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WHEN RECORDED MAIL TO:
<br />Bank of Clarks
<br />301 N. Green
<br />P.O. Box 125
<br />Clarke NE 13 11 -012Z FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $10,000.00. p
<br />THIS DEED OF TRUST Is dated June 14, 2001, among Lea Anne Hedges, as wife and Joint debtor, whose
<br />address Is 819 Driftwood Court, Grand Island, NE 68803 and Sean E. Hedges, as husband, whose address
<br />Is 819 Driftwood Court, Grand Island, NE 68803 ( "Truster "); Bank of Clarks, whose address is 301 N. Green,
<br />P.O. Box 125, Clarks, NE 68628-0125 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and Bank of Clarks, whose address Is 301 N. Green, P.O. Box 125, Clarks, NE 68628.0125
<br />(referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For Valuable consideration, Trustor conveys to Trustee in trual, WITH POWER OF SALE, for the benefit of
<br />Lender as Seneficlary, all of Trustor's right, title, and interest in and to the following described reel properly, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all eeaemans, rights of way, and appurtenances; all water, water rights and
<br />ditch right (including stock in uNides with dish or irrigation rights); and all other rights, royalties, and profits relating to the rise party, including
<br />without limabdon ail minerals, oil, gas, geothermal and similar mattere, (the "Real Prbperty") located In Hell County, State of
<br />Nebraska:
<br />Lot 42 Westwood Park Subdivision, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 819 Driftwood Court, Grand Island, NE 68803.
<br />CROSS-COLLATERAUZATION. In adds loo to the Note, this Dead of Trust secures all ohJigationc, dabs and lial ifl ie5, plus iMerast thereon, of
<br />Borrower to Low-or, or any one or more M Nam, as wall as Icl claims by Lander against 9ormwcr or any one or more of hem whether now
<br />existing or hereafter arising, whether mated or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due,
<br />direct or indirect, determined or undetermined, absolute or contingent, llqukleted or unlipudated wheher Borrower or Trustor may W liable
<br />individually or jointly with others, wheher abligased as guarantor, surety, accommodation party or otherwise, and whether recovery upon such
<br />amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or
<br />hereafter may become otherwise mensme nt e,
<br />FUTURE ADVANCES. Specifically, without limitation, this Dead of Truss sec.me, in addition to the amours specified in the Note, all future
<br />amounts Lander in Its discretion may loan s Borrower, together with all Interest thereon; however, In no event shall such future aevances
<br />(excluding interest) exceed In the aggregate $10,000.00.
<br />Trusser presently assigns to Lender (also known as Beneficiary in Nis Deed of Trust) all of Trustor s right, Our, and interest in and to all present
<br />and future lenses of the Property and all Rents from the Property. In adds ion, Trustor Drente to Larder a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants hat: (e) this good of Trust Is executed! as Borrowers request and not
<br />at Me request of Lender, (b) Trustor has the full power, right, and authority to War into this Dow! of Trust and to hypothecate Me Property; (c)
<br />Me provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or ohar Instrument binding upon Trustor and
<br />an not result in a violation of any law, regulation, court decree or order applicable to Trustor, (d) Trustor has established adequate means of
<br />obtaining from Borrower an a confinuln9 basis information about Borrowers financlal condrion; and (a) Lander has made no representation to
<br />Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trussr waives all rights or defenses arising by reason of any "one action" or 'antFdafklsncy" law, or any other law
<br />which may prevent Lander from bringing any action against Truster, Including a claim for deficiency to the extent Lender Is otherwise entitled to a
<br />claim for deficiency, before or star Lender's commencement or completion of any foreclosure action, either judicially or by exemss of a power of
<br />sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided In Ns Dead of Trust, Borrower mall pay b Lender all Indebtedness secured by
<br />this Dead of Trust as it becomes due, and Sorrowen and Trustor sines! strictly perform all their respacfive obligmons under the Note, this Direct of
<br />Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree net Gramme's and Trustor. Possession and use of the
<br />Property shall be governed by the following provisions:
<br />Possession and Use. Until me occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; j2)
<br />use, assume or manage the Property; and (3) collect Me Rents; tram the Property.
<br />Duty to Maintain. Trustor shall maintain the Property In tenantable condition and promptly perform all repairs, molocamens, and
<br />naintenance necessary to preserve its value.
