|
m
<br /> � � N p� �
<br /> � mm o �y m
<br /> 1 � n�� � Zm N m
<br /> o �o� , O �O o 0
<br /> � o�� C) OT � �
<br /> co � �z
<br /> � ZDT O —
<br /> w � G��O N 2W � Z
<br /> � � D �
<br /> � mn 0 � � r� 00 �
<br /> � � t�0(n � � � �
<br /> 0 0 �N Vj Z
<br /> W (n �
<br /> � O
<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Bax 160
<br /> Grand Island,.NE 68802-0160 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 $25,'178.75.
<br /> THIS DEED OF TRUST is dated October 18, 2011�among SCOTT M PARKER,whose address is
<br /> 2372 W KOENIG ST, GRAND ISLAND, NE 688015341 and KATHLEEN R PARKER, whose
<br /> address is 2312 W KOENIG ST, GRAND ISLAND, NE 688015341; HUSBAND AND WIFE
<br /> ("Trustor");Equitable Bank, whose address is Diers Avenue Branch,PO Box 160,Grand Island,
<br /> NE 68802-0160 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br /> and Equitable Bank(Grand lsland Region)�whose address is 713-115 N Locust St; PO Box 160,
<br /> Grand Island, NE 68�02-0160 (referred to 6elow as "Trustee").
<br /> CONVEYANCE AND GRANT: For valuable consideration,Trustor conveys to Ttustee in trust,WITH POWER OF SALE,
<br /> for the 6enefit of Lender as Beneficiary,all of Trustor's right,title, and inTerest in and to the following.described real
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances;all water,water rights and ditch rights(including stock in utilities with
<br /> ditch or irrigation rightsl; and all other rights, royalties, and profits relating to the real property, including without
<br /> limitation all minerals, oil, gas, geothermal and simiiar matters, (the "Real Properfy") located itl HALL
<br /> County,State of Nebraska:
<br /> THE EAST HALF (E1/2) OF LOT SEVEN (7) AND ALL OF LOT EIGHT (8), IN BLOCK TWO
<br /> (2), IN ASHTON PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> The Real Property or its address is commonly known as 2312 W KOENIG ST, GRAND ISLAND,
<br /> NE 688015341. The Real Property tax identification number is 400070208.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust) all.of Trustor's right,title, and
<br /> interest in and to all preserit and future leases of the Property antl all RenTS from the Property. In addition, Trustor
<br /> granis to Lend�er a Unifo�m Commercial Code security interest in the Personal Property and Rents.
<br /> THIS DEED OF TRU�ST,.INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY,IS GNEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND fBl PERFORMANCE OP
<br /> ANY AND ALL OBLIGATIONS UNDER THE NOTE,THE RELATED DOCUMENTS,AND THIS DEED OF TRUST. THIS
<br /> DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE Except as otherwise provided in this Deed of Trust,Trustor shall pay to Lender all
<br /> amounts secured by this Deed of Ttust as they become due, and shall strictly antl in a timely manner perform all of
<br /> Trustor's obligations under the Note,this Deed of Trust,and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY: Trustor agrees that Trustor's possession and use of the
<br /> Property shall be governed by the following provisions:
<br /> Possession and Use. Until the occu�rence of an Event of Default, Trustor may (1} remain in possession and
<br /> control of the Property; (2) use,operate or manage the PYOperty;and (3) collect fhe Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintai� the Property in good condition and prompUy perform all repairs,
<br /> replacements,and maintenance necessary to preserve its value.
<br /> Compliance With Environmerrtal Laws. Trustor represenis and warrants to Lender that: (1) During the period of �
<br /> TrustoPS ownership of the Property,there has been no use,generation,manufacture,storage,treatment,disposal,
<br /> release or threatened release of any Hazardous Substance by any person on,under,about or from the Property;
<br /> (2) Trustor has no knowledge of,or reaso�to believe that there has been,excepY as previously disclosed to and
<br /> acknowledged by Lender in writing, (a) any breach or violation of any Environmentaf Laws, (b) any use,
<br /> generation, manufacture,storage,treatment,disposal,release or threatened release of any Hazardous SubsEance
<br /> on, under, about or from the Property by any prior ov✓ners or occupants of the Property, or (c) any actual or
<br /> threatened Iitigation or daims of any klnd by any person relating to such matters; and (3) Except as previously
<br /> disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant,contractor,agent or other
<br /> authorized user of the Property shall use,generate,manufacture,store,treat,dispose of or release any Hazardous
<br /> Substance on,under,about or firom tfie Property;and 161 any such activiiy shall be conducted in cornpliance with
<br /> all applicable federal, state, and local laws, regulations and ordinances, induding without limitation all
<br /> Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property io make such
<br /> inspections and tests, at Trustor's expense,. as Lentler may deem appropriate to deiermine compliance of the
<br /> Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall 6e for Lender's
<br /> purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Trustor or
<br /> to any other person. The representations and warranties contained herein are based on Trustor's due diligence in
<br />
|