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<br /> � RECORDA'i'i0N REQUESTED BY. � � � ,
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<br /> . Wdnpton Stat�Bank and Trust Co. cn —� . :'�:..'.�°"�•'
<br /> .. , P.O.Box 670 . :�.r.T;::�
<br /> L,udn�lon,N@ Ed880 -.-:c tr;; .-
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<br /> _-._ - s�n�coa slscc asnx a,ta Tn�n co.
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<br /> � ... P.O.Box 678 ___:�'�,T"••
<br /> Lexlnpton.NE 88850 , `'.C�'.�i.�_,.
<br /> ' SPACE ABOVB THIS UN�18 FOR RECORDBR'S USE ONLV �, �� � .-�:J��
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<br /> � DEED OF TRUST � � �"°"-`=-"
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<br /> � TH18 DEEO OF TRUST IS DATED MARCH �i. 18�4� amon�Jaaeph W. Preusser and Thereae M. Preusser, . .. �.'�{"`""
<br /> Husband and Wtfe, whose addreas is 4219 Calvin Drive, Grand latend. NE 68801 (ret�r�ed to betow es u.,_�_
<br /> "Truetor"); lexinpto� State Benk and Truat Co.. whose address is P.O. Box 579, Lexin�ton, NE 88850 ��°�
<br /> . , .
<br /> __._ _ _ (reterred to below somettmes as "Londer" and sometimes es "Beneflclaey"); end Lextngton State Bank and � � '
<br /> 1'rust CoM whose eddress fs 110 West 7th St�eet, P.O. Box 579, Lexington, NE 68850(�eferred fo beiow ns
<br /> "TtusteA"). !
<br /> CONVEYANCE AND GRANR. Ror valuabts coneleeratlon,Yruator conveys to Tn+sten in Uuat,WiTH POWGR 0�8ALE,!cr tha benefit o! .,
<br /> Leeder �s 8enetlat�ry,ell of Truetor's dght, Utle, and interest In and to tha tdowing deaulbed rea!properry. together witb M exiatlng or ;f
<br /> subaequen erected or affi�ced bulidings,improvemerns and fl�Rures;ei� easeeYanta,rights of way.end appurtenanc:es;ett water,water �fghte and
<br /> dRah dghffi�inch+�ng etock In uUNtles with ditch or frri adon dghb;and eil otherr�hts,ro�yaftles and proflm relaUng w the real properN.fndudi� I . .� _
<br /> ;. without Iimitatlon al!mine�eb, olt,gas,geothermN and almiiar matters. IOCeted In F1fl11 �ountj/. State ot Nebreske (the "Rea
<br /> � Property")2 G
<br /> LOT THR�E (3� AND THE EASTERLY FORTY-FOUR(44.0) FHET OF LOT(2) IN BLOCK TIWO(2)LAKE I ���`"
<br /> DAVIS ACRES SUBDIVISION.HALL COUNTY�NEBRLISKA: � •` r
<br /> i �
<br /> The Real Property or its address is aommonly known as 4219 CaWtn Drive,Grand Island�NE 68801. I :�'�f�?�+�~
<br /> + � Truator presently essigns to lender(also known as BeneOdary In this Oeed af Truetj ell ot Trueror's dght,pUe,end interest in and to aN preaent and ; -'��,�,"
<br /> tuture leases ot the Property and all Renis irom the Property. In addiUon,Tmsta granm Lender a UNlorm Comnereiat Code securtty Imerest in the � ��
<br /> � Renta and the Peraonai Property detined below. l
<br /> OEFINITIONS. The kllowing words shell have the loibwing meaninga when used In thia Deetl ot Truet. Terms not othervvise deflned in this dewd ot
<br /> Trust ehM heve the meanf�gs amibuted to auch te►ms In the Unifa►m Cormierdat Code. AI�refe�ences to dotlar artiounte ehall mean amounts in � �
<br /> tawlul money ot the United Slates oi M�erlca
<br /> Bonetleiary. The wo�d"Benefldary'meana lsxington State Bank and Tru�Co.,its euccessors end assigns. Lexington State Benk and Trust ;
<br /> Co,atso is raterted to es"lende�"in this Deed ot Trust.