<br />Compllenee With Environmental Laws. Trustor represents and warrants to Lander met: (1) During the period of Trustors ownership of
<br />the Property, More has been no use, generation, manufacture, storage, treatment, disposal. release or threatened release of any Hezartlous
<br />Substance by any person an under, about or from the Property; (2) Trustor has no knowledge of, or reason as believe that there has been,
<br />except as pre trously disclosed s and acknowledged by Lander In writing, (a) any breach or violation N any Environmental Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or Nrsdenetl release of any Hazardous Substance on, under, about or
<br />from the Proparty by any prior owners or occupants of Me Property. or (c) any actual or threatened litigation or claim of any kind by any
<br />person relating to such maters; end (3) Except as previously disclosed as and acknowlsdgatl by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, tram, disposo of or release any
<br />Hazardous Substance on, under, about or from the Property; and (b) any . such activity shall as conducted In compliance with all applicable
<br />facharm state, and local laws, regulations and ordinances, inducting without Initiation all Environmental Laws. Trussr authorizes Lender and
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<br />WHEN RECORDED MAIL TO:
<br />Bank of Clarks
<br />301 N. Green
<br />P.O. Box 125
<br />Clarke NE 13 11 -012Z FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $10,000.00. p
<br />THIS DEED OF TRUST Is dated June 14, 2001, among Lea Anne Hedges, as wife and Joint debtor, whose
<br />address Is 819 Driftwood Court, Grand Island, NE 68803 and Sean E. Hedges, as husband, whose address
<br />Is 819 Driftwood Court, Grand Island, NE 68803 ( "Truster "); Bank of Clarks, whose address is 301 N. Green,
<br />P.O. Box 125, Clarks, NE 68628-0125 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and Bank of Clarks, whose address Is 301 N. Green, P.O. Box 125, Clarks, NE 68628.0125
<br />(referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For Valuable consideration, Trustor conveys to Trustee in trual, WITH POWER OF SALE, for the benefit of
<br />Lender as Seneficlary, all of Trustor's right, title, and interest in and to the following described reel properly, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all eeaemans, rights of way, and appurtenances; all water, water rights and
<br />ditch right (including stock in uNides with dish or irrigation rights); and all other rights, royalties, and profits relating to the rise party, including
<br />without limabdon ail minerals, oil, gas, geothermal and similar mattere, (the "Real Prbperty") located In Hell County, State of
<br />Nebraska:
<br />Lot 42 Westwood Park Subdivision, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 819 Driftwood Court, Grand Island, NE 68803.
<br />CROSS-COLLATERAUZATION. In adds loo to the Note, this Dead of Trust secures all ohJigationc, dabs and lial ifl ie5, plus iMerast thereon, of
<br />Borrower to Low-or, or any one or more M Nam, as wall as Icl claims by Lander against 9ormwcr or any one or more of hem whether now
<br />existing or hereafter arising, whether mated or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due,
<br />direct or indirect, determined or undetermined, absolute or contingent, llqukleted or unlipudated wheher Borrower or Trustor may W liable
<br />individually or jointly with others, wheher abligased as guarantor, surety, accommodation party or otherwise, and whether recovery upon such
<br />amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or
<br />hereafter may become otherwise mensme nt e,
<br />FUTURE ADVANCES. Specifically, without limitation, this Dead of Truss sec.me, in addition to the amours specified in the Note, all future
<br />amounts Lander in Its discretion may loan s Borrower, together with all Interest thereon; however, In no event shall such future aevances
<br />(excluding interest) exceed In the aggregate $10,000.00.
<br />Trusser presently assigns to Lender (also known as Beneficiary in Nis Deed of Trust) all of Trustor s right, Our, and interest in and to all present
<br />and future lenses of the Property and all Rents from the Property. In adds ion, Trustor Drente to Larder a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants hat: (e) this good of Trust Is executed! as Borrowers request and not
<br />at Me request of Lender, (b) Trustor has the full power, right, and authority to War into this Dow! of Trust and to hypothecate Me Property; (c)
<br />Me provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or ohar Instrument binding upon Trustor and
<br />an not result in a violation of any law, regulation, court decree or order applicable to Trustor, (d) Trustor has established adequate means of
<br />obtaining from Borrower an a confinuln9 basis information about Borrowers financlal condrion; and (a) Lander has made no representation to
<br />Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trussr waives all rights or defenses arising by reason of any "one action" or 'antFdafklsncy" law, or any other law
<br />which may prevent Lander from bringing any action against Truster, Including a claim for deficiency to the extent Lender Is otherwise entitled to a
<br />claim for deficiency, before or star Lender's commencement or completion of any foreclosure action, either judicially or by exemss of a power of
<br />sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided In Ns Dead of Trust, Borrower mall pay b Lender all Indebtedness secured by
<br />this Dead of Trust as it becomes due, and Sorrowen and Trustor sines! strictly perform all their respacfive obligmons under the Note, this Direct of
<br />Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree net Gramme's and Trustor. Possession and use of the
<br />Property shall be governed by the following provisions:
<br />Possession and Use. Until me occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; j2)
<br />use, assume or manage the Property; and (3) collect Me Rents; tram the Property.
<br />Duty to Maintain. Trustor shall maintain the Property In tenantable condition and promptly perform all repairs, molocamens, and
<br />naintenance necessary to preserve its value.
<br />Compllenee With Environmental Laws. Trustor represents and warrants to Lander met: (1) During the period of Trustors ownership of
<br />the Property, More has been no use, generation, manufacture, storage, treatment, disposal. release or threatened release of any Hezartlous
<br />Substance by any person an under, about or from the Property; (2) Trustor has no knowledge of, or reason as believe that there has been,
<br />except as pre trously disclosed s and acknowledged by Lander In writing, (a) any breach or violation N any Environmental Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or Nrsdenetl release of any Hazardous Substance on, under, about or
<br />from the Proparty by any prior owners or occupants of Me Property. or (c) any actual or threatened litigation or claim of any kind by any
<br />person relating to such maters; end (3) Except as previously disclosed as and acknowlsdgatl by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, tram, disposo of or release any
<br />Hazardous Substance on, under, about or from the Property; and (b) any . such activity shall as conducted In compliance with all applicable
<br />facharm state, and local laws, regulations and ordinances, inducting without Initiation all Environmental Laws. Trussr authorizes Lender and
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