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<br /> 'UVFiEN REC�RDED MAIL TO:
<br /> Equitabie Bank
<br /> Diers Avenue Branch
<br /> PO Box '160
<br /> Grand Island�NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> DEED OF -fRl9ST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one tame $50,000.00.
<br /> THBS DEED OF TRUST is dated October 4, 2012, among GAFiY L PEDERSEN, whose address is
<br /> 2333 STAGEGOACH RD, GRAND lSLAND, NE 688017347 and �ARBARA .D PEDERSEIIB,
<br /> whose address is 2333 STAGECOACH RD, GRAND ISLAND, IVE 6880'17347; HUS�AI�iD AYVD
<br /> WIFE, AS JOIIVT "fEiVANTS AND NOT AS TEIVAIIITS IN COlVIMON ("Trustor"); Equetable �ank,
<br /> whose address is Diers Avenue Branch, PO Box 160, Grand Island, IVE 65802-0160 (re#erred
<br /> ta below sometimes as "Lencler" and sometimes as "Beneficeary"); anc3 Equitable Bank (�rand
<br /> Island Region), whose adcJress is 1'I 3-1 15 N Locust St; PO Box 160, Grand Island, NE
<br /> 68502-0160 (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 ofi T�ustor's right, title, and interest in and to the following described real
<br /> property, together witfi all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances; all water, water rights and. ditcn rights (induding stodc in uYilities with
<br /> ditch or irrigation rights); and all other rights, royalt�es, and profits relating to the real property, including without
<br /> limitation ai! minerals, oil, gas, geothermal and similar matters, (th0 '�Fieal PYOp@Y�y�') IOC�tOd in f-EALL
<br /> County, State of Nebraska:
<br /> LOT FOUR (4), BERKSHIRE SUBDIVISIQN IN THE CITY OF GRAND ISLAND, FiALL
<br /> COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 2333 STAGECOACH RD, GRAND
<br /> ISLALlID, NE 6SS097347. The Real Property tax identification number is 400082543_
<br /> � REVOLVWG LWE OF CREDIT.. This Deed of Trust secures the Inde6tedness including, without limitation, a revolving
<br /> line of credit,which obltgates Lender to make advances to Trustor so long as Trustor complies with all the terms of Yhe
<br /> Credit Agreement_ Such advances may be made, repaid, and. remade from time to time, subject to tihe limitation that
<br /> the total outsYanding balance owing at any one time, not including finance charges on such balance at a fixed or
<br /> variable rate or sum as grovided in the Credit Agreement, any temporary overages, other charges�, and any amounts
<br /> expended or advanced as provided in either the indebtedness paragraph or this paragraph, shalE not exceed the Credit
<br /> Limit as provided in the Credit Agreement. It is the intention of Trustor 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 /> TrusYor presently assigns to Lender (also known as 6eneficiary in.this Deed of Trust) aU of Trustor's right, title,. and
<br /> interest in and to all present and future leases of the Property and all Rents firom the Property. In addition, Trustor
<br /> grants to Lender a Uniform Commercial Code security inteeest in�the Personal Property and Rents.
<br /> THIS DEED OF TRUST, INCLUDWG THE ASSIGNMENT OF RENTS AND THE SECURITV INTEREST IN TFiE RENTS AND
<br /> PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMAIVCE OF
<br /> EACi-1 OF TRUST�R"S AGREEMENTS AND OBLIGATlONS UNDER THE CfiEDIT AC',REEMEN-6� T{-iE RELATED
<br /> DOCUMENTS, AND Ti-IIS DEED OF TRUST_ THIS DEED OF YRiS'ST IS GIVEN A.ND ACCEPTED ON THE FOLLOWING
<br /> TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deeci of Trust, Trustor shall pay to Lender all
<br /> amounts secured by this Deed of Trust as they become due, and shalf strictly and in a timely manner perform aPl of
<br /> Trustor's obligations under the Credit Agreement,.this Deed of Trust, and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PFiOPERTY_ Trustor agrees tnat Trustor's possess.ion and use of the
<br /> Property shall be governed by the following provisions:
<br /> Possession and llse. Until the occurrence of an Event of Default, Trustot may (1) remain in possession and
<br /> control of the Property;. (2) use, operaie or manage the Property; and 13) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain the. Property in good condition and promptly perform all repairs,
<br /> replacements, and�maintenance necessary to preserve its value. �
<br /> Compliance�With Environmentat Laws_ Trustor represents and warrants to Lender that: (1) During the period o'F
<br /> Trustor's ownership of tne Property,there has been no use, generation�., manufacture,storage,treatrneni, disposa:l,
<br /> release or threatened reiease of any Hazardous Substance by any person on, under,. abou�t or firom the Property
<br /> (Z) Trustor has no f<nowledge 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 violation of any Environmental Laws, (b) any use,
<br /> generation, manufacture, storage, ireatment, disposat, release or tnreatened release of any Hazardous Substance
<br /> on, under, about or -From the Property by any prior owners or occupants ofi the Property, or (c) any actual or
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