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m Sf3: y N N C D N L17 a G. 0 00 m Q .Tt M G IJ 'o CD y rC r. C 3 m r 70 vv Cn ll C co V1 WHEN RECORDED MAIL TO: Exchange Bank P.O. Box 760 Gi a U40 ... S.. FOR RECORDER'S USE ONLY DEED OF TRUST MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $74,031.00. THIS DEED OF TRUST Is dated January 3, 2002, among CAROLYN STENGEL, A Single Person, whose address is 4501 SOUTH JASON STREET, ENGLEWOOD , CO 80110 ( "Trustor "); Exchange Bank, whose address Is P.O. Box 760, #14 LaBarre, Gibbon, NE 68840 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Exchange Bank, whose address Is P.O. Box 760, Gibbon, NE 68840 (referred to below as "Trustee "). CONVEYANCE AND GRANT. For valuable consideration, Trustor convoys to Trustee In trust, WITH POWER OF SALE, for the benNit of Lender as Berneftlary, all of Tnxstoes right, tide, and Interest in and to the following described real properly, together with all existing or subsequently erected or affixed xed 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 andpprofft relating to the real property includinngg without limitation all minerals, dl, gas, geothermal and similar matters, (tile "Real aroper(y ") IOcated In HALL County, $fate of Nebraska: W d' LOT SEVEN (7) AND LOT (8), BLOCK (5), FIRST ADDITION TO WOOD RIVER, HALL COUNTY, NEBRASKA, EXCEPT A TRACT OF LAND MORE PARTICULARLY DESCRIBED IN WARRANTY DEED FILED AS DOCUMENT NO. 93- 104907. The Real Property or Its address Is commonly known as 112 W 12TH STREET, WOOD RIVER, NE 68883. Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of 7rustoes right, fife, and Interest In and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor 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 (A) PAYMENT OF THE INDEBTEDNESS AND (B) 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, Trustor 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. Trustor agrees that Trustors possession and use of theProperty shall be governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Properly; (2) use, operate or manage the Properly; and (3) collect the Rents from the Property. Duty to Maintain. Trustor shell maintain the Property in good 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; (2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) 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 (c) any actual or threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) 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; and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such inspections and tests, at Trustors 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 Lenders 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 Trustors due diligence In Investigating the Property for Hazardous Substances. Trustor hereby (1) releases and waNes any future claims against Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under any such laws; and (2) agrees to indemnity 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. The provisions of this section of the Deed of Trust, including the obligation to indemnity, shall survive the payment of the Indebtedness and the satisfaction and reconveyanoe of the lien of this Deed of Trust and shall not be affected by Lenders acquisition of any interest in the Property, whether by foreclosure or otherwise. Nuisance, Waste. Trustor shall not cause, conduct or permit any utsanxe nor commit, permit, or suffer any stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grant to any other party the right to remove, any timber, minerals (including oil and gas), coal, day, scoria, soil, gravel or rock products without Lender's prior written consent. Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lenders prior written consent. As a condition to the removal of any Improvements, Lender may require Trustor to make arrangements satisfactory to Lender to replace such Improvements with improvements of at least equal value.