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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 160
<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 $14,086.00.
<br /> THIS DEED OF TRUST is dated June 20, 2013, among RICHARD J RUSSELL, whose address is
<br /> 1718 S SHADY BEND RD, GRAND ISLAND, NE 68801; AN UNMARRIED PERSON ("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 "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 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 without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br /> County, State of Nebraska:
<br /> A TRACT OF LAND COMPRISING PART OF THE EAST HALF OF THE SOUTHEAST
<br /> QUARTER (E1/2 S1/4) OF SECTION TWENTY THREE (23), TOWNSHIP ELEVEN (11)
<br /> NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, AND
<br /> MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST
<br /> CORNER OF THE SAID SOUTH HALF OF THE SOUTHEAST QUARTER; THENCE RUNNING
<br /> SOUTHERLY ALONG THE EAST LINE OF SAID SOUTH HALF OF THE SOUTHEAST
<br /> QUARTER, A DISTANCE OF 530.0 FEET; THENCE RUNNING WESTERLY AND PARALLEL
<br /> TO THE NORTH LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER, A DISTANCE
<br /> OF 435.6 FEET; THENCE RUNNING NORTHERLY AND PARALLEL TO THE EAST LINE OF
<br /> SAID SOUTH HALF OF THE SOUTHEAST QUARTER. A DISTANCE OF 530.0 FEET TO A
<br /> POINT ON THE NORTH LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER;
<br /> THENCE RUNNING EASTERLY ALONG THE NORTH LINE OF SAID SOUTH HALF OF THE
<br /> SOUTHEAST QUARTER, A DISTANCE OF 435.6 FEET TO THE POINT OF BEGINNING,
<br /> SUBJECT TO ROADS, EASEMENTS, TAXES, LIENS AND RESTRICTIONS OF RECORD.
<br /> The Real Property or its address is commonly known as 1718 S SHADY BEND RD, GRAND
<br /> ISLAND, NE 68801. The Real Property tax identification number is 400207192_
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all or Trustor'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 IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS GIVEN 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 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 Note,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 /> control of the Property; (2) 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 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 I lazardous 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
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