|
m
<br /> � � N p� �
<br /> m"' ° cD m
<br /> s 1 � n�� N Zm N m
<br /> o �o� � �O � o
<br /> m T N (D/�
<br /> ° � °—�O po �
<br /> ^' Z�„ o xm o z
<br /> m � T�0 � D� � �
<br /> m�o � D rc�r� � �
<br /> � W�� � �
<br /> o � m
<br /> o° � � z
<br /> � �
<br /> � Z
<br /> O
<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 160
<br /> Grand Island,NE 68802-0160 FOR RECORDER'S USE dNLY
<br /> DEED OF TRUST
<br /> iVIAXIMUM L[EN. The lien of this Deed of Trust shall not exceed at any one time 57,800.00.
<br /> THIS DEED OF TRUST is dated February 1, 2012, among ELLA J PRAWL, whose address is
<br /> 316 W 7TH ST, GRAND ISLAND, NE 68807; AN UNMARRIED PERSON ("Trustor"); Equi2able
<br /> Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Islancl, NE 68802-0160
<br /> (referred to melow sometimes as "Lender" and sometimes as "Beneficiary"); and Equitable k3ank
<br /> (Grand IsEand Regionl, whose address is 113-115 N Locust St; PO Box 160, Grand Island, NE
<br /> 68802-0160 (referred to below as "Trustee"1.
<br /> CONNEYANCE AND GRANT. For vatuable consideration,7tustor conveys to Trustee in trust,WITH POWER OF SALE,
<br /> for tha benefit of Lender as Beneficiary,all of Trustor's right,title,and interest in and to the following described real
<br /> property, togethet with all existing or subsequently erected or affixed buildings, improvements and fiMUres;. 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 /> timitation all minerals, oil, gas, geothermal and similar matters. (th6 "Real Property") IOCated in HALL
<br /> County,State ofi Nebraska:
<br /> LOT SIX (61,IN BLOCK ONE HUNDRED TWENTY FOUR(124) IN UNIOIV PACIFiC RAfLWAY
<br /> COMPAIVY'S SECOND ADDITiON TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA
<br /> The Real Property or its address is commonly known as 316 W 7TH ST, GRAND ISLAND, NE
<br /> 68801. The Real Property tax identification number is 400Q96633.
<br /> REVOLVING LINE OF CRE�IT. This Deed af Trust secures the Indebtedness induding,without Iimitation,a revolving
<br /> line of crediC,which obligates Lender to make advances to Trustor so long as Trustor complies with alI the terms of the
<br /> Credit Agreement. Such advances may be made,repaid;and remade from time to time,subject to the limitation that
<br /> the total outstanding baiance owing at any one time, not including finance charges on such balance at a fixed or
<br /> variable rate or sum as provided in the Credit Agreement,any temporary ouerages, other charges, and any amounts
<br /> expended or advanced as provided in either the Indebtedness paregraph ar this paregreph.shall not exceed'the Credit
<br /> Limit as provided in the Credit Agreer:lent. It is the intention of Trustor and Lender that this Deed of Trust seoures the .
<br /> balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as p�ovided in the
<br /> Credit Agreement and any intermediate balance.
<br /> Trustor presently assigns to Lender Ialso known as Benefici2ry 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 /> grents 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 GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br /> EACH OF TRUSTOR'S AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED
<br /> � � DOCUMENTS,AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING
<br /> 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 and in a timely manner perform all of
<br /> Trustor's obligations under the Credit Agreement,this Deed of Trust,and the Related Documents.
<br /> POSSESSION AND MAIIUTEiVANCE OF TH:E PROPERTY. Trustor agrees that Trustor's possession and use of the
<br /> Property shall be governed by the following provisions:
<br /> Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br /> control of the Ptoperty; (2) use,operate or manage the Property;and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property irt good condition and promptly perform all repairs,
<br /> replacements,a�d maintenance necessary to preser�e its value.
<br /> Compliartce With Environmerrtal Laws. Trustor represeMS and warrants to Lender that: (1) During the period of
<br /> Trustor's ownership of the Property,there hes been no use,generation,martufacture,storage,veatmeni,disposal,
<br /> release or threatened release of any Hazardous Substance by any person on,under, about 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 /> acknowledged try Lender in writing, (a) any breach or violation of any Environmental Laws, �6) any use,
<br /> generation, manufacture,storage,treatment,disposal,release or[hreatened 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 oerson relating to such matters;and (3) Except as previously
<br />
|