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nr ~ ~ ~ ~ C A 2 ~~~ c.._ ~ ~ N IUD ~ ~=- ~ ~~ ~ ~ ~ r~rl ~ y ~ ~ ~ t~ ~ c=1 ~, G~o'J r, ` ~ ~ ~ R = `~+ o `~ CAD -rr ~ ~ C? ~rrr r~ ~ ~ ~ rn ~ ~ ~ .~~ _C C ~ r ~ ,~~. ® c1"I ,L, ~ C? ~ - . . _ ~ vii ~ O WHEN RECORDED MAIL TO: Equitable Bank Diers Avenue Branch PO Box 960 _, Grand„(eland, NE fifi$02-0 6t7 _ ,~ FOR RECORDER'S USE ONLY`` DEED OF TRUST MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $51,687.00. ~ ~ .. C~ THIS DEED OF TRUST is dated July 8, 2010, among JOSHUA R. MEIER, whose address is 6409 N QUANDT `~` RD, GRAND ISLAND, NE 6$801 and KELSEY L. MEIER, whose address is 6409 N QUANDT RD, GRAND ISLAND, NE 68$01; Husband and Wife ("Trustor"); Equitable Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE 6$$02-0160 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"-; and Equitable Bank (Grand Island Region), whose address is 113-115 N Locust St; PO Box 160, Grand Island, NE 68$02-0160 (referred to below as "Trustee"-. CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing yr subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL County, Stafie of Nebraska: Lot Five 151, in Block Eleven (11-, in University Place, an Addition to the City of Grand Island, Hall County, Nebraska The Real Property or i#s address is commonly known as 2224 N. SHERMAN BLVD, GRAND ISLAND, NE 6$801. The Real Property tax identification number is 400100304. CROSS-COLLATERALIZATION. In addition to the Note, this heed of Trust secures all obligations, debts and liabilities, plus interest thereon, of Trustor to Lender, or any one or mare of them, as well as all claims by Lender against Trustor or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Trustor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become hawed by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon. Trustor presently assigns to Lender (also known as Beneficiary in this ^eed of Trust) all of Trustor's right, title, and interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE IA) PAYMENT OF TWE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, -Trustor shall pay to Lender all amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this Deed of Trust, and the Related f~ocuments. POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall he governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, Trustor may 11) remain in possession and control of the Property; 121 use, operate or manage the Property; and 131 collect the Rents from the Property. Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; 121 Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, Ib- any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or Ic) any actual or threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lander in writing, Ia1 neither Trustor nor any tenant, contractor, agent or other authorized trier of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Trustor or to any other person, The representations and warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under any such laws; and (2) agrees to indemnify, defend, and hold harmless Lender against any and all claims, losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from a r ~ ~ u ,9 ' r ~ ~ r y