<br /> Crodlt AqreemenL Ths worda"CredR Agreement"mean the revoWt�g o►edR ayreement dated March 21,1894,wilh a wedit Umft In
<br /> th@ 8t110Ut1t 01 s30.000.00, between Truator and Lender. rogether wlth aN renewels, extensione, modificatlons, reflnendngs, and
<br /> eubatltutlona lor the C�edit AgreemenL
<br /> peed ot TntaL The words`Oeed ot Ttust"mean thls Doed of Tnast ert�ong T�ustor,Lender,and TNStee,end Inciudea without timitetlon eil
<br /> asslgnment and securiry tnterest provlsiona relating to the Personel Property end Rents.
<br /> Exlstlng indebtedness. The worda"Exlsting Mdebtednoss"mean the Indebtedness desulbed boiaw fn the ExlsUng Indebtedness section ot
<br /> thla Deed ot Truat.
<br /> � • Livarentor. The word"Civarento►"means and Inciudes without Ifmllatlon,any and ail guarentors, euretles, and accommodatlon perUes in
<br /> connectlon withthelndebtedness.
<br /> Improvements. The word"Improvementa"meana and Inctudes wllhout�rnitotlon all exbtl�g and tuture improvemente,Hxtures. bulidinga,
<br /> gUUCtures,moblie homes aifbced on the Reai Properry,taciYtles,additbns, �eptacementa and other conaWcUon on the Reai Properry.
<br /> Indebtedness. The word`Indebtednesa"means aN principet and interest peyaWe under the Gedlt Agroement and any emounte expended or
<br /> advanced by Lender to discharge obiigatlons ot Truator or expenses incurted by Truslae ar Lender to eniorce abligatbns ot Trusror under this
<br /> Deed of Truat,together w8h(nterest on auch amounts as provlded In thb Oeed ol TNSt. In addllbn to the Credit Agreement,the word
<br /> •Indebtedness"Includes a11 obligatlons,debte and Nabllities,plus Interest thereon,of Tniata to Lender,or any one or more ot them,ns weA as
<br /> all cialms by Lender egalnat Trustor,or any one or more ot thom,whethe�raw exisdng or hereafler arlsing,whether related or unrelated to the
<br /> .,....�.�r.�c.e,..��r wnp��wr veiumnrv or otherwise.whelher due or not due,absolute or contingent,Iiquidated w unNquldated
<br /> 1 p��jrvw... ..��'��""a•--.."'_'• ' __
<br /> and whether TNStor rney be Ilable Indlvldueliy or Jolntly with others.whettcer obiigated as guarantor or othetwlse,and whether racovery upon
<br /> ' � such Indebtedness may be or hereaRer may bec:ome barced by any atntute of GrnNeUons,end whether such�ndebtedrress may ba or hereafter
<br /> ' � may become othe�wise unentorceable. Spoolfloally, without Itmitatto�,this Oeed ot Truat securea a revolving Iino ot crudit,which
<br /> • � ob�igatea l+ander to make advanoea to Truetor so long es Truator comptlus wifh ail tho torms of the Credit Agrenmen� Such advancc�a
<br /> ; , � may be made.repaid,and remade trom Ume to Ume,subJeot to the IlrnNatlon that the totat outatanding ba�enoe owing at eny one Ume,
<br /> + � not Inctudtng flnanee ohargea on auch ba�ance at a tixed or vartab�e �ate or sum aa providod In the Credlt Agreement,any temporary
<br /> ` ; :� overegee,othar charges.and any amounta expended or advaneed as provided In th�e paragraph,ahal�not ezceed the Ctedft Umit as
<br /> , . , provided In the CrodR Aptsement It Is the InteMion of Ttusto�and leeder that thia Deed of Tntat seeurea the balanoe outetanding
<br /> � under 1t�e Ccedit Apreement irom tlme to Ume hom=ero up to the Credlt Umit as provtdnd above and any Intormedlato ba�ence.
<br /> • Lender. Tho word"Lende�'rr�aans Lexingtan State Bank and Truat Co.,its euccessora end assigns.
<br /> ' ; Peraonal Properly. fie worda"Pereonat Property'mean ali equipmanl fi�clures, and olher arUcies ot personal property now or hereaNer
<br /> i owned by Truator,and now or hereafte� attached or alfixed to ttw Real P�opehy:togalher with ali accesslons, parts, and addiUons to, atl
<br /> ; repiacements of, and atl aubstltutbns tor, any of uuch propeAy; and tagethsr with ell proceeds (Including wlthout Ilrrdtetlon atl Insurance
<br /> � , i proceeda and tetunds ot ptemiums)lrom nrry aale or other dlsposlUon ol tMa Praperty.
<br /> . ,
<br /> � Properly. The word"Propeny"meens collectivoty the Reat Property and the Personai Property.
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