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<br />WHEN RECORDED MAIL TO: 2 0 0 2 0 3 3 G O
<br />Farmers State Dank
<br />2nd and Vine
<br />P. O. Dox 248 FOR RECORDER'S USE ONLY
<br />SII a mk HE 69663-0246
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall . not exceed at any one time $111,000.00.
<br />THIS DEED OF TRUST is dated March 18, 2002, among Linda A, Parker, whose address is 2216 West 13th
<br />Street, Grand Island, NE 68801 and Steve Parker, whose address is 2216 West 13th Street, Grand Island,
<br />NE 68801; wife and husband as joint debtors ("Truster "); Farmers Stale Bank, whose address is 2nd and
<br />Vine, P. 0. Box 246, Silver Creek, NE 68663 -0246 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary "); and Farmers State Bank, whose address Is P. 0. Box 246, Silver Creek, NE
<br />68663-0246 (referred to below as "Trustee").
<br />CONVEYANCE.AND GRANT. For valuable conslderelloo, TN &Or conveys 10 Trustee in trust, WITH POWER OF SALE, for the benefll Of
<br />Lender as Beneficiary, all of Trusav's right, tire, and Interest in and [a the folowing described real property. together with all existing a
<br />subsequently erected or affixed buildings, Improvements and fixtures; all easements, rights at way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrgalion rights); and an other rights, royallies, and profits relaling to the real properly imludi n
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located In Hall County, state 0
<br />Nebraska:
<br />The Easterly Sixly -Two (62) feet of Lot Eight (8) and all of Lot Nine (9) in Block Eleven (11), Harrison's
<br />Subdivision, Hall Count', Nebraska
<br />The Real Property or its address is commonly known as 2216 West 13th Street, Grand Island, NE 68801.
<br />CROSS- COLLATERALIZAT10N. In addition to the Note, this Deed of Trust secures all Obligations, debts and liabilities, plus Interest thereon, of
<br />Trustor to Lender, or any am or more of them, as well as all claims by Lender against Trustor of any one or more of them, whether now existing
<br />or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br />indirect, determined a undetermined, absolute or contingent, liquidated or unlquidated whether Tustor may be liable Inelvldually or jointly with
<br />others, whatheaobllgaled as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereaner
<br />may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may became otherwise
<br />unenforceable.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future
<br />amounts Lender in its discretion may loan to Trustor, together with all interest Ihereon.
<br />Trustor presently assigns to Lander (also known as Beneficiary In this Deed of Trust) all of Truslors right, tide, and interest In and to all present
<br />and future eases of the Properly and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code woudty
<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 13 GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except ss.olmmkie provided In the Deed of Trust. Trustor shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trusters obligations under the Nola, this Deed of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustees possession and use of the Property shall be governed
<br />by the following Incursions:
<br />Possession and Use. Unfil the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, Operate or manage the Property; and (3) cdloct the Rents from the Property.
<br />Duly to Maintain. Trustor shall maintain the Property to good condition and promptly perform all repairs, replaosments, and maintenance
<br />necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (b) During the period of Trusters ownership of
<br />the Property, them has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
<br />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,
<br />except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violafion of any EnNrenmenal Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or
<br />from the Property by any prior Owners a OccuPants M the Properly, or (a) any actual a threatened Iligalton or claims of any kind by any
<br />person mlaling lo such matters; and (3) Pxcepl es previously disclosed to and acknowledged by Lender In writing, (a) neither Trustor nor
<br />any tenant, conhacta,, agent or other authorized user of the Property shall use, generate, manufacture, store, treat. dispose of or release any
<br />Hazardous Subsanca on, under, about of from the Property; and (b) any such activity shall tea conducted in complance with all applicable
<br />federal, sate, and local laws, regulations and adinamxs. Including wilhoul Inhibition all Environmental Laws. Trustor authorl¢es Lender and
<br />its agents 10 enter upon the Property to make such insPaclions ' and tests, at Truster's expense, as Lender may deem appropriate to
<br />determine compliance) of the Property with this section of the Deed of Trust. Any Inspections or tests made by Lender shall be for Lenders
<br />purposes only. and shall not be construed to aeaa any respomitnity or liability on the pad of Lender to Trustor or to any other person. The
<br />roprowlations and wananlles contained herein are based on Trustees due dilgence in Invastigaang the Property to Hazardous
<br />Substances. Tfusar hereby (1) releases and waives any future daims against Lender for indemnity a contribution in the event Tru box
<br />becomes liaore for cleanup ar other costs under any such acs; and (2) agrees to indemnity and hold harmless Lender against any and all
<br />daims, losses. I'abifi ies, damages, penalties, and expenses which Lender may directly or indimdly sustain or suffer resulting from a breach
<br />of this section of Iha Deed of Trust or m a consequence of any use, generation, manufacture, storage. disposal, release or threatened
<br />rateass occurring prior to Truster's ownership a interest In the Property, whether or not the same was or should have been known to Truster.
