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<br /> WHE RECORDED MAIL TO:
<br /> Five Points Bank Po S.,-y. /So 7
<br /> South Branch 02.. SD
<br /> 3111 W. Stolley Pk. Rd. L S~ '75
<br /> Gran Island, NE 68801 FOR RE RDER' USE ONLY
<br /> FIVE POINTS &NK
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $100,000.00.
<br /> THIS DEED OF TRUST is dated May 5, 2009, among ROBERT L DODENDORF and CHAWNA L DODENDORF;
<br /> HUSBAND AND WIFE ("Trustor"); Five Points Bank, whose address is South Branch, 3111 W. Stolley Pk. Rd.,
<br /> Grand Island, NE 68801 (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 /> CONVEYANCE AND GRANT. For valuable consideration, Trustor convoys 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 /> LOT TWO (2), BRACH'S FIFTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> The Real Property or its address is commonly known as 1404 S HARRISON ST, GRAND ISLAND, NE
<br /> 68803-6355.
<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 Truster 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 any one 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 expanded or advanced as provided in this paragraph, shall not exceed the Credit Limit as provided in the
<br /> Credit Agreement. It Is the Intention of Truster and Lender that this Deed of Trust secures the balance outstanding under the Credit
<br /> Agreement from time to time from zero up to the Credit Limit as provided in the Credit Agreement and any intermediate balance.
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Dead 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 EACH OF TRUSTOR'S
<br /> AGREEMENTS AND OBLIGATIONS UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br /> FOLLOWING TERMS:
<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.
<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 /> 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.
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