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<br /> iNHEN RECOF{DED MABL TO:
<br /> Equitable Bank
<br /> North Locust Branch
<br /> 7 13-115 N Locust St
<br /> PO Box 760
<br /> Grand Island.NE 68802-0'160 FOR RECORDER'S USE ONLY
<br /> DEED OF TEiUST
<br /> MAXIMUM LIEN_ TF�e lien of this Deed of Trust shall not exceed at any one time 520,320.96_
<br /> TE-IIS DEED OF TRUST is dated September '13, 2012, among ALAIV L GIiUWELL, wliose
<br /> address is 2096 RP.IIVBOW RD, GfiAND ISLAND, NE 68809 and REBECCA R GFiUWELL,
<br /> whose address is 20'16 RAIN�OW RD, GFiA1VD ISLAIVD, 9�IE 6880'7; HIJSBAiVD AND 1d1/iFE
<br /> ("Trustor"); Equitatale BanBc, whose address is North Locust �ranch, '913-115 N Locust St, PO
<br /> Box '160, Grand Island, i�9E 68802-0760 (referred to below sometirnes as "Lender" and
<br /> sometimes as "Bene$iciary"); and Equitable Bank (Grand Island Fiegion), whose acDd�ess is
<br /> '173-115 N Locust St; PO Box 760, Grand Island, NE 68802-0160 (ref�rrerl to below as
<br /> "Trustee")_
<br /> CONVEYANCE AND GRANT_ For vaivable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br /> for the benefit of Lender as Benefeciary, aIl of Trustor's right, title, and interest in and to the folfowing described real
<br /> property, togetfier with all existing or subsequenYly erected or affixed buildings, improvements and fixtures; all
<br /> easemenis, rights of way, and appurtenances; all water, water rights and d'icch rights (includi�ng stock in utilities with
<br /> ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, induding witnout
<br /> limitation all minerals, oil, gas, geothermal and similar matters, (the "Fieal Property") Iocated in HALL
<br /> County, State of iVebraska:
<br /> LOT FlFTEEN (75), RAINBOW LAKE THIFYD SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 2016 RAINBOW R�, GRAND ISLAiVD,
<br /> NE 68801. The Real Properfiy tau identification number is 400369818.
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and
<br /> interest in and to ali present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br /> grants to Lender a Uniform Commercia! Code security interest in the Personal Property and Rents. .
<br /> THIS DEED OF TRUST. WCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS GIVEN TO SECURE (AD PAYMENT OF THE INDEBTEDNESS AND (B) PER�ORMANCE 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 PERFORMAN.CE. Except as otherwise provided in this Deed of Trust, Trustor sha�ll pay to Lender afl
<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 the Note,this Deed of Trust, and the Related Documents. �
<br /> POSSESSION AND MAINTENAN�.CE OF THE PROPERTY. Trustor agrees that Trustor`s possession and use of the
<br /> Property shall be governed by the following p�ovisions:
<br /> Possession and Use_ Until the occurrence of an Event of Default, Trustor may ('I} remain in possession and
<br /> . coMrol of the Properiy; (2T use, operate or manage the Property; and (3) collect the Rents from the Property.
<br /> Duty to Maintain_ Trustor shall maintain the Pro�perty in good condition and promptly perfiorm. alf repairs,
<br /> replacernents, and maintenance necessary to preserve its value.
<br /> Compliance �th Environmental Laws. Trustor represents and warrants to Lender that: ("I) Duri�.ng ihe period of
<br /> TrustoPs 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 has no knowledge of, or reason to believe that there has been, except as previously diselosed to and
<br /> acknowledged by Lender in writing, (a) any breach or violation of any EnvironmentaV Laws, (b) any use,
<br /> generation, manufacture, storage, treatment,. d7sposal, release or Yhreatened 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 /> ihreatened litigation or daims 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) neither Trustor nor any Yenant, contractor, agent or other
<br /> authorized user ofi the Property shall use, generate, manufacture, sYore, treat, dispose ofi or release any Hazardous
<br /> Substance on, under, about or from the Property; and ib) any such activity shall be conducted in compliance with
<br /> aif applicable federal, state, and local laws, regulations and ordinances, includfng witFiout limitation all
<br /> Environmental Laws. Trustor autnorizes Lender and its agents to enter upon the Property to make such
<br /> inspections and tes'ts, at Trustor`s expense, as Lender may deem appropriate Yo determine compliance of the
<br /> Property with this section of the Deed of Trust. Any inspections or tests made by Lender shail be for Lender's
<br /> purposes only and snall not be construed.to create any responsibility or liability on the part of Le�.nder to Trustor or
<br /> to any other person. The representations and warranties conYained herein are based on Trustor's due diligence in
<br /> investigating the Property fior Hazardous Substances. Trustor hereby (1) releases and waives any fiuture claims
<br />
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