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<br />d!IlHEIV RECOFiDED MAfL TO: �
<br />Euchange Bank
<br />P.O. Box 760
<br />#14 LaBarre
<br />Gibbon NE 68840 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 2, 2011, among LONNIE D DAVIS and ANNET°TE L
<br />DAVIS, Husband and Wife as Joint Tenants ("Trustor"); Exchange Bank, whose address is
<br />P.O. Box 760, #14 LaBarre, Gibbon, NE 68840 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and Exchange Bank, whose address is P.O. Box 760, Gibbon,
<br />NE 68840 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideratlon, Trustor conveys to Trustee In trust, WITH POWER OF SALE,
<br />for the benefit of Lender as Beneflclary, all of Trustor's right, title, and interest in and to the following described real
<br />property, together with all existing or subsequently erected or affiued buildings, improvements and fuctures; all easements,
<br />rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation
<br />rights); and all other rights, royalUes, and profits relating to the real pro includin w'rthout limitation all minerals, oil, gas,
<br />geothermal and simifar matters, (the "Real Property") located in HALL County, State of Nebraska:
<br />LOT SEVEN (7), BLOCK FOURTEEN (14), BAKER'S ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />The Real Praperty or its address is commanly known as 1918 W 1 ST , GRAND ISLAND, NE
<br />6��0�. The R�a�l Pr�periy ta3e 6ci���ifBcatBon a�a��Qser i� 400014033.
<br />CROSS-COLLATERALIZATION. In add(tion to the No4e, this Deed of Trust secures all Obligations, debts and liabilities, plus
<br />interest thereon, of Trustor to Lender, or any one or more of them, ass well as ell claims by Lender against Trustor or any one
<br />or more of them, whether now exisUng or hereafter arising, whether related or unrelated to the purpose of the Note, whether
<br />voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent,
<br />Iiquidated or unliquidated, whether Trustor may be liable individually or joinUy with others, whether obligated as guarantor,
<br />surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become
<br />barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become
<br />otherwise unenforceable.
<br />FUTURE ADVANCES. In additlon to the Note, this Deed of Trust secures all future advances made by Lender to Trustor
<br />whether or not the advances are made pursuant to a commitrnent. Specifically, without limitation, this Deed of Trust secures,
<br />in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with
<br />all interest thereon.
<br />Trustor presenUy assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in
<br />and to all present and future leases of the Property and all Rents from the Properly. In addition, Trustor grants to Lender a
<br />Un'rform Commercial 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
<br />AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B)
<br />PERFORMANCE OF ANY AND ALL OBUGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED
<br />OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br />amounts secured by this Deed of Trust as they become due, and shall stricUy and in a timely manner perform all of Trustor's
<br />obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPER7Y. Trustor agrees that Tnrstor's possession and use of the Properly
<br />shall be govemed by the following provisions:
<br />Possesston and Use. Until the occurrence of an Event of Default, Trusior may (1) remain in possession and control of
<br />the Property; (2) use, operate or manage the Property; and (3) coilect the Rents from the Property.
<br />Duty to Malntain. Trustor shall maintain the Property in tenantable condition and prompUy perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br />Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatrnent, disposal,
<br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; (2)
<br />Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and
<br />acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use, generaUon,
<br />manufacture, storage, treatrnent, disposal, release or threatened release of any Hazardous Substance on, under, about
<br />or from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigatlon or
<br />claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and acknowledged
<br />by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property shall
<br />use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the
<br />Property; and (b) any such actnrity shall be conducted in compliance with all applicable federal, state, and local laws,
<br />regulations and ordinances, including without limitation all Environmental Laws. Trustor suthorizes Lender and its agents
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