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<br /> WHEN RECORDED MAIL T0:
<br /> Equitable Bank
<br /> Diers Aven�e Branch
<br /> PO Box 't 60
<br /> Grand Island I1EE 68802-0160 faR R�CgRDER'S USE ONLY
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shal[ not exceed at any one time $8�,000.00.
<br /> THIS DEED OF TRUS7 is clated June 24, 2014, among WILLIAM G HQHLEN, whose address is
<br /> 15525 S BU�FALO RD, DONIPHAN, IVE 6$832 and KEI.LY HOHLEN, wf�ose acldress is 1552�v
<br /> S BUFFALO RD, DONIPHAN, IVE 68832; HUSBAND AlVQ WIF� ("Trustor"); Equitable Bank,
<br /> whase address is Diers A�enue Sranch, PO Box 160, Grand Island, NE 68802-0160 treferred
<br /> to belaw sometimes as "Lender" and sometimes as "Seneficiary"}; and Equitable Bank (Grand
<br /> IsIand F�egian), whose address is 113-1'I5 N Locust St; PO Box 160, Grand island, NE
<br /> 68$02-0160 (referred ta below as "Trustee"].
<br /> CONVEYANCE AND GRANT. For �a1�a61e consideration, Trustor conveys to Trustee in trust, W[TH POWER OF SALE,
<br /> for the benefit of LenHer as Beneficiary, all of Trustor's right, title, and interest in and to the €ollowing described real
<br /> property, together with alf exis'Eing or subsequently erected or a�Ffixed buildings, improvements and fixtures; al]
<br /> easements, rights of way, and appurtenances; a€I 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 rr�inerals, oi[, gas, geothermal anc€ similar matters, {the "Real PrOperty"] Iocated in HALL
<br /> County, S#ate of Nebraska:
<br /> LOT 1, F{ B ACRES SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> The Real Proper#y or its address is comrnonly known as 15525 S BUFFALO RD, DONIPWAN,
<br /> IVE 6$832. The Real Property tax identification number is 40049538Q.
<br /> REVOLVINC� LINE OF CFiED[7. This Deetf of Trust secures the Indebtedness inelucling, without limrtation, a re�o[vireg
<br /> line of credit, which obligates Lender ta make advances to Borrower so long as Borrvwer complies with al[the terms af
<br /> the CrecEit Agreement. Such ad�ances may be made, repaid, and remade from time to time, subjecY to the lirrtitation
<br /> that the tota[ outstanding 6alance owing at any one time, not including finance charges on such bafance at a fixed or
<br /> variable rafie or sum as provided in the Credit Agreerrte�t, any temporary overages, other charges, a�d any amounts
<br /> expended or ad�anced as provided in either the Indebtedness paragraph or this paragraph, sE�all not exceed the Credit
<br /> Limit as pro�ided in the Credit Agreement. it is the intention af 7rus#or and Lender that this Deed of Trust secures the
<br /> balance outstanding t�nder the Credit Agreement from time to time from zero up to the Gredit Limit as provided in the
<br /> Credit Agreement and any intermediaYe balance.
<br /> Trustor presenily assigr�s to Lender [also known as Beneficiary in this �]eed of Trust} all of Trustor's right, title, and
<br /> interest in and to all present and future leases of the Property and al] Rents from the Property. In addition, Trustor
<br /> grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
<br /> THlS bEEQ OF TRUST, INCLLl�iNG THE ASS[GNME[�IT O�RENTS AND THE SECUR[TY If1[TEREST 1N THE RENTS AND
<br /> PER50NAL PROPERTY, IS GNEN TO SECURE (A} ppYlVl�f�[T OF THE lNDESTEDNESS AND (B] PEl�FORNlANCE OF
<br /> �ACH OF TRUSTOR`5 AGREE{UIEIV7S AND OSL1CyATIQl1[S UNDER THE CRED[T AGREEMENT, THE RELA`fE[]
<br /> DOCUMENTS, AND TH[S DE�p O� TRUST. 7H[S DEED OF TRUST IS G1VEN AND ACC�PTED ON THE F�LLOWING
<br /> �ERMS:
<br /> TRI3STOR'S REPRESE[�TATIDNS AI�� WARRAN7IES. Trustor warrants that= [a] this Deec{ of Trust is executed at
<br /> Borrower's request and not at the request o�F Lender; fb} Trustor has the full power, right, and authority to enter into
<br /> this Deed of Trust and to hypothacate the Property; {c) ihe provisions of this Deed of Trust do not conflict with, or
<br /> resuit in a default under any agreement or other instrument binding upon Trustor and do not result in a violation of any
<br /> law, regulation, court decree or order app[icable to Trustor; (d) Trustor has established adequate means of obtaining
<br /> from Borrower on a contifluing basis information about Borrower's financial condition; and {e} Lender has made no
<br /> representation to Trustor about Borrower(including without limitation the creditworYhiness of Borrower}.
<br /> TRUSTdR'S WAEVERS. Trustor waives a[I rights or defenses arising by reason of any "ane action" or "anti-deficiency"
<br /> law, or any other faw which may prevent Lender from bringing any action against Trustor, including a clairn for
<br /> deficiency to the extent Lender is otherwise entitled to a daim for de�iciency, befiore or after Lender`s commer�cement
<br /> or completion of any foreclosuse action, either judicially or by exercise of a power of sale.
<br /> PAYMEf�T AND PERFpRMANC�. E�ccept as otherwise provided in this Deed of Trust, Borrower sha[I pay to Lender al!
<br /> Indebtedness secured by this Qeed of Trust as it becomes due, and Borrower and Tr�stor shall perform a[I their
<br /> respective obligations under the Credit Agreement,this Deed of Trust, and the Related Documents.
<br /> P05SESSION AND MAINTENANCE OF TH� PROPERTY. Borrower ancf Trustor agree Yhat Borrawer'S and Trustor's
<br /> possession and use of the Property shall be governed by the following pro�isions:
<br /> Ppssession and Use. Until the occurrence of an EvenY of Default, Trus€ar may (1] remain in possession and
<br /> control of the Property; [2I use, operate or manage the Property; and {3] coflect the Rents from the Property.
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