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<br /> 1NHEN REC�RD�D NfAIL T�:
<br /> Ex�hange Bank
<br /> �I-Allen Dri�e Branch
<br /> '���4 Allen Dr
<br /> PD Box 57�3
<br /> �,Grand island, NE C88D� F�R REC�RDER`S USE�NLY
<br /> -- , ., _ ,., . ._,_ ��. _�����.�_,�_,_,., ._�. �. - ���,��,.�.,._., - ...�„ _
<br /> DEED aF TRUST
<br /> THIS DEED 4F T�UST is dated Novemher "I 2. ��'!5, am�ng �U�S �LDRES and RA�HEL ANN
<br /> PURDY, AS J��NT TENANTS �lIITH RIGHT �F �URVIVDRSHIP AND NDT AS T�NANTS �N
<br /> ��MM�N t"Trustor"�; Ex�hange Bank, wnas� address �s G� - Al��n �r�ve B�ranch, 7 2[�4 Allen
<br /> Dr, P� �vx �793, Grand �sland, NE ��8�2 treferred tv belvw sometimes as "L�nder" and
<br /> sometimes as "Beneficiary"�; an� Exchange Ban�C, whase address �s RD Bc�x 397. ICearney, NE
<br /> 6�848 t�efer�ed ta below as �'Trustee"}.
<br /> ��NVEYANCE AN❑ GRANT. For�aivable �onsideration, Tru�tar con�eys to Trustee in trust, VIIITH Pa1NER �F SALE,
<br /> far the bene�i� vf Lender as g�nefi�iary, aff ❑� Trustor's right, title, and interest in and to the following described real
<br /> property, together v+�tth all existing ar 5u�5�quentl�l �re��ed or a�F�Fixed buildings, impro�ements and fix�ures; all
<br /> easements, rights �f �rvay, and appurtenan�es; a!� water, water rights and ditch ri�hts �including s�ock in ut�lities wi�h
<br /> dit�h or irr�ga�tian rights�; and all ather rights, royalties, and profits rela�ing �o the reai property, including wi�hout
<br /> limitatian a�1 min�ra�s, ail, gas, geQthermal and similar matt�rs, �the 'rRea� Property+�j �vcated ir1 HALL
<br /> County, Stat� of Nebraska:
<br /> L�T T1N[] ���, BLD�� 51lC t��, B�NNIE BRAE ADDITI�3N T� THE �ITY DF GRAND ISLANa,
<br /> HALL ��UNTY, NEBRASKA.
<br /> The Rea� Property vr �ts address is commanly known as 'i 3Q9 1N 5TH 5T, �RANC� ISLAND, NE
<br /> �$��'I. The Real Prnpe�ty tax ident�fication numbe� is ����2�Z��.
<br /> REVDLVIN� L�IVE �F �RFDIT. This Deed of T�ust s�cures the lndebt�dness including, withou# iimitativn, a re�olving
<br /> line of credit. whi�h obligates Lender ta make ad►►ances to Trustor so long as Trustor complies with all the terms of the
<br /> Gredit Agreement. 5uch advances may be made, repa�d, and remade from time to time, sub�ect ta fihe fim�fiation that
<br /> �he �a�tal outstanding balan�e owing at any one time, nat including finance charges an such balan�e at a #ixed or
<br /> Wa�iable ratg or sum as pro�ided �n the Credit Agreement, any temparary �verages, vther charges, and any amvunts
<br /> expended or ad�anced as provided in either the lndeb#�dness paragraph or �his paragraph, shall nvt ex�eed the �red�t
<br /> Limit as prv�ided�n the C redit Agreement. �t is�he intention a�Trustor and Lender�hat�his Deed of Trust s��ures the
<br /> balance ❑uts�anding under th� Cred�t Agre�ment�from time t❑time #rvm zero up�tv the Credit Limi#as pro��ded in the
<br /> Credit Ag�eement and any intermediate balance.
<br /> Trustvr pr�sently assigns to Lender �also knawn as Beneficiary in this Deed ❑f Trusty all of Trustvr's righfi, title, and
<br /> interest in and to a## pr�sent and fu�ure leases of the Praperty and all R�nts fram �he Property. In additian, �rus�ar
<br /> �rants t� Lender a Uniform �omme�c�al Code security inte�est in the Personai Property and Ren�s.
<br /> THIS QEED �F TRUST, INCLUa�NG THE ASSI�NMENT�F �ENTS AND THE SE�URITY �NTEREST IN THE RENTS AND
<br /> PERS�N�L PROPERTY. 1S GIVEN TO SEGLJRE �Ay PAYMENT QF THE lN�EgTEDNESS AND �B� PERFC3RMANCE�F
<br /> EACH DF TRUSTOR`5 AGREEMENTS AND �BLf�ATl�NS UNDER THE GREDIT AGREEMENT, THE RELATED
<br /> ❑�CUMENTS, AN❑ TH15 DEEQ ❑F TRUST. THiS DEED aF TRUST IS GIVEN AND AC�EPTED �N THE F�LLQWING
<br /> TERMS:
<br /> RAYMENT AND PERF�RMANCE. Except as otherw�se provided in this De�d of Trust, Trus�or shal� pay t❑ L�nder all
<br /> amounts secured by this Deed ❑� Trust as they become due, and shal� s�tri�tly and in a timely manner pe�fvrm all of
<br /> Trus�ar's ab�i�ations under the Credit Agreement, this Deed o�Trc�st, and�he Related Docu�n�nts.
<br /> P�SSES5I�N AND MAINTENANCE DF THE PROPERTY. Trustor agr�es that Trusto�'s possessian and us� o� the
<br /> Property s�ral� h�ga�erned by the following pro�isions:
<br /> Possessivn and Use. Unfiil the oc�urren�e of an E�ent vf Defau��, 7rustor may ��� remain in possessEon and
<br /> �ontra�❑�the Prop�rty; ��} use, ope�ate or manage�he Property; and �3} �o��e�t the Rents fram the F�raperty.
<br /> ❑uty ta lViaintain. Trustor shaff maintain the Property in good canditivn and pr�mp�ly per#v�m all repairs,
<br /> rep�acements, and maintenan�e neeessary to preser�e i�s�alue.
<br /> Compliance With Environmenta� Laws. Trustvr represents ancf ►nrarrants to Lend�r�hat: {1� ❑uring the period of
<br /> Trust�r's v►rvnership�t th� Prvperty, there has been no use, generation, rr�anu�acture, storage, trea�tm�nt, dispvsaf,
<br /> �elease ❑r th�eatened release vf any Hazardaus Su�stance by any persan on, under, about �r firvm the Property;
<br /> {�� Trustor has n❑ knowl�dge ❑#, or r�ason tv helie�� that th�re has been, exc�p� as pre�iously discl�sed t❑ and
<br /> acknow�edged by Lender in writing, ta} any breach or �ialation of any EnWirvnmenta[ Laws, �h� any use,
<br /> generation, manu�a�ture, starage, treatment, disposal, refeas� or threatened release vfi any Ha�ard�us Substance
<br /> on, under, about �r from the Propa�ty by any p�ior ovvne�s or nc�upants af the Prvperty, o� �c� any actual vr
<br /> threatened iitigatian or claims af any kind by any person rela�ing to su�h matters; and t3y Ex�ept as pre�iously
<br /> d�sclosed�❑and acknow�edged by Lender in writing, �af neither Trustor nor any tenant, cantra�tor, agent or other
<br /> authorized user of the Property shaff use, generate, manufacture, s�vre, �reat, dispose of ar release any Hazardaus
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