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<br />WHEN RECORDED MAIL TO:
<br />Equitable Bank
<br />South Locust Branch
<br />3012 S locust St
<br />PO Box 160
<br />Grand Island. NE 68802-0160
<br />
<br />35: 50
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $15.100.50.
<br />
<br />THIS DEED OF TRUST is dated September 29. 2008. among Debra A. Walker fka Debra A. Douthit and Robert
<br />
<br />E. Walker; Wife and Husband ("Trustor"); Equitable Bank. whose address is South Locust Branch. 3012 S
<br />
<br />Locust St. PO Box 160. Grand Island. NE 68802.0160 (referred to below sometimes as "Lender" and
<br />
<br />sometimes as "Beneficiary"); and (referred to below as "Trustee").
<br />
<br />CONVEY ANCE AND GRANT. For valuable consideration, Trustor conveys to Trustae 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 wey, and appurtenances; all weter, water
<br />rights and ditch rights (including stock in utilities with ditch or Irrigation rights); and all other rl9hts, royalties, and profitll relatinll to the real
<br />property, including without limitation all minerals, 011, gas, gaothermal and similar matters, (the "Real Property") located in HALL
<br />
<br />County. State of Nebraska:
<br />
<br />LOT ONE (1). IN BLOCK TWENTY.ONE (21). CHARLES WASMER'S ADDITION TO THE CITY OF GRAND
<br />
<br />ISLAND. HALL COUNTY. NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 1603 W KOENIG ST. GRAND ISLAND. NE
<br />
<br />688015755. The Real Property tax identification number is 400108461.
<br />
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Borrower whethar or not
<br />the advances are made pursuant to a commitment. Speclflcelly, without limitation, this Dead 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 interellt thereon.
<br />
<br />Trustor presently assigns to lender (also known as Beneficiary In this Deed of Trust) all of Trustor's right, title, and Intere5t in and to all
<br />prellent 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 Per50nal Property end 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 THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />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 hes the full power, right, end authority to enter into this Deed of Trust end to hypothecate the
<br />Property; (c) the provisions of this Dead 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 lew, regulation, court decree or order appliceble to Trustor; (d) Trustor hes
<br />established adequate means of obteining from BorrOwer on a continuing basis information about Borrower's financial condition; and (e)
<br />lender has mede no representation to Trustor ebout Borrower (including without limitation the creditworthlnass 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 eny other
<br />lew which may prevent lender from bringing any action ageinst Trustor, Including a claim for deficiency to the extent lender is otherwille
<br />entitled to e claim for deficiency, before or after lendar's commencement or completion of any foreclosure action, either judicially 0/ by
<br />exercise of a power of sale.
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrowar shall pey 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 end Trustor agree that Borrowar's and Trustor's pOssession and use of
<br />the Property shall be governed by the following provisions:
<br />
<br />Possession and Use. Until tha occurrence of an Evant of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect tha Rents from the Property.
<br />
<br />Duty to Maintain. Trustor shall maintain the Property In good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />
<br />Compliance With Envlronmentel Laws. Trustor represents and warranta 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 threetened 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 hes been, except as previously disclosed to and acknowledged by lender In writing, (a) any breech or violation of any
<br />Environmental lews, (b) any use, generation, menufacture, storage, treatment, disposal, release or threetened release of any
<br />Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (cl any actual or
<br />threatened litigation or claims of any kind by any person relating to such metters; and (3) Except as previoullly disclosed to and
<br />acknowledged by lender in writing, (a) neither Trustor nor eny tenent, contractor, sgent or other authorized user of the Property
<br />shall use, generate, manufacture, store, treat, dlepose of or relesse any Hazardous Substance on, under, about or from the Propsrty;
<br />and (b) any such activity shall be conducted In compliance with all appllceble federal, state, and local laws, regulations and
<br />ordinances, including without limitation all Environmental Laws. Trulltor authorizes lender end Its agents to enter upon the Property
<br />to make such inspections and tests, at Trustor'5 expense, as lender may deem appropriate to determine compllanca of the Property
<br />with this section of the Deed of Trust. Any inspections or tests mede by lender shall be for lender's purposes only and shall not be
<br />construad to create any re5ponsibility or liability on the part of lender to Trustor or to any other person. The representations and
<br />warranties contained herein are based on Trustor's due diligence In investigating the Property for Hazardous Substances. Trustor
<br />hereby (1) releases and waives any future claims ageinst lender for indemnity or contribution in the event Trustor becomes liable for
<br />
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