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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 760
<br /> Grand Island.NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time$40,000.00.
<br /> THIS DEED OF TRUST is dated November 19, 2012, among JOHNNY P PAPE, whose address
<br /> is 2405 RIVERVIEW DR, GRAND ISLAND, NE 688017430 and PEGGY J PAPE,whose address
<br /> is 2405 RIVERVIEW DR, GRAND ISLAND, NE 688017430; HUSBAND AND WIFE ("Trustor'°):
<br /> Equitable Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE
<br /> 68802-0160 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br /> Equitable Bank (Grand Island Region), whose address is 113-115'N Locust St; PO Box 160,
<br /> Grand Island,NE 68802-0160(referred to below as "Trusfee").
<br /> CONVEYANCE AND GRANT. For valuable consideration,Tmstor conveys to Trustee in trust,WITH POWER OP SALE,
<br /> for the benefit of Lender as Beneficiary,all of Trustor's right,title,and interest in and to the following described real
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and fixturesi all
<br /> easements, rights of way,and appurtenances;all water,water rights and ditch rights (including stock in utilities with
<br /> ditch or irrigaiion 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 PrOpOrty") IOC2tBd in HALL
<br /> Co�nty,State of Nebraska:
<br /> Lot Nineteen {79), Morningside Acres Third Subdivision, in the City of Grand Island, Hall
<br /> County,Nebraska
<br /> The Real Property or its address is commonly known as 2405 RIVERVIEW DR, GRAND
<br /> ISLAND,NE 688017430. The Real Property tax idenfification number is 400449617.
<br /> REVOLVING LWE OF CREDIT. This Deed of Trust secures the lndebtedness including,without limitation,a re�olving
<br /> line of credit,which o6ligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the
<br /> Credit AgreemeM. Such advances may be made,repaid,and remade from time to time,subject to the limitation that
<br /> the total oufstanding 6alance owi.ng at any one time, not including finance charges on such balance at a fixed or
<br /> variahle raie or sum as provided in the Credit Agreement,any temporary overages, other charges, and any amounts
<br /> expended or advanced as provided in either the Indebtedness paragPaph or this par�qraph,shall not exceed the Credit
<br /> Limit as provided in the Credit Agreement.. It is the irr[ention of Trustor and Lender that 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 iMermediate balance.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust) all of Trustor's righY,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 Cotle security interest in tBe Personal Property and Rents.
<br /> THIS DEED OF TRUST,INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY,IS GNEN TO SECURE (A1 PAYMENT OF THE INDEBTEDNESS AND (BI 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 /> 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,this 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 {1) remain in possession and
<br /> controf.of the Property; (2) use,operete or manage the Property;and (3) collect the RenYs from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property in good condition and promptty perform all repairs,
<br /> replacements,and maintenance necessary to preserve its value.
<br /> Compliance With 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 Hazardoos Substance by any person on, under, about or from the Property;
<br /> (2) Trustor has no knowledge of,or reason to believe that there has been,except as previously disclosed to and
<br /> acknowledged by Lender in writing, la) any breach or violation of any Environmental Laws, (b) any use,
<br /> generation, manufacture, storage,treatment,disposal,release or threatened release of any Hazardous Substence
<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; artd (3) 6ccept as previously
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