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<br />VVHEN RECORDED MAIL TO:
<br />CITIZENS BANK & TRUST COMPANY �
<br />ST PAUL BRANCH ���
<br />721 7TH ST J
<br />PO BOX 385
<br />ST PAUL NE 68873 FQR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August '!5, 2011, among LARRY JIM PROWETT and JANET
<br />MARLETA PROWETP, HUSBAND AND WIFE; husband and wife ("Trustor"); CITIZENS BANK &
<br />TRUST COMPANY, whose address is.. ST PAUL BRANCH,. 721 7TH ST , PO BOX 385, ST
<br />PAUL, NE 68873 (referred to below sometimes es "Lender" and sometimes es "Beneficfary");
<br />and CITIZENS BANK & TRUST COMPANY, whose address is 721 7TH ST - PO BOX 385, ST
<br />PAUL, NE 68873 (referred to below es "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor convays to Trustea in trust, WITH POWER OF SALE,
<br />for the benefit of Lender aa Beneflctary, all of Trustor's right, title, and interest in and to the following described real
<br />property, together with ell existing or subsequently erected or affixed buildings, improvements and fiutures; ell
<br />easements, rights of wey, snd appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rights); end all other rights, royalties, and profits relating to the real pro�erty, including without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (th9 ° Real PI'Op�1'ty ) IOCeted in HALL
<br />County, State of Nebraska:
<br />LOT SIX (6), OF GILBERT'S SUBDIVISION OF BLOCK ONE (11 OF GILBERT'S SECOND
<br />�►DDITIOIV TO THE OF GRAND ISLAND, HALL COUNTY, NEBFiASKA.
<br />The Real Property or its address is commonly known as 1704 IV EDDY ST, GRAND ISLAND,
<br />NE 68801.
<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 commltment. Specifically, without limitation, this Deed of Trust
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to
<br />Trustor, 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, 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 e 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 (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS (31VEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as atherwise 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, end 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. Until 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 Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Lews. Trustor represents end 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) Trustar 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) eny breach or violation of any Environmental Laws, (b) eny use,
<br />generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance
<br />on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims of any ktnd by any person relating to such matters; and (3) Except as previously
<br />disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, egent or other
<br />authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous
<br />Substence on, under, ebout or from the Property; and (b) any such activity shall be conducted in compUance with
<br />all applicable federal, state, and local laws, regulations and ordinences, including without Iimitetion all
<br />Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such
<br />inspections and tests, at Trustor's expensa, as Lender may deem approprfate to determine compllance of the
<br />Property with this section of the Deed of Trust. Any tnspections or tests made by Lender shall be for Lender's
<br />purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Trustor or
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