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<br /> WHEN RECORDED MAIL TO:
<br /> Ec{uitable Bank
<br /> Qiers A�enae Branch
<br /> PO Box 7 60
<br /> �rand [sland NE 68802-0160 FOR RECOR�ER'S U5E OIVLY
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceec� at any one #ime �46,440.00.
<br /> TH1S DEEQ OF TRUST is dated February 10, 2015, among ��UG�AS A BERLC�, whose address
<br /> is 4021 Craig Dr, Grand IsEand, NE 688U3 and BARBARA J SERLIE, whose address is 4021
<br /> Craig Dr, Grand Island, NE 68803; HUSBAND & WIFE {"Trustor"}; Equitable Bank, whose
<br /> adcfress is Diers Avenue Branch, PO Box 'I60. Grand 1sIand, N� 68802-0160 (refierred to below
<br /> sometimes as "Lender" and sometimes as "�eneficiary"}; and Equitable BaRk tGrand Island
<br /> Region}, whose address is 113-115 N Locust St; PO Box 16Q, Grand Island, N� 68802-0160
<br /> (referred to beiow as "Trustee"}.
<br /> CONVEYANCE AND GRANT. For valUable consideration, Trustor conveys to Trustee in trust, W17H POWER OF SALE,
<br /> for the beRefit of Lender as Beneficiary, all of Trustor's right, tit[e, and interest in and to the following described rea[
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and ffxtures; a{I
<br /> easements, rights of way, and appurtenances; al] water, water rights and ditch rights (including stock in utiEities with
<br /> ditch or irrigation rights); and all other rights, royalties, and profits relating to the rea[ property, including without
<br /> [imitation ell minerals, oi[, gas, geathermaf and similar matters, (the �Real PYUpeYty�') IOCated irl HaII County,
<br /> Sfiafie of Nebraska:
<br /> LOT FOUR (4), GRAND WEST FOURTH SUBDIVISIQN. iN THE CITY OF GRAND ISLAIVD,
<br /> HALL COUNTY, NEBRASKA
<br /> The l�eal proper#y or its address is commonly lcnown as 4021 Craig Dr, Grand Island, NE
<br /> 68803. The Real Property taac identificafiion number is 400415437.
<br /> i�rustor presently assigns to Lander {also known as Seneficiary in this Deed of Trust} al[ of Trustor's right, title, and
<br /> interest in and to aEl present and future leases of the Properry and all Rents from the Property. In addition, Trustor
<br /> grants to Lender a Uniform Corrsmercial Code security interest in ths Personal Property and Rents.
<br /> TH1S DEED OF TRUST, INCLUDING THE ASSIG[1[MENT QF RENTS AND THE SECURlTY [l1[7EREST 1N THE RENTS AMD
<br /> PER50NAL PROPER7Y. 1S GIVEN TD SECURE (A1 PAYM�N7 OF TH� INDE6TEDNESS AND (B) PERFORfVIANCE QF
<br /> ANY AND ALL OBLIGATIONS UNDER 7HE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. TH15
<br /> DEED OF TRUST[S GIV�[1[AND ACCEPTED 0111 THE FOLLOWING TERMS:
<br /> PAYI11[ENT AND PERFORMANCE. Except as othsrv+rise pro�ided in this Deed of Trust, 7rustor shalE pay to Lender a[I
<br /> amounts secured hy tf�is �eed of�rust as they become due, and shall stricUy and in a t9mely manner perform all of
<br /> �rustor's obligatians vnder the Note,this Deed of Trust, and the Related Doc�ments.
<br /> POSSESSIOR[ AND MAIINTENANCE OF THE PROPERTY. Trustor agrees tF�at TrusYor's possession and use of the
<br /> ProperEy shal] be governed by the fallowing provisions:
<br /> Passession and Use. Until t[�e occurrence of an Event of Default, Trusior may i1} remain in possession and
<br /> cantrol of the ProperCy; [2} use, operate or manage the Property; and f3} co[lect the Rents frorR the Properry.
<br /> Duty to Maintain. Trustor shall maintain the Proper#y in good candition and prorreptfy perform a11 repairs,
<br /> replacements, and maintenance necessary to preserve its va[ue.
<br /> Campliance With En�ironmental Laws. 7rustor represents and warrants to Lender that: il} During the period of
<br /> Trustor's awnership of t}te Property,there has been no use, generation, manufacture, storage,treatrreent, disposa[,
<br /> release or threatened rslease ofi any Hazardous 5ubstance by any person on, under, abo�tt or from the Property;
<br /> [2] Trustor has no knowledge of, or reason to believe that there has been, except as previo�s]y disclosed to and
<br /> acknowledged by Lender in writing, (a) a�y breach or violation of any Enviranmental Laws, (b) any use,
<br /> generation, manufacture, storage, treatrnent, disposal, re[ease ar threatened release of any Hazardous Substance
<br /> on, under, about or firom ihe Property by any prior owners or occupants of the Property, or [c) any actual or
<br /> threetenecf litigation or claims af any kind by any person relating to such matters; anc[ [3} Except as previausly
<br /> discEosed ta and acknowledged by Lender in writing, {a} neitf�er Trustor nor any tenant, contractor, agent or other
<br /> authorized user of the Property shal] use, generate, manufacture, store, treat, dispose of or re[ease any Hazardous
<br /> Substance on, under, abouY or from the Property; and (b) any such activity sha[I be conducted in compliance with
<br /> al[ app[icable federal, state, and local ]aws, regulations and ordinances, including without Gmitation a][
<br /> Environmenta[ Laws. Trustor authorizes Lender anc[ its agents to enter upon xhe Property to make such
<br /> inspactions and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the
<br /> Property with tF�is section of the peed of Trust. Any inspections or tests made by Lender sha[I be for Lender's
<br /> purposes only and shal[ not be construed to create any respansibility or liability on the part of Lender to Trustor or
<br /> to any other person. The reprasentations and warranties contained herain are based on Trustor's due diligence in
<br /> investigating the Property for Hazardous Substances. Trusmr hereBy {1) refeases and waives any f�ture claims
<br /> against Lertder for indemnity or contribution in the event Trustor becomes liable for eleanup or oYher costs under
<br />
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