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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 RECORDER'S USE ONLY
<br /> �EED OF TRUS�
<br /> MAXIMUM LIEN. The lien of this Deed of Trusf shall not exceed at any one time$9,324.75.
<br /> THIS DEED �F TRUST is dated December 9, 2011, among RANDY A LEISER,whose address is
<br /> 4016 EDNA DR, GRAND ISLAND, NE 68803 and iV1ARY E LEISER, whose address is 4416
<br /> EDNA DR, GRAND ISLAND, NE 68803; HUSBAND AND WIFE {"Trustor"); Equitable Bank,
<br /> whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE 68802-0160 (referred
<br /> to below sometimes as "Lender" and sometimes as "Beneficiary"); and Equitable Bank (Grand
<br /> Island Region), whose address is 113-195 N Locust St; PO Box 160, Grand Island, NE
<br /> 68802-0160(referred 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 following described real
<br /> property, together with all existing or subsequently erected or affixed buildings, improvements and fi�ures; all
<br /> easemeMS,rights o#way, and appurtenances;all water,water rights and ditch rights (including stock in utilities with
<br /> ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without
<br /> . limitation all minerals, oil, gas; geothermal and similar matters, (the "Real Peoperty"D located in HALL
<br /> County,Sta4e of Nebraska:
<br /> LOT TWO (2),N BLOCK TWO (2), IN GOSDA SUBDiVIS10N, IN THE CITY OF GRAND
<br /> ISLAND, IN HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 4016 EDNA DR, GRAND ISLAND, NE
<br /> 68803. The Real Property tax ident�fication number is 400155982.
<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 secvrity 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 /> PERSONAL PROPERTY,IS GNEN 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 FOLLOWfNG 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 T�ust 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 PROPER'fY. Trusmr agrees that 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 /> conirol of ihe Property; (2) use,operate or manage the Property;and (31 collect the Rents from the Property.
<br /> . Duty to Maintain. Trustor shall maintain the Property in good wndition and promptly perform all repairs,
<br /> replacements,and maintenance necessary to preserve its value.
<br /> Compliance With Environmerrtal Laws. Trustor represents and warrants to Lender thaL (1) During the period of
<br /> Trustor's ownership of the Property,there has been no use,generation,manuiacture,storage,treatment,disposal,
<br /> release or threatened release of any Hazardous Substance by any person on, under, about or from the Property;
<br /> (2) Trastor 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, (b) any use,
<br /> generation, manufacture, storage,treatment, disposal,release or threatened release of any Hazardous Substance
<br /> on, under, about or from the Property by any prior ov�ners or occupants of the Property, or (c1 any actual or
<br /> threatened litigation or daims of any kind 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,contrector,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 from the Property;and ibl any such activity shall be conducted in complianee with
<br /> all applicable federal, state,. and local laws, regulations and ordinances, including without limitation all
<br /> Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such
<br /> inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the
<br /> Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be 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 /> investigating the Property for Hazardous Substances. Trustor hereby (1) releases and waives any future claims
<br /> against Lender for indemnity or contribution in the event Trustor becomes liable for deanup or other costs under
<br />
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