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<br />WHEN RECORDED MAIL TO:
<br />Exchange Bank �
<br />P.O. Box 760 '
<br />#14 LaBarre p �� � ��
<br />Gibbon, NE 68840 FOR RECORDER'S USE ONLY �Lj
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated September 30, 2011, among T& S Properties, LLC, A Nebraska
<br />Limited Liability Company, whose address is 4162 Faidley Ave, Grand Island. NE 68803
<br />("Trustor"); Exchange Bank, whose address is P.O. Box 760, #14 LaBarre. Gibbon, IVE 68840
<br />(referred to below sometimes as "Lender" and sometimes as "Beneflciary"); and Exchange
<br />Bank, 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 Vust, WITH POWER OF SALE,
<br />for the benefit of Lender as 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 fiutures; 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 withbut
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the ° Real PI'Opet'iy IOCated In Hall COUItty,
<br />State of Nebraska:
<br />The North Fifty-four (54) feet of Lot Two (2), Block Fourteen (14), Packer & Barr°s Addition
<br />to the City of Grand Island, Hall County, Nebraska
<br />The Real Property or its address is commonly known as 310 N Boggs Ave.. Grand Island, NE
<br />68803.
<br />CROSS-COLLATERALIZATIORI. 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 hereafter 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 be 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 to 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 commitment. 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 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 fA) PAYMENT OF 7HE INDEBTEDNESS AND IB) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIOIdS UNDER THE NOTE, THE RELAT�D DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />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 LendeF all
<br />amounts secured by this Deed of Trust as they become due, and shall strictiy and in a timely manner perform ell of
<br />Trustor°s obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor egrees that Trustor°s possession and use of the
<br />Property shali be govemed by the following provisions: `
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />controi 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 tenantable condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: 17) During the period of
<br />Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal,
<br />release oe threatened release of any Hazardous Substance by any person on, under, about or firom 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, release or threatened release of any Haiardous Substance
<br />on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threataned litigation or claims of any kind by any person relating to such matters; and (3) Except as previously
<br />disciosed to and ecknowledged by Lender in writing, (a) neither Trusto� nor any tenant, contractor, agent or other
<br />authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous
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