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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> North Locust Branch
<br /> 113-115 N Locust St
<br /> PO Box 160
<br /> Grand Island,NE 68802-0960 FOR RECORDER'S USE QNLY
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time$10,700.00.
<br /> THIS DEED OF TRIPST is clated November 13, 2012, among LOIS A HANK, not personally but
<br /> as Trustee on behaff of LOIS HANK LIVING TRUST,whose address is 1124 W 3RD ST,GRAND
<br /> ISLAND, NE 68801 i"Trustor"); Equitable Bank, whose address is North Locust Branch,
<br /> 113-175 !U Locust St, PO Box 160, Grand Islared, NE 68802-0160 (referred to below
<br /> sometimes as "Lender" anci sometimes as "Beneficiary"); and Equitable Bank (Grand Island
<br /> Region), whose address is 113-115 N Locust St; PO Box 760, Grand Island, NE 68802-0160
<br /> (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 henefit of Lender as Bene{iciary,all of Trustor's right,title, and interest in and m ihe following described real
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; 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 witfiout
<br /> limitation alf minerals, oil. gas, geothermal and similar matters, (the "F3eal Property"�) IoC"dfed in HALL
<br /> County,State of Nebraska:
<br /> LOT FIVE 45),BLOCK THIRTEEN {131,IN ARNOLD ANl3 ABBOTT°S ADDITION TO THE CITY
<br /> OF GRAND ISLAND,HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 1124 V1i 3RD ST, GRAND ISLAND, !VE
<br /> 68801. The Real Property tax identification number is 400009366.
<br /> Trustor presenUy assigns to Lender (also known as Beneficiary in this Deed of Trustl all of Trustor s right,title, and
<br /> interest i.n and to all present a�d future leases of the Property and all Rents from the Property. In addition,Trustor
<br /> grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUST,INCLUDWG THE ASSIGNMENT OP RENT$�AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY,IS GNEN TO SECURE lA) PAYMENT OP THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER THE NOTE,THE RELATED DOCUMENTS,AND THIS DEED OF TRUST. THIS �
<br /> DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br /> TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that; (a) this Deed of Trust is executed at
<br /> Bo;rower's request and not at the request of Lender, ia)Trusmr has the full power,righf,and authority to enter into
<br /> tnis Deed of Trust and to hypothecate the Property; tc)the provisions of ihis Deed of Trust do not conflict with, or
<br /> result in a default under any agreement or other instrument bindino qpon Trustor and do not result in a violation o#any
<br /> law, regulation, court deeree or order applicable to Trustor, (d1 Trusmr has established adequate means of obtaining
<br /> from Borrower on a continuing basis informaYion about Borrower's financial condition; and (e) Lender has made no
<br /> representation to Trustor about Borrower lincluding without limitation the creditworthiness of Borrower).
<br /> TRUSTOR'S WANERS. 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 from bringing any action against Trustor, including a claim for
<br /> deficiency to the extent Lender Is otherwise entitled to a daim for deficiency, before or after Lender's commencement
<br /> or completion of any foredosure action,either judicially or by exercise of a power of sale.
<br /> PAYMENT AN�PERFORMANCE. Except as otherwise provided in this Deed of Trust,Borrower shall pay to Lender al!
<br /> Inciebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their
<br /> respecfive obligations under the Note,this Deed of Trust,and the Related Documents.
<br /> POSSE�SION AND NlAINTENANCE OF THE PROPERTY. Borrower and Trustor agree fhat Borrower's and Trustor's
<br /> oossession a�d use of the Property shall be govemed by the following provisions:
<br /> Possession and Use. Untii the occurrence of an EveM of Default, Trustor may (1) remai�n in possession and
<br /> control of the Proper[y; (21 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 /> replacements,and maintenance necessary to preserve its value.
<br /> Compliance With Erevitonmental Laws. Trustor represents and warrants to Lender that (t) 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 from the Property;
<br /> (2) Trustor has no knowledge of,or reason m 6elieve 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; (b1 any use,
<br /> gereratioa, manufacture,storage,treatment,disposal,release o�threatened release of any Hazardous Substance
<br />
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