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<br />WHEN RECORDED MAIL TO:
<br />Exchange Bank 7'% 5 D
<br />P.O. Box 760 � a0`l /dLL.EN DR. ��
<br />#14 LaBarre G2/�NO �s�ranro NE -
<br />Gibbon, NE 6$840 (a884�3 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />TMIS DEED OF TRUST is dated June 4, 207Q, among Trent Huff and Panni Huff, Husband and Wife as Joint
<br />Tenants ("Trustor"►; Exchange Bank, whose addrass is P.O. Box 760, #94 LaBarre, Gibbon, NE 68840
<br />(referred to below sometimes as "l.ender" and sometimes as "Beneficiary"); and Exchange Bank, whose
<br />address is P.O. Box 5793, Grand Island, NE 68802 (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 IoCated 'In Hall
<br />County, State of Nebraska:
<br />Parcel 1) Lot Nine (9), Block Thrae (31, In Bonnie Brae Addition to the City of Grand Island, Mall County,
<br />Nebraska
<br />Parcel 2) Lot Forty Six (46►, Fanner View Subdivision, In the City of Grand Island, Hall County, Nebraska.
<br />Parcel 3) Lat Nine (91, Black Eighty Two (821, In Wheeler and BennetYs Fourth Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />Parcel 4) Lot Fourteen ( ��1, Block Two (21, in Meves First Addition to the Clty of Grand Island, HaIN
<br />County, Nebraska.
<br />Parcel 5) Lo# One (1), Huff Subdivision in the Ci#y af Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 1408 W 5th, 7014 Nebraska Ave, 316 E 15th, 628
<br />Meves Ave, 212 E 15th, Grand Island, NE.
<br />REVQLVING I.INE 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 tha terms of the Note.
<br />7rustor presently assigns to Lender (also knpwn as Banaficiary in this Deed of Trust) all of Trustor's right, tiYle, and interest in and to all
<br />present and future leases of the Property and all Rents from the Prpperty. In addition, Trustor grants to Lender a Uniform Cpmmercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT QF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAI.
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (�) PERFORMANCE OF ANY AND ALL OBLIGATIQNS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AN� THIS �EED OF TRUST. THIS DEEb pF TqUS7 IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Dead of 7rust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timaly manner perform all of Trustor's obligations under the Note, this
<br />beed of Trust, and the Rela[ed Pocuments.
<br />POSSE5510N AND MAINTENANCE �F TWE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the fpllowing 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 />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserue its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of 7rustor'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) 7rustor has no knowledge of, or reason to believe
<br />that there has been, except as praviously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, msnufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litiga[ion or claims of any kind by any person relating to such matters; and (3) Except as previously disciosed [o and
<br />acknowledged by Lender in writing, (a1 neither Trustor nor any tanant, contractor, agent or other authorized user of the Property
<br />shall use, generate, manutacture, stvre, treat, dispose of or release any Hazardous Substance on, under, about or from the Property;
<br />and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and
<br />ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property
<br />to make such inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the Property
<br />with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and shall not be
<br />construed to create any responsibility or liability on the part of Lender to Trustar or to any other person. The representations and
<br />warranties contained herein are based on 7rustor's due diligence in investigating the Property for Hazardous 5ubstances. Trustor
<br />hereby (1) releases and waives any future cleims against Lender for indemnity or contribution in the event Trustor becomes 1ia61e for
<br />cleanup or other costs under any such laws; and (2) agrees to indemnify, defend, and hold harmless Lender against any and all
<br />claims, losses, liabilities, damages, penalties, and expenses which Lender mey directly or indirectly sustain or suffer resulting from a
<br />breach of this section of the Deed of Trust ar as a consequence of any use, generation, manufacture, storage, disposal, release or
<br />threatened release occurring prior to Trustor's ownership or interest in the Property, whether or not the same was or should have
<br />been knpwn to l"rustor. The provisions of this section of the Deed of Trust, including the obligation to indemnify and defend, shall
<br />survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of this Deed of Trust and shall not be
<br />affected bv Lender's acpuisition of anv interest in the ProQertv, whether bv foreclosure or otherwise.
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