither the federal govemment nor any
<br /> other govemmental or quasi govemmental entity has flled a lien on the Property,nor are there any governmemal,judiaal or administrative actions with
<br /> respect to environmental matters pending,or to the best of the Grantor's Imowledge,threatened,which invobe 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. Grantor shall not cortrrrt or permit such actions
<br /> to be taken 1n 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)friable or nonfriable asbestos;(iii)polychlorinated biphenyls;(iv)those substances,
<br /> materials or wastes designaied as a"hazardous substance" pursuent to Section 311 of the Clean Water Act or listed pursuant to Section 307 of ihe
<br /> Clean Water Act or any amendmerrts or replacements to these statutes;(v)those substances, materials or wastes defined as a"hazardous waste"
<br /> pursuant to Section 1004 of the Resource Conservation and Reoovery Act or any amendments 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 Environmernal 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 now or hereafter in effect. Grantor shall not lease or pemtit the sublease of the Property to a tenarn or subtenant whose operations may
<br /> resuft in corrtamination of the Property with Hazardous Materials or toxic substances;
<br />
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