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<br />200214254
<br />WHEN RECORDED MAIL TO: 1
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />G d l l d NE 6890' FOR RECORDER'S USE ONLY
<br />DEED OF TRUST —�
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 845.000.00.
<br />THIS DEED OF TRUST is dated December 18, 2002, among DOUGLAS FANGMEIER and DENISE RENE
<br />FANGMEIER; Husband and Wife ( "Trustor "); Five Points Bank, whose address is West Branch, 2009 N. Were
<br />Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary ");
<br />and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"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 Tractor'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 a ements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights )including stock In utilities with ditch or irrigation rights); and all ether rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />County. State of Nebraska:
<br />Lot One (1) of Triple D Subdivision in Hell County. Nebraska
<br />The Reel Property or its address is commonly known as 3467 S HIGHWAY 11, WOOD RIVER, NE 68883.
<br />The Real Property tax identification number is 400411121
<br />FUTURE ADVANCES. Specifically, without [Imitation, this Dead of Trust randems. in eddilion to the aunts specified In the Note, all
<br />future amounts Lender in its discretion may loan to Trustor, together with all interest thereon; however, in no event shall such future
<br />advances (excluding Interest) exceed in the aggregate 545,000.00.
<br />Treanor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Tractor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rants from the Properly. 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 (A) PAYMENT OF THE INDEBTEDNESS AND 161 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, antl shall strictly and In a timely manner perform all of Trustor 'a obligations under the Note, this
<br />Deed of Treat, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that TTustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of on Event of Default, Truemr may IH 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. Torrent shall maintain the Property in good condition and promptly perform ell repairs, replacements, and
<br />maintenance necessary to preserve Its Value.
<br />Compliance With Environmental Laws. Trusor represents and warrants to Lender Then: It) During the period of Tractor's ownership
<br />of the Property, there has been no e, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor her no knowledge ot, or reason to believe
<br />that there has been, except as previc cly dlrcloaed to and acknowledged by Lender in writing, (a) any breech or violation of any
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<br />WHEN RECORDED MAIL TO: 1
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />G d l l d NE 6890' FOR RECORDER'S USE ONLY
<br />DEED OF TRUST —�
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 845.000.00.
<br />THIS DEED OF TRUST is dated December 18, 2002, among DOUGLAS FANGMEIER and DENISE RENE
<br />FANGMEIER; Husband and Wife ( "Trustor "); Five Points Bank, whose address is West Branch, 2009 N. Were
<br />Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary ");
<br />and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"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 Tractor'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 a ements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights )including stock In utilities with ditch or irrigation rights); and all ether rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />County. State of Nebraska:
<br />Lot One (1) of Triple D Subdivision in Hell County. Nebraska
<br />The Reel Property or its address is commonly known as 3467 S HIGHWAY 11, WOOD RIVER, NE 68883.
<br />The Real Property tax identification number is 400411121
<br />FUTURE ADVANCES. Specifically, without [Imitation, this Dead of Trust randems. in eddilion to the aunts specified In the Note, all
<br />future amounts Lender in its discretion may loan to Trustor, together with all interest thereon; however, in no event shall such future
<br />advances (excluding Interest) exceed in the aggregate 545,000.00.
<br />Treanor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Tractor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rants from the Properly. 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 (A) PAYMENT OF THE INDEBTEDNESS AND 161 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, antl shall strictly and In a timely manner perform all of Trustor 'a obligations under the Note, this
<br />Deed of Treat, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that TTustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of on Event of Default, Truemr may IH 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. Torrent shall maintain the Property in good condition and promptly perform ell repairs, replacements, and
<br />maintenance necessary to preserve Its Value.
<br />Compliance With Environmental Laws. Trusor represents and warrants to Lender Then: It) During the period of Tractor's ownership
<br />of the Property, there has been no e, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor her no knowledge ot, or reason to believe
<br />that there has been, except as previc cly dlrcloaed to and acknowledged by Lender in writing, (a) any breech or violation of any
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