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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 $178,182.79.
<br />THIS DEED OF TRUST is dated December 5, 2002, among Timothy C. Plate, a single person, whose address is
<br />2608 Old Fair Road, Grand Island, NE 68803 ( "Trustor" 1; Wells Fargo Bank Nebraska, National Association,
<br />whose address is Grand Island -Main, 304 W 3rd St, Grand Island, NE 68801 (referred to below sometimes as
<br />"Lender" and sometimes as "Beneficiary"): and Wells Fargo Financial National Bank, whose address is 1919
<br />Douglas Street, Omaha, NE 68102 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor 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
<br />rights and ditch rights (including stock in utilities with ditch or Irrigation rights(: end all other rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, ail, gas, geothermal and similar matters, (the "Real Property") located in Hell
<br />County, State of Nebraska:
<br />Lots Sixteen (16) and Seventeen (17), Block Three (3). in Southern Acres Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 2612 Chanticleer & 2616 Chanticleer, Grand Island,
<br />NE 68801. The Real Property tax identification number is 400093413 & 400093405
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust( all of Trustor's right, title, and interest in end to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Code security 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 IAI PAYMENT OF THE INDEBTEDNESS AND un 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 Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustri obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Toaster's possession and use of the Property shall be
<br />governed 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;
<br />(2) use, operate or manage the Property: and (3) collect the Rents from the Property.
<br />Duty to Maintain. Toaster shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender That: I11 During the parted of Truatoi s ownership
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