|
rn
<br /> m � � �
<br /> rnm � y rn
<br /> o �� � � �rn � rn
<br /> i �o rn �1 �C � �
<br /> o �z � rn Z� � �
<br /> � �� � m �z � �
<br /> z� � � � —
<br /> � G�� � � �� p z
<br /> �� rn � �� � �
<br /> rn� � � =c�r� � �
<br /> �o � � � �
<br /> �� � r�
<br /> a�o � .�.� Z
<br /> o� � � �
<br /> � Z
<br /> �
<br /> 1NHEN REC�RDED M�l1L T�:
<br /> Exchange Bank
<br /> G1-Allen Drive Branch
<br /> '12�4 A1�en Dr
<br /> PD gvx 5793
<br /> Grand[siand,NE 68$02 FDR REG�F�DER`5 USE ONLY
<br /> L]��B �F TR[.3ST .
<br /> �HlS DEED �F TRUST ss d�ted February 9. 2D17, among i�AR1"�III �lUII��EN and NAI3�11IE
<br /> JUNGEN, Husband and Wife; �T'Trustor�`}; Exchange Bankr WhaSL address �s CI - AIIen Dr�ve
<br /> Branch, '1204 Allen Dr, P� Box 5793, Grand isIand, NE 688a� �referred ta belvw samet�mes
<br /> as "Lendertt and s�metim�s as "Benef�ciary"}; and Exchange Bank, whose address is P� Box
<br /> 3�7, Kearney, NE �8848 �referred to helow as �`Trus�ee"}.
<br /> C�NVEYANCE AND GRANT. Far va�uable consideration, Trustor canveys to Trustee in trustf WiTH P�WER ❑F SALE,
<br /> for the benefit a# Lender as Beneficiary, aII o�T�'usto�-'s r'igh�, t1tle{ and interest in and to the folIawing desc�ibed real
<br /> proper�y, tagether with aIi existing ar subsequenlc�y erected o� af�ixed bui�dings, impr'ovem�nts and fix�ures; all
<br /> easemen�s, rights ❑f way, and appurtenancesr aII wa�er�, wa�er righfs and dit�h righ�s �inG[uding st�ck in u�i�ities with
<br /> ditch or irrigat�on rights); and a!! other �igh�s. royaltses. and profi�s relating tv the �ea� praperty, incjuding without
<br /> limitation all minerals, oil� gas. geathermaI and simi�ar matters, �the "Real P�`vperty'r� Ivcated in HALL
<br /> County, 5tate of �e�t�aska: -�
<br /> Lat �, Amick A�res Th�rd Subc��vision, Ha�j Cvun�y, Nebraska
<br /> The ReaI Property ar it� address is �ommvn�y known as �'[� LEISUF�E LAKE RD, D�NIPHA�,
<br /> NE 68832. The Real Property tax identif�Gatian numher is 4��2�4't 8�.
<br /> REVOLV�NG L1NE DF CREDIT. This Deed of Trus�securas the lndebtedness including, withoufi Iimitation, a revai�ing
<br /> Iine of credit,which obrigafies Lsnder to make advan�es�o Trustar so �on�as Trustar GompIies with aI1�fhe terms of the
<br /> Credit Agreemant. Such ad�an�es may be made, repajd. and remade from time to time, subject tv the lim�tation �hat
<br /> �he total outstanding baIance ❑wing at any one time, nof including finance �harges �n such balanca at a fixed ar
<br /> �arsable rate or sum as pro�ided in the Credit Agreemeni�. any tempvrary o�erages, ofher �harges, and any amounts
<br /> expended or ad�anced as pro�ided in aithe�r the Indebtedness paragraph ar�his pa�agraph, shal� not exceed the Gredit
<br /> Limit as provided'sn the Credrt Agreem�n�. �t ss the intgntion af Tr�stvr and Lender that this t7Bed of Trust secur'es the
<br /> balan�e outstanding under the Gredit Agreement from time ta time from zero up to tha Credit Limit as pro�idad in the
<br /> Credit Agreement and any intermediate ba�ance.
