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<br />WHEN RECORDED MAIL TO:
<br />Exchange Bank �� �
<br />P.O. Box 760 o b
<br />#14 LaBarre � 1
<br />Gibbon. NE 68840 FOR RECORDER'S USE ONLY �
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 11, 2011, among Edwards Building Corp., A Nebraska
<br />Corporation, whose address is 1710 South Locust, Grand Island, NE 68801 ("Trustor");
<br />Exchange Bank, whose address is P.O. Box 760, #14 LaBarre, Gibbon, NE 68840 (referred to
<br />below sometimes as "Lender" and sometimes as "Beneficiary"); and Exchange Bank-Gibbon,
<br />whose address is P.O. Box 760, Gibbon, NE 68840 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the benefit of Lender as Beneficiary, all ot Trustor's right, title, and interest in and to the following described real
<br />property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without
<br />limitation all minerels, oil, gas, geothermal and similar matters, (the ° Re81 PrOp@1'ty IoCated in Hell COUnty,
<br />State of Nebraska:
<br />The West Twenty Two (22) Feet of the South Sixty Six (66) Feet of Lot Six (6), Block Fifty
<br />Four (54), Original Town, now City of Grand Island, Hall County, Nebraska AND The East
<br />Twenty Eight (28) Feet of the South Sixty Six (66) Feet and a strip of Ground 6 feet in
<br />Width by 38 feet in Length off the northerly end of the West 38 Feet of.the South 66 feet,
<br />in Lot Five (5), in Block Fifty Four i54), of the Original Town, now City of Grand Island, Hail
<br />County, Nebraska
<br />The Real Property or its address is commonly known as 106 E 3rd St. , Grand Island, NE
<br />68801.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor
<br />or any one or more of them, whether now existing or hereaftar arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Trustor may ba liable individually or jointly with others,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation �o repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition 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 eommitment. Specifically, without limitetion, this Deed of Trust
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretlon may loan to
<br />Trustor, together with all interest thereon.
<br />Trustor presently assigns to Lender ialso known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and
<br />interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br />grants to Lender a Uniform 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 AND
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE 1A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THI3
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THf FOCLOWWC3 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 strictly and in a timely manner perform all of
<br />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br />Property shall be governed by the following provisions:
<br />Possession and Use. Untll the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Meintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Lews. 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, treatment, disposal,
<br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property;
<br />(2) 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, (6) any use,
<br />
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