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<br /> WHEN IiECOFiDED MAIL TO_
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 160
<br /> Grand Island,NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> DEED OF TFiUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $70,000_00_
<br /> THIS DEED OF TRUST is dated October 11, 2012, arnong DOUGLAS R SANDERS, whose
<br /> address is 645 MARTLN AVE, GRAiVD 1SLAND, NE 688017808 and LISA A SANDERS, whose
<br /> address is 645 MARTIN AVE, GRAND ISLAND, NE 688017808; HUSBAND AND WI�E
<br /> ("Trustor"); Equitable Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island,
<br /> NE 68802-0'160 (referred to below sometimes as "Lender� and sometimes as "Beneficiary");
<br /> and Equitable Bank (Grand Island Region), whose address is 773-775 N Locust St; PO Box 160,
<br /> Grand Island, NE 65802-0160 (referred to below as "Trustee").
<br /> CONVEYANCE AND GRANT, For vatuable consideration. Trustor conveys to Trustee in trust., WITH POWER O�F SALE,
<br /> for the benefit ofi Lender as Beneficiary. all of Trustor's right, title, and interest in and to the following descri:bed real
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; alI
<br /> easements, rights of way, and appurtenances; all water, water righis and ditch rights (including stock i�n utilities with
<br /> ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including witnout
<br /> limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Pro(2erty°') located in� HALL "
<br /> County, State of Nebraska:
<br /> LOT SEVEN (7), IN MAFiTIN SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASA
<br /> The Real Property or its address is commonly known as 645 MARTIN AVE, GRAND ISLAND,
<br /> NE 6580'17808. The Real Property ta;c identification number is 400060906_
<br /> REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without Iimitation, a revotving
<br /> line of credit.which obligates Lender to make advances to Trustor so long as Trustor complies with aIl the terms of the
<br /> Credit Agreement. Such advances may be made, repaed, and remade from time to time. subject to the limitation that
<br /> the total outstanding balance owing at any one time, not inctuding finance charges on such balance at a fixed or
<br /> variable rate or sum as provided en the Credit Agreement, any temporary overages, other c�arges, and any amounts
<br /> expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit
<br /> Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender thaY this Deed of Trust secures the
<br /> balance outstanding under the Credit Agreement from Yime to time from zero up to the Credit Limit as provided in the
<br /> Credit Agreement and any intermediate balance.
<br /> Trustor presently assigns to Lender (also known as Benefici�ary in this Deed of Trust) all of TrustoPs right, tiUe, and
<br /> interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br /> grants to Lender a Uniform Commercial Code security interesi in the Personal Property and RenYs.
<br /> THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AN.D THE SECURITY WTEREST W THE RENTS AND
<br /> PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND iB) PERFORMANCE OF
<br /> EACH OF TRUSTOR'S AGREEMENTS AND OBLIGATIONS UNDER�. THE CREDIT AGREEMENT, THE RELATED
<br /> DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING
<br /> TERMS:
<br /> PAVMENT AND PERFQRMANCE. Except as otherwise provided in.this Deed of Trust, Trustor shall pay to Lender afl
<br /> amounts secured by this Deed of Trust as they hecome due, and shall strictly and in a timely manner perform all of
<br /> Trustor's obligations under the Credit Agreement,this Deed of Trust, and the Related Documents.
<br /> POSSESSION AND MAINTENANGE OF THE PROPERTY. Trustor agrees that Trustor's possession and use ofi the
<br /> Property shall be governed by the following provisions:
<br /> Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) Pemain in possession and
<br /> control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs,
<br /> repl�acements, and maintenance necessary to preserve its value_ �
<br /> Compliance Witfi Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br /> Trustor's ownership of the Property,there has been no use, generation, manufacture, storage,treatment, disposal,
<br /> � release or threatened release of any Hazardous� Substance by any person on, under, about or fiPom the Property;
<br /> (2) Trustor has no knowledge of, or reason to believe that tnere 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, t�eatinent,. 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 ofi any kind by any person relaiing to such matters; and (3) Except as previously
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