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<br />WHEN RECORDED MAIL TO:
<br />Platte Valley State Ba�k & Trust Company
<br />PVSB Grand Island Branch
<br />810 Allen Dr
<br />Grand Island NE 68803 FOR RECORDER'S USE ONLY
<br />�7��� � ��iZ���
<br />THIS DEED OF TRUST is dated February 7, 2011, among Terry T. Galloway, whose address is 114 Ponderosa
<br />Dr., Grand Island, NE 68803; a Single Person ("Trustor"); Platte Valley State Bank & Trust Company, whose
<br />address is PVSB Grand Island Branch, 810 Alfen Dr, Grand Island, NE 68803 lreferred to b�low sometimes as
<br />"Lender" and sometimes as "Beneficiary"?; and Platte Valley State Bank & Trust Company, whose address is
<br />2223 2nd Ave, Kearney, NE 68848 (referred to below as "Trustee"D.
<br />CONVEYANCE AND GRANT. For valueble cortsideration, 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 buiidings, improvements and fixtures; ell easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rights); end all other rights, roy alties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the ° R eal Property IOCat@d in Halt
<br />County, State of Nebraska:
<br />LOT 29A, BLOCK 1, PONDEROSA LAKE ESTATES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The Real Property or its address is commonly known as 114 Ponderosa Dr., Grand Island, NE 68803. The
<br />Real Property tax identification number is 400329786.
<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 limitation, this Deed of Trust secures, in addition to the amounts
<br />specified in the Note, ali future amounts Lender in its discretion may loen to Trustor, together with all interest thereon.
<br />Trustor presently assigns to Lender (also known as Beneficiary in thls Deed of Trust) all of Trustor's right, title, and interest in and to ell
<br />present and future leases of the Property and ail 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 QF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST 1N 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 G(VEIY AND ACCEPTED ON 7WE
<br />FOLLOWINO TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />ihis Desd of Trust as they become due, end 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 ot an Event of Default, Trustor may (1 � remain in possession and control of the Property;
<br />(2) use, operata or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly pertorm all repairs, replacements, and
<br />maintenance necessary to preserve its velue.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor'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) Trustor has no knowledge of, or reason to believe
<br />that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, manufacture, storege, treatment, disposal, release or threatened relaese of any
<br />Hazerdous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (c) eny ectual or
<br />threatened litigation or ciaims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
<br />acknowledged hy Lender in writing, (a) naither Trustor nor any tenant, contractor, agent or other authorized user of the Property
<br />shall use, generate, manufacture, store, 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 ot TrusT, Any inspections or tests mede 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 Trustor or to any other person. The representations and
<br />warranties contained herein are based on Trustor's due diiigence in investigating the Property for Hazardous Substances. Trustor
<br />hereby 11! releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes liable for
<br />cleanup or other costs under any such laws; end (2) agrees to indemnify, defend, and hold harmless Lender against any and all
<br />claims, losses, liabilities, damages, penalties, end expenses which Lender may directly or indirectly sustain or suffer resuiting from a
<br />breach of this section of the Deed of Trust or 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 known to Trustor. The provisions of this section of the Deed of Trust, including the obligation to indemnify and defend, shail
<br />survive the payment of the Indebtedness and the satisfaction and reconveyance of the tien of this Deed of Trust and shall not be
<br />affected by Lender's acquisition of any interest in the Property, whether by foreclosure or otherwise.
<br />Nuisance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffar any stripping ot or waste on
<br />or to the Property or any portion of the Property. Without limlting the generelity of the foregoing, Trustor wili not remove, or grant to
<br />any other party the right to remove, any timber, minerals (including oil and gas1, coal, clay, scoria, soil, gravel or rock products
<br />without Lender's prior written consent.
<br />Removal of Improvaments. Trustor shall not demolish or remove any Improvements from the Real Property without Lender's prior
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