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<br />MAXlMUM L1EN. The lien of Ehis Deed of 7rust shali nat exceed at any,Qne f�me $24�AQD.DO.
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<br />TH15 DEED OF TRUST is dated October �9, 2C?1n� �mong MARTIN ARELLANO and MARGAR�TA ARELLANQ,
<br />HUSBAN❑ AND Wl��, AS J�INT T�NANTS WITH RIGH'TS ()F SURVlV�RSHIP, AN� NOT AS T'�NANT'S IN
<br />COMM�N, whvse address is 3�1 � 3tt0 STR�ET, GRAND ISL.AIdD, NE fi$$Q1 ("Trustor"'), BANK OF THE
<br />WEST, wMose address is GRAND ISLAND, 3301 W S'TAT� 5'�ftEET, GRAND ISLAND, NE fi8803-�305
<br />(r�ferred to befow soinetimes as "Lender" and sQmetimes as "Beneficiary"j; and BA�IK OF TFt� WEST, whose
<br />address is 745q TREAT BLW, WAlNUT CR�EK, CA 94597 (referred to beiow as "Trustee").
<br />CqNV�YANC� ANp GrtAN7. For valuabEe conskleration, Trustnr aanveya to Trustee in trust, Wli'H ppUY�R �F SAI.�, for the d�nefit vf
<br />Lender as Beneficiary, all of Trustor'a right, titie, and interest in and to the fpllqwing described raal property, tvgether with all Ex'ssting or
<br />subsequently erected or �fflxed buildings, impravements and flxtures; all easerreents, rights vf way, a;nd a�purtenances; all water, water
<br />rights and ditch rights (including stock in u6liti�s wtth ditch ar irr�gatian rightsy; �nd all other rig ht�;, rayalties, and proflts relatin ta the real
<br />prpperty, including without limitation afl mir►erais, ail, gas, �eothermal and simihar matE�ers, (th9 " Real property IdC�t� ir� HAL.�.
<br />CoUrtYy, State cf NebraSka:
<br />'THE W�S"C�RLY �NE HALF OF LOT T'HREE (W 'i/2 OF 3}, BLOCK S�1/�MTY (7q) !N ORIGINAL TOWN
<br />NDW C�TY C3F GRAND ISlAND, HALL COUNTY. hlEBRASKA.
<br />1"h� Reai Proparty vr its addresa is commonly knawn as A�07 E 3R� STRE�T, GRAND 15LAND, I�� 888�1.
<br />Trustor preserrtly assigns ta Lender (alsa known as Beneficla�ry in this Deed of "Crust) al� df Trustara Hght, title, and intBrest in and to atl
<br />present and future ieasea of f�e Property and all Rents fr�m the Property. !n addi#ion, Tru�tar grants bo G.entier a Unifv�m Commercial
<br />Cade securify inf�rest ln the Personal Property and Rents.
<br />THIS p���? OF 1'RUST, INCL.UC)INC T'HE ASSI�NMENT pF R�NT8 AND i'HE SEGURlTY INT�RE&T 1N '!"HE RENTS ANp �ERSC7NAL
<br />PROAERT'Y, 18 GIV�N "CO $ECURE (A} pAYMFN7 OF THE INp�B7EDNESS ANb (B) PER�ORMANCE aF ANY ANA ALL DBl,1GATI0NS
<br />UNbER THE NQT�, THE RELA1'�A DOCUMENiTS, AND THIS D�ED QF TRUST. TH18 p�Eb 0� TRUS7IS GIVEN ANO ACCEPT�b ON TH�
<br />FOLLDWING T�RqA3:
<br />PAYM�NT AND PERFOKMANCE. Except es otherwise provided in this deed of Trust, Trustqr shall pay to l.encier all arrsounts secured by
<br />this Deed of Trust as they be�com� due, and shal{ stridly and in a timely manner perFortn all af Trustor's obl�gatlona under the Note, this
<br />Deed pf Trust, and tfie R�lated Documents.
<br />PQ$BEwSIQN ANR MAlNTEldAldCE OF "1'F1� p120P�RTY. 7rustvr aprees fh�t Trustor's poesessEon and use af tha Praperty shali be
<br />governed by the fcllawing provisivns:
<br />Passessian and Use. Until the occurrence pF an Event of Def�ult, 7rustor may (1) remaln in possession and cantrol of the Property;
<br />(2) use, operate or m�nage the Property; and (3) callect the Rents from the Property. •
<br />Duty ta Mafntain. Trustor shall maintain the Property in gond pqnd[tion and promptfy per(orm ail repaira, replacements, and
<br />maintenanoe necessary to preserve iks va{ue. ,
<br />Compl3a�ce With Envtronme�al Lavrs. 7rustvr represarrts and warraMs to l..ender that: (�I } DUring the period of Trustor's ownership
<br />of the Properry, thare has �aen nv use, ger►eration, m�nufacture, storaga, treatment, disposal, release or thr�atenaQ reiease of any
<br />Mazardous 8ubstance by �ny person on, under, aqnut ar from the Praperty; (2) Trustor has no knowledge of, or reasvn to believe
<br />that there has been, except xs prevlous�y disclosed to and acknqwledged by Lr�nder in writing, (a� any breach or viola�on of any
<br />�nvironmer�tal Laws, (b) any use, generation, manufacture�, starage, treatment, disposal, retease or threatened release o� any
<br />Hazardous Substance on, under, apout or from tha Proparty by �ny prior nwners or pccupants of the Praperty, or (c) arty actual or
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<br />���� r DEED OF TR.U5T ��7ZarStreet, 5uite i00
<br />Omaha, iV� 68137 .
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