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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Ban[c
<br /> Diers Avenve Branch
<br /> PO Box 1 fi0
<br /> Grand Islar�d, NE 68802-0'[60 FOR RECORDER'S U5E OiVLY
<br /> DEED OF TRUST
<br /> THIS DEED OF T�iUST is dated January 10, 2014, among MICHAEL C HUTCMINSON and
<br /> WANDA HUTCH1N50N, Trustees of HUTCHINSON FAMILY REVOCABLE TRUST under the
<br /> pro�isions of a trust agreemenfi dated January 70, 2013, whose address is 213 APRICOT LN,
<br /> DONIPHAN, NE 68832; A NEBRASKA TRUST ("Trustor"}; Equitable Bank, whose address is
<br /> Diers Avenue Branch, PO Box 160, Grand Island, NE 68802-0'[60 (referred to below
<br /> sometirr�es as "Lender" and sometimes as "Beneficiary"]; and Equitable Bank {Grand Island
<br /> Region}, whose address is 113-'!15 N Locust St; PO Box 160, Grand lsiand, NE 68802-D160
<br /> (re�ferred to below as "Trustee").
<br /> CONVEYAIVCE AND GRANT. For�aluah[e consideration,Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br /> for the benefiit of Lender as Beneficiary, alE of Trustor's right, title, and interest in and to the foElawing described real
<br /> property, together with a!I existing or subsequently erected or affixed buildings, improvements and €ixtures; all
<br /> easements, rights of way, and appurtenances; all water, water rights and ditch rights {inoEuding stoc[c in utilities with
<br /> ditch or irrigation rightsl; and all other rights, royalties, and profits relating to the rea] proper#y, inc]uding without
<br /> fimitation aEl rr�inera[s, oil, gas, geothermal and similar matters, (the "Real Property"} located in MALL
<br /> County, State of Nebraska:
<br /> LQTS 51XTEEN (16] AND SEVENTEEN {17), LEISURE VALL�Y LAK� SU6DIVISION, HA�L
<br /> COUNTY, NEBRASKA
<br /> The Real Property or its addr�ss is comrnonly known as 213 APRICOT LN, DONIPHAN, NE
<br /> 68832, The Real Property tax identification number is 400234513.
<br /> CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabifities,
<br /> pfus interest thereon, of eitE�er Trustor or Borrower to Lender, or any one or more of them, as well as al! claims by
<br /> Lender against Borrower and Trustor or any one or more of them, whether now existing or hereaiter arising, whether
<br /> related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br /> indirect, determ9ned or undetermined, absolute or contingent, liquidated ar unliquidated, whether Borrower or Yrustor
<br /> may bs 3iab[e individually or jointly with others, whether obligated as guarantor, surety, accommodation party or
<br /> atherwise, and whether recovery upon such amounts may 6e or hereafter may become barred by any statute of
<br /> limitations, and whether the obligation to repay such amounts may be or hereafter may became otherwise
<br /> unenforceable.� [f the Lender 9s required ta give notice of the right to cancel under 7ruth in Lending in cannecTion with
<br /> any additional loans, exiensions of credit and other liabilities or obligations af Trustor to Lender,then this Deed of Trust
<br /> sttall not secure additional loans or obligatians unless ancf until such notice is given.
<br /> FUTURE ADVANCES. In addition to the Note, this Deed af Trust secures all future advar�ces made 6y Lender to
<br /> Borrower or Trustar whether or not the ad�ances are made pursuant to a cammitment. Specifical[y, wit[�out iimitation,
<br /> this Deed of Trust secures, in addition ta the arrtounts specified in the Note, all future amounts Lender in its discretion
<br /> may[oan to Barrower or Tr�stor,togetE�er wRh all interest thereon.
<br /> Trustor present{y assigns Lo Lender {a[so [cnown as Beneficiary in #his Deed of Trust) a[I of Trustor's right, title, and
<br /> interest in and to all present and future leases ofi the Property and all Rents from the Property. In addition, Trustor
<br /> grants to Lender a Uniforrn Commercia[ Code security interest in#he Personal Property and Rents.
<br /> TH[5 DE�b OF TFiUST, INCLUDING THE ASSIGI11MEl1fT OF REIVTS AND THE SECURITY iNTEREST IN THE RENTS AND
<br /> PER50NA1. PRQPERTY, IS �IVEN TO SECURE (A} PAYMEII[T OF THE [l1[DEBTEDII[ESS A[1[D [B) PERFORMANCF OF
<br /> ANY AN� ALL 08L1GAT1Df11S UNDER THE NO7E, THE FtELATED DOCUMEfVTS, AflID THIS DEED OF 7RUST. THIS
<br /> DEED 4F THUST IS GNEN AND ACCEPTED D{V THE FpLL�W[NG TEitMS:
<br /> TFtlJSTOR'S REPRESENTATfONS AND WARRAN7lES. Trustor warrants that: (a} this Deed of Trust is executed at
<br /> Borrower's request and nofi at the request of Lender; {b1 Trustor has the fulf power, right, ancf auihority to enter into
<br /> this Deec[ of Trust and to hypothecate the Property; {c) the provisions of this �eed of Trust do not conffict with, or
<br /> resvlt in a defau[t under any agreement or other instrument binding u�an Trustor and do not result in a violation o�F any
<br /> law, regulation, court decree or order appEicable ta Trustor; ;d} Trustor has establis[�ed adequate means of obtair�ing
<br /> frpm Borrower on a continuing basis infiormation about Borrower's financial condition; and (e) Lender has rr�ade no
<br /> representation to Trustor a6out Borrower (inc]uding without iimitation the creditworthiness of Borrower).
<br /> "fRUSTOR'S WAIVERS. Trustar wai�es afl rights or defenses arising by reason of any "one action" ar "anti-deficiency"
<br /> law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br /> deficiency to t[�e e7<Cent Lender is otherwise entitled to a claim for deficiency, 3�efore or after Lender's commencement
<br /> or Compfetion of any forecfosure action, either judicially or 6y exercise of a power of sale.
<br /> PAYMEA[7 ANd PERFORMANCE. Except as atherwise provided in this Deed of Trust, Bosrower and Trustor shalf pay to
<br /> Ler�der all Indebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shal[ strictly
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