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<br />WHEN RECORDED MAIL
<br />Equitable Bank ~~
<br />piers Avenue Branch ~~
<br />PO Box 160
<br />Grand Island NE 68802-0160 FOR RECORDER'S USE ONLY
<br />DEED U~ TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $10,000.00.
<br />THIS DEED OF TRUST is dated May 4, 2010, among STANLEY R HANEY and NANCY J HANEY; HUSBAND
<br />AND WIFE ("Trustor"1; Equitable Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE
<br />68802-0160 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Equitable Bank
<br />(Grand Island Region), whose address is 113-115 N Locust St; PO Box 160, Grand Island, NE 68802-0160
<br />(referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER DF 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 nr
<br />subsequently erected or affixed buildings, improvements artd 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 />County, State of Nebraska:
<br />LOT TWENTY-FOUR (24), JEFFREY OAKS SUBDIVISION, IN TWE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 4175 NORSEMAN AVE, GRAND ISLAND, NE 68803.
<br />The Real Property tax identification number is 400324$30.
<br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving line of credit, which
<br />obligates Lender to make advances to Trustor so long a5 Trustor carnplies with all the terms of tkte Credit Agreement. Such advances may
<br />be made, repaid, and remade from time to time, subject to the limitation that the total outstanding balance owing at any one time, not
<br />including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporary overages,
<br />other charges, and any amounts expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not
<br />exceed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender that this peed of Trust secures the
<br />balance outstanding under the Credit Agreement from tune to tune from zero up to the Credit Limit as provided in the Credit Agreement
<br />and any intermediate balance.
<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 frnrn the Property. In addition, Trusteryrants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUpING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS ANp IB- PERFORMANCE OF EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATEp DOCUMENTS, AND THIS DEED OF TRUST, THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTEp ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed nt Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as tktey become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit
<br />Agreement, this peed of Trust, and the Related (documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Unlit the occurrence of an Fvent of Default, Trustor may 111 remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and 131 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 Envkronmental Laws. Trustor represents and warrants to Lender that: 111 buying the period of Trustor's ownership
<br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release nr threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; I71 Trustor has no knowledge of, yr reason to believe
<br />that there has been, except as previously disclosed to and acknowledged by Lender in writiny, Ia1 any breach or violation of any
<br />Environmental Laws, Ibl any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or from tkte Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
<br />acknowledged by Lander in writiny, lal neither Trustor nor any tenant, r:ontractor, agent or outer authorized user of the Property
<br />shall use, generate, manufacture, store, treat, dispose of or release arty Hazardous Substartr;e nn, under, about nr from the Property;
<br />and Ib- 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 peed 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 are based on Trustar's due diligence in investigating the Property for Hazardous Substances. Trustor
<br />hereby I11 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 121 agrees to indemnify, defend, and hold harmless Lender against any and all
<br />claims, losses, liabilities, damages, penalties, and expenses whir,h Lender may directly or indirectly sustain or suffer resulting from a
<br />breach of this ser,tion of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release nr
<br />threatened release orrurring prior to Trustor's ownership or interest in the Property, whether nr not the same was or should have
<br />been known to Trustor. The provisions of this section of the heed of Trust, including the obligation to indemnify and defend, shall
<br />survive the payment of the Indebtedness and the satisfaction and reconveyanre of the lien of this Deed of Trust and shall not be
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