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<br /> WMEN RECORD�.b MAlL TO:
<br /> First National Bank of Omaha
<br /> Cyrand Island 6ranch
<br /> 810 A11en Dr
<br /> Grand fsland, NE 68803 FOR R�CORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The iien of this Deed af Trust shalf not exceed afi any one time S 142,00�.00.
<br /> THlS D�ED OF TRUST is dated July 1, 2014, among Keith P. Espeland and Jodi A. �speland;
<br /> as Hust�and and Wife {"Trustor"}; First Natianal Banlc of Omaha, whose address is Granc3 Island
<br /> Branch, 810 Allen Dr. Grand Island, NE 68803 {referred to below sometimes as "Lender" and
<br /> sornetimes as "Benefiiciary"]; and {referred to befovu as "Trustee""}.
<br /> CONVEYANCE AND GRANT. For�aluable consideration, Trustor conveys to Trustee in trus#. WI7H POWER OF SALE.
<br /> for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the foflowing descrihed real
<br /> praperty, together with afl existing or subsequentfy erected or a#fixed buildings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances; all water, water rights and ditch rights fincluding stock in utilities with
<br /> ditch or irrigation rightsl; and all other rights, royalties, and profits relating to the real property, ineluding without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, [the "Real PI'0�3��'ty"} 1oc�#ed in Hall County,
<br /> 5tate o# Nebraslca:
<br /> Lot One {1), J Clark 5ubdi�ison, in the City of Grand �sland, Hal! County, Nebraska
<br /> 7he Real Property or its address is cpmmonly known as 1710 S. Warrison St., Grand lsland, NE
<br /> 68803.
<br /> Trustor presently assigns to Lender (also known as Beneficiary in lhis Deed of Trust� all of 7rustor's right, title, and
<br /> interest in and to all present ancf future leas�s of the Proper#y and a31 Rents from the Property. ln addition, Trustor
<br /> grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
<br /> THIS DEED O�7RU5T, INCLUDING THE ASSIGNMENT OF RENTS ANp 7H�SECURITY 1NTEREST IIV THE RENTS ,4ND
<br /> PERSONAL PROPERTY, 15 GIVEN TO SECURE {A1 PAYM�N7 OF THE INDESTEDNESS AND (B) PERFdRMANCE OF
<br /> ANY AND ALL OBLfGATIONS UN��R 7H� NOTE, THE F�ELATED DOCUMENTS, AND TH45 DEED QF TRUS7. 7HIS
<br /> DEED OF TRUST IS GIVEN AIVD ACCEPTED ON THE�OLLaWING TERMS:
<br /> TRU5TDR'S R@PRESENTATIONS AND WARRANTIES. Trustor warrants that: {a► this Deed of Trust is executed at
<br /> Borrower's request and not ac the request ofi Lender, fbl Trustor has the full power, right, and authority to enter into
<br /> this Deed of Trust and to hypochecate the Property; [c� the provisions of this Deed of Trust do not conflict with, or
<br /> result in a default under any agreement ar other instrument binding upon Trustor and do not result in a violation of any
<br /> law, regulation, court decree or order applicable to Trustor; {d} Trustar has es#ablished adequate means of obtaining
<br /> from Borrower vn a continuing basis information about Borrower's financial condition; and {e} Lender has made no
<br /> representation to Trustor abaut Borrower (including without limitation the creditworthiness of 8orrower}.
<br /> TRUSi'OR'S WAtVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency"
<br /> law, or any other law which may prevent Lendar frnm bringing any action against Trustar, including a claim fvr
<br /> deficiency to Che extent Lender is otherwise entitled to a claim for deficiency, befiore or after Lender's commencemen#
<br /> or completion of any foreclosure action, either judicially or by exercise of a power of sale.
<br /> PAYMEN7 AND PERFORMANCE, Except as oCherwise provided in this Deed of Trust, Borrower shall pay to Lender all
<br /> ]ndebtedness secured by this Deed ofi Trust as it becomes due, and Borrower and Trustor shall perfarm a11 their
<br /> respeotive ohligations under the Note, this �eed of Trust, and the �telated Documents.
<br /> POSSESSION AND MAIN7ENANCE OF THE PROP�RTY. Borrower and Trustor agree that Borrower's and Trustor's
<br /> possession and use of the Proper#y shall be governed by the following provisions:
<br /> Posssssion and Uss. Until the occurrence of an Event of Defiault, Trustor may (1} remain in possession and
<br /> control of the ProperYy; 12} use, operate or manage the Property; and (3) collect th� Rents from the Praperty.
<br /> Duty to Mainta9n. Trustor shall maintain the Property in tenantable condiYion and promptly perfarm a!I repairs,
<br /> replacements, and maintenance necessary to preserve its value.
<br /> Cpmplianca With Environmantal Laws. Trustor represents and warrants to iender that: (1) During the period of
<br /> Trustor's ownership of Che Property, there has been no use, generation, manufacture, storage, treatment, disposal,
<br /> release or threatened release of any Hazardous 5ubstance 6y any persan on, under, about or from the Praperty;
<br /> {2} Trustor has no knowledge of, or reason io believe that there has been, excep# as previously disclosed to and
<br /> acknowledged by Lender in writing, {a} any breach or violation of any En�ironmental Lews, [b) any use,
<br /> generatior�, manufacture, storage, treatment, disposal, releasa or threatened release of any i-lazardous Substance
<br /> an, 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] �xcept as pre�iously
<br /> disclosed ta and acknowledged by Lender�n writing, (a) neither Trustor nor any tenant, contractor, agent or other
<br /> authorized user of the Property shall use, generate, manufacture, s#ore, treat, dispose of or release any Hazardous
<br /> 5ubstance on, under, about ar from the Property; and {6) any such activity shall be conducted in compliance with
<br /> all applicable federal, staYe, and loca! laws, regulations and ordinances, including without limitation all
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