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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 160
<br /> Grand Is➢and, NE 68802-0760 �FOR RECORDEit'S USE ONLY
<br /> DEED OF °�fRIJSI"
<br /> IVIAXIMIJNf LIEI�i_ The leen o#this Deed of Trust shall not exceed at any one tiirne $176,519_29.
<br /> THIS DEED OF TRUST is dated October 9, 2012, among DONALD L ARFtANTS and NiAEi1LYl!! D
<br /> AFiRANTS, Co-"frustees of the DONALD L ARRAI�9TS ARlD M/�RILYN D ARR.�1\iT5 REVOGABLE
<br /> TRUST D/kTED SEPTEMBER 'IS, 2072, whose adciress is 2203 FiUE DE COLLEGE, GRAI�iD
<br /> ISLAN�, NE 6$8037831 ("Trustor"); Equitable Bank, wF�ose address is Diers Avertue Branch,
<br /> PO Box 160, Grand island, I�IE 68802-0'!60 (referred Yo below sometimes as "Lender" and
<br /> sometimes as "Beneficiary"); and Equitable Bank (Grand Islanc! Eiegion}, whose address is
<br /> 'B 13-9 7 5 N Locust St; PO Box 160, Grand Island, NE 68802-0160 (ref�rred to below as
<br /> "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, ati of Trustor's right, title., and interest in and to the following described real
<br /> property, together with all existing or subsequentty erecied or affixed build�ings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances; alt water, water rights and ditch rights (including stocR in utilities with
<br /> ditch or irrigation rights); and all other rights, royalties, and profifs relating to the real property, including without
<br /> IimitaYion all minerels, oil, gas, geothermal and similar mat[ers, (t{le ��73��0 PCOp�Pt,(�') IOCatCf� IBl 9"IPeL.L
<br /> County, State of Nebraska:
<br /> LOT TWENTY Tk-IREE (23), GRAND WEST SUBL?IVISION, IN THE CITY �F G6iA1VD ISLAND
<br /> FiAI_L COUNTY, NEBRASKA
<br /> The Real Property or its address is commor�ly lcnown as 7304 IVIANS�iELD, GRAIVD IS�ANDp
<br /> NE 68803. The Real Property tax identificatiori number is 40039 66 1 0
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trvstnr's right, tiile,. 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 i�nterest in the Personal Property and Rents..
<br /> THIS DEED OF TRUST, INCLUDWG THE ASSIGIVMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS GIVEN TO SECURE 4A) PAYMENT OF THE INDEBTEQI�lESS AND (�) PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER tFiE IVOTE, TFiE RELATED DOCUME11iTS, AND THIS DEED OF TRUST. THIS
<br /> DEED OF TRUST IS GIVEN AND AGCEPTED ON THE FOLLOWING TERMS:
<br /> TRUSTOR'S REPRESENTATIONS AND WARRAI�ITIES_ Trustor warrants thatt (a) this Deed ofi Trust is executed at
<br /> 3orrower's request and not at tiie requesi of Lender, (b) Trustor has the full pawer, right, and authority to enter inio
<br /> tnis Deed of Trust and to nypothecate the Property; (c3 the provisions of ihis Deed oi Trust do �ot contlict with, o�r
<br /> � result in a default under any agreement or other instrumeni binding upon Trustor and do not result i�n a vi�oiarion of any
<br /> iaw, regulation, court decree or order applicable to Trusior; (d? Trustor has esYablished adequate means of obtaining
<br /> from Borrower an a cpnti�nuing basfs information aboui Borrower's financial condition;. and ;e) Zender F�as made �o
<br /> representation to Trusr_or about Borrower(induding without�imitation the creditworthiness of Borrower).
<br /> TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency"
<br /> law, or any other law which may prevent Lender irom bringing any action� against Trustor, including a claim for
<br /> deficiency to the extent Lender is otherwise entitled to a claim fior deficiency, before or after Lender's commencement
<br /> or completion of any foreclosure action, either judicially or by exercise of a power�f sale.
<br /> PAYMENT AND PERFORMANCE_ Except as otherwise provided in this �eed of T�ust, Borrower shall pay to Lender all
<br /> Indebtedness secured by this Deed of Trust as it becomes d'ue, and Borrower and Trustor shall perform all their
<br /> respective obligations under the Note,this Deed of Trust, and the Related Documents.
<br /> r OSSESS[ON AND MAWTENAN�CE OF THE PROPERTY. Horrower and Trustor agree t}tat Eorrower's and Trustor's
<br /> possession and use of the Property sha[I be govemed by the following provisions:
<br /> �'ossession and lJse, Urtil the�occurrence of an Event ofi Default, Trustor may (1) rermai�n in possession ancf
<br /> control of the Property� "s27 use, operate or manage the Property; anci (3) collect the Ren2s from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs,
<br /> replacements, and main�tenance necessary to preserve its value.
<br /> Compliance With Environmentat Laws_ Trustor represents and warranYs to Lender that: (1) During the period of
<br /> Trustor's ownership of the Property, there has been no use, generation, manufacture, stiorage, 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 zo believe that there has been, except as previously disclosed to and
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