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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 �75,000_00.
<br /> THIS DEED OF TRUST is dated November 28, 2012, among RICHARD L SOK, wFiase address is
<br /> 832 SWEETWOOD DR, GRAND ISLAND, NE 6880331'23 and JOANN A SOK, whose address
<br /> is 832 SWEETWOOD DR, GRAND ISLAIVD, NE 688033123; HUSBAND AND WIFE ("Trustor");
<br /> Equitable Bank, whose address is Diers Avenue Branch, PO Box 760, Grand Island, NE
<br /> 68802-0760 treferred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br /> Equitable Bank (Grand Island Region), whoss address is 1 7 3-1 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, title, and interest in and to the following described real
<br /> property, together wiih alI existing or subsequently erected or affixed bui:ldings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utifities 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,. (th@ �`F�621 PCOpeYty") focated in HALL
<br /> County, State of Nebraska:
<br /> LOT NINE (9), WESTWOOD PAFiK SUBDNIS90N, IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 832 SWEETWOOD DR, GRAND
<br /> ISLAND, NE 688033123.
<br /> REVOLVING LINE OF CREDIT. ThiS Deed of Trust secures t9�e Indebtedness including, without limitation, a revolving
<br /> line ofi credit, which obligates Lender to make advances to Trustor so long as Trustor complies with all the terms of tRe.
<br /> Credit Agreement. Such advances may be made, repaid. and remede from time to time,subject to the limitation that
<br /> the total outstanding balance owing at any one time, not including finance charges on such 6alance at a fixed or
<br /> variable rate or sum as provided in the Credit Agreement, any temporary overages, other cMarges, and any amounts
<br /> expended or advanced as provided in either the Indebtedness paragraph or this paragraph, stiall not exceed the Credit
<br /> Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender that this Deed of Trust secu�es the
<br /> balance outstanding under the Credit Agreemenf from time to time from zero up to the Credit Limit as provided in the
<br /> Credit Agreement and any intermediate batance.
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's �ight, title, and
<br /> interest in and to all present and fuiure leases of the Property and all Rents from the Property. In additi�on, Trustor
<br /> grants to Lender a Uniform Comrnercial Code security interest in the Personaf Property and Rents.
<br /> THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY fNTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS GNEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMAIVCE 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 ofi Trust, Trustor shall pay io Lender all
<br /> amounts secured by this Deed of Trusi 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 ofi tti.e
<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 /> control of tne Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor snall maintain the Property in good condition and promptly perform all repairs,
<br /> replacements, and maintenance necessary to preserve its value.
<br /> Compliance WitF� Environmental Laws. Trustor tepresents and warrants to Lender ihat: ("I) 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 to believe that there has been, excepi as previously disclosed to and
<br /> acknowledged by Lender in writing, (a) any breach or violation of any Envitonmental Laws, (b) any use,
<br /> generation, manufacture, storage, treatment, disposal, release or tnreatened release of any Hazardous Substance
<br /> on, under, about or from the Property by any prior owners or occupanfs of tne Prope�rty, or (e) any actual or
<br /> threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously
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