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<br /> Wi�EN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> North Locust Branch
<br /> 713-115 N Locust St
<br /> PO Box 160
<br /> Grand Island,NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRl1ST is dated December 1, 2011, among LBE FAMILY LIMITED
<br /> PARTNERSHIP, whose address is 716 W 21�lD ST, GRAND ISLAND, NE 68801;A NEBRASKA
<br /> LIMiTED PARTNERSHIP ("Trustor"); Equitable Bank, whose address is North Locust Branch,
<br /> 713-115 N Locust Sit, PO Box 160, Grand Island, NE 68802-0160 (referred to below
<br /> sometimes as "Lender" and sometimes as "Beneficiary"}; and Equitable Bank (Grand Is!and
<br /> Region), whose address is 7'�3-115 N Locust St; PO 8ox 160, Grand Island, NE 68802-0'960
<br /> (re#erred to below as "Trustee"}.
<br /> CONVEYANCE AND GRANT. For valuable consideration,Trustor conveys to Trustee 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 fol.lowing described real
<br /> property, together with all existing or su6sequently erected or affixed buildings, improvements and fixtures; all
<br /> easements, rights of way,and appurtenances; alf�water,water rights and ditch rights (including stock in utilities wiih
<br /> ditch or irrigation rights); and all other rights, royalties, and profits rel.ating Co the real property, including without
<br /> limitation all minerals,oif,gas,geothermal and similar matters, (the "Real Prop�rYy"} located in Hdll COUnty,
<br /> State of Nebraska:
<br /> LOT YWENTY-TWO (22), BLOCK SIXtEEN (16), ASHTON PLACE, AN ADDITIOIV TO THE
<br /> CITY OF GRAND ISLAND, HALL GOUNTY, NEBRASKA.
<br /> The Real Property or its address is commonly known as 2612 W Koeraig St, Grand Island, NE
<br /> 68803-5739. The Rea�Property ta;c identification number is 400012561.
<br /> CROSS-COLLATERALI2ATION. ln addition to the Note,this Deed of Trust secures all o6ligations,debts and lia6ilities,.
<br /> plus interest thereon, of either Trustor or Borrower to Lender, or any one or more of them, as�well as aIl claims by
<br /> Lender against Borrower and Trustor or any one or more of them,whether now existing or hereafter ansing,whether
<br /> related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br /> indirect, determined or undeterrnined, absolute or contingent, liquidated or onliquidated, whether Borrower or Trustor
<br /> may be liable individually or jointly with others, whether ohligated as guarantor, surery, accommodation party or
<br /> otherwise, and wheiher recovery upon such amounts may be or hereafiter may become bar�ed 6y any statute of
<br /> limitations, and whether the o6ligation to repay such amounts may be or hereafter may deeome otherwise
<br /> unenforceabie.
<br /> FUTURE ADVANCES. In addition to the Note, Yhis Deed of Trust secures all future advances made by Lender to
<br /> Borrower or Trustor whather or not the advances are made pursuant to a commitment. Specificalty;without limitation,
<br /> this Deed of Trust secures,in addition to the amounts specified in the Note,all fufure amounts Lender in its discretion
<br /> may loan to Borrower or Trustor,together with alI interest therean.
<br /> Trustor presently assigns to Lender (also I<nown as Beneficiary in this Deed of Trust) all of Trustor's right,title, and
<br /> interest in and to alI present and future leases of the Property and all Rents rrom the Property. In addition,Trustot
<br /> grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. �
<br /> THIS DEED OF TRUST,INCLN�ING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND�
<br /> PERSONAL PROPERTY,IS GNEN TO SECURE (A) PAYMENT OF THE IN�EBTEDNESS AND (B) PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER THE NOTE,THE RELATED DOCUMENTS.AND THIS DEED O�F TRUST. THIS
<br /> DEED OP TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br /> TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warran�ts that: (a) this Deed of Trust is executed at
<br /> Borrower's request and not at the request of Lender; (b)Trustor l�as the full power,right,and authocity to enter into
<br /> this Deed of Trust and to hypothecaie the Property; {c)the provisions of this Deed of T�ust do not conflict with, or
<br /> result in a defauh under any agreement or other instrument binding upon Trusmr and do not result in a violation of any
<br /> law,regulation, court decree or order applicatile to Trustor; (d)Trustor has established adequate means of obtaining
<br /> from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no
<br /> representation to Trustor about Borrower(including without limitation the creditworthiness of Borrower).
<br /> TRUSTOR'S WANERS. Trusto�waives all rights or defenses arising by reason of any"one action"or"anti-deficiency"
<br /> law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br /> deficiency m the exient Lender is otherwise entitled.to a daim for deficiency,before or after Lender's commencement
<br /> or completion of any foreclosure action,either judicially or by exercise of a power of sale. �
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust,Borrower and Trustor shall pay to
<br /> Lender all I.nciebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shail strictfy
<br /> . perform all their respective obligations.under the Note,this Deed of 7rust,a�d the Related�Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's .
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