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NE 68803 <br /> <br />DEED OF TRUST. <br /> <br /> <br />~:~ <br />~ <br /> <br />:3 <br />:;::n <br />-c <br /> <br />....... <br />....... <br />Cl <br /> <br />(") (fJ <br />0-4 <br />c: J'" <br />z-4 <br />-4r1l <br />-< C, <br />C) ""'<1 <br />""'<1 __ <br />~.:.L ri"-; <br />'1'-')r tJJ <br />;::- ::0 <br />r 1.> <br />(f> <br />:;><; <br />p. <br />'-" '-" <br /> <br />c::> <br />N <br />c::> <br />c::> <br />-.J <br />c::> <br />W <br />U1 <br /> <br />i <br />~ <br />~ <br />i <br />~ <br />~ <br />Z <br />., <br /> <br />~ E~ <br /> <br />G-), ~"- <br />o ''''''-.\," <br />....,., <br />(:? C....',~',.. <br />P1 \'\" <br />f" (' <br />'_J f: <br />L/") \..lI. <br />>--. <br />\. <br /> <br />......... <br /> <br />-',1 <br />=:3 <br /> <br />U1 <br />(j) <br /> <br />~-" <br /> <br />..- <br /> <br />FOR RECORDER'S USE ONLY <br /> <br />5z-0t:> <br /> <br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $400,000.00. <br /> <br />THIS DEED OF TRUST is dated April 25, 2007. among DANIEL FOGlAND and CHRISTINE FOGlAND; <br />HUSBAND AND WIFE ("Trustor"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, <br />Grand Island. NE 68803 (referred to below sometimes as "lender" and sometimes as "Beneficiary"); and Five <br />Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802-1507 (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 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 />See the exhibit or other description document which is attached to this Deed of Trust and made a part of <br />this Deed of Trust as if fully set forth herein. <br /> <br />The Real Property or its address is commonly known as 365 N BROADWELL AVE, GRAND ISLAND, NE <br />68803. <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 barred by any statute of limitations, and whether the obligation to repay <br />such amounts may be or hereafter may become otherwise unenforceable. <br /> <br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by lender to Trustor whether or not the <br />advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts <br />specified in the Note, all future amounts lender in its discretion may loan to Trustor, together with all interest thereon; however, in no <br />event shall such future advances (excluding interest) exceed in the aggregate $400,000.00. <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 (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 /> <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 />