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<br />201100590
<br />WHEN RECORDED MAIL TO:
<br />HASTINGS STATE BANK
<br />MAIN BRANCH
<br />530 N BURLINGTON
<br />PO BOX 2178
<br />HASTINGS. NE 68902 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 51,300,000.00.
<br />THIS DEED OF TRUS7 is dated January 11, 2011, among MICHAEL R. RADER and MARJORIE A. RADER;
<br />Husband and Wife ("Trustor"1; HASTINGS STATE BANK, whose address is MAIN BRANCH, 530 N
<br />BURLINGTON, PO BOX 2178, HASTINGS, NE 68902 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and HASTINGS STATE BANK, whose address is 530 N. BURLINGTON,
<br />HASTINGS, NE 68901 (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, a(( of Trustor's right, title, and interest in and to the foliowing 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 rightsl; and all other rights, royalties, and profits relatin to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real P1'operty") IoCate in CLAY
<br />AND HALL COUNTY County, State of Nebraska:
<br />Parcel 1: The East Half of the Northwest O.uarter 1E1/2NW1/4) of Section Five (5), Township Seven (7)
<br />North, Range Eight (8), West of the 6th P.M., Clay County, NE
<br />Parcel 2: The East Half of the Southeast �.uarter (E1/2SE1/4) of Section Thirty-four (34), Township Ten
<br />(10) North, Range Nine (9), West of the 6th P.M., Hall County, NE
<br />Parcel 3: The Northeast auarter of the Northwest O.uarter (NE1/4NW1/4) of Section Twenty-five (25),
<br />Township Eight (8) North, Range Eight (81, West of the 6th P.M., Clay County, NE
<br />Parcel 4: The West Half of the West Half of the Southwest a.uarter (W 1/2W 1/2SW 1/4) of Section
<br />Thirty-two (321, Township Eight (8) North, Range Eight (8), West of the 6th P.M., Clay County, NE,
<br />EXCEPT A tract of land more particularly described as follows: Beginning at the Southwest Corner of said
<br />Southwest O,uarter; thence running North on the West line of said Southwest auarter on an assumed
<br />bearing of N00°00'00"E for 624.00 feet; thence running N90°00'00"E for 230.00 feet; thence running
<br />S00°00'00"W parallel with the West line of said Southwest O.uarter to a point on the South line of said
<br />Southwest auarter; thence running Westerly on the South line of said Southwest auarter a distance of
<br />230.00 feet to the point of beginning. And EXCEPT A tract of land more particularly described as
<br />follows: Beginning at a point 358 South of the West auarter corner, also described as the Northwest
<br />corner of the Southwest O.uarter; thence East at a right angle 295.3 feet to a point, thence South 295 feet
<br />to a point, thence West 295.3 feet to a point, thence North 295 feet to the Point of Beginning.
<br />CROSS-COLLATERALIZATION. In 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, determined or undetermined, absolute or contingent, liquidated or uniiquidated, whether Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, 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 obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceaWe.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) ail 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 ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND 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, a�d shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this
<br />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 (T) remain in possession and control of the Property;
<br />12) 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 preserve its value.
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