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<br />WHEN RECORDED MAIL TO:
<br />Equitable Eank � _ ^ �
<br />Diers Avenue Branch � ��
<br />PO Box 160 /0
<br />Grand_Island, NE 68802-0160 " �� ' ' "'- ` FOR'RECORDER'S USE ONLY �f1 �S
<br />v
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall' not exceed at any one time $43,500.00.
<br />THIS DEED OF TRUST is dated June 8, 2012, among STEVEN G LEE, whose address is 3406 S
<br />BLAINE ST, GRAND ISLAND, NE 688018802 and CHRISTINE K LEE, whose address is 3406 S
<br />BLAINE ST, GRAND ISLAND, NE 688018802; H4SBAND AND WIFE, as joint tenants with
<br />right of survivorship and not as tenants in common �"Trustor"); Equitable Bank, whose address
<br />is Diers Avenue Branch, PO Box 160, Grand Island, NE 68802-0160 (referred to below
<br />sometimes as "Lender" and sometimes as "Benefi�iary"1; and Equitable Bank (Grand Island
<br />Region), whose address is 113-115 N Locust St; PO Box 160, Grand Island, NE 68802-0160
<br />(referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor 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 qr 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 prpfits relating to the real property, including without
<br />limitation all minerals, oil, gas, geothermal and similar matte►'s, (th@ "Real Property IOCeted in HALL
<br />County, State of Nebraska:
<br />�ee SEIE AT�ACHED EXHIBIT "A", which is attached to this Deed of Trust and made a part
<br />of this Deed of Trust as if fully set forth herein.
<br />The Real Property or its address is commonly knowr� as 3406 S BLAINE ST, GRAND ISLAND,
<br />NE 688018802. The Real Property tax identificatioh number is 400208113.
<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 make advances to Trustod so long as Trustor complies with all the terms of the
<br />Credit Agreement. Such advances may be made, repaid, and rerhade from time to time, subject to the limitation that
<br />the total outstanding balance 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, eny t�mporary overages, other charges, and any amounts
<br />expended or advanced as provided in either the Indebtedness par�agraph or this paragraph, shall not exceed the Credit
<br />Limit as provlded in the Credit Agreement. It is the intention of T�ustor and Lender that this Deed of Trust secures the
<br />balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in the
<br />Credit Agreement and any intermediate balance.
<br />Trustor presently assigns to Lender (also known as Beneficiary i}� 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 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 U,NDER 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, ancl shall strictly and in a timely manner perform all of
<br />Trustor's obligations under the Credit Agreement, this Deed of TruSi, and the Related Documents.
<br />POSSESSION AND MAfNTENANCE OF THE PROPERTY. Trust�r agrees that Trustor's possession and use of the
<br />Property shall be govemed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Qefault, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operate or manage the Prop�rty; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition end promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br />Trustor's awnership 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 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 vaolation of any Environmental Laws, (b) any use,
<br />generation, manufacture, storage, treatment, disposal, releasie or threatened release of any Hazardous Substance
<br />on, under, about or from the Property by any prior owners lor occupants of the Property, or (c) any actual or
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