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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> piers A�enpe Brench
<br /> Pd Box 9 60
<br /> Grand Island, f1fE 68802-0160 FOR_RECORDER'S USE ONLY
<br /> DL�ED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall nat exceed at any one time �50,oao.oa.
<br /> THIS DEED OF TRUST is dated February i0, 2015, among €iOBERT A HOF�A, whose address
<br /> is 149 5 W JOHN ST, GRAND 1SL,AND, NE 68501 and LINDA K. HOFFA, whose address is
<br /> 1415 W JOHN 5T, GRAND 1SLAND, NE 6880i6�'t7; HUSBAND & W1FE {"Tr�stor"}; Eq�itable
<br /> Bank, whose address is �iers Avenue Branch, PO Box 1�4, Grand Island, N� 68802-0160
<br /> {referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Equitable Bank
<br /> {Grand Island Region}, whose address is 113-115 N Locust St; PO Box 'i 60, Grand 1sIand, NE
<br /> 688Q2-0160 (referred to below as "Trustee").
<br /> CflNVEYAI�CE Al�� GRANT. For va[uable consideration, 7rustor con�eys to Trustee irt trust. W17H POWER OF SALE,
<br /> for the benefit of Lender as Beneficiary, all af Trustor's righ#, title, and inYerest in and #o the following described rea[
<br /> property, together wiYh all existing or subsequently erected or a#�Fixed buildings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances; al[ water, water rights and ditch rights {including stock in uti[ities witF�
<br /> ditch or irrigation rights}; and alf 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"} IOCated in HALL
<br /> County, State of Nebraska:
<br /> LOT FOUR {4), BL4CK FORTY {40], CHARLES WASMER'S ADDITION TO THE C[TY OF
<br /> GRAND 15LAND, HALL GOUNTY, N�BRASKA.
<br /> The Fieal Property or its address is commoniy knawn as 1475 W JOHN ST, GRAND ISLAND,
<br /> NE 688016617. The Real Property tax identification number is 40U'�fl9956.
<br /> REVOLVING LlNE OF CRE�IT. This Desd of Trust secures the Indebtedness incEuding, withoat limitation, a revolving
<br /> line of credit, which ob[igates Lender#o make advances ta Trustor so long as Trustor eomplies with all the terms of Yhe
<br /> Credit Agreement. Such arlvances may be made, repaid, and remade from time to time, srabject to the limitation that
<br /> the total outstanding balance owing et any one time, nat including finance charges on such bafance at a fixed or
<br /> variabEe rate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts
<br /> expended or advanced as pro�ided in eiYher the Indebtedness paragraph or this paragraph, shall not exceed the Credit
<br /> Limit as provided in Yhe Credit Agreement. ]t is the interrtion of Trustor and ler�der that this Deed of Trust secures the
<br /> balance outstanding under the Credit Agresment frvm time to time from zero up to the Credit Limit as provided in the
<br /> Credit Agreement and any irrtermediate balance.
<br /> Trustor present€y assigns Eo Lender (a[so [cnown as Beneficiary in this Deed of Trvstl afl of Trustor's right, title, and
<br /> interest in and to all present and future ]eases of the Properry and all Rents from the Property. In addition, Trustor
<br /> grants to Le�der a Uniform Commercia[ Code securi€y interest in the Personal Property and Rents.
<br /> THIS DEED QF T'RUST, If�lCLlJQI11[C:THE ASSIGNIVIENT OF FtEI11TS ANQ TI-IE SECURITY 1NT�REST IN THE RENTS AND
<br /> PERSONAL PRQPERTY, IS GIVEH TO SECURE (A} PAYMENT OF TWE fNDEBTEDNESS AND [B] PERFORMAHCE OF
<br /> EACIi OF TRl3STOR'S AGREEMEl1[TS AND OBLIGATI4{V5 UNDER THE CFiE�IT AGREEMENT, THE RELATED
<br /> DOCEJMENTS, ANb THIS DEED QF TRUST. THIS DEEI] OF TRLIST IS GiVEN AIVD ACCEPTED Qh[ THE FOLLflWING
<br /> TERMS:
<br /> PAYMENT ANQ PERFORMANC�. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br /> amounts secured by Fhis Deed of Trust as they become due, and shall strictly ancf in a timely manner perform all of
<br /> Trustor's obligations under the Credit Agreement,this Deed of Trust, and the Related Documents.
<br /> PQSSESSIDN ANd MAINTENANCE OF THE PROP�RTY. Trustor agrees that Trustor's possession and use of the
<br /> Property sha11 be govemed 6y the following provisions=
<br /> Possession and Use. Until the occurrence of an Evant of Defavlt, Trustor may f1] remain in possession and
<br /> controf of Yhe Propar[y; {2} use, aperate or�nanage the Property; and {3} collect the Rents firom the Properry.
<br /> D�tty to Maintai�. Trustor shal] ;naintain the Property in good condition and prorrtptiy perForm a11 repairs,
<br /> replaceme�tts, and maintenance necessary to preserve its value.
<br /> Compliance With Envirnnrrtental Laws: Trustor represents and warranYs Yo Lender that: [1} During the period of
<br /> Trustor's ownership of the Property, there has been no use, generation, manu#acture, storage,treatrrEent, disposa[,
<br /> refease or threatened release of any Hazardous Su6stance by any persort on, under, abo�t or from the Properry;
<br /> (2} 7rustor has no knowledge of, or reason to believe thaf there has 6een, except as previously disclosed io and
<br /> acknowledged by Lender in writing, (a) any 6reac[� or violation of any Environmental Laws, Ib) ar�y use,
<br /> generatian, manufacture, starage, treaiment, disposal, release or threatened release of any Hazardous Substance
<br /> on, under, about or from the Property by any prior owners or occupants of tf�e Property, or (c) any acival or
<br /> threatened fitigation or c[aims of any kind 6y any person refating to such matters; and {3} Except as previously
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