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<br />RETURN TO R.t.ibwv-'
<br />)RI Title & Escrow
<br />20 I Street, Suite 100
<br />-Omaha, NE 68137
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<br />\.\IIIJ;;N Ai~OR~[9 MAIL. TO:
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<br />WAlNl:lT SR[[IC l;:A 9-4511&
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<br />FOR RECORDER'S USE ONLY
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<br />:It 3CofS!~ 1
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<br />DEED OF TRUST
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<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $8,856.00.
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<br />THIS DEED OF TRUST is dated July 11, 2008, among VERNON 0 ROBBINS and KAY L ROBBINS, HUSBAND
<br />AND WIFE, AS JOINT TENANTS AND NOT AS TENANTS IN COMMON, whose address is 404 WYANDOTTE
<br />STREET, GRAND ISLAND, NE 68801 ("Trustor"); BANK OF THE WEST, whose address is GRAND ISLAND,
<br />3301 W STATE STREET, GRAND ISLAND, NE 68803-2305 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and BANK OF THE WEST, whose address is 1450 TREAT BLVD, WALNUT
<br />CREEK, CA 94597 (referred to below as "Trustee").
<br />CONVEY ANCE 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 />THE EASTERLY TWENTY (20) FEET OF LOT FIFTEEN (15) AND ALL OF LOT SIXTEEN (16), IN BLOCK
<br />THREE (3) SECOND ADDITION TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION BEING IN THE
<br />NORTHEAST QUARTER OF THE NORTHEAST QUARTER (NE1/4 NE1/4) OF SECTION TWENTY-EIGHT
<br />(28), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN HAll COUNTY,
<br />NEBRASKA.
<br />
<br />The Real Property or its address is commonly known as 404 WYANDOTTE STREET, GRAND ISLAND, NE
<br />68801 .
<br />
<br />REVOLVING 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, and 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 IA) PAYMENT OF THE INDEBTEDNESS AND (B) 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 as 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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