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<br /> WHEN Ft�CbRbED IVIAiL TC}:
<br /> Equitable Bank
<br /> Diers Avenue Btanch
<br /> Rd Box 760
<br /> Grand Island.NE 68802-0160 FOR RECOBD�ER SE OC+[!Y
<br /> DEED OF TRUST �1�
<br /> V"
<br /> THIS DEED OF TRUSY is dated pecember 14, 20'12, amang WAL��F�I SORENSEN, whose
<br /> address is 4p1 S Alexandrie St, Gairo, t\I� 68824U217 and L/A J SOR�NS�tlI, whose
<br /> address is 4t31 5 A[exandria Sfi, Cairo, NE 688240217; husband and wife ("Tr�stnr");
<br /> Equitable Bank, whose address is Diers Aven�e Branch, Box 160, Cyrand Is[and, NE
<br /> 68802-4160 (referred to below samefPmes as "Lender" a� tirnes as "Beneficiary"); and
<br /> �quitable Bank (Grand Isfanc! Regiqn�, whose addres is '1 115 N Locust 5t; P� Box 160,
<br /> �rand Island,NE 68802-Q160(referred to belnw as "�stee").
<br /> CONVEYQNCE AND CwRANT� For valuable consideration,Trustpl�C eys to Trustee in frust,WITH POWER f)F SALE,
<br /> far Yhe benefit nf Lender as Beneticiarq,aEi of Trustnr's rig �yj and irrtere5t in and to Yhe follnwing described rea[
<br /> property, together with al[ existing or su6sequently er t ar affixed buildings, improvements and fixtures; al[
<br /> easements,rights af way,end appttrtenances;all wat� r righes and ditch rights{includtng stock in crtitfties with
<br /> ditch or irrigation rightsl; and all other righEs, rdya ies, nd profits relating to the re21 property, incl.uding without
<br /> �smitation a�t minerats,oit;gas,geatnerma�and s� r atears,(fhe "Real Properlty"} Iocated in Hall County,
<br /> State of It[ebraska:
<br /> Tract '[: Lots Seventeen (17a and Eightesn (18), in ElocEc 1Vine (9), in the Origina! Touvn of
<br /> Caira, Hall Couniy, Nebrask�
<br /> ARd �
<br /> Tract�: Lots Elev��and Twelve('[2) on Black Seventeen (17}, OriginaE Towri of Cairo,
<br /> F{atl County,Ne�r�
<br /> 1'
<br /> The Real Properi{a�`its address is cammanly known as 3D3 S Hi�h St &401 S AEexandria,
<br /> Cairo, NE 68 �rThe t�eatl Property tax identification nurnber is 4001702�56&4UCi970477.
<br /> CROSS-CQL����LIZATION. Irc addition to the Note,this Deed of Trust secures all obligatians,debts and Eia4ilities,
<br /> plus interest t on,ofi Trustar to Lender„or any�ne�r more of them,as weil as all claims by Cender against Trustor
<br /> or any ona or more of them,whether nnw existing or heres'FCer aris'rng,whether related br unr�lated Yo the purpose of
<br /> the IVate, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undeteernined,
<br /> absolute or contingent, Gquidated nr unliqu'rdated, whether 7rustor may be liable individually or joinYly with others;
<br /> whether ob[igaYed as yuarantor,surety, accommadation party or otherwise,and whether recovery upon such amourrts
<br /> rr�ay be or hereafi�er may 6ecome barred by any statute af limitati�ns,and vfhether the ab[igatio�to repay such amounts
<br /> may be or hereaher may beeome otherwise unenforceable.
<br /> FUTl1RE ADVAPICES. In adcfition fa the Note,this Deed of Trust secures al]future advanees made by Lender to Trustar
<br /> whetF�er or not the advances are made pursuant to a commiirr�ent. Specifically,wiYhout limitatiort,thls Deed of Trust
<br /> secures, in addition ttl th8 2mbunt5 5pecified in the NtlYe, all fUture amtrunY5 Lender irt it5 disCreYinm m�y Ipan tr�
<br /> Trustor�CQgether with all interest thereon.
<br /> Trustor presenily assigns to Lender talso known as BeneficSary in this Deed af Trust) all of Trustor`s right,title, and
<br /> irtterest in and to a11 present and future leases of the Property and al,l Rents from the Property. [n addition,Trustar
<br /> qeants'Co Lender a Unifr�rm Commeecial Code security inteeesi in the Personal Property and ReMs.
<br /> THIS DEED O�TRUST,INCLUCIING 7H�ASStGNMENT OF t�.ENTS ANO TWE SECUFtITY 11dTEREST EN THE RENTS ANd
<br /> PEliSONAL PROPERTY,[S GNEN T4 SECURE {R? PAYMENT OF THE INDEBTED�[E53 A�Ep (g) PEEiFORMANCE pF
<br /> ANY AND Al.L OBLIGRTIONS UNDER SHE NOTE,THE REUITE� DOCUfNENTS,AND THIS DEED OF TRUST. THIS
<br /> �EED OF TRUST 15 t',IVEN AND ACC�t'TEC)Ol�i T'HE F(}LLOWINL",7"�CiMS:
<br /> PAYMENT AND PERFE3RI41ANCE. Except as oThe€v�i[se pravided in fhis Deed of Trusi,Trc�smr shall pay to Lender all
<br /> amaunYs secured by this Dead of Trust as they(�ecorrse due, and shall stric2ly and in a timely menner perform eIC of
<br /> Trustor's obligations under the E�Iote,this�eed of Trust,and the Related Doc�ments.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br /> � Praperty shall be gaverned by ihe fnllowing pravisions:
<br /> Passession and Use. Until the occ�rrence c�fi&n Event of Default,Trustor may 1T} remain in possession and
<br /> control nf the Property; {�� use,�perate or manage the Property;and (3) collect the Rents from the Property.
<br /> Duty to Mai�tain, Trustar shall maintain the Property in fenantable condition and promptly perfarm a[l repa€rs,
<br /> rep[acemenYs,ancl maintenance necessa€y to preserye its value.
<br /> Gompliance With Environmemal Laws. Trustor represents and wa€rants to Lender that: il} Du€ing the period of
<br /> Trustor's ownership of the Ptbperty,fhere has been no use,gerteration,manufaciure,stQrage,treatment,dispnsal,
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