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<br />WH�N R�COR��D MAIL TO:
<br />Equita6le Benk
<br />PO Box 160
<br />Grand Island NE 6$802-0760 FUR RECORDE U5� QNLY
<br />CONSTRUCTION QE�D (aF TRUST
<br />TMIS DEED OF TRUST IS A CDNSTRUGTI(�N SECURI�TY AGR��MENT
<br />WITMIN THE MEANING OF �fH� N�BRASKA CONSTRUCI"IOIV I�IEN ACT
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<br />TMIS DEED OF TRUST is dat�d Decemfaer 13, 2p10, �rx�vng DARRE111 C. ADL�MS, whase address is 16323 W
<br />ABBOTT Rp, CAIRO, NE 6$$2A� and CH�RITY L. A�7AMS, whose address is 1f323 W ABBOTT RD, CAIRO,
<br />NE 6$824; HUSBANU AND WIFE ("Trustor"�; Eqi�it�ble Bank, wl�ose acidress is Diers Ave���ac� Branch, PO Box
<br />160, Grand Island, NE 688D2-0760 (referred ta I�elow sometimes 85 "Lender" and SOITlE�I1T1P.5 as
<br />"Beneficiary"►; and Equitabls Bank (Grand Island Regior�►, whose address is 113-115 N Lvcust St; PO Bqx 16U,
<br />Grand Island, NE 68802-016� (referred to below as "Trustee").
<br />CONVEYANC� ANb GRANT. For valua6le crnisideration Trustr�r conveys to Trustee in trust, WITH POWER O� SALE, far lhe henetit of
<br />Lender as Beneficinry, all of Trustor's ric�hl, lille, 7nd interest in and to the followinc7 descrihed real property, togrtli�r with all existing or
<br />subsequently erected or affixed buildinys, improvernent:s and fixt�.�res; all easements, rights o( way, ar�d ap��urtenanr.r.s; all waler, water
<br />rigfrts and ditch rights (including stock in utilities wilh dilch nr irri,yation righfs); ancl �II other righls, royalfies, t�nd �rniits relatinq to the real
<br />properly, includinq without limitation all min�rals, qil, y:ts, ,ye<:�Ilierrnal ancl sirnilar matt�rs, (tf1E '�F�EB� �1'Op�l'ty'�) It�CatBci if1 ���II
<br />County, State of Nebraska:
<br />A tract of land cornprising � part af ths Wesfi Half of tlie Northeast Quarter (W 1/2 N�1 /�) pf Section Thirty
<br />Four (34), Tawnship Twelve (12) North, Range Twelve (12) West c�f thye 6tti P.M., Hall County, Nebraska,
<br />said tract being more partic�.ilarly described as fc�llaws: With reference to the Nortltwest corner of said West
<br />Half of the Northeast Quarter (W1/2 NE1/4►; tFience running on an ass�imed beariny of N 90° QO' p0" �ast
<br />on the north line of said West Malf of the Northeast Qiaart�r (W1/2 N�1l4) far a distance of 583.00 feet to
<br />the actual point of beginning, thence coittin�.�ing N 90° UO' OQ" East on tlte north line of said W�st lial# of
<br />the Northeas# Quarter (W1/T_ N�1l�) for 7�1.16 fe�±t to the Nnrtheast corr�er tl�ereof, therace S Qp° 38'
<br />1 p" West on the East line of said West Half of th� Mortheast Q�.iarter (W 1 I� NE 1/4) for 9Z9.5U feet; thenc�
<br />N 9U° 00' OU" West for ?�6.49 feet; thence on a 124'7.B�a f�ak rac�ius c�arue to the left of 78$.3�1 fPet, the
<br />chord to said curve bearing N 39° 45' 29" West fnr 7'75.29 feet; thence N Q1 ° 58' 12'" �ast for 333.64
<br />feet to the POINT OF BEGINNING
<br />The Real Property or its address is camrrionly know�� �s 9 6323 W. Abbott Rd, Cairo, IV� 6882�. The Real
<br />Proper#y #ax iden#ific;ation nuinber is 40Q4(]4966.
<br />FUTIJRE ADVANCES. In addition to the Note, this ❑�ed of Trust secures �II tulure advances rn�de by Lender to Trustor wh?llier or not the
<br />advarrces are made pursuant to a commitnient. Sp�ciiically, without IiiT�itation, this f�eed of TruGt secures, in ndditinn to I:he �mnunts
<br />specified in the Note, all future amounts L.endrr in its discr�tion rn�y loan lo Trustnr, tnyether with all interest thcrenn.
