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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> North Locust Branch
<br /> 113-115 N Locust St
<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 $4,000.00.1
<br /> THIS DEED OF TRUST is dated August 6, 2013, among DENNIS L LYONS, whose address is
<br /> 1303 W DIVISION ST, GRAND ISLAND, NE 688015739 and DEBORAH L LYONS, whose
<br /> address is 1303 W DIVISION ST, GRAND ISLAND, NE 688015739 ("Trustor"); Equitable
<br /> Bank, whose address is North Locust Branch, 113-115 N Locust St, PO Box 160, Grand Island,
<br /> NE 68802-0160 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br /> and 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 /> LOT ONE (1), BLOCK THREE (3), ELM PLACE ADDITION TO THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA AND ITS COMPLEMENT DESCRIBED AS FOLLOWS:
<br /> A TRIANGLE PIECE OF GROUND IN THE SOUTHWEST CORNER OF LOT TWELVE (12), IN
<br /> THE COUNTY SUBDIVISION OF THE SOUTHEAST QUARTER OF THE SOUTHWEST
<br /> QUARTER (SE1/4SW1/4) OF SECTION SIXTEEN (16), IN TOWNSHIP ELEVEN (11) NORTH,
<br /> RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA DESCRIBED AS
<br /> FOLLOWS: COMMENCING AT THE IRON PIN IN THE SW CORNER OF SAID LOT 12,
<br /> THENCE RUNNING NORTH ALONG THE WEST SIDE OF SAID LOT 16.7 FEET; THENCE
<br /> SOUTH ON A LINE PARALLEL WITH THE WEST LINE OF BLOCK 3, IN ELM PLACE
<br /> ADDITION, 19.2 FEET TO THE SOUTH SIDE OF SAID LOT 12; THENCE WEST, 9.5 FEET
<br /> ALONG SAID SOUTH LINE TO THE POINT OF BEGINNING, BEING A RIGHT ANGLE WITH A
<br /> BASE 19.2 FEET.
<br /> The Real Property or its address is commonly known as 1303 W DIVISION ST, GRAND
<br /> ISLAND, NE 688015739. The Real Property tax identification number is 40012804.
<br /> REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving
<br /> line of credit,which obligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the
<br /> Credit Agreement. Such advances may be made, repaid, and remade 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 balance at a fixed or
<br /> variable rate 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 paragraph or this paragraph, shall 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 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 intermediate balance.
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of 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 /> 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
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