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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-Q160 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST is dated November 22, 2011,among GRAND ISLAND AREA ECONOMIC
<br /> DEVELOPMENT CORPORATION, whose address is 308 N LOCUST ST, STE. 400, GRAND
<br /> ISLAND, NE 65802; a Nebraska Non Profit Corporation 1"Trustor"); Equitable Bank, whose
<br /> address is Diers Avenue Branch, P�Box 160, Grand Island,NE 68802-0160 (referred to below
<br /> soinetimes as "Lender" and sometimes as "Beneficiary"1: and Equitable Bank tGrand Island
<br /> Region),whose address is 173-175 N Locust St; PO Box 160, Grand Island, NE 68802-0160
<br /> (referred ta below as "Trustee").
<br /> CONVEYANCE AND GR.4NT. For valuable consideration,Trustor conveys to Trustee i�trust,WITH POWER OP SALE,
<br /> for the benefit 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 etected or affixetl buildings, improvemeMS and fi�ures; all
<br /> easements,rights of way, and appurtenances;all water,water rights and ditch rights (includi�g stock in utilities�with
<br /> ditch or irrigation rights); and all other rigAts, royalties, and profits relating to the real property, including wiThout
<br /> limitation all minerals,oil,gas,geothermal and similar matters,(the "Fieal Property") located it1 Hall County,
<br /> State of Nebraska:
<br /> See Exhibit A,which is attached to this Deed bf Trust and made a part of this Deed of Trust
<br /> as if fully set forthu herein.
<br /> The Real Property or i$s address is commonly known as Rural Route,Grand Island,NE 68801.
<br /> CROSS-COLLATERALRATION. In addition to the Note,this Deed of Trust secures aIl obligations,debts and liabilities,
<br /> plus interest thereon,of Trustor to Lender,or any one or more of them,as well as all claims by Lender against Trustor
<br /> or any one or more of them;whether now existing or hereafter arising,whether related or unrelated to the purpose of
<br /> the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, .
<br /> absolute or contingent, liquidated or unliquidated, whether Trustor may be liable individually or jointly with others,
<br /> whether obligated as guarantor,surety,accommodation parry or otherwise,and whether recovery upon such amounts
<br /> may be or hereafter may become barred by any statute of limitations,and whether the obligation to repay such amounts -
<br /> may be or hereafter may become otherwise unenforceable. �
<br /> REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including,without limitation,a revolving
<br /> Iine of credit,which obligates Lender to make advances to Trustor so long as Trustor complies with aIl the terms of the
<br /> Note.
<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 present and future leases of the Property and all Rents from the Property. In addition,Trustor
<br /> grants to Lender a Uniform Commercial Code security interest in the Perso�nal Praperty and Rents.
<br /> THIS DEED OF TRUST,INCWDING THE ASSIGNMENT OF RENTS ANO THE SECURITY INTEREST IN THE RENTS AND � .
<br /> PERSONAL PROPERTY,IS GIVEN TO SECURE (A� PAYMENT OF THE INDEBTEDNESS AND �B) PERFORMANCE OF
<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 othenvise provided in this Deed of Trust,Trustor shall pay to Lender all
<br /> amounts secured by this Dead of Trust as they become due, and shall strictly and 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 ihat Trustor's possession and use of the
<br /> Property shall be governed by the following provisions:
<br /> Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and �
<br /> control ofi the Property; (2) use,operate or manage the Property;and (3) collect the.Rents fiom the Property.
<br /> Duty to Mairttain. Trustor shall maintain the Properry in tenantable condition and promptly perform aU repairs, �
<br /> replacements,and maintenance necessary to preserve.its value.
<br /> Compliance With Environmental Laws. Trusmr represents and warrants to Lender that: (1) During the period of .
<br /> Trustor's ownership of the Property,there has 6een no use,generation,manufacture,storage,treatment,disposal,
<br /> release or threatened release oi any Hazardous Substance by any person on, under, abouY or from the Property;
<br /> (2) Trusior has no knowledge of,or reason to believe that there has been,except as previously disclosed to and
<br /> acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (61 any use,
<br /> generation, manufacture,storage,treatment,disposal,release or�threatened release of any Hazardous Substance
<br /> on, under, about or from the Properiy by any prior owners or occupants of the Property, or (c) a:ny actual or
<br /> threatened litigation or claims of any kind by any person relating to such matters;and (31 Except as previously
<br /> disdosed to and acknowledged by Lender in writing, (al 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 />
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