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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank RD' Inc ~ / 50"]' n / Q o
<br />West Branch ~[ l~
<br />2Q09 N. Diers Ave. (p b'S~o ]:.
<br />Grand Island, NE_68803 FOR RECORDER'S USE ONLY
<br />FIVE POINTS SANK
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated May 4, 2010, among KEITH W FREEMAN, A SINGLE PERSON ("Trustor"1; Five
<br />Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below
<br />sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points Bank, whose address is P.O Box
<br />7507, Grand Island, NE 68802-9507 (referred to below as "Trustee"1.
<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 HALL
<br />County, State of Nebraska:
<br />A tract of land comprising a part of Lots 26 and 27, County Subdivision of the West (W1/2) of the
<br />Southwest Quarter of Section 90, Township 11 North, Range 9 West of the 6th P.M., Hall County,
<br />Nebraska, more particularly described as follows: Beginning at a point of the North line of said Lot 27,
<br />where said line intersects the Eas# R.O.W. line of Cherry Street thence Easterly for 125 feet along the said
<br />North line of Lot 27 also being the South R.O.W. line of 12th Street; thence Southerly for 101 feet; thence
<br />Westerly for 125 feet to a point of the East R.O.W. line of Cherry Stmt; thence Northerly for 707 feet
<br />along the said Easterly R.O.W. line to the point of beginning.
<br />The Real Property or its address is commonly known as 1139 N CHERRY ST, GRAND ISLAND, NE
<br />6$801-2669.
<br />REVOLVING LINE OF CREDIT. This Deed of Trus# 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 any one time, not
<br />including finance charges pn 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 this paragraph, shall not exceed the Credit Limit as provided in the
<br />Credit Agreement. It is the intention of Trustor 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 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 Tq SECURE (A) PAYMENT OF THE INDEBTEDNESS AND IB) 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 Dead of Trust as they became 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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