<br />The provhions of this soclon of the Deed of Trust, including the obligation to Indemnify, snail suMve the payment of the Indebtedness and
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<br />WHEN RECORDED MAIL TO: 2 0 0 2 0 3 3 G O
<br />Farmers State Dank
<br />2nd and Vine
<br />P. O. Dox 248 FOR RECORDER'S USE ONLY
<br />SII a mk HE 69663-0246
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall . not exceed at any one time $111,000.00.
<br />THIS DEED OF TRUST is dated March 18, 2002, among Linda A, Parker, whose address is 2216 West 13th
<br />Street, Grand Island, NE 68801 and Steve Parker, whose address is 2216 West 13th Street, Grand Island,
<br />NE 68801; wife and husband as joint debtors ("Truster "); Farmers Stale Bank, whose address is 2nd and
<br />Vine, P. 0. Box 246, Silver Creek, NE 68663 -0246 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary "); and Farmers State Bank, whose address Is P. 0. Box 246, Silver Creek, NE
<br />68663-0246 (referred to below as "Trustee").
<br />CONVEYANCE.AND GRANT. For valuable conslderelloo, TN &Or conveys 10 Trustee in trust, WITH POWER OF SALE, for the benefll Of
<br />Lender as Beneficiary, all of Trusav's right, tire, and Interest in and [a the folowing described real property. together with all existing a
<br />subsequently erected or affixed buildings, Improvements and fixtures; all easements, rights at way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrgalion rights); and an other rights, royallies, and profits relaling to the real properly imludi n
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located In Hall County, state 0
<br />Nebraska:
<br />The Easterly Sixly -Two (62) feet of Lot Eight (8) and all of Lot Nine (9) in Block Eleven (11), Harrison's
<br />Subdivision, Hall Count', Nebraska
<br />The Real Property or its address is commonly known as 2216 West 13th Street, Grand Island, NE 68801.
<br />CROSS- COLLATERALIZAT10N. In addition to the Note, this Deed of Trust secures all Obligations, debts and liabilities, plus Interest thereon, of
<br />Trustor to Lender, or any am or more of them, as well as all claims by Lender against Trustor of any one or more of them, whether now existing
<br />or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br />indirect, determined a undetermined, absolute or contingent, liquidated or unlquidated whether Tustor may be liable Inelvldually or jointly with
<br />others, whatheaobllgaled as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereaner
<br />may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may became otherwise
<br />unenforceable.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future
<br />amounts Lender in its discretion may loan to Trustor, together with all interest Ihereon.
<br />Trustor presently assigns to Lander (also known as Beneficiary In this Deed of Trust) all of Truslors right, tide, and interest In and to all present
<br />and future eases of the Properly and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code woudty
<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 13 GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except ss.olmmkie provided In the Deed of Trust. Trustor shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trusters obligations under the Nola, this Deed of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustees possession and use of the Property shall be governed
<br />by the following Incursions:
<br />Possession and Use. Unfil the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, Operate or manage the Property; and (3) cdloct the Rents from the Property.
<br />Duly to Maintain. Trustor shall maintain the Property to good condition and promptly perform all repairs, replaosments, and maintenance
<br />necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (b) During the period of Trusters ownership of
<br />the Property, them has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
<br />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,
<br />except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violafion of any EnNrenmenal Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or
<br />from the Property by any prior Owners a OccuPants M the Properly, or (a) any actual a threatened Iligalton or claims of any kind by any
<br />person mlaling lo such matters; and (3) Pxcepl es previously disclosed to and acknowledged by Lender In writing, (a) neither Trustor nor
<br />any tenant, conhacta,, agent or other authorized user of the Property shall use, generate, manufacture, store, treat. dispose of or release any
<br />Hazardous Subsanca on, under, about of from the Property; and (b) any such activity shall tea conducted in complance with all applicable
<br />federal, sate, and local laws, regulations and adinamxs. Including wilhoul Inhibition all Environmental Laws. Trustor authorl¢es Lender and
<br />its agents 10 enter upon the Property to make such insPaclions ' and tests, at Truster's expense, as Lender may deem appropriate to
<br />determine compliance) of the Property with this section of the Deed of Trust. Any Inspections or tests made by Lender shall be for Lenders
<br />purposes only. and shall not be construed to aeaa any respomitnity or liability on the pad of Lender to Trustor or to any other person. The
<br />roprowlations and wananlles contained herein are based on Trustees due dilgence in Invastigaang the Property to Hazardous
<br />Substances. Tfusar hereby (1) releases and waives any future daims against Lender for indemnity a contribution in the event Tru box
<br />becomes liaore for cleanup ar other costs under any such acs; and (2) agrees to indemnity and hold harmless Lender against any and all
<br />daims, losses. I'abifi ies, damages, penalties, and expenses which Lender may directly or indimdly sustain or suffer resulting from a breach
<br />of this section of Iha Deed of Trust or m a consequence of any use, generation, manufacture, storage. disposal, release or threatened
<br />rateass occurring prior to Truster's ownership a interest In the Property, whether or not the same was or should have been known to Truster.
<br />The provhions of this soclon of the Deed of Trust, including the obligation to Indemnify, snail suMve the payment of the Indebtedness and
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