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<br /> W!-IEN RECORDED MAIL TO:
<br /> Equetable Bank �
<br /> North.Locust Branch
<br /> 1 13-7�5 N Locust St
<br /> PO Box '160
<br /> Grand Island NE 68802-0960 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF T�tUST is dated October 5, 2012, among RHOADS EN"f'ERPRISES iNC, whose
<br /> address is 4204 UTAL-1 AVc, G03AIlID ISLAI�D, I�lE 68803; a iVebraska Corporation ("Trusfior");
<br /> Equitable Bank, whose address is IVor#h Locust Branch, 113-'t'15 IV Locust St, PO 6ox 760,
<br /> Grand Island, N� 68802-0160 (referred to below sometimes as "Lender" and sometimes as
<br /> "Bene#iciary"); and Equitable Bank (Grand Island Region), whose address is 9'63-115 1!! Locu�t
<br /> St; PO Box 'l60, Grand Island, NE 68802-0'160 (referred to below as "Trustee").
<br /> CONVEYANCE AND GRANT. For valuabie consideration, Trustor conveys to Trusfee in trust, WITH POWER OF SALE,
<br /> fior tha benefit of Lencler as Benefiiciary, all of Trustar's rigni, title, and interest in and tq the foliowing described real
<br /> property, together with all exis2ing or subsequentfy erected or a'FFixed buildings, improvements and fixtures; alf
<br /> easements, rights of way, and appurtenances; alt water, water rights and ditch rights (including stock in utilities witn
<br /> ditch or irrigation rights); and all other rights, royalties, and profits relating to the real pro�perty, induding without
<br /> limitation all minerals, oil; gas, geothermal and similar matters, (the "Ffeal Property") located in HALL
<br /> County, State ofi Nebraska:
<br /> 1'AFiCEL 'i; LOT TWO (2), SHAR'S SUBDIVISION, IIV TFiE CITY OF GE�AND 1SLAND, FIALL
<br /> COUNTY, IVEBFiASKA
<br /> PARCEL 2: LOT THREE (3), SHAR°S SUBDIVISIOI�i, I1V THE CITY OF GRAND lSLAIV�, FlALL
<br /> CQIDNTY, NEBRAS�CA
<br /> PAFiCEL 3: LOT TWENI`Y-SEVEIV (27) OF HAWTtiORlVE PLACE, IN THE CIT!' QF GRAiVD
<br /> ISLAN�, (-IALL COUNTY, IVEBRASKA
<br /> The Real Property or its address is commonly known as 9'i 7-919 E 12TH $T, 1'104-7 106
<br /> EVANS ST, 915 S SYCAMORE ST, GRANd� ISLAND, NE 68802. The Real Property #ax
<br /> identification number is 40009 1 7 20, 400091739, 400043750.
<br /> CROSS-COLLATERALIZATION_ In addition to the Note, this Deed of Trust secures all obligations, debts and. Iia6iliLies,
<br /> plus interest thereon, of Trustor to Lender, or any one or more of them, as wel�l as all claims by Lender against Trustor
<br /> or any one or more of them, whether now existing or hereafter arising, wnetner related or unrel�.ated to ihe purpose of
<br /> ihe Ivote, whether valuntary or atherwise, whethee due or not due, direct or indirect, determined or undetermined,
<br /> absolute or contingert, fiquidated or unliquidateo, whether Trustor may be liable individually or jointly with others,
<br /> whether obligated as guarantor, surety, accomrnodarion party or otherwise, and whether recovery upon such amounts
<br /> may be or hereafter may become barred by any statute of limitations, and wnether_the obligation to repay such amounts
<br /> may be or hereafter may become oiherwise unenforceable.
<br /> FUTURE ADVANGES. In addition to the Note, ihis Deed of Trust secures all fucure advances made by Lender to Trustor
<br /> whether or not the advances are made pursuant to a commitment. Specifiically, without limitation, this Deed. of Trust
<br /> secures, in addition Yo the amounts specified in the Note, all fiuture amounts Lender in its discretion may loan to
<br /> Trustor,together with allinterestthereon�.
<br /> Trustor presently assigns io 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 Propercy. In. addition, Trustor
<br /> gran�s to Lender a Uniform Commercial Code security interesY in fhe Personal Property and Rents.
<br /> THlS DEED OF TRUST, IN.CLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY IIVTEREST IN Tt-iE RENTS AND
<br /> PERSONAL PROPERTY, IS GYVEN TO SECURE (A) PAYMENT OF T!-lE INDEBTE�NESS A(VD (B) PERFORMANCE OF
<br /> ANY AI�ID ALL OBLIGATIONS iJNDER THE NOTE, THE RELAT'�D DOCUMENTS, AIVD THIS DEED OF TRUST_ THIS
<br /> DEED OF TRUST iS GIVEN AND ACGEPTED ON THE FOLLOWING TERMS:
<br /> PAYMENT AIVD PERFORMANCE Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender alI
<br /> amounts secured by this Deed of Trust as they bccome 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 MAINTENANCE OF THE PROPERTY_ Trustor agrees Yhat Trus2or's possession and� use of the
<br /> Property shall be governed by the following provisions:
<br /> Possession and Use. Until the occurrence ofi an Event of Default, Trustor may (1) remain in possession and
<br /> controi ot the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain tfie Property in tenantabfe condition and promptly perform all repairs,
<br /> replacements, and maintenance necessary to preserve its value.
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