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m <br /> � � N p� � <br /> m"' � cD m <br /> � � n� � N zm N m <br /> o �o � 0 �� p 0 <br /> � � 0 c� p C� OT z N cDi� <br /> Z D � Z <br /> � � TA m o �� � � <br /> mr„ m rD � � <br /> � �� 0 � � � � C <br /> � � <br /> v'm � " Z <br /> �� N � � <br /> � O <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 <br />