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<br /> WHEN RECORDED MAIL TO:
<br /> Equita6le Bank
<br /> Diers Avenue Brancfi �
<br /> PO Box 760
<br /> Grand Island,NE 68802-0160 FOR RECOR�ER'S USE ONLY
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 5280,000.00.
<br /> THIS DEED OF TRUST is dated December 23, 2011, among JEFFREY L DOBBINS, whose
<br /> address is 4015 MASON AVE, GRAND ISLAND, NE 688031502 and JANET A DOBBINS,
<br /> whose address is 4015 MASON AVE, GRAND ISLAND, NE 688037502; HUSBAND AND WIFE
<br /> ("Trustor"); Equitable Bank, whose address is Diers Avenue Branch, PO Box 760, Grand Island,
<br /> NE 68802-0160 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br /> and Equitable Bank(Grand Island Region),whose address is 113-115 N Locust St;F'O Box 160,
<br /> Grand 1sland, NE 68802-0160(referred to below as "Trustee"1.
<br /> CONVEYANCE AND GRANT. For valuable consideration,Trostor conveys to Trustee in trust,WITH POWER OF SALE,
<br /> for the benefit of�Lender as Beneficiary,all of Trustor's right,title,and interest in and to the following described real
<br /> property, together with all existing or subsequently erected or affixed� buildings, improvements and fiutures; all
<br /> easements,rights of way,and appurtenances;all water,water rights and ditch rights (including stock in utilities with
<br /> ditch or irrigation rights);:�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") located in HALL
<br /> County,Stete of Nebraska:
<br /> LOT FIFfY-TWO (52), INDIANHEAD SEVENTH (7) SUBDNI510N W TFiE CITY OF GRAND
<br /> ISLAND, HALL C�UNTY,NEBRASKA
<br /> AND
<br /> LOT THREE (3), SUNSET THBRD SUBDIVISION, GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA
<br /> The Real Property or its address is commonly known as 3136 LARAMIE DR &4015 MASON
<br /> AVE, GRAND ISLAND, NE 68803-6538. The Real Property tax identifiication. number is
<br /> 400414716&400163950.
<br /> Trustor pFesently assigns to Lender lalso known as Beneficiary in this Qeed of Trust) all of Trustor's right, title, and
<br /> inte�est in and to all present and future leases of the Property and all Rents from the Property. In addifion, Trustor
<br /> grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUST,INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY,IS C'aNEN TO SECURE fA) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER THE NOTE,THE RELATED DOCUMENTS.AND THIS DEED OF TRUST. THIS
<br /> DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Except 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 a�d in a timely manner perform all of
<br /> Trustor's obligations under the Note,this Deed of Trust,and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trusmr agrees that Trustor's possession and use of the
<br /> Property shall be governed bV the following provisions:
<br /> Possessiore and Use. Until the occurrence of an Event of Default, 7rustor may (1) remain in possession and
<br /> control of the Prope�ty; I2) use,.operate or manage the Property;and (3) collect the Rents fro�m the Properry.
<br /> Duty to Maintain. Trustor shall maintain the Property in good condiiion and promptly perform all repairs,
<br /> replacemerts,and maintenance necessary to preserve its value.
<br /> Compliance With Envirmnmental Laws. Trustor represents and warrents to Lender that: (1) �uring the period of
<br /> Trustor's ownership of the Property,there has been no use,generation,manufacture,storage,veatment,disposal,
<br /> release orthreatened release of any Hazardous Substance by any person on, under,about orfrom the Property;
<br /> (2) Trustor has no knowledge of,or reason to believe that there has been,except as previously disclosed to and
<br /> acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br /> generation,manufacture, storage,treatmeM,disposal,release or threatened release of any Hazardous Substance
<br /> on, under, about or from the Property by any prior owners or occupants of fhe Property, or (c1 any actual or
<br /> threatened�litigation or daims of any kind by any person relating to such matters; and (3) Ezcept as previously .
<br /> disdosed to and acknowledged by Lender in writing, (a1 neither Trustor nor any tenant,contractor,agent or other
<br /> authorized user of the Property shall use,generate,manufacture,store,treat,dispose of or release any Hazardous .
<br /> Substance on,under,about or from the Property;and (b) any such activity shall be conducted in compliance with
<br /> all applicable federal, state, and local laws, regulations and ordinances, including without Ifmitation all
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