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<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 5160,240.50.
<br />THIS DEED OF TRUST is dated August 26, 2011, among VERONICA S DAILY, whose address
<br />is 2216 COTTONWOOD RD, GRAND ISLAND, NE 68801 and DARWIN L DAILY, whose
<br />address is 2216 COTTONWOOD RD, GRAND ISLAND, NE 68801; WIFE AND HUSBAND
<br />("Trustor"); FIVE POINTS BANK OF HASTINGS , whose address is MAIN BANK, 2815
<br />OSBORNE DRIYE WEST, HASTINGS, NE 68901 (referred to belowr sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and Five Points Bank of Hastings, whose address is 2815 Osborne
<br />Drive West, Hastings, NE 68901 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consid�ration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the beneflt of Lender es Beneficiary, 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 affixed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities wlth
<br />ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property IOCated in HALL
<br />County, State of Nebraska:
<br />LOT 17, BLOCK 4, IN THE REPLAT OF RIVERSIDE ACRES, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 2216 COTTONWOOD RD, GRAND
<br />ISLAND, NE 68801.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of 7rust secures all future advances made by Lender to
<br />Borrower whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed
<br />of Trust secures, +n addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan
<br />to Borrower, together with all interest thereon; however, in no event shalt such future advances (excluding interest)
<br />exceed in the aggregate S 160,000.00.
<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 aIl present and future leases of the Property and atl 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 GIVE{V TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THIS DEED OF TRUST. THIS DEED OF TRUST lS GIVEN AND ACCEPTED ON
<br />THE FOLLOWING TERMS:
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency"
<br />law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br />deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before ar after Lender's 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 Yhis Deed of Trust, Borrower shall pay to Lender ell
<br />Indebtedness seaured by this Deed af Trust as it becomes due, and Borrower and Trustor sha11 perform alf their
<br />respective obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and 7rustor agree that Borrower's and Trustor's
<br />possession and use of the Properry shall be governed by the following provisions:
<br />Possession end Use. Until the occurrence of en Event of Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, aperate or manage the Property; and (3! collect the Rents ftom the Property.
<br />Duty to Mairrtain. Trustor shall maintain the Property in good condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so
<br />long as this Deed of Trust remains a lien on the Property, used for the generation, manufacture, storage,
<br />treatment, disposal, release or threatened release of any Hazardous Substance in violation of any Environmental
<br />Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such inspections and tests as
<br />Lender may deem appropriate to determine compliance of the Property with this section of the Daed of Trust.
<br />Trustor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event
<br />7rustor becomes liable for cfeanup or other costs under any such laws, and f2) agrees to indemnify, defend, and
<br />hold harmless Lender against any and all claims and losses resulting from a breach of this paragraph of the Deed of
<br />Trust. This obligation to indemnify and defend shall survive the payment of the Indebtedness and the satisfaction
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<br />�WHEN RECORDED MAML TO: -- ��
<br />FIVE POINTS BANK OF HASTIIIIGS � S
<br />MA1N BAN1K
<br />2875 OSBORNE DRIVE WEST
<br />HASTINGS NE 68901 FOR RECORDER'S USE ONLY
<br />
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