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<br />WHEN RECORDED MAIL TO:
<br />Geneva State Bank
<br />Geneva Branch
<br />P.O. Box 313
<br />896 G Street
<br />Genevil, NE 68361
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<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is dated July 24. 2006. among JJW Enterprises. LLC. whose address is 21402 Deer
<br />Haven Trail. Eagle. NE 68347; a Nebraska Limited Liability Company ("Trustor"); Geneva State Bank. whose
<br />address is Geneva Branch. P.O, Box 313. 896 G Street. Geneva. NE 68361 (referred to below sometimes as
<br />"Lender" and sometimes as "Beneficiary"); and GENEVA STATE BANK. whose address is P.O. Box 313.
<br />Geneva. NE 68361 (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 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 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 />
<br />Parcell: Lot 2, Raymond Burl Industrial Park, West Subdivision. in the City of Grand Island. Hall County.
<br />Nebraska (2430 S North Rd,)
<br />
<br />Parcel II: A tract of land comprising a part of the Northwest Quarter of the Southwest Quarter (NW 1/4
<br />SW 1/4) of Section Thirty-Five (35). Township Eleven (11) North. Range Ten (10) West of the 6th P.M..
<br />Hall County. Nebraska. and more particularly described as follows:
<br />
<br />Beginning at the southwest corner of said Northwest Quarter of the Southwest Quarter (NW 1/4 SW 1/4);
<br />thence northerly along and upon the west line of said Northwest Quarter of the Southwest Quarter (NW
<br />1/4 SW 1/4). a distance of One Thousand Three Hundred Forty-Six and Thirty-Three Hundredths
<br />(1,346.33) feet to a point that is Thirty-One and Ninety-Seven Hundredths (31.97) feet south of the
<br />Northwest corner of said Northwest Quarter of the Southwest Quarter (NW 1/4 SW 1/4); thence easterly
<br />parallel with the north line of the Southwest Quarter of the Northwest Quarter (SW 1/4 NW 1/4). a
<br />distance of One Thousand Three Hundred Seventeen and Six Tenths (1.317.60) feet to a point on the east
<br />line of said Northwest Quarter of the Southwest Quarter (NW 1/4 SW 1/4). said point being Thirty-Two
<br />and Three Hundredths (32.03) feet south of the northeast corner of said Northwest Quarter of the
<br />Southwest Quarter (NW 1/4 SW 1/4). thence southerly. along and upon the east line of said Northwest
<br />Quarter of the Southwest Quarter (NW 1/4 SW 1/4). a distance of One Thousand Three Hundred
<br />Thirty-Nine and Six Hundredths (1.339.06) feet to the southeast corner of said Northwest Quarter of the
<br />Southwest Quarter (NW 1/4 SW 1/4); thence westerly along and upon the south line of said Northwest
<br />Quarter of the Southwest Quarter (NW 1/4 SW 1/4). a distance of One Thousand Three Hundred Nineteen
<br />and Forty-Five Hundredths (1.319.45) feet to the point of beginning.
<br />
<br />CROSS-COllATERALlZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Trustor to lender, or anyone or more of them, as well as all claims by lender against Trustor or anyone or more of them,
<br />whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise,
<br />whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether
<br />recovery upon such amounts may be or hereafter may become balred by any statute of limitations, and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable.
<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 IA) PAYMENT OF THE INDEBTEDNESS AND IB) 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 />
<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 Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents,
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />
<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 />
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />
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