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<br /> WHEN RECORDED 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 TRUST
<br /> MAXIMUM LIEN_ The lien of this Deed of Trust shall not exceed at any one time $12,600.00.
<br /> THIS DEED OF TRUST is dated August 2, 2072, among JEFFREY R PAIGE, whose address is
<br /> 1804 RAINBOW RD, GRAND ISLAND, NE 68801 and KAfLYN S PAIGE, whose address is
<br /> 1804 RAINBOW RD, GRAND ISLAiVD, NE 68801; HUSBAND AND WIFE ("Trustor"); Equitable
<br /> Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE 68802-0160
<br /> (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Equitable Bank
<br /> (Grand Islanc! Region), whose address is 113-115 N Locust St, PO Box 760, Grand Island, NE
<br /> 68802-0160 (referred to b.elow as "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br /> for the benefit of Lender as Beneficiary, all of Trustor's right, iitle, .and interest in and to the following described real
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br /> easements, rigfits of way, and appurtenances; all water, water rights and ditch rights (including stock in utiliiies with
<br /> ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, (the "Real PropeC$y") located in HALL
<br /> County, State of Nebraska:
<br /> LOT SEVEN (7), RAINBOW LAKE THIRD SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 1804 RAIIVBOW RD, GRAND ISLAND,
<br /> NE 68801. The ReaB Property ta�c identefication number is 400367947_
<br /> Trustor presently assigns to Lender (also known as Beneficiary in ttt.is Deed of Trust) all of Trusior's right, title, and
<br /> interest in and to all present and future leases of the Property and all ReMs from the Property_ In addition., Trustor
<br /> grants to Lender a Uniform Gommercial 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 /> ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br /> DEED OF TRUST IS GNEN AIVD ACCEPTED ON THE FOLLOWWG TERMS,
<br /> PAYMENT AND PERFORMANCE. Except as otnerwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br /> amounts secured by this Deed of T�ust as they become due, and shall strictly and in a timely manner perform aII of
<br /> Trustor's obligatiions under the Note,this Deed of Trust,and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE 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 ("I) remain in possession and
<br /> control of the Property; (2) use., operate or manage the Property; and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property in good. condition and p��romptly perform all repairs,
<br /> replacements,and maintenance necessary to preserve its value.
<br /> Compliance�With Environmental Laws. Trustor tepresents and warraMs to Lender that (7) 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) Trusior has no knowledge of, or reason to believe that there has been,. except as previously disclosed to and
<br /> acktiowledged by Lender in writing, (a) any breacn or violation of any Environmental Laws, (6) any use,
<br /> generation, m�anufacture, storage, treatment, disposal, release or threatened release of any Fiazardous Substance
<br /> on, under, about or f�om the Property by any prior owners or occupants of the Property, or (c) any acYual or
<br /> threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously
<br /> disclosed to and acknowledged by Lender in writing, (a) neitherTrustor nor any tenant, cont�actor, agent or other
<br /> authorized user of the Property shall use, generate, manufiacture,store, treat,dispose ofi or release any Hazardous
<br /> Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with
<br /> all applicable fiederal, state, and local laws, regulations and ordinances, including without limitation all
<br /> Environmental Laws. Trustor authoeizes Lender and its agents to enter upon fhe Property to make such
<br /> inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the
<br /> Property wirtn tnis section of the Deed of Trust. Any inspections or Yests made by Lender shall be for Lender's
<br /> purposes only and snall not be�construed to create any responsibility or liability on the part of Lende.r to Trustor or
<br /> to any oYheF person. The representations and warranties contained herein are based on Trustor's due diligence in
<br /> investigating the Property for Hazardous Substances. Trustor hereby ('I) releases and waives any futute claims
<br /> against Lender for indemnity or contribution i�n the event Trustor becomes liable for deanup or other cosis under
<br /> any such laws; and (2) agrees to indemniiy, defend, and hold narmless Lender against any and all daims, losses,
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