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<br /> 99'1�8832 NEBRASKA 66aooio3aosi9000a
<br /> DEED OF TRUST 00358//CRHli s
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<br /> 6IiEIlPON, NE 688769650
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<br /> 452-48-1183
<br /> TRV$TEE: II.9. HANE NATI9N11L A990CIATIaN
<br /> tARGO, ND 58103
<br /> n consi ra o t e oan or ot er acco tion erema er spea an any ure a ances or ure gat ons,as ere n,w i
<br /> may hereinatter be advanced or incurred and the trust hereinafter merrtioned and oiher good and valuable consideration,the receipt and su(flaency of which
<br /> are hereby admowledged, Grantor hereby irrevocably warrants, bargains, sells, transfers, grarns, conveys and assigns to Tn�stee, his suxessors and
<br /> assigns,IN TRUST WITH POWER OF SALE for the beneftt and securiry of II.B. gANR NATIONAL A890CI11TSON ND
<br /> ("Lender"), the n�
<br /> ne aary un r t is o rust,un r and su �ect to t e terms an con ttions erein set ort ,w n o entry an possession I o rarrtor's present If•
<br /> and future estate,rigM,title and irrterest in and to the real property described in Schedule A which is attached to this Deed of Trust and incorporated herein �
<br /> by this reference,together with all present and future improvements and flxtures;all tangible personal property Induding without Iimitation all machinery, �
<br /> equipmerrt, building materials, and goods of every nature (exduding consumer goods) now or hereafter located on or used in connectfon with the real �
<br /> property,whether or not affixed to the land; privileges, hereditaments, and appurtenances induding all developmerrt rigMs assodated with the Property,
<br /> whether prevlously or subsequernfy transfeRed to the Property from other real property or now or hereafter susceptible of transfer from this Property to other
<br /> real property;leases,licenses and other agreemerrts;rents,issues and profits;water,well,ditch,reservoir and Mnerai rigMs and stodcs pertaining to the real
<br /> property(cumulaUvely"Property"):to have and to hold the Property and the rights hereby granted for the use and benefit of Lender,his successors and
<br /> assigns,urrtil paymeM in full of all Obligations secured hereby.
<br /> Moreover,in(urther consideration.Grarrtor does,for Grantor and Grantor's heirs,representatives and assigns,hereby expressly warrarrt,covenaM,and
<br /> agree with Lender and Trustee and their successors and assigns as follows:
<br /> 1. OBUGATIONS. This Deed of Trust shall secure the paymerrt and perfomrance of all presern and tuture indebtedness, Ifabilities, obligations and
<br /> covenants of Borrower or Grantor(cumulatNely"Obligations")to Lender pursuarrt ta
<br /> (a)this Deed of Trust and the following promissory notes and other agreemerrts:
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<br /> 49,000.00 07/16/99 07/16/19 66200103805190002
<br /> (b)all other prese or ure,wrrtten agreemerrts w n r t at re er spea y to t is o rus s x execu r s sams or diHeront
<br /> purpoaes than the foregoing);
<br /> (c) any guaranty of obligations of other parties given to Lender now or hereaher executed that refers to this Deed of Trust;
<br /> (d) future advances,whether odigatory or optional,to the same exterrt as if made corrtemporaneously wilh the execution of this Deed of Trust,made or
<br /> extended on behalf of Grantor or 8orrower. Grantor agrees that if one of the Obligations is a line of credit,the lien of this Deed of Trust shall coratinue
<br /> urrtil paymeM in full of all debt due under the line notwithstanding the fact that from time to time(but before termination of the line)no balarice may,be
<br /> outstanding. At no time �ring the term of this Deed of Trust or any extension thereof shall the unpaid and outstanding secured prindpal future
<br /> advances,not induding sums advanced by Lender to protect the security of this Deed of Trust,exceed the foilowing amouM: ,1',�aq,,.nnn_oe '
<br /> This provision shall not constitute an obligation upon or corrmitmern of Lender to make additional advances or loans to Grantor;and
<br /> (e)all amendmeMs,extensfons,renewals,modificatfons,replacemerrts or substitutions to any of the foregoing.
<br /> As used in this Paragraph 1,the tertns Grarrtor and BoROwer shall include and also mean any Grantor or Borrower if more ihan one. , ' ' '
<br /> 2 REPRESENTATIONS,WARRANTIES AND COVENANTS. Grantor represents,warrarrts and covenants to Lender that: �
<br /> (a) Grantor has fee simple marketable title to the Property and shall maintain the Property free of all liens,securiry interests,encumbrances and daims
<br /> except for this Deed of Tn�st and those descxibed in Schedule B,which is attached to this Deed of Trust and incorporated herein by reference,which
<br /> Grantor agrees to pay and perform in a timely manner;
<br /> (b) Grarnor is in compliance in all respects wfth all applicable federal,state and local laws and regulations,induding,without limitation,those relating to
<br /> "Hazardous Materials,"as defined herein,and other environmerrtal matters(the"Environmental Laws"),and neither the federal govemment nor any
<br /> other govemmemal or quasi govemmernal errtiry has flled a lien on the Property,nor are there any govemmernal,judiaal or administrative actfons with
<br /> respect to ernrironmental matters pending,or to the best of the Grantor's Ia�owledge,threatened,which irnolve the Property. Neflher Grantor nw,to the
<br /> best of Grarnor's Iviowledge, any other party has used,generated,released,discharged, stored,or disposed of any Hazardous Materials as deftned
<br /> herein,in connection with the Property or transported any Hazardous Materials to or f�om the Property. Grarnor shall not cormlt or pemrt such actions
<br /> to be taken in the future. The term "Hazardous Materials" shall mean any substanoe, material, or waste which is or becomes regulated by any
<br /> govemmental authority induding,but not Iimited to,(i)petroleum;(ii)iriable or nonfiable asbestos;(iii)polychlorinated biphenyls;(iv)those substances,
<br /> materials or wastes designated as a"hazardous substance"pursuarrt to Sec[ion 311 of the Clean Water Act or listed pursuarrt to Sec[ion 307 of the
<br /> Clean Water Act or any amendments or replacemerrts to these statutes;(v)those substances, materlals or wastes deflned as a"hazardous waste"
<br /> pursuarrt to Section 1004 of the Resource Conservation and Recovery Act or any amendmerns or replacements to that statute; and'(vi) those
<br /> substances, materiats or wasies defined as a "hazardous substanoe" pursuarrt to Section 101 of the ComFxehensive Environmerrtal Response,
<br /> Compensation and Liabiliry Act, or any amendments or replacemerrts to that statute or any other similar state or federal statute, rule, regulatiqn or
<br /> ordinanoe nbw or hereafter in effect. Graritor shall not lease or pemit the sublease of the Property to a tenarrt or subtenarrt whose operations;may
<br /> resufl in co�nation of the Property with Hazardous Materials or toxic substanoes; ,�, � .; , ��
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