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<br />WHEN RECORDED MAIL TO:
<br />Platte Valley State Bank � Trust Company
<br />PVSB Grand Island Branch
<br />810 Allen Dr •
<br />Grand Island. NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated May 25, 2011, among Michael R. Manthey, whose address is 1004 N Sherman
<br />Ave., Grand Island, NE 68803 and Judith A. Manthey, whose address is 1004 N Sherman Ave., Grand Island,
<br />NE 68803; as Husband and Wife ("Trustor"); Platte Valley State Bank � Trust Company, whose address is
<br />PVSB Grand Island Branch, 810 Allen Dr, Grand Island, NE 68803 (referred to below sometimes as "Lender"
<br />and sometimes as "Beneficiary"); and Platte Valley State Bank � Trust Company, whose address is 2223 2nd
<br />Ave, Kearney, NE 68848 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Lend�r as Beneflciary, all of Trustor's right, tiUe, and interest in and to the following 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 irrigatlon rights); and all other rights, �o alUes, and profi�s relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (th@ I�eal Property ) located in Hall
<br />County, State of Nebraska:
<br />The East Half (EI/2) of the South Thirly-Efght Feet (S38') of Lot Two (2) and the East Haif (EU2) of Lot One (1) all in Block Fourteen
<br />(74), West Park Addition to the City of Grand Island, Hall County, Nebraska.
<br />The Real Properly or its address is commonly known as 1004 N Sherman Ave., Grand Island, NE 68803. The
<br />Real Properly tax identification number is 400118602.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trt�st secures all future advances made by Lender to Bor�ower whether or not
<br />the advances are made pursuant to a commitrnent Specificatly, without limitation, this Deed of Trust secures, in addition to the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan to Borrower, 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, tiUe, and interest In and to all
<br />present and future leases of the Property and all Rents ftom the Property. In addiUon, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDIMG 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at Borrowers request and
<br />not at the request of Lender, (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; (c) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor, (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrowers financial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower (inctuding without limitation the credltworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anU-deficiency" law, or any other
<br />law which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicfally or by
<br />exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as othervvise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their respective obligations under the Note,
<br />this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of
<br />the Property shall be govemed by the following provisions:
<br />Possession and lls�. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate o� manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintaln. Trustor shall maintain the Property in good condition and promptly perForm all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<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, treatrnent, 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 violatlon of any
<br />Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or from the Properly by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
<br />acknowledged by Lender in writing, (a) neither 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 D�d of Trust. Any inspections or tests made 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 />warranYies contained herein are based on Tnastors due diligence in investigating the Property for Hazardous Substances. Trustor
<br />hereby (1) releases and waives any future clalms against Lender for indemnity or contribution in the event Trustor becomes liable for
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