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WHEN RECORDED MAIL TO:
<br />United Nebraska Bank
<br />Grand Island ONlc r
<br />Box so
<br />PO a
<br />f f FDA RECORDERS USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 26, 2002, among Ronald J. Willis and Lori D. Willis, whose address
<br />Is 632 Linden Ave., Grand Island, NE 68801 ("Trustor"); United Nebraska Bank, whose address is Grand
<br />Island Office, PO Box 5018, Grand Island, NE 68802 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and United Nebraska Bank , whose address is 700 N. Webb, Grand Island, NE
<br />68802 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trust= conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Lender As Beneficiary, all of Truster's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including sloth in utilities with ditch or migration rights); and all other rights, royalties, and profits relating to the reel pro rty indutlinq
<br />without limitation all minerals, oil, gas, geothermal and similar makers, (the "Real Property') located In HBII COUn�, dale Of
<br />Nebraska:
<br />Lot Three (3), Eagle Subdivision, Hall County, Nebraska.
<br />The Real Property or its address is Commonly known as 632 Linden Ave., Grand Island, NE 68801
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of TrustOr's right, title, and interest in and to all preeenl
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender 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 />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Dead of Trust, Truster shall pay to Lender all amounts secured by this
<br />Dead of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note. this Dead of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Truster's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Poaxaalon and Uas. Until the Occurrence of an Event of Default, Truster may (1) remain In possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty 10 Maintain. Trustor shall maintain the Property In good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trusor's ownership of
<br />the Properly, there 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) Truster 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 violation of any Environmental Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hawflous Substance on, under, about or
<br />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
<br />person relating to such makers; and (3) Except as previously disclosed to and acknowledged by Lender in writing. (a) neither Truslor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any
<br />Haeardous Substance on, under, about or from the Property: and (b) any such activity shall be conducted in compliance with all applicable
<br />federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. Truster authorizes Lender and
<br />or agents to enter upon the Property to make such inspections and tests, at Trustor'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 far Lender's
<br />purposes only and shall not be construed to create any responsibility or liability on the pert of Lender to Truster or to any other person. The
<br />representations and warranties contained herein are based on Trusters due diligence in investigating the Property for Hazardous
<br />Substances. Trustor hereby (1) releases and waives any future claims against Lander for indemnity or continbutlon in the event Trustor
<br />becomes liable for cleanup or other costs under any such laws; and (2) agrees to indemnity and hold harmless Lender against any and all
<br />claims, losses, liabilities, damages, penalties, and expenses which Lender may directly, or indirectly sustain or suffer resulting from a breach
<br />of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened
<br />release =coning prior to Trustor's ownership or interest in the Properly, whether or not the same was or should have been known to Trustor.
<br />Tha provisions of this section of the Deed of Trust, including the obligation to Indemnify, shall survive the payment of the Indebtedness and
<br />the satisfaction and reconvey utc, of the Ilan of this Deed of Trust and shall not be affected by Lender's acquisition of any interest in the
<br />Property, whether by foreclosure or otherwise.
<br />Nuisance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any shipping of or waste on or to
<br />the Property or any portion of the Property. Without limiting the generality Of the foregoing, Trustor will not remove, or grant to any other
<br />party the right to remove, any limber, minerals (including oil and gas), coal, clay, scads, soil, gravel Or rock products without Lenders prior
<br />Wdgem consent.
<br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lenders prior written
<br />consent. As a condition to the removal of any Improvements, Lander may require Trustor to make arrangements satisfactory to Lender to
<br />replace such Improvements with Improvements of at least equal value.
<br />Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all reasonable times to
<br />attend to Lender's interests and to inspect the Real Property for purposes of Trustor's compliance with the terms and conditions of this Deed
<br />of Trust.
<br />Compliance with Governmental Requirements. Trustor shall promptly comply with all laws, ordinances, and regulations, now or hereafter
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<br />WHEN RECORDED MAIL TO:
<br />United Nebraska Bank
<br />Grand Island ONlc r
<br />Box so
<br />PO a
<br />f f FDA RECORDERS USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 26, 2002, among Ronald J. Willis and Lori D. Willis, whose address
<br />Is 632 Linden Ave., Grand Island, NE 68801 ("Trustor"); United Nebraska Bank, whose address is Grand
<br />Island Office, PO Box 5018, Grand Island, NE 68802 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and United Nebraska Bank , whose address is 700 N. Webb, Grand Island, NE
<br />68802 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trust= conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Lender As Beneficiary, all of Truster's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including sloth in utilities with ditch or migration rights); and all other rights, royalties, and profits relating to the reel pro rty indutlinq
<br />without limitation all minerals, oil, gas, geothermal and similar makers, (the "Real Property') located In HBII COUn�, dale Of
<br />Nebraska:
<br />Lot Three (3), Eagle Subdivision, Hall County, Nebraska.
<br />The Real Property or its address is Commonly known as 632 Linden Ave., Grand Island, NE 68801
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of TrustOr's right, title, and interest in and to all preeenl
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender 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 />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Dead of Trust, Truster shall pay to Lender all amounts secured by this
<br />Dead of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note. this Dead of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Truster's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Poaxaalon and Uas. Until the Occurrence of an Event of Default, Truster may (1) remain In possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty 10 Maintain. Trustor shall maintain the Property In good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trusor's ownership of
<br />the Properly, there 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) Truster 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 violation of any Environmental Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hawflous Substance on, under, about or
<br />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
<br />person relating to such makers; and (3) Except as previously disclosed to and acknowledged by Lender in writing. (a) neither Truslor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any
<br />Haeardous Substance on, under, about or from the Property: and (b) any such activity shall be conducted in compliance with all applicable
<br />federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. Truster authorizes Lender and
<br />or agents to enter upon the Property to make such inspections and tests, at Trustor'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 far Lender's
<br />purposes only and shall not be construed to create any responsibility or liability on the pert of Lender to Truster or to any other person. The
<br />representations and warranties contained herein are based on Trusters due diligence in investigating the Property for Hazardous
<br />Substances. Trustor hereby (1) releases and waives any future claims against Lander for indemnity or continbutlon in the event Trustor
<br />becomes liable for cleanup or other costs under any such laws; and (2) agrees to indemnity and hold harmless Lender against any and all
<br />claims, losses, liabilities, damages, penalties, and expenses which Lender may directly, or indirectly sustain or suffer resulting from a breach
<br />of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened
<br />release =coning prior to Trustor's ownership or interest in the Properly, whether or not the same was or should have been known to Trustor.
<br />Tha provisions of this section of the Deed of Trust, including the obligation to Indemnify, shall survive the payment of the Indebtedness and
<br />the satisfaction and reconvey utc, of the Ilan of this Deed of Trust and shall not be affected by Lender's acquisition of any interest in the
<br />Property, whether by foreclosure or otherwise.
<br />Nuisance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any shipping of or waste on or to
<br />the Property or any portion of the Property. Without limiting the generality Of the foregoing, Trustor will not remove, or grant to any other
<br />party the right to remove, any limber, minerals (including oil and gas), coal, clay, scads, soil, gravel Or rock products without Lenders prior
<br />Wdgem consent.
<br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lenders prior written
<br />consent. As a condition to the removal of any Improvements, Lander may require Trustor to make arrangements satisfactory to Lender to
<br />replace such Improvements with Improvements of at least equal value.
<br />Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all reasonable times to
<br />attend to Lender's interests and to inspect the Real Property for purposes of Trustor's compliance with the terms and conditions of this Deed
<br />of Trust.
<br />Compliance with Governmental Requirements. Trustor shall promptly comply with all laws, ordinances, and regulations, now or hereafter
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