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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank �
<br /> Diers Avenue Branch
<br /> PO Boz 760
<br /> Grand Island.NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> DEED OF TRl1ST
<br /> THIS DEED OF TRUST is dated December 20, 2Q71, arnong DOUGLAS J �EDMAN, whose
<br /> address is 5043 RAINTREE C9RCLE, PARKER, CO 80134 and NANETTE P REDMAN, whose
<br /> address is 5043 RAWTREE GIRCLE, PARKER, CO 80134; Husband and Wife l°Trustor");
<br /> Equitabte Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE
<br /> 68802-0160 (referred to 6elow sometimes as "Lender" and sometimes as "Beneficiary"1; and
<br /> Equitable Bank (Grand Island Regio�), whose address is 7'f3-715 N Locust St; PO Box 960,
<br /> Grand Island,NE 68802-Ot60 (referred to below as "Trustee"1.
<br /> CONVEYANCE AND GRA.NT. For valuable consideration,Tmstor conveys to Trustee in trust,WITH POWER OF SALE,
<br /> for the benefit of Lender as Benefciary,all of TrustoPs right,title, and interesi in and to the following descri6ed real
<br /> property, together with all e�isting 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") Iocated in Flall County,
<br /> State of Nebraska:
<br /> Lot Thirty Three(33)Except the East Six(6) Feet, Hagges' Subdivision,in the City of Grand
<br /> Island, F9ail County, Nebraska.
<br /> The Real Property or ots address is commonly known as 2019 �Iliams St, Grand Island, NE
<br /> 68801. The Rea1 Property tax identi#ication number is 400041642.
<br /> CROSS-COLLATERALIZATION. In addition to the Note,this Deed of Trust secures all obligations,debts and liabilities,
<br /> plus interest thereon,of Trustor to�Lender,or any one or more of them,as well as ap claims by Lender against Trustor
<br /> or any one or more of them, whether now existing or hereafter arising,whether related or unrelaied to the purpose of
<br /> the Note, whether voluntary or otherwise, whether due or not due, direct or indirect,determfned or undetermined,
<br /> absolute or contingent, fiquidated or unliquidated, whether Trustor may be liable individually or jointly with others,
<br /> whether obligated as guarantor,surety, accommodation party or otherwise,and whether recovery upon such amounts
<br /> may be or hereafter may become barred by any statute of limitations,and whether the obligation to repay such amounts�
<br /> may be or hereafter may become otherwise unenforceable.
<br /> FUTURE ADVANCES. In addition to the Note,this Deed of Trust secures all future advances made by Lender to Trustor
<br /> whether or noi the advances are made pursuant to a commitment.� Specifically,without limitation,this Deed of Trust
<br /> secures, in addition to the amounts specified in the Note, all future amnunts Lender in its discretion may loan to
<br /> Trustor,together with allinterestthereon.
<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 to all present and future leases 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 Re�ts.
<br /> TNIS DEED OF TRUST,INCLUDING THE ASSIGNMENT OF RENTS AND THE SECUR{TY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY,IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br /> ANY AND ALL OBLIGAT{ONS UMDER THE NOTE,THE RELATED DOCUMENTS,AND THIS DEED OF TRUST. THIS
<br /> DEED OF TRUST IS GIVEN AN.D ACCEPTED ON THE FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Ercept as otherwise provided in this Deed of Trust,Trustor shall pay to Lender all
<br /> amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br /> Trustor's o6ligations under the Note,this Deed of Trust,.and ihe Related Documents.
<br /> POSSE$SION AND MAINTENANCE OF THE PROPERTY. Trusmr agrees that Trustor's possession and use o;the
<br /> Property shall be governed by the following provisions:
<br /> Possession an.d Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br /> control of the Property; (2) 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 prompYly perform all repairs,
<br /> replacemerts,arrd maintenance necessary to preserve its value. � - �
<br /> Compliance�tfi Environmenta!Laws. Trustor represents and wa.rrants to Lender that 11) 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, a6out or from the Property;
<br /> (2) Trustor has no knowledge of,or reason to believe that there has been,except as previously disclosed to and
<br /> ackoowledged by Leoder in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br /> generetion, manufacture,storege,treatment,disposal,release or threatened release of any Hazardous Substance
<br /> on, under, about or from the Property by any prior owners or occupants of�the Property,.or (c) any actual or
<br /> threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously
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