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<br /> WHEN fiECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 7 60
<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 5332,000.00.
<br /> THIS DEED OF TRUST is dated December 21, 20'12, among ROBERT D RASMUSSEN, whose
<br /> address is 2102 DANA LN, PAPILLION, NE 65733 and CHARLA R RASMUSSEN, whose
<br /> address is 2902 DANA LN, PAPILLION, NE 68733; HUSBAND AND WIFE ("Trustor"),
<br /> Equitable Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE
<br /> 68802-0760 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br /> Equitable Bank (Grand Island Region), whose address is 1 7 3-1 15 N Locust St; PO Box 7 60,
<br /> Grand Island, NE 688Q2-O'160 (referred to below as "Trustee").
<br /> CONVEYAN�CE AND GRANT. For valuable consideration,Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br /> for the benefit of Lender as Benefociary, all of TrusYor's right, title, and interest in and to the following described real
<br /> property, together with all exisYing or subsequently erected or affixed buildings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances; all water, water rights and ditcn rignts (including stock in utilities with
<br /> ditch or irrigation rights); and aIl other rights, royalties, and 'profits relating to the real property, including without
<br /> limitation all mine�als, oil, gas, geotnermal and similar matters, (the "Real PrOp6Yty�') IOCatBd i�l HALL
<br /> County, State of Nebraska:
<br /> LOT THREE (3), WESTWOOD PARK EIGHTH SUBDIVISION, IN THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 4118 FLEETWOOD RD, GRAND
<br /> ISLAND. NE 68133. The Real Property tax identification number is 400420430_
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trusior'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 interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST W THE RENTS AN�D
<br /> PERSONAL PROPERTY, lS GNEN TO SECURE (A) PAYMENT OF 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 /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of T�ust, 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 Note,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 shalJ be governed by the following provisions: �
<br /> Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remai�n in possession and
<br /> control ofi the Property; (2) use, operete or manage tti.e Property; and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property in good condition and pro:mptly perform all repairs,
<br /> replacements, and maintenance necessary to preserve its value.
<br /> Compliance WiYh Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br /> Trustor's ownership of ihe Property,there has been no use, generetion, manufacture, storage,.treatment, disposal,
<br /> release or threatened release ofi 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, except as previously disclosed to 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, release or threatened release of any Hazardous Substance
<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; and (3) Except as previously
<br /> disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other
<br /> authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous
<br /> Substance on, under, about or from the Property; and (b) any such activity s}iall be conducted in compliance with
<br /> all applicable federal, state, and Iocal laws, regulations and ordinances, including without limitation all
<br /> Environmental Laws. Trusfor authorizes Lender and its agents Yo enter upon the Property to make such
<br /> inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the
<br /> Property wifh this sectio�n of the Deed of Trust. Any inspections or tests made by Lender snall be for Lender's
<br /> purposes only and shall not be construed to create any responsibility or Iia6ility on tne part of Lender to Trustor or
<br /> � to any other person. The representations and warranties contained herein are based on Trustor's due diligence in
<br /> investigating the Property for Hazardous Substances. Trustor hereby (7) releases and waives any fiuture claims
<br /> against Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under
<br />
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