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<br />WHEN R�CORDED MAIL 70:
<br />Exchanga Bank
<br />P.O. Box 760
<br />#14 LeBarra
<br />Gibbon, NE 68840....._.___.. __.__ ___ FOR RECORDER'S USE ONLY
<br />��
<br />DEED OF TRUST �
<br />�
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time S60,000.00. �' �>
<br />7HIS DEED OF TRUST is dated December 29, 2Q10, among JAY W LEE and MARCIA L LEE, HUSBAND AND
<br />WIFE ("Trustor"); Exchange Bank, whose address is PA. Box 760, #14 LaBarre, Gibbon, NE 68840 (referred
<br />to below sometimes as "Lender" and sometimes as "Beneficiary"); and Exchange Bank, whose address is P.O.
<br />Box 760, Gibbon, NE 68840 (referred to below as "Trustee"1.
<br />CQNVEYANCE AND GRANT. For valua6le consideration, Trustor conveys ta Trustee in trust, WITH POW�R OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to [he following described real property, together with all existing or
<br />subsequentiy erected or affixed buildings, improvements and fixtures; all easeme�nts, 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 limit8tion all minerals, oil, gas, geothermal and similar matters, (the "Real property") locat�d in HALL
<br />County, State of Nebraska:
<br />LOT EIGHT ($) IN "BUCK SUBDIVISION" LOCATED ON PART OF THE SOUTHWEST f2UAR7ER (SW1/4) OF
<br />SECTION TWO (2), IN TOWNSHIP ELEVEN (�'1) NORTH, RANGE TEN (10) WEST OF T'HE 6TW P.M.,
<br />EXCEPT A TRACT OF LAND TO BE USED FOR R�AD PURPOSES COMPRISING A PART OF THE
<br />SDUTHWEST QUARTER (SW1/4) OF SECTION TWO (2) IN 70WNSWIP ELEVEN (11) NORTH, RANG� T�N
<br />(10) WES7 OF THE 6TH P.M., HALL COUNTY, NEBRASKA, AND A PART OF LOT EIGHT (8) OF BUCK
<br />SUBDIVISION IN SAID SOUTHWEST QUARTER (�W1/4) AND MOR� PARTICULARLY DESCRIBED AS
<br />FOLLOWS: BEGINNING AT THE SOUTHEAST CQRNER OF BUCK SUBDIVISION, TWENCE RUNNING
<br />WESTERLY ALONG 7HE 50UTH LINE OF SAID SUBDIVISION, ALSO BEING TWE SOUTH LIN� OF SAID
<br />SOUTHWEST O,UARTER (SW7/4), A DISTANCE OF THIRTY FEET �30'�; THENCE RUNNING NORTH�RLY
<br />AND PARALLEL T� 7ME WEST LINE QF SAID SQUTHWEST QUAR7ER (SW9/4) A DISTANCE OF TWO
<br />HUNDRED SIX7Y FOUR FEET (264.Q') TD A POINT ON 7H� NORTH LINE OF LOT EIGHT (8) BUCK
<br />SUBDIVISION; 1'H�NCE RUNNING �ASTERLY ALONG 7H� NORTH LINE OF SAID LOT EIGHT (8) A
<br />DIS7'ANCE OF THIRTY F�ET (30') TO tWE NORTHEAST CORNER OF SAID LOT EIGHT (8►; THENCE
<br />RUNNING NORTHERLY AND PARALLEL TO THE WEST LINE QF SAID SOUTHWES7' QUARTER (SW9/4) A
<br />DIS7ANCE OF �IGHT HUNDRED NINETY SEVEN AND SEVEN TENTHS FEE7 (897.7'1, THENCE RUNNING
<br />EASTERLY AND PARALL�L TO TM� SOUTH LINE OF TH� SOUTHW�ST QUARTER (SW1/4) A DISTANC�
<br />OF THIRTY FEET (30'), THENCE RUNNING SOUTHERLY AND PARALLEL TO 7W� WEST LINE OF SAID
<br />5W1/4 A DISTANCE �F �NE 7WOUSAND ONE HUNDREIb SIXTY ONE AND SEV�N TENTHS F�ET
<br />(1.961.7') TO A POINT ON THE SOUTH LINE OF SAID SV1�1/�4, 7HENCE RUNNING WESTERLY ALONG
<br />THE SOU7W LINE OF SAID SW1/4 A DISTANCE OF 30 FEET TO TH� POINT OF BEGINNING.
<br />The Real Praperty or i#s address is commanly known as 2504 NORTMWEST' AVE, GRAND ISLAND, NE
<br />68803. The Real Property tax identification number is 40p152622.
<br />CRpSS-COLIATERALITATION. fn addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor or any one 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, deiermined or undetermined, absoluie or contingent, liquidated or unliquidated, whether Trustor
<br />may 6e liabte individually or jointly with others, whether obligated as guarantpr, 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 obligatian to repay
<br />such amounts may be or hereafter may become otherwise unenforceable.
<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 limitatipn, this Deed of 7rust secures, in addition ta the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon,
<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 DF RENT5 AND TH� SECURITY IN7�REST IN THE RENTS AMD PERSDNAL
<br />PRQPERTY, 15 GIVEN TQ SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFQRMANCE OF ANY AND ALL OBLIGATIQNS
<br />UND�R THE NOTE, THE R�LATED DOCUMENTS, AND THIS DEED OF TRUST. THI5 DEEp OF TRUST IS GIVEN AND ACCEPTEp ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed bf Trust, Trustor shall pay to l.ender all amounts secured by
<br />this beed of Trust as they be�ome due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed of 7rust, and the Related bocuments.
<br />POSSE5510N AND MAINTENANC� OF THE PRpPERTY. 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 bf Default, Trusior may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Propertyr and (3) collect the Rents from the Property.
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