<br />Trustor presently assigns to Lender (�Iso knnwn �s Bei7eficiary in lhis f)eed of ("rust) all of l rustor's right, tille, anri inleresf in and to all
<br />present and future laases nf the Prop�rty �nd all R�nis Trnrn the f'r'opPrCy. In �tddiYion, l rustor yrants to Lend�r a Ur�i(nrrn Cnrnmercial
<br />Code security interest in the F'ersonal Pro�.>erty and Rents.
<br />THIS DEED OF TRUST, INCLUDING TH� ASSIGNMENT QF REN"1'S /1ND TI1E S�CURITY INTEREST IN TWE RENT'S ANI] P�RSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) 1'EIYMENT OF THE INDFBTEpNESS ANp (B) P�RF(7FiIVIANC� (Jf ANY AND ALL QBLIGAI"IQIVS
<br />UNbER TH� NOTE, 1H� R�LATEb bOCUMENTS, ANI] TF11S D�ED OF TRUST. TFiIS UEED OF TRUST, IIVCLUbING THE ASSIGNMENT OF
<br />RENTS AND THE SECURITY IN1'EREST IN THE FiEPITS �IV4 P�fi50111A1� PROPERTY, IS AL50 GIVEN TO SECURE �1NY AND ALL OF
<br />TRUSTOR'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LO/�N /�GREEM�N? BE'f W��N TRUSTOR AND LFMDER Of- EVEIV
<br />DATE HEf�EWI?li. ANX EVENT dF DEFAUI_T UNP�R THE COfVSTRUCTI(1N l.OAN �GREEMENT, OR I�NY C)F 7HE R�L.AT�D pOCUMENTS
<br />REFERRE� Tq THEREIN, SHALL ALSp BE AN EVENT OF U�FAUIT UNDER THIS PEED OF TRUST. TFIIS DEED QF TRUST IS GIV�N ANP
<br />ACCEPTE� ON THE FOLLpWING TERMS:
<br />PAYMENT AND PERFORMANCE. Exc�pt ns ntfyerwise provid�d in this I)P.P..(I oF Trust, 7rustor shnU pay to Lender all amnunts ser,ured by
<br />this Deed of Trust �s they ber,oma du�, nnd shall strictly and in � tirriely manr7ar �>arfnrrY� all of '1"rustor'G ohli�ations under fhr Nnle, this
<br />Deecl of Trust. and the Related Documents.
<br />CONSTRUCTIpN MQRTGAGE. This DP.P.C) pf TruSt is �"conslruction rnorty �ige" fc.�r the ��urposes of Sections 9 33h and 2n 3O9 c�f tfie
<br />Uniform Comm�rr,ial Codc, fl5 tF105@ Sf!CYIOIlS h�ve been ado�ifed l�y tlie St:�te oi Nehr�51<a.
<br />POSSESSION AND MAINTENANCE OF THF PROPEFiTY. Trustor �yrc�ns th�t Trustor's ��osses,ir�n �nd use of the Property sh�ll he
<br />�overned hy the tollowinc3 provisions:
<br />Possession and Use. Until the ocr.urrenc� nf �n Event of Default, Trustnr may (1) r�main in pnss�ssipn and control 01 the Properfy;
<br />(2) lISP., O�P.(EIYB Of fll8f1�g8 TFIP. Property; and (3) collert the RFnts frnm the Froperty.
<br />Duty to Maint�i��. Trustor sh�ll maintain thn Property in qood r.nndilion and promp[ly perforrn all repairs, replacemc�nts, and
<br />mr�inten�nce necessary to preserve its value.
<br />Cnrnpliance With Envirnnmental L�ws. Trustor represents and warr�+r71s lo I..en�ier f:h�t: (1) [)uring the period of Trustnr's ownershin
<br />�7f the Properly, there h�s been nn use, generafion, m�nufar,ture, storage, lrr��lrt�ent, dispnsal, release or threatened release o( any
<br />fiazardous Substar'ice by any person on, under, ahnut nr from the f'roperty; (21 Trustor has no knowledye of, or reasnn to b�li�ve
<br />lh�[ th?re has b�en, except a5 previously disclosed to ancl ncknowleciged hy L�nder in wrilin,y, (�) any breach or violation of �ny
<br />Fr7vironn�enl�l Laws, (h) any use, qenor�tinn, manufflr.tur�, storaqe, tre�tm�nt, disposal, release or tl�reatened fP.IP.85F: of �ny
<br />Haz�rdnu5 Suhst�nr.� on, under, about or from the Property by any prior owners or nccupnnts of the Property, �ir (r,) any actual or
<br />thre:�tened litigatinn or claims of any kind hy any person relatin,y to such matters; and (3) Fxr,�pt �s previr�usly disr..lnsed to and
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