<br /> Trustor presenfily assigns ta Lender {also known as Beneficiary in �his Deed o�Trust} al! ❑f Trustor's righ�, tx�ler and
<br /> interest fn and to aff present and future jeases of the Prope�ty and all ��nts f�am �he Propetty. �n additian, Trustor
<br /> grants to Lender a Uniform Comrt�ercia� Code security in�er-es�in�hg Personai Property and Ren�s.
<br /> TH1S DFED DF TRUST, 1NCLUDING THE ASS1GNjIl�ENT DF RENTS AND THE SECURlTY INTERFST 1N THF RENTS AND
<br /> PERSDNAL PROPERTY, 1S G1VEiV T� 5ECLIRF �A} PAYMFNT DF THE INDESTE�NESS AND �B} PERF�RMANCF �F
<br /> EACH �F TRllST�R'S AGREFMENTS AND �BLIGATIDNS UNDER THF CREDIT AGREEMENT, THE RELATED
<br /> D��UMENTSr AND THIS DEED �F TRUST. THIS I]EED ❑F TRUST lS GIVEN AND ACGEPTEQ �N THE F�LL�VIJ[NG
<br /> TERNiS:
<br /> PAYMENT AND PERF�RMAN�E. Ex�ept as otherwise pro�ided in this ❑ee� o�Trusfit Trustor shal! pay to Lender aII
<br /> amounts secur-ed by tnis Deed ot Trust as they become due, and shall st�i�tly and in a timeIy manner per�orm all of
<br /> Trus�or-'s obligations under the Credit Agresmen�,this Deed ot Trustr and the Re�ated Dacuments.
<br /> P�SSESSI�N AND MAINTENANCE UF THE PROPERTY. T�ustor �grees that Trusto�'s possession and use of the
<br /> Property sha�� be gorrerned by the�o[lowing p�avision�:
<br /> Possessian and Llse. Until the occurrence of an Event o� Defau��, Trustar may {1� �emain in possessivn and
<br /> �ontrol of the Property; �21 use,❑perate ar manage fihe Property; and {3} coiiect the Rents from�he Property,
<br /> Duty to [Vlaintain. Trustv� sha�l maintain the Pr�pe�y in good conditian and prompt�y perform al� repairs,
<br /> replacements, and main�enance necessary to preserve its�a1ue.
<br /> Compliance Wit� Environmen�aI Laws. Trustor �epresents and warrants to Lender that: �'�) Dursng �he periad of
<br /> Trus�kar's ownersh�p af the Pr�pet-ty,�h�re has been no use, gen�rationr man�facture* starage. trea�ment, disposal,
<br /> re�ease or threatened releas� of any Hazardvus Sub��ance by any person on, under, abvut or from �he Proper�y;
<br /> �2} Trustor has no knowiedge of, or reason to belie�e that`khere has been, except as pre�iously disclased to and
<br /> acknovvIedged by Lender in writing, {a� any breach ❑r �iaiatian of any En�irvnmental Laws, �h) any use�
<br /> generation. manufacture, stot-age, trea�ment, disposal, release or thr�atened release o� any Hazardous 5ubs�ance
<br /> ❑n� under, about ar �r-om the Properry by any prior ❑wne�s or accupants of�he Property, or �c} any actual or
<br /> thrsatened litigatson or c4aims v� any kind by any persvn rejating t❑ such matters; and �3� Excep� as prev�ously
<br /> discIased to and acknowledged by Lender in writingr �a) nei�her Trus�ar nor any ter�ant. contractor, agent❑r other
<br /> authorized user of the P�nperty sha�� use, generate, manu�a�tu�e,s�torer t�ea�, dispo�e af ar release any Hazardous
<br /> Su�stance on, under, about or from the Praperty; and �b} any such acti�ity sha�� be condu�ted in �ompIiance with
<br /> all applicable federal, statef and iocaI laws, regulations and ardinances, including wsthout Iimitatian aII
<br /> En�i�onmen�al Laws. Trustor authorizes Lender and i�s ag�nts to enter upvn the Property to make such
<br />
|