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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 9 60
<br /> Grand Island.NE 68802-0160 FOR RECORDER"S USE ONLY
<br /> DEED OF TRIJSI"
<br /> MAXIMUM LIEN. The lien of thes Deed of Trust shall not exceed at any one teme $125,000.00.
<br /> THIS DEED OF TRUST is dated October 20, 2012. among TERRY L MEIER, whose address is
<br /> 3272 MAGNOLIA CT, GRAND ISLAND, NE 68803 and CAROL L MEIER, whose address is
<br /> 3272 MAGNOLIA CT, GRAIVD ISLAND, NE 68803; HUSBAND AND WIFE, AS JOINT
<br /> TENANTS WITH �tIGHT OF SURVIVORSHIP AND NOT AS TENANTS i1V COMMON ("Trustor");
<br /> Equitable Bank. whose address is Diers Avenue �ranch, PO Box 160, Grand Island, NE
<br /> 68802-0760 (referred to below sometimes as "Lencler" and sometimes as "Beneficiary"); and
<br /> Equitable Bank (Grand Island Region), whose address is 7 13-7 7 5 N Locust St; PO Box 7 60,
<br /> Grand Island, NE 68802-0160 (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 of Trustor's right, tiUe, and interest in and to the following described real
<br /> property, iogether with all existing or subsequently erected or affixed buildings, improvements and fi�ctures; all
<br /> easements, rights 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, including without
<br /> limitation all minerals; oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br /> County, State of Nebraska:
<br /> LOT EIGHT (8}, BLOCK ONE (7), COLONIAL ES�"ATES 1OTH SUBDIVISION IN THE CLTY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 3212 MAGNOLIA CT, GRAND
<br /> ISLAND, iVE 68803_ The Real Property tax identification number is 400350289.
<br /> REVOLVING LINE OF CREDIT. This Deed of Trust secures the IndebYedness induding. without limitation, a revolving
<br /> line of credit,which obligates Lender to make advances to Trustor so long as Trustor complies wiYh all the terms of the
<br /> Credit Agreement_ Such advances may be made. repaid, and remade from time to time. subject to the limitation that
<br /> the total outstanding balance owing at any one time, noY including finance charges on such balance at a fixed or
<br /> variable rate or sum as provided in the Credit Agreement. any temporary overages�, other charges, and any amounts
<br /> expended or adva�ced as provided.in either the Indebtedness paragraph or this paragraph, shalt 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 time 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 Beneficiary in this Deed of Trust) all of Trustor'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, Trustor
<br /> grants to Lender a Uniform Commercial Code security interesi in the Personal Property and Rents.
<br /> THIS DEED OF TRUST, INCWDING THE ASSIGNMENT OF RENTS AND THE SECURITY IRITEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS GIVEIV TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) 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 FOLLOWWG
<br /> TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br /> amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br /> Trustor's obligations under the Credit Agreement,ihis Deed of Trust,.and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY_ Trustor agrees that Trustor's possession and use of the
<br /> Property shall.be governed by the following provisions:.
<br /> PosSession and Use_ Until the occurrence of an Event of Default, Trustor may ('I) remain 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 pertorm all repairs,
<br /> replacements,and mainienance necessary to preseeve its value.
<br /> Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period ofi
<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 from 2he Prope�rty;
<br /> (2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed io 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, refease or threatened release of any Hazardous Substance
<br /> on, under,. about or firom the Property by any prior owners or occupaMs of the Property, or (c) any ac'[ual or
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