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<br />WHEN RECORDED MAIL T0: �'
<br />Exchange Bank
<br />P.O. Bax 760
<br />#14 LaBarre
<br />____Gibbon. NE 68840 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST Is dated March 3, 2011, among TRACY L BREWER, A Single Person ("Trustor");
<br />Exchange Bank, whose address is P.O. Box 760, #14 LaBarre, Gibbon, NE 68840 (referred to below
<br />sometlmes as "Lender" and sometimes as "Beneficlary"); and Exchange Bank, whose address is P.O. Box
<br />760, Glbbon, NE 69840.(referred to below as "Trustee"}.
<br />CONVEYANCE AND CiRANT. For valuabla consldxation, Trustor conveys to Trustee m trust WITH POWER OF SALE, for tho benefR of
<br />Lender as Beneficiary, all of TrustoPS right title, end Irrterest in and to the tollowing d�crlbed �eal property, together with all ex�stlng or
<br />subsequently erected or affixed buildings, improvemenls and fixtures; ail easemeMa, nghffi ot way, and eppurtenances; all water, weter rights end
<br />ditch nghts (including stock m utilides with ditch or irngatlon riqhts); end efl other rights, royaltfes, and profits relating � the realp�operly mcluding
<br />without �lmiffition all mmerals, WI, gas, geothermal and similar matters, (the "RP.aI PI'opel't�/"? IoCatCd ln HALL Gounty� StBte Of
<br />Nebraska:
<br />LOT SEVEN (7), IN BLOCK TEN (10), IN JOEHNCK'S ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY,NEBRASKA
<br />The Real Property or its address is commonly known as 664 E BISCHELD, GRAND ISLAND, NE 68801.
<br />The Real Property tax identlfication number is 400050129:
<br />CROSS-COLLATERALIZATION. In addftion to the Note, this Deed of Trust secures all obllgatlons, debts and Ilabilitles, plus irrterest thereon, ot
<br />Truawr to Lender, or any one or more of tliem, ae wefl as all cla�ms by Lender against Trustor or anv one or more of them, whether now existing
<br />or hereafter ansing, whether related a unrelated to the purpose of the Note, whether vduntary or othenvise, whether due or not due, direct a
<br />indirect, determined or undetermuied, absdute or condngerrt, Iiquldated or unliquideted, whether Trustor mav be Iiable �ndNidually or rointN witli
<br />others, whether obligated as guerantor, aurety, accommodation party or otherwise, and whether recoveN upon such artaunts may be or hereafter
<br />maY becane darred bv any statute of limitations, and whether ihe obligation to repaY such amounts may be or hereefter mey becane otherw�ae
<br />unentorceabte.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all fu[ure advances made bv Lender to Trustor whether or not fhe
<br />advances are made pursuant to a commihnent. Specitically, wittiout Ilmltadon, this Deed of Trust secures, in additlon ro ihe amounts specified In
<br />the Note, all firture amouMs Lender In its discretion may loan b Trustor, together wHh all interest theraon.
<br />Trustor presentlV assigns to Lender (elso known as Beneflciarv in this Deed of Trust) all of Tnutors rlght, Gtls, ard iMerest In and to all present
<br />and tuture leases ot the Property and all Rents from the PropertV. In addition, Tn�stw grants to Lender a UnHOrm Commerc�al Code securlry
<br />interest in the Personal Property and ReMS.
<br />THIS DEED OF TRUST, INCLUDINO THE ASSIGNMEPJT OF RENTS AND THE SECURITY INTEREST IN THE REN7S AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT O� THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRU3T. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFOAMANCE. Except as otherwise provkJed !n this Dsed of Trust, Trustor shall pay ta Lander all amouMS Secured bV this
<br />Deed o( Trust as thev become due, and shall striutly and in a tlmelV manner pertorm all of Trustor's obligations under the Note, this Deed of Trust,
<br />and the Releted Documents.
<br />POSSESSIQN AND MAIN7ENANCE OF THE PROPEHTY. TnisUOr agrees that Trustor's possesswn and use of the Property shall be govemed
<br />bv the tollowing p�ov�sions:
<br />Possess�on and Use. Until the xcurrence of an Event of Detault, Trustor may (1) remafn m possession and coMrol of the Property; (2)
<br />use, operate or menage the Property; and (3) cdlect the Rents from the Propertv.
<br />Duty to Maintain. Trustor shell meintain the Property in tenantable condition and prampdy perform all repatrs, raplacemeMS, and
<br />malntenence necessary to preserve its vatue. ..
<br />Compllance Wfth Envirommental laws. Trustor represents and warrents to Lender that (1) Durmg the period ot Trustor's ownership ot
<br />the Property, there has been no use, generation, manutaoture, Btoraqe, treatrnent, disposal, relesse or threetened release ot env Hazardous
<br />Substance by anv persan on, under, about or trom the Properry; (21 Trustor has no knowledge ot, or reason to believe that there hes besn,
<br />except as prevwusly disdosed to end acknowledged by lsnder m writlng, �a) any breach or violatian ot any Ernironmental Laws, (b1 any
<br />use, 0eneration, manuracture, storege, treatrnent, disposal, release or threatened release ot anv Hazardous Substance on, under, aboul or
<br />irom the Property by anY prior owners or occupa�ts ot the Properry, or iC) arn+ ectuet or threatened IRlgation Or claims at arrv kind by any
<br />person relating to such mariers; and (3) Except as previously dlsclosed W and acknowledged by Lender in wriling, (e} neither Tnistor nor
<br />env tenant, contractor, agent or other authorized user of the PropertV shall use, generate, manutactur6, store, treat, dispose of or release anv
<br />Hazardous Substance on, under, abaut or trom the Property; and (b) eny such activiN shall be conciucted in complience with all applfcable
<br />tederal, stata, and local laws, regulatbns and ordinances, including witliout limitatiqn all Ernironmental Laws. Trustor authonzes Lender and
<br />its agents to enter upon the Property to make such �nspectbns and teats, at Trustor's axpense, as Lender may deem appropnate to
<br />determine compllance of the Property wlth this secGon ot the Desd of TrusL My mspectlons or tesffi made by Lender shall be tor Lenders
<br />purposes only and shall not be construed to create any responsibllity or liability on the pert of Lender ro Trusror or to eny other person. The
<br />representations and warranties contained herem are besed on Trustors due diligence m InvesUgating the Property tor Hazardous
<br />Substances, Trustor hereby (1) refeases and wsrves any nriure claims agemst Lender ror indemntty or conh(butlon in the event Trusior
<br />becames Ilable tor deanup or other costs under any such laws; arW (2) aprees to Indemnify, detend, and hold hartNess Lender agax�st any
<br />and all claims, losses, IiabilRies, damages, penakies, and expenses which Lender may directly or Indirectly sustain or suffer resuking irom e
<br />breach of this secuon of ihe Deed of Trust or as a consequence ot any use, generation, manutacture, storape, disposal, release or threatened
<br />release accurnng prior to Trustors ownership or u�terest in the Property, whether or not the sama was or should have been known to Trustor.
<br />The prowsions ot this section oT tha Deed of Trust, mGuding the obllgaYan to indemnity and detend, shall survive the payment ot the
<br />Indebtedness and the satistactlon and reconvevance of the lien of thls Deed of Trust and shall not be affected by Lender's acqulsidon ot any
<br />iMerest in the Property, whetfler by toreclosure or otherwise.
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