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<br />WHEN RECORDED MAIL TO:
<br />Equrtable Bank
<br />Diers Avenue Branch
<br />PO Box 7 60
<br />Grand Island. NE 68802-0160 FOR RECORDER'S USE ONLY � Q
<br />3 ,� `
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust sh�ll not exceed at any one time S 19,800.00.
<br />THIS DEED OF TRUST is dated June 6, 2012, among RODNEY R ZULKOSKI, whose address is
<br />616 HERMITAGE PL, GRAND ISLAND, NE 68801 � DAWN M ZULKOSKI, whose �ddress is
<br />616 HERMITAGE PL, GRAND ISLAND, NE 68801; HUSBAND AND WIFE, AS JOINT TENANTS
<br />AND NOT AS TENANTS IN COMMON ("Trustor"); Equitable Bank, whose address is Diers
<br />Avenue Branch, PO Box 160, Grand Island, NE 68802-0160 (referred to below sometimes as
<br />"Lender" and sometimes as "Beneficiary"); �nd E�uitable Bank (Grand Island Regionl, whose
<br />address is 113-115 N Locust St; PO Box 160, (�rand Island, NE 68802-0160 (referred to
<br />below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, TrustGr conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the benefrt of Lender as Beneficlary, 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 fixtures; ell
<br />easements, rights of way, and eppurtenances; all water, water�',rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rightsl; and all other rights, royalties, end �brofits relating to the real property, including without
<br />limitation all minerals, oil, gas, geothermel end similar matkers, (the "Real PI'opel'ty") loCated in HALL
<br />County, State of Nebraska:
<br />LOT THIRTY (30) IN RAVENWOOD SUBDIVISION BEING A PART OF THE SOUTH HALF OF
<br />THE SOUTHEAST O,UARTER (S1/2SE1/4) OF SECTION THIRTEEN (13). TOWNSHIP
<br />ELEVEN (11) NORTH. RANGE NINE (9) W�ST OF THE 6TH P.M., HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or its address is commonly knowin as 616 HERMITAGE PL, GRAND ISLAND,
<br />NE 68801. The Real Property tax identification number is 400214598.
<br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving
<br />line of credit, which obligates Lender to meke advances to Trustor so long as Trustor complies with all the terms of the
<br />Credtt Agreemerrt. Such advances may be made, repaid, and remede from time to time, subject to the limltation that
<br />the total outstanding balance owing at eny one time, not Pncluding flnance cherges on such balance at a fixed or
<br />veriable rate or sum as provided in the Credlt Agreement, any!temporary overages, other charges, and any emounts
<br />expended or advanced as provlded tn either the Indebtedness p�ragraph or this paragraph, shall not exceed the Credit
<br />L1mit as provided in the Credit Agreement. It ls the Irrtent9on of ITrustor and Lender that this Deed of Trust secures the
<br />balance outstanding under the Credh Agreement from time to t�me from zero up to the Credit Limit as provided in the
<br />Credit Agreemerrt and any irrtermediate balence. I
<br />Trustor presently assigns to Lender (also known es 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 Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF REN#S AND THE SECURITY INTEREST IN THE RENTS AND
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT bF 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 TqUST 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 es they become due, alnd 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 MAINTENANCE OF THE PROPERTY. Tru9tor agrees that Trustor's possession and use of the
<br />Property shall be governed by the fo�lowing provisions:
<br />Possession and Use. Until the occurrence of an Event o� Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operate or menege the Prqperty; and (3) collect the Rents from the Property.
<br />Duty to Mairrtain. Trustor shall maintain the Property lin good condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its v�lue.
<br />Compliance With Environmental Laws. Trustor represents end warrants to Lender that: (1) 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, about or from the Property;
<br />(2) Trustor hes no knowledge of, or reason to believe that there has been, except as previously disclosed to and
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