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<br /> DEED Qf_IRUST
<br /> Loan # 809267
<br />
<br />This DEED OF TRUST is made as of the day of by and among the Trustor, R~.!_~
<br />Carpenter and Jonadyne A Carpenter. Husband and Wife, whose mailing address for
<br />purposes of this Deed of Trust is ItUl....,W,"..s.tQJ1~y,. Park Cir. (herein, "Trustor",
<br />whether one or more), the Trustee, -.Equitable Bank whose mailing address is113-lJ5 N. Locust
<br />St. Grand Island, NE 68801 (herein "Trustee"), and the Beneficiary, Equitable Bank, whose
<br />mailing address is , PO Box 160, Grand Island, NE 68802 (herein "Lender").
<br />
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to Rex E Carpenter and Jon~c!yne A Carl!!:.)!lJ~r.."Husband and Wife (herein
<br />"Borrower", whether one or more), and the trust herein created, the receipt of which is hereby
<br />acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee,
<br />IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and
<br />subject to the terms and conditions hereinafter set forth, legally described as follows:
<br />
<br />LOT ONE (1), WOODLAND FIRST SUBDIVISION, AND ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />
<br />which has the address of J.Q36 S. Locust St. (Street) Grand Island (City), Nebraska 68801
<br />(Zip Code) ("Property Address");
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to,
<br />heating and cooling equipment and together with the homestead or marital interests, if any,
<br />which interests are hereby released and waived, all of which, including replacements and
<br />additions thereto, is hereby declared to be a pad of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property".
<br />
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by a Promiss.Qf.LNote dated 12/22/2005, having a maturity date of OS/22/2010, in
<br />the original principal amount of Four Hundred l~J(ty Thousand and No/I00 Dollars
<br />($450,000,00), and any and all modifications, extensions and renewals thereof or thereto and
<br />any and all future advances and readvances to Borrower (or any of them if more than one)
<br />hereunder pursuant to one or more promissory notes or credit arrangements (herein called
<br />"Note"); (b) the payment of other sums advanced by Lender to protect the security of the
<br />Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d)
<br />all present and future indebtedness and obligations of Borrower (or any of them if more than
<br />one) to Lender whether direct, indirect, absolute or contingent and whether arising by note,
<br />guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other
<br />documents that secure the Note or otherwise executed in connection therewith, including
<br />without limitation guarantees, security agreements and assignments of leases and rents, shall
<br />be referred to herein as the "Loan Instruments".
<br />
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />
<br />1) Payment of Jnd~lJtedness. All indebtedness secured hereby shall be paid when due.
<br />
<br />2) Title. Trustor is the owner of the Property, has the right and authority to convey the
<br />Property and warrants that the lien created hereby is a tirst and prior lien on the Property
<br />
<br />" .)
<br />
<br />c)
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