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<br />This DEED OF TRUST is made as of the 29th day of December. 2005 by and among the
<br />Trustor, Manmohan P. P!ltel and s,1ta,iJ~ M. Patel, Husband l!nd Wife whose mailing
<br />address for purposes of this Deed of Trust is 13.6ILI~tc!;JJ~~~1, PO Box 988. Laramie. WY
<br />82072 (herein, "Trustor", whether one or more), the Trustee, J!:qllitaiJle_.Qank whose mailing
<br />address is 113-115 N. Locu_~LSt.--.GfJUH'--bhul(l, NE{)fHHU (herein "Trustee"), and the Beneficiary,
<br />Equitable Bank, whose mailing address is, POBox 160, Grand Island, NE 68802 (herein
<br />"Lender").
<br />
<br />FOR VALUABLE CONSIDERA nON, including Lender's extension of credit identified
<br />herein to MaQmQhan P.Patcl and Shaila M. l)atel, Husband and Wife (herein
<br />"Borrower", whether one or more), and the trust herein created, the receipt of which is hereby
<br />acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee,
<br />IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and
<br />subject to the terms and conditions hereinafter set lorth, legally described as follows:
<br />
<br />Lot Five (5), Richmond Fourth Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska.
<br />
<br />which has the address of 3520 Arlington Cir. (Street) Grand Island (City), Nebraska 68803
<br />(Zip Code) ("Property Address");
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, casements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and prolits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to,
<br />heating and cooling equipment and together with the homestead or marital interests, if any,
<br />which interests are hereby released and waived, all of which, including replacements and
<br />additions thereto, is hereby declared to be a putt of the real estate secured by the lien of this
<br />Deed of Trust and all ol'the foregoing being referred to herein as the "Property".
<br />
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by a Promiss!!rYJ~:.9.t.~~_.___ dated 12/29/2005, having a maturity date of 01/01/2011, in
<br />the original principal amount of pnl;___IIultdred Thousanll._.!lnd No/I00 Qolb~H
<br />($100,000.00), and any and all modifications, extensions and renewals thereof or thereto and
<br />any and all future advances and readvances to Borrower (or any of them if more than one)
<br />hereunder pursuant to one or more promissory notes or credit arrangements (herein called
<br />"Note"); (b) the payment of other sums advanced by Lender to protect the security of the
<br />Note; (c) the perlonnance of all covenants and agreements of Trustor set forth herein; and (d)
<br />all present and future indebtedness and obligations of Borrower (or any of them if more than
<br />one) to Lender whether direct, indirect, absolute or contingent and whether arising by note,
<br />guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other
<br />documents that secure the Note or otherwise executed in connection therewith, including
<br />without limitation guarantees, security agreements and assigrunents of leases and rents, shall
<br />be referred to herein as the "Loan Instruments".
<br />
<br />TRUSTOR COVENANTS ANI> AGREES WITH LENDER AS FOLLOWS:
<br />
<br />1) PaymellLpf Indebtednefls,. All indebtedness secured hereby shall be paid when due.
<br />
<br />doeR
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