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<br /> WHEN RECQRDED MAIL TO:
<br /> . Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 160
<br /> Grand Island,NE 68802-0760 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUSY
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 520,100.00.
<br /> THIS DEED OF TRUST is dated J41y 30, 2012, among TODD D PIKOP,whose address is 2511
<br /> W 5TH ST, GRAND ISLAND, NE 688034212 and CHRISTINE D PIKOP, whose address is
<br /> 2519 W 5TH S7, GRAND ISLAND, NE 688034212; HUSBAND AND WIFE ("Trustor"),
<br /> Equitable Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE
<br /> 68802-0960 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"?; and
<br /> Equitable Bank (Grand Island Region), whose address is 113-115 N Locust St; PO Box 160,
<br /> Grand Island, NE 68802-0160(referred to below as "Trustee").
<br /> CONVEYANCE AN6 GRANT. For valuable consideretion,Trustor canveys to Trustee in trust,1MTH POWER OF SALE,
<br /> for the benefit of Lender as Beneficiaty,all of Trustor's right,tiUe,and interest in and to the following described real
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and fixwres; all
<br /> easements,rights of way,and appurtenances;all water,water rights and ditch rights (induding 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 /> Counfij,Sfate of Nebraska:
<br /> LOT ONE (1), VIRDEN SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA
<br /> The Real Property or its address is coraamonly known as 2511 W 5TH ST, GRAND ISLAND, NE
<br /> 688034212. The Real Property tax identification number is 400103931.
<br /> REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including,without limitation,a revolving
<br /> line of credit,which obligates Lender Yo make advances to Trustor so long as Trustor complies with all the terms of the
<br /> Credit Agreement. Such ad�rances may be made,repaid,and remade from time to Yime,subject to the limitation that
<br /> fhe total outstanding 6alance owing at any one time, not induding finance charges on sucfi balance at a fixed or
<br /> variable rate or sum as provided in the Credit Agreeme�t,any temporary overages, other cfiarges,and any amouMs
<br /> expended or advanced as provided in either the Indebtedness paragraph or this paragraph,shall not exceed the Credit
<br /> Limit as provided in the Credit Agreemerrt. 1t is the interrtion of Trustor and Lender that this Deed of Trust secures the
<br /> balance oufstanding under the Credit Agreemerrt from time to time�from zero up to the Credit Limit as provided in the
<br /> Credit Agreement and any intermediate 6alance.
<br /> Trustor presenYly assigns to Lender(also known as 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,Ttustor
<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 REMS AND
<br /> PERSONAL PROPERTY,IS GNEN TO SECURE (A) PAYMENT OF THE IN�DEBTEDNESS 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. Excepti 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 ihe Credit Agreement,this Deed of Trust,and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trvstor's possession and use of the
<br /> Property shall be govemed by the folfowing provisions:
<br /> Possession apd Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br /> control of the Property; (2) use,operate or manage the Property;and t3) collect the Rents from the Property.
<br /> Duty Yo Maintain. Trustor shall maintain the ProperFy in good condition and promptly perform all repairs,
<br /> replacements,and maintenance necessary to preserve its value.
<br /> Compliance Wkh Environmental Laws. Trustor represents and warrants to Lender that (1) During the period of
<br /> Trusto�s ownership of the Property,there has bee�no use,generation,manufacture,storege,treatment,disposal,
<br /> release or threatened release of any Hazardous Substance by any person on,under,about or from the Property;
<br /> {2) TYustor has no knowledge of,or reason to believe that there has been,except as previousty 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,treatment,disposal,release or threatened 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 person relating�to such matters; and (3) Except as previously
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