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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank -
<br /> Diers Avenue Branch
<br /> PO Box 160
<br /> Grand island,NE 68802-0160 FOR REGORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust s9�a11 not exceed at any one time $12,000.00.
<br /> THIS DEED OF TRUST is dated November 15, 2011, among MICHAEL L ANDERSON, whose
<br /> address is 4234 NEW YORK AVE, GRAND ISLAI�D, NE 68803 and REBECCA LK ANDERSON,
<br /> whose address is 4234 NEW YORK AVE, GRAND ISLAND, NE 68803; HUSBAND AND W1FE
<br /> ("Trustor"); Equitable Bank,whose address is Diers Avenue Branch, PO Box 960, Grand Island,
<br /> NE 68802-0160 (referred to below sometimes as "Lender" and sometimes as "Benefficiary");
<br /> and Equitable Bank(Grand lsland Region),whose address is 713-115 N Locust St; PO Box 160,
<br /> Grand Island, NE 68802-0760(referred to below as "Trustee").
<br /> CONVEYANCE AND GRAN"�. For valuable consideration,Trustor conveys to Tmstee in trust,WITH POWER OF SALE,
<br /> for the benefit of Lender as Beneficiary,all of Trustor's right,title,and interest in and to the following descri6ed real
<br /> property, together with a19 existing or subsequently erected or affixetl buildings, improvements and fixtures; alf
<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 io the real property,. including without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, {the "Real Property") located in HALL
<br /> County,State of Nebraska:
<br /> LOT SIX (6} IN BLOCK ONE (7} IN CAPITAL HEIGHTS SECOND SiJBDIVISiON IN THE CITY
<br /> OF GRAND LAND, HALL COUNTY, NfBRASKA
<br /> The Real Property or its address is commonly known as 4234 NEW YORK AVE, GRAND
<br /> ISLAND,NE 68803. The Real Property tax identification number is 400 1 5 3 009 .
<br /> REVOLVING LWE QF CREDIT. This Deed of Trust secures the Indebtedness incfuding,without limitation,a revolving
<br /> line of credi`.,which obligates Lender to make advances to Borrower so long as Borrower complies with all the terms of
<br /> the Credit Agreement, Such advances may be made, repaid,and remade from time to time,subject to the limitation
<br /> . that the total outstanding balance owing at any one time,not including finance charges on such balance at a fixed or
<br /> vatiable rate or sum as provided in the Credit Agreement,any temporary overages, other charges,and any amounts
<br /> expended or advanced as provided in either the Indebtedness paragraph or this paragraph,shall not exceed the Credit
<br /> . Limit as provided in the Credit Agreement. It is the inteMion of Trustor�and Lender that this Deed of Tmst secures the
<br /> balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in the
<br /> Credit Agreement 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
<br /> interest in a�d to all present and future leases of the Property and all Rents from the Property: In addition,Trustor
<br /> graMS to Lender a�.Uniform Commercial Code security interest in the Personal Property and Rents..
<br /> THIS DEED OF TRUST,INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND .
<br /> PERSdNAL PROPERTY,IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AN� (B) PERFORMANCE OF
<br /> EACH OF TRUSTOR'S AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED
<br /> � DOCUMENTS,AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING
<br /> TERMS:
<br /> TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trusior warrants that: (a) this Deed of Trust is executed at
<br /> Borrower's request and not at the request of Lender, (b)Trustor has the full power,right,and authority to enter irrto
<br /> this Deed of Trust and to hypothecate the Property; (cl�the provisions of this Deed of Trust do not conflict with,or
<br /> result in a default under any agreement or other instrument binding upon Trustor and do not result in a violation of any
<br /> law, regulation,�court decree or order applicable to Trustor, (d)Trustor has established adequate means of obtaining
<br /> from Borcower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no
<br /> representation to Trustor about Borrower(induding without limitation the creditworthiness of Bortower).
<br /> TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any"one action"or"anti-deficiency"
<br /> law, ot any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br /> deficiency to the extent Lender is otMerwise entitled to a elaim for deficiency,befiore or after Lender's commencement
<br /> or compfetion of any foreclosure action,either judicially or by exercise of a power of sale.
<br /> PAYMENT AND PERFORMANCE... E�ccept as otherwise provided in this Deetl of Trus2,6orrower shall pay to Lender all
<br /> Indebtedness secured by this Deed of Trust fls it becomes due, and Borrower and Trustor shall perform all their
<br /> respective obligations under the Credit Agreement,this Deed of Trust,and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree�that Borrower's and Trustor's
<br /> possession and use of the�Property shall be governed by the following provisions:.
<br /> Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remai� in possession and
<br />
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