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<br />---wrren r~cordcd mail to: ~. [~
<br />LENDERS ADVANTAGE
<br />FIRST AMERICAN TITLE INSURANCE
<br />/228 EUCLlD A VENUE, SUITE 400
<br />CLEVELAND, OHIO 44/I 5
<br />It TTN: NA TIONAL RECORDINGS / /]0
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<br />FOR RECORDER'S USE ONLY
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<br />BANK:lfEWEST
<br />
<br />DEED OF TRUST
<br />
<br />1111111111111111111111111 HUSAK
<br />9458808
<br />FIRST AMERICAN LENDERS ADVANTAGE
<br />DEED OF TRUST
<br />1111111111111111111111111111111111111111111111
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $20,000.00.
<br />
<br />THIS DEED OF TRUST is dated May 24, 2006, among GLENN E HUSAK and CHERYL A HUSAK, HUSBAND
<br />
<br />AND WIFE EACH IN HIS OR HER OWN RIGHT, AS JOINT TENANTS AND NOT AS TENANTS IN COMMON
<br />
<br />whose address is 1012 MAIN STREET, WOOD RIVER, NE 68883 ("Trustor"); BANK OF THE WEST, whose
<br />
<br />address is GRAND ISLAND, 3301 W STATE STREET, GRAND ISLAND, NE 68803-2305 (referred to below
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<br />sometimes as "Lender" and sometimes as "Beneficiary"); and BANK OF THE WEST, whose address is 1450
<br />
<br />TREAT BLVD, WALNUT CREEK, CA 94597 (referred to below as "Trustee").
<br />
<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 Trustor'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); and all other riJ:lhts, 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 />
<br />County, State of Nebraska:
<br />
<br />LOT 1, AND THE EAST 39 FEET OF LOT 2, BLOCK 17, ORIGINAL TOWN OF WOOD RIVER, HALL
<br />
<br />COUNTY, NEBRASKA.
<br />
<br />The Real Property or its address is commonly known as 1012 MAIN STREET, WOOD RIVER, NE 68883.
<br />
<br />REVOl VING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving line of credit, which
<br />obligates lender to make advances to Trustor so long as Trustor complies with all the terms of the Credit Agreement. Such advances may
<br />be made, repaid, end remade from time to time, subject to the limitation that the total outstanding balance owing at anyone time, not
<br />including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporary overages.
<br />other charges, and any amounts expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not
<br />exceed the Credit limit as provided in the Credit Agreement. It is the intention of Trustor and lender that this Deed of Trust secures the
<br />balance outstanding under the Credit Agreement from time to time from zero up to the Credit limit as provided in the Credit Agreement
<br />and any intermediate balance.
<br />
<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
<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 />
<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 (AI PAYMENT OF THE INDEBTEDNESS AND (BI PERFORMANCE OF EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOllOWING TERMS:
<br />
<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 8S they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit
<br />Agreement, this Deed of Trust, and the Related Documents.
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