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M s� n x IM Ce o o N 1: L°d. c a IM N N r n s W = WHEN RECORDED MAIL TO: o Z United Nebraska Bank 200304370 0c ° Grand Island Office PO Box 5018 Grand Island NE 68802 FOR RECORDER'S USE ONLY DEED OF TRUST THIS DEED OF TRUST is dated April 10, 2003, among BERNARD COSGRIFF and LOLA COSGRIFF a /k /a LOLA M. COSGRIFF; HUSBAND AND WIFE ( "Trustor "); United Nebraska Bank, whose address is Grand Island Office, PO Box 5018, Grand Island, NE 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and United Nebraska Bank , whose address is 700 N. Webb, Grand Island, NE 68802 (referred to below as "Trustee "). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust. WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustor's right, tirle, and interest in and to the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights): and all other rights, royalties, and profits relating to the real Property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the Real Property ") located in HALL County, State of Nebraska: PACEL 1: THE NORTHWEST QUARTER (NW1 /4) OF SECTION TWENTY FOUR (24), TOWNSHIP TEN (10) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA EXCEPTING A CERTAIN TRACT DEEDED TO THE STATE OF NEBRASKA MORE PARTICULARLY DESCRIBED IN WARRANTY DEED RECORDED IN BOOK 147, PAGE 315; EXCEPTING A CERTAIN TRACT MORE PARTICULARLY DESCRIBED IN RETURN OF APPRAISER RECORDED IN BOOK 14, PAGE 227; AND EXCEPTING A CERTAIN TRACT MORE PARTICULARLY DESCRIBED IN RETURN OF APPRAISER RECORDED IN BOOK 23, PAGE 494. PARCEL 2: THE NORTH HALF OF THE NORTHEAST QUARTER (Ni/2NE114) OF SECTION TWENTY -FOUR (24), TOWNSHIP TEN (10) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M., HALL COUNTY NEBRASKA. The Real Property or Its address is commonly known as 7124 S GUNBARREL ROAD AND RURAL DONIPHAN, DONIPHAN, NE 68832. The Real Property tax identification number is PARCEL 1: 400238292 AND 400238241 PARCEL 2:400238225 Truster presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Treanor's right, title, and interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE IAI PAYMENT OF THE INDEBTEDNESS AND (BI PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Truster shall pay to Lender all amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this Deed of Trust, and the Related Documents. POSSESSION AND MAINTENANCE OF THE PROPERTY. Truster agrees that Theater's possession and use of the Property shall be governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, Truster may (t) remain in possession and control of the Property; (2) use, operate or manage the Properly; and (3) collect the Rents from the Property. Duty to Maintain. Treater shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; 12) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, nd any breach or violation of any Environmental Laws, Ile) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or lot any actual or threatened litigation or claims of any kind by any person relating to such matters; and 131 Except as previously disclosed to and acknowledged by Lender in writing, (e) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property; antl Ibl any such activity, shall be conducted in compliance with all applicable federal, state, and local laws, regulations and ordinances, including without limitation all Envirunmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such inspections and tests, at Truster's expense, as Lender may deem appropriate to determine compliance of the Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Trustor or to any other person. The representations and warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor hereby (1) releases and waives any future claims against Lander for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under any such laws; and (2) agrees to indemnify and hold harmless Lender against any and all claims, losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from a breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened release occurring prior to Trustor's ownership or interest in the Property, whether or not the same was or should have been known to Trustor.