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<br /> WHEN RECOFiDED MABL TO:
<br /> Equita6fe Bank
<br /> North Locust Branch
<br /> 113-115 N Locust St
<br /> PO Box 160
<br /> Grand Island,NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> DEED OF TRIDST
<br /> MAXIMUM LIEIV. The lien of this Deed of Trust shall not exceed at any one time 532,409.95.
<br /> THiS DEED OF TRUST is dated February '[7,2012,among John C Meidlinger,whose address is
<br /> 1122 W DIVlSION ST, GRAND ISLAND, NE 688016415 and JANE C MEIDLINGER, whose
<br /> address is 1122 W DIVISION ST, GRAND 1SLAND, NE 6880 7 641 5; HUSBAND AND WIFE
<br /> ("Trustor"}; Equitable Bank, whose address is North Locust Branch, 113-115 N Locust St, PO
<br /> Box 160, Grand Island, NE 68802-0160 (referred to below sometimes as "Lender" and
<br /> sometimes as "Beneficiary"); and Equitable Bank (Grand Island RegionD, whose address is
<br /> 113-115 N Locust St; PO Box 160, Grand Island, NE 68802-0160 (referred to be9ow as
<br /> "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideretion,Trustor conveys to Trustee in trust,WITH POWER OP SALE,
<br /> for the benefit of Lender as Beneficiary,aIl 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 6uildings, improvements and fixtures; all
<br /> easements, rights of way,antl appurtenances; all water, water rights and ditch righis (including sYOCk in utilities with
<br /> drtch or irrigation rightsl; and all other rights, royalties, and profits relating to the real property, induding without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, (the °Real Property") located itl HALL
<br /> County,State of Nebraska:
<br /> AII of Fractional Lot Five (5), in Fractional Block Seven {7), in Arnold Place in the City of
<br /> Grand Island, HaII County, Nebraska, and its complement, heing all ofi that part of Lot
<br /> Sixteen (16), of the county subdivision of the Southeast Quarter of the Southwest Quarter
<br /> (SE1/4SW1l4} ofi Section Sixteen (161, in Township Eleven (11) North, Range N'sne (9},
<br /> west of the 6th P.M., lying north of Division Street and East of Washingion S#reet if the
<br /> Easterly line of said Washington Street where extended, said tracts combined forming one
<br /> full lot sixty-six (66)fieet on Division Street and having a frontage af one hundred�hirty-two
<br /> (132)feet on Washington Street in said City of Grand Island Hall County, Nebraska
<br /> The Real Property or its address is commonly known as 1722 W DI�/ISION ST, GRAND
<br /> ISLAND,NE 688096475. The Real Property tax identification number is 400009838.
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of TrusU all of TrustoPs right,title, and
<br /> interest in and fo all presenf and futute 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�nts.
<br /> THIS DEED OF TRUST,INCLUDWG THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY,IS GIVEN TO SECURE lA) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER TNE NOTE,THE RELATED DQCUMENTS,AND THIS DEED OF TRUST. YHIS
<br /> DEED O'r TRUST IS GIVEN AND ACCEPTED ON THE FOl.LOWWG TERMS:
<br /> TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that (al this Deed of Trust is executed at
<br /> Borrower's request and not at the request of Lender, (b)Trustor has the full power,right, and authority to enter into
<br /> this Deed of Trust and to hypothecate the Property; (c)the provisions of this Deed of Trust do not conflict with,or
<br /> result in a default under any agreement or other instrume�t binding upon Trustor and do not result in a violation of any
<br /> law, regulation, court tlecree or order applicable to Trustor, (d)Trustor has established adequate means of obtaining
<br /> from Borrower on a continuing basis information about Borrower's financial condition; arrd (e) Lender has made no
<br /> represe�tation to Trustor about Borrower(including without limitation the creditworthiness of Borrower�.
<br /> TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any"one action"or"anti-deficiency"
<br /> law� or any other law whi�ch may prevent Lender from bringing any action against Trustor, including a claim for
<br /> deficiency to the exfent Lender is otherwise entitled to a claim for deficiency,before or after Lender's commencement
<br /> or completion of any foreclosure action,either judicially or by exercise of a power of sale.
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all
<br /> Indetrtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their
<br /> respective obligations under the Note,�his Deed of i rust,and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor`s
<br /> possession and use of the 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
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