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<br /> WHEN RECORDED MAIL TO:
<br /> Eq�itable 8ank
<br /> Olers Avenue Branch �
<br /> PO Box 760
<br /> - Grand]sland,NE 68502-0960 FOR RECORDER'S USE ODlLY
<br /> DEED OF TRl1ST
<br /> MAXIMUM L1EN. The lien of this Deed of Trust shall nat exceed at any one time a3�,00a.OD.
<br /> TH15 dEED OF TRUST is dated October 25, 2011, among RICHARD H BAASCH, whose
<br /> address is 1Z7 E AIRPDRT R�, GRAND ISLAND, NE 68803 and ARL�NE M BAASGH, whose
<br /> address is 127 E AIRPORT RD,GRAND ISLAND,NE 68803; HUSBAND AND WIFE("Trustor");
<br /> Equitahle Bank, whpse address is Diers Avenue Branch, PO Box 160, Grand Island, NE
<br /> 68802-0160 {referred to below somatimes as "Lender" and sometimes as 'Beneficiary"); and
<br /> Equitable Bank {Gra�d Island Region), whose address is 713-115 N Locust St; PO Box 160,
<br /> Grand Island, N� 6$$02-0160 (referred to below as "Trustee"1.
<br /> CONVEYANCE AND GRANT. For va[uable consideration,Trustor conveys to Trustee in trast WITH POWER OF SAlE,
<br /> for the benefit of Lender as Beneficiary,all o�Trustor'5 righE,title,and interest in and to the following described real
<br /> property, together wiYh all existing or subsequently erected or af�ized buildings, improvements and fixtures; all
<br /> easements,rights of way,and appurtenances; all water,�vaCar rights and diich rights fincluding stock in utilities with
<br /> ditch or irrigation rights}; and all other rights, royahies, and profits relating Fo the real prvperTy, inc[uding wiYhout
<br /> IEmltatlon al] minerals, oil, gas, geothermal and similar matters, (the "Real Property"] located in HALL
<br /> County,5tate of Nepraska:
<br /> PART OF NWI/4NW1I4 OF SECYION 4, TOWNSMIP '[1 NORTH, RAII�GE 9 WEST O� 7HE
<br /> 6TH P.M., HAlL COUNTY, NEBRASKA, MORE PAR7�CULARLY DESCRIBED AS FOLLOWS:
<br /> BEGINNING AT A PO1NT Oh[ 7HE NORTH LINE OF SAID SECTION 4, SAId POlNT BEING
<br /> 392.55 FEET EAST DF THE NORTHWEST CORNER OF SAID SECTION 4, THEIIICE
<br /> EASTEREY ALONCy THE NORT!-1 LINE OF SA1D SECTION 4, A OISTANCE OF 308.0 FEET,
<br /> THENCE SOUTHERLY PARALLEL Ta THE WEST LINE OF SAID SECTION 4, A DIS7ANCE
<br /> O� 298.5 FEET, THENCE DEFLECTIf1IG RIGHT 90° DEGREES, 48 MINUTES AND 4
<br /> SECONDS, RUNNINCs WESTERLY 308.03 FEET,THENCE NORTH PARALLEL TO THE WEST
<br /> LINE OF SAID SEC7101V 4, A DISTANCE QF 300.85 TQ TWE POINT OF BEGINNING;
<br /> EXCEPT TRACT OF LAND MORE PARTICULARLY DESCRIBED IN RETURN OF APPRAISERS
<br /> REPORT DATED JULY 7, 7992 AND RECORDED JULY 70, 1992 A5 �OCUMENT NO.
<br /> 92-906905 OF 7HE RECORDS OF HA1�L COUNTY,NEBRASI(A.
<br /> The Real Property or its address is commonly known as 127 E AIRPORT RD, GRAND ISLAND,
<br /> NE 68803. The Real Property ta�c identification number is 4D0205580.
<br /> REVOLVING LlNE-OF CREQfT. This Deed of Trust secures the Inde6tedness includin�,witF�out Gmitation,a revolving
<br /> line oF credit,which o6ligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the
<br /> Gredit Agreerrtent. Such advances may 6e made,repaid,and remade irom fime to time,su6ject to the limi[2tion that
<br /> Yhe total oa[standing balance owing at any one fime, not encluding finance charges on such balance at a ii�ced or
<br /> variable rate or sum.as provided in the Credit Agreement,any temporery overages, other thargcs,and any amounts
<br /> cxpcnded or advanced as provided in either tha Endebtedness paregraph or this paragraph,sha[I not exceed the Credit
<br /> � Limit as provided in the Credit Agreemarrt. It is the inxention of Trustar and Lender that Yhis�eed of Trust secures the
<br /> 6alancc outsYand'vig under the Credit Agre�ment from time to time from zero up ta the Credit limit as provided in the
<br /> Cred'R Rc�reement and any intermediate hnlance.
<br /> Trustor prescntly assigns to Lender (also known ns Beneficiary in this Deed of Trust) all vf Trustor's right,title, and
<br /> irrterest in and to all present and future leases of the Pronerty end all Renrs from the Property. In addition,TrusFOr
<br /> grarrts to Lender a Uniform Commercial Code security inlerest in the Personal Property and Rents.
<br /> THIS 6EED OF TRUST.INCLUDING THE ASS]GNMENT OF FiENTS AHD THE SECURITY INTEREST IN THE RENTS AIVD
<br /> PERSONAL PROPERTY,IS GIV�N TO SECURE (A) PAYMENT OF THE]NDEBTmNESS AN� i6) P�RFORMANCE OP
<br /> EACH OF TRUSTDR'S AGRE�MEIVTS AN� OBLIGATIONS UN�ER THE CREDIT AGREFSNENT, TF{E RELATED
<br /> DOCUMENTS,AND THIS DEED OF TRUST. THIS DEED OF TRUST]5 GIVEN AND ACGEPTED D1V THE FOLLOWIHG
<br /> TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherv�ise pravided in �his Deed of Trusi,Trustor shall pay to Lender all
<br /> amounts secured by this lleed of Trust as they become due,and shall strictly and in a rimely manner perform all of
<br /> Trustnr's ohligations undcr the Credit Agreement,this Deed vF Trus4 and the Related Documents.
<br /> POSSESSIOf�[ AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br /> Property shall 6e governed by thc foElowing provisions:
<br />
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