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<br />WHEN RECORDED MAIL TO:
<br />MUTUAL OF OMAHA BANK
<br />MAIN BANK
<br />3333 FARNAM STREET
<br />OMAHA. NE 68131
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $377,515.50.
<br />
<br />THIS DEED OF TRUST is dated May 2, 2008, among GEORGE POULLOS and JODY J. POULLOS, whose
<br />address is 6221 N 158TH AVE CIR, OMAHA, NE 68116; HUSBAND AND WIFE AS JOINT TENANTS
<br />("Trustor"); MUTUAL OF OMAHA BANK, whose address is MAIN BANK, 3333 FARNAM STREET, OMAHA,
<br />NE 68131 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and MUTUAL OF
<br />OMAHA BANK, whose address is 3333 FARNAM STREET, OMAHA, NE 68131 (referred to below as
<br />"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 maners, (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />
<br />PARCEL 1: LOT 8 AND THE WEST 1/2 OF LOT 7, BLOCK 2, IN PARKHILL SUBDIVISION, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />PARCEL 2: LOT THIRTY (30), IN ISLAND ACRES NO. SEVEN (7), A SUBDIVISION OF PART OF
<br />FRACTIONAL SECTION SEVEN (7); PART OF THE WEST HALF OF THE WEST HALF (W 1/2 W 1/2) OF
<br />SECTION EIGHT (8); AND PART OF LOT TWENTY-FOUR (24), ISLAND ACRES, ALL IN TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M., IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />
<br />PARCEL 3: LOT THREE (3) IN BLOCK SEVENTY-SEVEN (77) IN WHEELER AND BENNETT'S THIRD
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />PARCEL 4: THE EAST 34.5 FEET OF LOT 32 AND THE WEST 14.5 FEET OF LOT 33, ALL IN
<br />BUENAVISTA SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 2509 W JOHN ST; 3020 WESTSIDE ST;311 E 15TH
<br />ST; 335 E DODGE ST, GRAND ISLAND, NE 68801. The Real Property tax identification number is
<br />400073293;400049317;400125447;400027038.
<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 />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 THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at Borrower's request and
<br />not at the reqllest of Lender; (b) Trustor has thefull power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; (c) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument.
<br />binding upon Trustor and do not result in e violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower {including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other
<br />law which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their respective obligations under the Note,
<br />this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of
<br />the Property shall be governed by the following provisions:
<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 />maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership
<br />of the Property, there has been no use, 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 has no knowledge of, or reason to believe
<br />that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />
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