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<br />State of Ne~r~\Q/ Clay County
<br />RecehlM irrecord this .2
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<br />rUZ,.5o~ M nd recorded
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<br />Gil Dage~
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<br />~ County Clerk 6
<br />t rUA ~QiO . r ,n P~r>~
<br />Deputy
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<br />RECORDERS MEMO: cutl.e..d 6l'.1~'M(j(
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<br />WHEN RECORDED MAIL TO:
<br />HASTINGS STATE BANK
<br />MAIN BRANCH
<br />530 N BURLINGTON
<br />PO BOX 2178
<br />HASTINGS. NE 68902
<br />
<br />200902533
<br />
<br />Reg. of Deeds
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is dated March 30, 2009, among MICHAEl RADER and MARJORIE RADER; Husband
<br />and Wife ("Trustor"); HASTINGS STATE BANK, whose address is MAIN BRANCH, 530 N BURLINGTON. PO
<br />BOX 2178, HASTINGS. NE 68902 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and HASTINGS STATE BANK, whose address is 530 N. BURLINGTON, HASTINGS, NE 68901
<br />(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 CLAY
<br />AND HALL County, State of Nebraska:
<br />
<br />THE WEST HALF OF THE WEST HALF OF THE SOUTHWEST QUARTER (W1/2W1/4SW1/4) OF SECTION
<br />THIRTY-TWO (32), TOWNSHIP EIGHT (8) NORTH, RANGE EIGHT (8) WEST OF THE 6TH P.M.. CLAY
<br />COUNTY, NEBRASKA. EXCEPT A TRACT OF LAND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />BEGINNING AT THE SOUTHWEST CORNER OF SAID SOUTHWEST QUARTER (SW1/4); THENCE RUNNING
<br />NORTH ON THE WEST LINE OF SAID SOUTHWEST QUARTER (SW1/4) ON AN ASSUMED BEARING OF
<br />NOooOO'OO"E FOR 624.00 FEET; THENCE RUNNING N90000'OO"E FOR 230.00 FEET; THENCE RUNNING
<br />SOooOO'OO"W PARALLEL WITH THE WEST LINE OF SAID SOUTHWEST QUARTER (SW 1/4) TO A POINT
<br />ON THE SOUTH LINE OF SAID SOUTHWEST QUARTER (SW1/4); THENCE RUNNING WESTERLY ON THE
<br />SOUTH LINE OF SAID SOUTHWEST QUARTER (SW1/4) A DISTANCE OF 230.00 FEET TO THE POINT OF
<br />BEGINNING
<br />
<br />THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER (NE 1/4 NW 1/4) OF SECTION
<br />TWENTY-FIVE (25), TOWNSHIP EIGHT (8) NORTH, RANGE EIGHT (8) WEST OF THE 6TH P.M., CLAY
<br />COUNTY,NEBRASKA
<br />
<br />THE EAST HALF OF THE SOUTHEAST QUARTER (E 1/2 SE 1/4) OF SECTION THIRTY-FOUR (34),
<br />TOWNSHIP TEN (10) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 31940 ROAD B, INLAND; NE 1/4 NW 114 25-8-8,
<br />CLAY CO; E 1/2 SE 1/434-10-9, HALL. CO, NE 68954.
<br />
<br />CROSS-COllATERAlIZATION. 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.
<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 nnd future lenses of the Property and all Rents fwm 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 THIS DEED OF TRUST. THIS 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 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 />maintenance necessary to preserve its value.
<br />
<br />Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so long as this Deed of
<br />Trust remains a lien on the Property, used for the generation, manufacture, storage, treatment, disposal, release or threatened release
<br />of any Hazardous Substance in violation of any Environmental laws. Trustor authorizes lender and its agents to enter upon the
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