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<br />WHEN RECORDED MAIL TO:
<br />Equitable Bank ~,"",~,' Da.\It. t;cAa,.d.ru'h....
<br />South locust B....ai1ch .
<br />3012 S locust St
<br />PO Box 160
<br />Grand Island, NE 68802-0160
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<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />:5 (g I 50
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $40,000.00.
<br />
<br />THIS DEED OF TRUST is dated January 4, 2007, among ENVIRO-CLEAN CONTRACTORS, INC. ("Trustor");
<br />
<br />Equitable Bank, whose address is South Locust Branch, 3012 S Locust St, PO Box 160. Grand Island, NE
<br />
<br />68802-0160 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Equitable Bank
<br />
<br />(Grand Island Region), whose address is 113-115 N Locust St; PO Box 160, Grand Island, NE 68802-0160
<br />
<br />(referred to below as "Trustee").
<br />
<br />CONVEYANCE AND GRANT. For valuable consideration. Trustor conveys to Trustee in trust. WITH POWER OF SALE, for the benefit of
<br />lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />
<br />County, State of Nebraska:
<br />
<br />THAT PART OF LOTS ONE (1), TWO (2) AND THREE (3) OF BLOCK EIGHTY-NINE (89) OF THE ORIGINAL
<br />
<br />TOWN, NOW CITY OF GRAND ISLAND, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />
<br />COMMENCING AT THE NORTH-EASTERLY CORNER OF SAID BLOCK EIGHTY-NINE (89), AND RUNNING
<br />
<br />THENCE WESTERLY ALONG THE SOUTHERLY LINE OF FIRST STREET, A DISTANCE OF ONE HUNDRED
<br />
<br />AND FIFTY-TWO (152') FEET, THENCE IN A SOUTHERLY DIRECTIO~ ANDATJ~!Gl:ILANGI&~~Wn"'L~___~
<br />
<br />-,~-------_-""'c-~&.Id&=ftRST-- STREET A DfSTANCE- OF 5th I T -'FEEI(80~t;"HENCE IN--j -EASTERLY DIRECTION AND
<br />
<br />PARALLEL WITH SAID FIRST STREET A DISTANCE OF ONE HUNDRED AND NINETEEN AND SIX TENTHS
<br />
<br />(119.6') FEET- TO~-WEST-ERLY-lINEOF LOCU5l'-SmEET, THENCe-NORTHERLY ALONG THE WEST
<br />
<br />SIDE OF LOCUST STREET TO THE PLACE OF BEGINNING, ALLIN THE CITY OF GRAND ISLAND, HALL
<br />
<br />COUNTY, NEBRASKA.
<br />
<br />The Real Property or its address is commonly known as 205 W 1ST ST, GRAND ISLAND, NE 68801. The
<br />
<br />Real Property tax identification number is 400007320.
<br />
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor whether or not the
<br />advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan to Borrower, together with all interest thereon.
<br />
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOllOWING TERMS:
<br />
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at Borrower's request and
<br />not at the request of Lender; (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; (c) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other
<br />law which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their respective obligations under the Note,
<br />this Deed of Trust, and the Related Documents.
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of
<br />the Property shall be governed by the following provisions:
<br />
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership
<br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />
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