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<br />HEN RCZRDED MAIL TO:
<br />Nebraska State Bank & Trust Co.
<br />Broken Be. Branch
<br />P.O. Box 688
<br />Broken Bow NE 68822 FOR RECORDER'S USE ONLY
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<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $600,000.00. o
<br />THIS DEED OF TRUST is dated October 14, 2002, among JAMES H BERGGREN and DEBRA J. BERGGREN,
<br />whose address is BOX 156, GRAND ISLAND, NE 68802 ('Trustor"); Nebraska State Bank & Trust Co.,
<br />whose address is Broken Bow Branch, P.O. Box 688, Broken Bow, NE 68822 (referred to below sometimes
<br />as "Lender" and sometimes as "Beneficiary"); and NEBRASKA STATE BANK AND TRUST COMPANY, whose
<br />address is 945 SOUTH D'STREET, BROKEN BOW, NE 68822 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Truster conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustors right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements antl fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real pProperty, including
<br />")
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Propel located in HALL (:ourlty, State of
<br />Nebraska:
<br />THE NORTH ONE -HALF OF THE EAST ONE -HALF IN 1/2 E 112) OF LOT ONE (1), OF VANTINE'S
<br />SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The Real Property or its address Is commonly known as 105 -109 ANDERSON STREET, GRAND ISLAND, NE
<br />68803.
<br />CROSS-COLLATERALRATION. In addition to the Note, this Dead of Trust secures all obligations, debts and liabilities, plus interest thereon, of
<br />Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether now
<br />existing or hereafter arising, whether related 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, liquidated or uniiquidated whether Borrower or Truster may be liable
<br />individually or jointly with others, whether obligated as guarantor, surety, accommodation parry 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 unenforceable.
<br />REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts specified in the Indebtedness definition, and without limitation,
<br />this Deed of Trust secures a revolving line of credit, which obligates Lender to make advances to Borrower so long as Borrower
<br />complies with all the terms of the Note.
<br />Truster presently assigns to Lender (also known as Beneficiary in MIS Deed of Trust) all of Truster's right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grams to Lender a Uniform Commercial Code security
<br />interest in the Personal Property, and Parrs. r
<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 that: (a) this Deed of Trust is executed at Borrowers request and not
<br />at the request of Lender; (b) Trustor has the full power, right, and authority M enter into this Deed of Trust and to hypothecate the Property; (c)
<br />the provisions of this Deed of Treat do not conflict all or result in a default under any agreement or other inskulnent binding upon Trustor and
<br />do net result in a violation of any law, regulation, court cards or order applicable to Trustor, (d) Trustor has established adequate means of
<br />obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no representation to
<br />Trustor about Borrower ( including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Truster waives all rights or defenses arising by reason of any action' or "anti - deficiency" law, or any other law
<br />which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise entitled to a
<br />claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of
<br />sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness secured by
<br />this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the Note, this Deed of
<br />Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Treaters possession and use of the
<br />Property shall be govemed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage Me Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain Me Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve it value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender Mat: (1) During Me period of Truster's ownership of
<br />Me Property, Mere 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 Me Property; (2) Truster has no knowledge of, or reason to believe Mat 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 Hazardous Substance on, under, about or
<br />from the Property 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 matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agisla otf(erndrofized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any
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<br />HEN RCZRDED MAIL TO:
<br />Nebraska State Bank & Trust Co.
<br />Broken Be. Branch
<br />P.O. Box 688
<br />Broken Bow NE 68822 FOR RECORDER'S USE ONLY
<br />N
<br />C
<br />s
<br />0
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $600,000.00. o
<br />THIS DEED OF TRUST is dated October 14, 2002, among JAMES H BERGGREN and DEBRA J. BERGGREN,
<br />whose address is BOX 156, GRAND ISLAND, NE 68802 ('Trustor"); Nebraska State Bank & Trust Co.,
<br />whose address is Broken Bow Branch, P.O. Box 688, Broken Bow, NE 68822 (referred to below sometimes
<br />as "Lender" and sometimes as "Beneficiary"); and NEBRASKA STATE BANK AND TRUST COMPANY, whose
<br />address is 945 SOUTH D'STREET, BROKEN BOW, NE 68822 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Truster conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustors right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements antl fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real pProperty, including
<br />")
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Propel located in HALL (:ourlty, State of
<br />Nebraska:
<br />THE NORTH ONE -HALF OF THE EAST ONE -HALF IN 1/2 E 112) OF LOT ONE (1), OF VANTINE'S
<br />SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The Real Property or its address Is commonly known as 105 -109 ANDERSON STREET, GRAND ISLAND, NE
<br />68803.
<br />CROSS-COLLATERALRATION. In addition to the Note, this Dead of Trust secures all obligations, debts and liabilities, plus interest thereon, of
<br />Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether now
<br />existing or hereafter arising, whether related 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, liquidated or uniiquidated whether Borrower or Truster may be liable
<br />individually or jointly with others, whether obligated as guarantor, surety, accommodation parry 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 unenforceable.
<br />REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts specified in the Indebtedness definition, and without limitation,
<br />this Deed of Trust secures a revolving line of credit, which obligates Lender to make advances to Borrower so long as Borrower
<br />complies with all the terms of the Note.
<br />Truster presently assigns to Lender (also known as Beneficiary in MIS Deed of Trust) all of Truster's right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grams to Lender a Uniform Commercial Code security
<br />interest in the Personal Property, and Parrs. r
<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 that: (a) this Deed of Trust is executed at Borrowers request and not
<br />at the request of Lender; (b) Trustor has the full power, right, and authority M enter into this Deed of Trust and to hypothecate the Property; (c)
<br />the provisions of this Deed of Treat do not conflict all or result in a default under any agreement or other inskulnent binding upon Trustor and
<br />do net result in a violation of any law, regulation, court cards or order applicable to Trustor, (d) Trustor has established adequate means of
<br />obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no representation to
<br />Trustor about Borrower ( including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Truster waives all rights or defenses arising by reason of any action' or "anti - deficiency" law, or any other law
<br />which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise entitled to a
<br />claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of
<br />sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness secured by
<br />this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the Note, this Deed of
<br />Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Treaters possession and use of the
<br />Property shall be govemed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage Me Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain Me Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve it value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender Mat: (1) During Me period of Truster's ownership of
<br />Me Property, Mere 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 Me Property; (2) Truster has no knowledge of, or reason to believe Mat 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 Hazardous Substance on, under, about or
<br />from the Property 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 matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agisla otf(erndrofized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any
<br />
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