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<br />~ET EtuY; ~ct.ra.j1
<br />WHEN RECORDED MAIL TO: 3 S C D
<br />Equitable Bank
<br />North Locust Branch
<br />173-115 N Looust St
<br />PO Box 160
<br />Gr n Island NE 688 2-0160 ~ FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of trust shall not exceed at any one time 530,100.50.
<br />THIS DEED OF TRUST is dated July 2$, 2009, among TERRY S. SPEED and CHRISTA A. SPEED, HUSBAND
<br />AND WIFE ("Trustor"1; Equitable Bank, whose address is North Locus# Branch, 113-115 N Locust St, PO Box
<br />160, Grand Island, NE 6$$02-0160 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"1; and Equitable Bank (Grand Island Region, whose address is 113-115 N Locust St; PO Bax 160,
<br />Grand Island, NE 68802-0160 (referred to below as "Trustee"1.
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITM POWER OF SALE, for the benefit of
<br />Lender as Banefiiciary, 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 wager, water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rightsl; 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 />County, State of Nebraska:
<br />LOT TWELVE (121, IN BLOCK TiMC? l2), IN NORMANDY ESTATES, AN ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />The Real Property or its address is commonly known as 1625 COVENTRY LN, GRAND ISLAND, NE
<br />688017p25. The Real Property tali identification number is 400066300.
<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 fients from the Property. In addition, Trustar grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />TH15 DEEb OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN TWE 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. TWIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Nate, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PI34PERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by fire following provisions:
<br />Pgssessinn and Use. Until the occurrence of an Event of Default, Trustor may 11) remain in possession and control of the Property;
<br />121 use, operate or manage the Property; and (3) collect the Rents from the Property.
<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 />Compliance With Environmeptal Laws. Truster represents and warrants to Lender that. 111 During the period of Trustnr'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 nr from the Property; 121 Trustor has no knowledge of, or reason to believe
<br />that there has been, exr,ept as previously disclosed to and acknowledged by Lender in writiny, lal any breach or violation of any
<br />Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened 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 rfllating to such matters; and 131 Except as previously disclosed to and
<br />acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property
<br />shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property;
<br />and Ibl any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and
<br />ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property
<br />to make such inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the Property
<br />with this section of the heed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and shall not be
<br />construed to create any responsibility or liability on the part of Lender to Trustor or to any other person. The representations and
<br />warranties contained herein ode based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor
<br />hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes liable for
<br />cleanup or other costs under any such laws; and (2) agrees to indemnify, defend, and hold harmless Lander against any and all
<br />claims, losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from a
<br />breach of this section of the heed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release nr
<br />threatened release occurring prior to Trustor's ownership or interest in the Property, whether or not the same was or should have
<br />been known to Trustar. Tha provisions of this section of the Deed of Trust, including the obligation to indemnify and defend, shall
<br />survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of this heed of Trust and shall not be
<br />affected by Lender's acquisition of arty interest in the Property, whether by foreclosure or otherwise.
<br />Nuisance, Waste. Trustor shall not cause, conduct or perrnit any nuisance nor commit, permit, or suffer any stripping of or waste on
<br />or to the Property nr any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grant to
<br />any other party the right to remove, any timber, minerals (including oil and gas-, coal, clay, scoria, soil, gravel or ror•,k products
<br />without Lender's prior written r,onsent.
<br />Removal of Improvements. Trustar shall not demolish or remove any Improvements from the Real Property without Lender's prior
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