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<br /> 1NHEN REC�RDED MAIL T�:
<br /> Exchange Bank
<br /> Gi-Allen Dri�e Bran�h
<br /> '�Z�4 Allen Dr
<br /> PO Box 5793
<br /> Grand island, NE fi8802 F�R RECaR�ER'S U5E�NLY
<br /> � .. ., � ..�, �, .�..�....�..^,.�..,�, , , .__.
<br /> DEED �F TI�UST
<br /> THIS DEED �F TRUST is deted �ctvber 2�, ��7 a. among SEAN M HANSEN and JANET A
<br /> HANSEN. Husband and Wife t"Trustor"y; Exchange Bank, whose address is G1 - Aiien Dri�e
<br /> Branch, 7 2�4 Allen Dr. P� Box 5793. Grand Island, NE S88D2 �referred to below samet�mes
<br /> as "Lender" and sometimes as "Beneficiary"�; and Exchange Bank , whose address �s P� Bax
<br /> 5793. Grand Island, NE �88�� �referred to below as "Trustee"�.
<br /> CDNVEYANCE AND GRANT. For��luable consideration, Trustor�on�eys to Trustee in trust. WITH P�WER �F SALE.
<br /> far#he benefi# o# Lender as Benaficiary, ati �f Trustor's right, title, and interest in and to the fo�lawing described rea#
<br /> prvperty, together with all existing or subsequentfy erected or affix�d buildings, impro�ements and �ixtufes; afl
<br /> easements, rights af way, and appurtenan�es; all water, water rights and di#ch rights �including stvck in utilities with
<br /> ditch or irrigation rights�; and al! other rights, royalties, and proffts relating tv the real property, including without
<br /> limitation all m�ne�als, o��, gas, geothermal and similar matters, tthe "Real Property"� IoCated in HALL
<br /> �ounty, State vf Nebraska:
<br /> Lot Nine �9f in 81ock Eight t8y in Bonnie Brae Additivn to the City af Grand Isiend. Hall
<br /> County. Nel�raska
<br /> The Real Property or its address is cammonly known as 7��8 W 4th STREET. GRAND
<br /> 15LAND, NE �88�'1.
<br /> CROSS-C�LLATERALlZATION. �n addition to the Note, thts Deed o#Trust secures all obligations, debts and liabilities,
<br /> plus interest #her�on. vf either Trustor ar Borrower to Lender. or any ane ar more vf them, as well as ail claims by
<br /> Lender against gorrower and Trustar or any ❑ne or more of them, whether now existing or hereafter arisiny, whether
<br /> related vr unrelated to the purpvse of the Note. whether voluntary or atherwise. whether due or nvt due. direct or
<br /> indirect. dstsrmined or undetermined, ahsolute or con#ingent. liquida#ed vr unliquidated, whether Borrower or Trustor
<br /> may be liable indi�idually ❑r jointly with vthers, whether obligated as guarantor, surety, a�commodation party or
<br /> otherwise, and whether recv�ery upan su�h amounts may be vr hereafter may be�ome barred by any statute of
<br /> limitations, and whether the ahligativn t� repay such amounts may be or hereafter may become atherwise
<br /> unenforceahle.
<br /> FUTURE ADVANCES. In additian to #he Note, this Deed of Trust secures all #uture ad�ances made by Lender to
<br /> Borrower or Trustvr whether vr not the ad�ances are made pursuant#o a cvmmitment. 5pecifically, withou� limitation,
<br /> this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion
<br /> may loan to Sorrower or Trustor. together with aff interest thereon.
<br /> Trustor presently assigns to Lender �also known as Beneficiary in this aeed af Trustf all of Trustor's right. t`rtle� and
<br /> interest in and to afl present and future leases of the Property and all Rents from the Property. In addition, Trustar
<br /> grants to Lender a LJniform C�mmercial Code security interest in the Personal Prvperty and Rents.
<br /> THIS DEED�F TRUST, iNCLUDING THE ASSIGNMENT�F RENTS AND THE SECURITY#NTEREST IN THE RENTS AND
<br /> PERSDNAL PR�PERTY, IS GIVEN TQ SECURE �A) PAYMENT �F THE IN�EBTEaNESS AND �B) PERFDRMANCE aF
<br /> ANY AND ALL �BL�GATIDNS UNDER THE N�TE, THE RELATED DOCUMENTS, AND THIS DEED DF TRUST. THIS
<br /> !]EED�F TRUST 1S GIVEN AND AC�EPTED DN THE F�LL�WIN�TERMS:
<br /> TRUSTflR'S REPRESENTATIDNS AND VIIA#�RANTlES. Trustvr warrants that: {�� thi5 ❑eed �f Trust is executed at
<br /> Borrawer's request and n�t at the request ❑f Lender; �bf Trustar has the fufi pawer, right. and authority to enter into
<br /> this Deed of Trust and to hypothecate the Property; {c� the pro�isions of this Deed of Trus# do nvt cvnflict with, or
<br /> resu�t in a default und�r any agreement or other instrument hinding upvn Trustor and do not result in a �ialatian of any
<br /> law, regulation, court decree or order appli�able to Trustor; {d� Trustvr has established adequate means of obtaining
<br /> frvm Barrawer on a cvn#inuing basis informatian about Borrowe�'s financial �ondition; and �ej Lender has made no
<br /> representation tv Trustor about Borrower�inc�uding without�imitation the creditworthiness vf Borrower).
<br /> TRUSTQR'S VIIAIVERS. Trustor wai�es all rights or def�nses arising by reason of any "one action" vr "an#i-deficiency"
<br /> law, or any other law whi�h may pre�ent Lender from bringing any action against Trus�or. including a claim for
<br /> deff�iency tv the extent Lsnder is otherwise entitled to a claim for deficien�y, before ar a#ter Lender's commencement
<br /> or completion of any foreclosure ac#ion� eithsr judicially or by ex�rcise of a power of sale,
<br /> PAYMENT AND PERFDRMANCE. Except as otherwise pro�ided in this Deed of Trust. Borrawer and Trustar shall pay#a
<br /> Lender all �ndebtedness secured by this ❑eed of Trust as it becomes due, and Borrower and Trustvr shall strictly
<br /> per�orm a��their resp�cti�e vb�igations under the Note, this Deed of Trust, and the Related ❑ocuments.
<br /> PDSSESSI�N AND MAINTENANCE �F THE PR�PERTY. B�rrower and Trustor agree #hat gorrower's and Trustor's
<br /> possession and use of the Praperty shall b�go�erned by the fvllvwing pra�isions:
<br /> Possession end Use. Until the occurrence of an E�ent of Defaul#. Trustor may �1 y remain �n possession and
<br /> ;
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