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<br />DRI Title & Escrow
<br />720 I Street, Suite 100
<br />- Omaha, NE 68137
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<br />WHEN HI:GORDED MAIL TO:
<br />-BANK OF THE WESI
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<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $43,000.00.
<br />
<br />THIS DEED OF TRUST is dated May 22. 2007, among DAVID BOROFF and PAULA BOROFF, HUSBAND AND
<br />WIFE, whose address is 18032 W OLD POTASH HIGHWAY. SHELTON, NE 68876 ("Trustor"); BANK OF THE
<br />WEST, whose address is EMPLOYEE LOAN OFFICE, 1450 TREAT BLVD. WALNUT CREEK, CA 94597
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and BANK OF THE WEST, whose
<br />address is 1450 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 ri9hts, 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 />A TRACT OF LAND COMPRISING A PART OF THE SOUTHEAST QUARTER (SE1/4) OF SECTION
<br />SEVENTEEN (17). TOWNSHIP ELEVEN (11) NORTH, RANGE TWELVE (12) WEST OF THE 6TH P.M. HALL
<br />COUNTY. NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />
<br />BEGINNING AT THE SOUTHEAST CORNER OF SAID SOUTHEAST QUARTER (SE1/4); THENCE RUNNING
<br />WESTERLY, ALONG AND UPON THE SOUTH LINE OF SAID SOUTHEAST QUARTER (SE1/4), A DISTANCE
<br />OF SEVEN HUNDRED EIGHTEEN AND SIXTY EIGHT HUNDREDTHS (718.68) FEET; THENCE DEFLECTING
<br />RIGHT 89' 42' 42" AND RUNNING NORTHERLY, PARALLEL WITH THE EAST LINE OF SAID SOUTHEAST
<br />QUARTER (SE1/4). A DISTANCE OF SIX HUNDRED FIFTY NINE AND NINETY EIGHT HUNDREDTHS
<br />(659.98) FEET; THENCE DEFLECTING RIGHT 88' 12' 58" AND RUNNING EASTERLY, A DISTANCE OF
<br />SEVEN HUNDRED NINETEEN AND TWO HUNDREDTHS (719.02) FEET TO A POINT ON THE EAST LINE
<br />OF SAID SOUTHEAST QUARTER (SE1/4); THENCE DEFLECTING RIGHT 91' 47' 02" AND RUNNING
<br />SOUTHERLY, ALONG AND UPON THE EAST LINE OF SAID SOUTHEAST QUARTER (SE1/4), A DISTANCE
<br />OF SIX HUNDRED EIGHTY FIVE AND NINETY EIGHT HUNDREDTHS (685.98) FEET TO THE POINT OF
<br />BEGINNING. PARCEL #400418509.
<br />
<br />The Real Property or its address is commonly known as 18032 W OLD POTASH HIGHWAY, SHELTON. NE
<br />68876.
<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 />
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