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<br />WHEN RECORDED MAIL TO: ,IZ�I'� �� v
<br />Platte Vailey State Bank & Trust Company
<br />PVSB Grand Island Branch
<br />$10 Ailen Dr
<br />Grand island NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED Q� TRUST is dated November 14, 2011, among Roebuck Enterprises, !!C; a
<br />Nebraska Limited Liability Company ("Trustor"); Platte Valley State Bank & Trust Company,
<br />whose address is PVSB Grand Island Branch, 810 Allen Dr, Grand Island, NE 68803 (referred
<br />to below sometimes as "Lender" and sometimes as "Beneficiary"1; and Platte Valley State Bank
<br />& Trust Company, whose address is 810 Allen Dr, Grand Island, NE 68801 (referred to be(ow
<br />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 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 with
<br />ditch or irrigation rightsl; 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 located in Hall County
<br />State of Nebraska:
<br />The Westerly Twenty Eight (2$1 feet of Lot Three (3) and the Easterly Twenty and Seventy
<br />Seven One Hundredths (20.771 feet of the Northerly Eighty Two and Sixty Seven One
<br />Hundredths (82.67) feet of Lot Four (4), in Block Seventy Six (76), Original 7own, now City
<br />of Grand Island, Hall County, Nebraska
<br />The Real Property or its address is commonly known as 307 E 2nd, Grand Island, NE 68801.
<br />The Real Property tax identificatian number is 400006502.
<br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving
<br />line of credit, which obligates Lender to make advances to Borrower so long as Borrower complies with all the terms of
<br />the Note.
<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 tp all present and future Ieases 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 />TNIS 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) PERFORMAt110E OF
<br />ANY AND ALL OBUGATIONS UNDER THE NOTE, TME REZATED DOCUMENTS, AND TH1S DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at "
<br />Borrower's request and not at the request of Lender; (b) Trustor has the full power, right, and authority 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 a violation of any
<br />Iaw, regulation, court decree or order applicable to Trustor, (d) Trustor has established adequate means of obtaining
<br />from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no
<br />representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAiVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deticiency"
<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 or 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 this Deed of Trust, Borrower shall pay to Lender all
<br />Indebtedness secured by this Deed of Trust as it becomes due, and Barrower and Trustor shall perform all their
<br />respective obligations under the Note, ±his Deed ef Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower'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 (1) remain in possession and
<br />control of the Property; 12) 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 iis value.
<br />Compliance With Environmental Laws. 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 />(21 Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and
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