|
m
<br /> � � N n� �
<br /> m"' � �cD m
<br /> ; � n� � � �m N m
<br /> o �o � , D �O o 0
<br /> cn On p C �� � cDi�
<br /> N � G�D 0 N 2 W (}� z
<br /> � � D W (n
<br /> m� p D rcDn N c
<br /> � �� � � � �
<br /> O o p � z
<br /> � � �
<br /> � Z
<br /> O
<br /> WH�N R�CORDED MACL 70:
<br /> Equitable Bank
<br /> Aiers A�enUe Branch
<br /> PO Sox 9 60
<br /> Grand Island,NE 68802-0164 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> � MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed a# any one#ime �120,700.00.
<br /> TH[S DEE� OF TRUST is datec� Aug�st 25, 2Q14, among DENNY JOE WATKINS, whose
<br /> address is 320 PONDEFtOSA DR, GRAND iSLAND, NE 68803 and BONEITA P WATKINS,
<br /> whose address is 320 PONDEROSA DR, GRAND 1SLAND, NE 688039648; HUSBAND AND
<br /> WIFE ("Trustor"�, Equitable Bank, whose address is Diers Avenue Sranch, PQ Box 160, Grand
<br /> Island, NE GSS02-0160 (referred to below sometimes as "'Lender" and sometimes as
<br /> "Beneficiary"}; and Equitable Bank [Grand [sland Regian), whose address is 1'I3-1Z5 N Locust
<br /> St; PO Box 160, Grar�d 1sIand, NE fi8802-016Q [referred to below as "Trustee"].
<br /> CONVEYANCE AND GRANT. For�al�ahle cansideration, Trustor conveys#o Trustee in trust, WITH POWER OF SALE,
<br /> for the benefit of Lender as Beneficiary, al] of Trustor's right, title, and interest in and to the following described real
<br /> prapert}r, #ogether with a!I existing or subsequent[y erected or af€ixed builcfings, impro�ements and fixtures; all
<br /> easements, rights of way, and appurtenances; a[I water, water rights and ditch rights {inoluding stock in utilities with
<br /> ditch or irrigation rights]; and all o#her rights, royalties, and profits relating to the rea[ property, incEuding without
<br /> limi#atian a[I minerafs, oil, gas, geothermal and similar matters, (t�1e "R�21 Property") located in HALL
<br /> County, 5tate of Nebraska:
<br /> LOT SEVEN {7}, IN BLOCK ONE (1}, PONDEROSA LAKE ESTATES FOURTH SUBDIVISION,
<br /> AN AD�1T[ON TO TH� CITY OF GRAND 15LAND, HAL� COUNTY, NEBRASKA.
<br /> The Real Property or its address is commonly known as 320 PONDEROSA DR, GRAND
<br /> ISl.AN�, N� 68803. The Real Property ta�c identification number is �D0384310.
<br /> REVOLVIN� LINS OF CREQIT. This �eed of Tr�st secures the ]ndebtedness including, without limitation, a revo[rring
<br /> line of credit, which obligates Lender xo make advances ta Trustor so long as'�rustor comp[ies with all the terms of the
<br /> Credit Agreement. 5uch advances may 6e made, repaid, and remade from time to time, subject to the limitatian that
<br /> the total outstanding balance ow9ng at any ane time, not including finanoe charges on seach balance at a fuced or
<br /> variable rate or sum as provided in the Credit AgreerrEent, any temporary overages, other eharges, and any amounts
<br /> expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit
<br /> Limit es pro�ided in the Credit Agreement. It is the irrtemion of Trustar and Lender that this Deed of Trust secures the
<br /> balance outstanding under the Credit Agreemerrt frvm #ime to time from zero �p to the Credit Limit as prvvided in the
<br /> Credit Agreement and any irrtermediate 6alance.
<br /> Trustor presently assigns to Lenc{er (also knawn as Beneficiary in this �eed of Trust} a][ of Trustor's right, title, and
<br /> interest in and to a1l presestt and future [eases of the Property and al1 Rents from the Property. In addition, Trustor
<br /> grants to Lender a Uniform Commercial Code seeurity interest in the Persona] Property and Rents.
<br /> THIS DEED OF TRUST, INCLUDIfVG THE ASSfGNME[1[T OF RENTS AND THE SECUR[TY 111[TEREST 1N THE RENTS AND
<br /> PERSONAL PROPERTY, 1S G[VE11f TO SECURE (A] PAYIVIEl1[T OF THE INDESTEDNESS AND (6) PERFORMANCE O�
<br /> EACH OF TRUSTOR'S AGR�EMENTS AND OBLlGATIO[�S UNDER THE GRED[T AGFiEEMENT, �HE RELATED
<br /> DOCUMENTS, AND THtS UEED OF TRUST. THfS DEED OF TRUST 15 G1VEN AND ACCEPTED ON �HE FOLLOWING
<br /> TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in #his Deed of Trust, Trustor shall pay to Lender alE
<br /> amounts secured by this Deed of Trust as they become d�e, and sha11 strictly and in a t9mely manner perform aEl of
<br /> Trustor's o�ligations under the Credit AgreemenE,this Deed of-frust, and the Related Doeuments.
<br /> P05SESSION ANb MAINTENANCE OF THE PROPEI?TY. Trustor agrees that Trustor`s possession and use of the
<br /> Praperty shall be governed 6y the fol[owing provisions:
<br /> Possessian and Use. UnYi] the occurrence of an Event of �efa�lt, Trustar may (1) remain in possession and
<br /> contral of the Property; [2] use, operaie or manage the Property; and ;3� collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shaEl maintain the Properry in good condition and promptly perform all repairs,
<br /> replacements, and maintenance necessary to preser�e its value.
<br /> Complianca With Environmerrtal Laws. Trustor represents and warrants to Lender thaE: f1] Quring tha period of
<br /> Trustor's ownership of the Property, there has been no �se, generation, manufacture,storage, treatment, disposal,
<br /> release or threatened release of eny Hazardous Substance by any person on, under, about or from the Property;
<br /> [2� Trustor has no knowledge of, or reasan to beEieve that there [�as been, except as previously disclosed to and
<br /> acknow[edged by Lender in writing, {a} any breach or violation of any Environmental Laws, (b} any �[se,
<br /> gsneration, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous 5ubstance
<br /> on, under, about or from the Property by any prior owners or occupants of the Property, or Ic] any actual or
<br /> threatened litigation or claims of any [cind by any person relating to such matters; and (3} Except as previous[y
<br />
|