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<br /> WHEN RECORDED MAlL TO:
<br /> Equitable Bank
<br /> Deers Avenue Bran.ch
<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 sfiall not exceed at any one time $'623,299.10.
<br /> THIS DEED OF TRUST is dated Oc�tober 5, 2012, among KIM A GIBS011l, whose address is
<br /> 1609 N KRUSE AVE, GRAND ISLAND, NE 68803-2641; A Single Indivicival ("Trustor'');
<br /> Equitable BanEc, whose address is Diers Avenue Branch, PO Box 160, Granci Bsland, ME
<br /> 68802-0160 (referred to below sometimes as "Lender" and sometimes as °'Beneficiary"); and
<br /> Equitable Bank (Grand Island Fiegion), whose address is 113-'915 N Locust St; PO Box '160,
<br /> Grand Island, NE 68802-0160 (referred to below as "Trustee")_
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITI-1 PO4VER OF SALE�
<br /> for the benefit of Lender as Beneficiary, all of Trus'tor`s right, title, and interest in and to the fiollowing described real
<br /> properry, togetheP witn all e�cisting or subsequently erected or affixed bvildings, improvera�enTs and��.. fixtures; all
<br /> easements, rignYs of way, and appurtenances; all water,. water rights and ditch rights (including stock in utilities with
<br /> ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, induding without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") loc�ted tn HAL�..
<br /> Coun#y, State of Nebraska:
<br /> LOT FOUR (4) IN BLOCK TWENTY-TFiREE {23), W SCAFiFF'S ADDBTiONS TO WEST LAWN,
<br /> AN ADDITION TO THE CITY OF GEtAND ISLAND, FiALL COUNTY, NEBRASKA_
<br /> AND
<br /> LOT SEVEN (7), WEST BEL AIR FIFT�i SUBDIVISIOIV, IN TtiE CITY OF GRA9VD lSLAND,
<br /> HALL COUNTY, NEBRASKA_
<br /> The Real Property or its address is commonly known as 1609 N KRUSE AVE & 1805 CURTiS
<br /> ST, GRAND iSLAND, NE 68803_ The Real Property tax identificateon number is 400089076 &
<br /> 4001'1'1977_
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of TrusU all of Trusror's right, title, and
<br /> interest in and to all present and future leases of the Property and all Rents from the Property_ In addition, Trusmr
<br /> grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUST. iNCLUDING THE ASSIGNMENT OF RENTS AN�D THE SECURITY IMfEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS GIVEN TO SECUFiE CA) PAYMEIVT OF THE INDEBTEDNESS AND (By PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER THE iVOTE. THE RELATED DOCUMENYS, AND THIS DEED QF TRUST. TFiIS
<br /> DEED OF TRUST IS GNEI�f AND ACCEPTED ON THE FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br /> amounYs secured by this Deed of Ttust as they become due, and shall strictly and in a timely manner perform all ofi
<br /> Trustor's obligations under the Note,this Deed of Trust, and the Relared Documents.
<br /> POSSESSION AND MAINTENAN.CE OF THE PROPERTY. Trustor agrees tnat Trustor's possession and use ofi the
<br /> Property shall be governed by the following provisions:
<br /> Possession and Use�_ Until the occurrence of a� Event ofi Default, Trustor may (1) remain in possession and
<br /> control of the Property; (2) use,operate or manage the Property; and (3] collect the Rsnts from the Property.
<br /> Duty to� Maintaire. TrustoY shall maintain the Property in good condition and promptly perfiorm all repairs,
<br /> replacements; and maintenance necessary to preserve its value.
<br /> Compliance�VVith Environmental Laws. Trustor represenYs and warrants to Lender thatr (l? During the period of
<br /> Trustor's ownership of the Property, there has been no use, generation, manufiacture, storage, treatment, disposal,
<br /> release or tnreatened release ofi any Hazardous Subs'tance by any person on, under, abouY or from the Property;
<br /> (2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disdosed to and
<br /> acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br /> generation,. manufacture, storage, treatment, disposal, release or threatened 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 /> 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) neither Trustor nor any tena�nt,contractor, agent or otner
<br /> authorized user ofi the Property shall use, generete, manufacwre, store, treat, dispose of or release any Hazardous
<br /> Substance�on, under, about or from�the Property; and (b) any such activity shall be conducted in compliance witn
<br /> all applicable federal, state,. and iocal laws,. reguiations and ordinances, including without limitation ail
<br /> Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such
<br />
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