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<br />WHEN RECORDED MAIL T0:
<br />Platte Valley State Bank & Trust Company
<br />PVSB Grand Island Branch
<br />810 Allen Dr
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 26, 2011, among Herman T. Meyer an
<br />Meyer; as Husband and Wife ("Trustor"); Platte Valley State Bank & Trust Com
<br />address is PVSB Grand Island Branch, 810 Allen Dr, Grand Island, NE 68803 (refe
<br />sometimes as "Lender" and sometimes as "Beneficiary"); and Platte Valley State I
<br />Company, whose address is 810 Allen Dr, Grand Island, NE 68803 (referred
<br />"Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH Pi
<br />for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the followir
<br />property, together with all existing or subsequently erectad or affixed buildings, improvements ;
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stocl
<br />ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, ii
<br />limitation all minerals, oil, gas, geothermal and similar matters, (th@ ° Real Property IOCBted 1�
<br />State of Nebraska:
<br />The Easterly Ninety Two and Five Tenths (92.5) feet of Lot One (1) and the E�
<br />Two and Five Tenths (92.5) feet of Lot Three (3), except for the Southerly I
<br />feet thereof, in Block Four (4), in University Place, an Addition to the City of
<br />Hall County, Nebraska
<br />The Real Property or its address is commonly known as 2805 W Capital Ave.,
<br />NE 68801.
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<br />I JoAnne G.
<br />�any, whose
<br />red to below
<br />sank & Trust
<br />to below as
<br />WER OF SALE,
<br />� described real
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<br />Hall County,
<br />Ninety
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<br />Island,
<br />Island,
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor' right, title, and
<br />interest in and to ell present and future leases of the Property and all Rents from the Property. In ddition, Trustor
<br />grants to Lender a Uniform Commercial Code seaurity interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN HE RENTS AND
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PE FORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED 0 TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: la) this Deed of Tru t is executed at
<br />Borrower's request and not et the request of Lender; (b) Trustor has the full power, right, and auth rity to enter into
<br />this Deed of Trust and to hypothecate the Property; (c) the provisions of this Deed of Trust do not conflict with, or
<br />result in a default under any agreement or other instrument binding upon Trustor and do not result in violation of any
<br />law, regulation, court decree or order applicable to Trustor; (d) Trustor has established adequate m ans of obtaining
<br />from Borrower on a continuing basis information about Borrower's financial candition; and (e) Len er has made no
<br />representation to Trustor about Borrower (including without limitetion the creditworthiness of Borrower .
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one ection" or "anti-deficiency"
<br />law, or any other law which may prevent Lender f�om bringing any action against Trustor, inclu ing a claim for
<br />deficiency to the extent Lender is otherwisa entitled to a claim for deficiency, before or after Lender' commencement
<br />or completion of any foreclosure action, either judicially or by exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall ay to Lender all
<br />Indebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their
<br />respective obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrowe�`'s and Trustor's
<br />possession and use of the Property shall be governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (l) remain i possession and
<br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from tha Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly pe`form all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) Du ing the period of
<br />Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, tre tment, disposal,
<br />release orthreatened release of any Haaardous Substance by any person on, under, about orfr m 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, (b) any use,
<br />generation, manufacture, storage, treatment, disposal, releasa or threatened release of any Haz rdous Substance
<br />on, under, abaut or from the Property by any prior owners or occupants of the Property, or () any actual or
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