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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 lsland NE 68802-0160 FOR RECORDER'S USE ON�Y
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not'exceed at any one tirr�e $55,000.00.
<br /> THIS DEED OF TRUST is:dated July 2; 2014, among DAVID R BENSON, whose address is 6�0
<br /> Pheasant Rl, Grand Island, NE` 6880'I and SUSAN K BENSON, whose address is 630 Pheasant
<br /> PI, Grand lsland, NE 68801; HUSBAND AND WIFE ("Trustor"); Equitable Bank, whose address
<br /> is North Locust Branch, 113=115 N' Locust St, PO Box.160, Grand Island, NE 68802-01�0
<br /> (referred to belQw sometimes as "Lender" and sometimes as ''Beneficiary"); and Equitable Bank
<br /> (Grand lsland Region), whose address is 1'13-115 N Locust°St; PO Box 160, Grand Island, IVE
<br /> 68802-0160 (referred to below as "'Trustee'`).
<br /> CONVEYANCE AND GRANT.: For valuable consideration, Trustor conveys Yo Trustee in trust, WITH POWER QF SALE,
<br /> for the benefit of Lender as Beneficiary, all of Trustor's'right, ti�tie, and interest in and to the following described real
<br /> property; together with al! 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 (inc9uding 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 TWENTY FNE (25), RAVENWOOD,SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> The Real Property or its address is common(y known as 630 PHEASANT PL, GRAND ISLAND,
<br /> NE 68801. The Real Property tax identification number is 400214539.
<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 anc! all Rents from the Property. In addition, Trustor
<br /> grants to Lender a Uniform Commerciat Code security interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUS�', INCLUDWG'FHE ASS'fGNMENT OF RENTS AND THE'SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS GI.VEN TO SECURE (A) PA`(NiENT OF THE INDEBTEDNESS AND (B} PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RECATED 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 fhe Nofe;'this Deed ot Trust,'and the Relafed Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br /> Property shall be govemed'by the following provisionsi '
<br /> Possession and Use. Until the occurrence of an Event-of Default,:-Trustor maV i1) remain in possession and
<br /> control ofi the Property; (2) use, operate or manage the Property, and (3) coflect the Rents frorrj the Property.
<br /> Duty to Maintain. Trustor shall maintain t�ie Property' ir gootl condition"and promptiy perform al9 repairs,
<br /> repiacements, and maintenance"necessary to preserve its value.
<br /> Compliance With Environmental Laws. Trustor represents and wa:rrants to Lender that: (1} During the period of
<br /> Trustor's ownership of the Property, there has been no use, generation, manufiacture, storage, treatment, disposal,
<br /> release or threatened release ofi any Hazardous 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 dfsclosed to and
<br /> acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br /> generation, manufacture, storage, treatment,.disposal;,release or threatened release of any Hazardous Substance
<br /> on,,under, about or from the Property:by any pTior.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) Except as previo�asly
<br /> disclosed to and acknowledged by Lende�in writing; (a? neither Trustor nor any tenant, contractor, agent or other
<br /> authorizeci user of the P�operty shall use, generafe; manufacture, store, treat, ciispose of or release any Hazardous
<br /> Substance on, under,about or from the'Property;and (b? any such activity shall be conducteci in compGanee with
<br /> ail `applicable federal, :state, and local laws: regulatjons and ordinances, including without limitation all
<br /> Environmental Laws, Trustor authorizes Lender and its agents to enter upon ti�e Property to make such
<br /> inspections and tests, at Trustor's expense, asl Lender may cieem appropriate to determine compliance of the
<br /> Property with this section of the Deed ofi Trust.-Any inspections or tests made by Lender shail be for LendeP`s
<br /> purposes.only and shall not be construed to create any,responsibility or liability on the part of Lender to Trustor or
<br /> to any other person. The representations and warranties contained herein are based on Trustor's due diligence in
<br /> investigating the Property for Hazardous Substances. Trustor hereby (1) releases and waives any future claims
<br /> against Lender for indemnity or.contribution in the event Trustor becomes liable for cleanup or other costs under
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