The bicycle and the hill
Neither kind of mechanical energy is trapped where it is. A cyclist freewheeling over a hill turns one into the other and then back again, without pedalling once.
Figure to be added
Going up
A bicycle is ridden quickly along a level road and then reaches the foot of a small hill. The rider stops pedalling. The speed the bicycle already had may still carry it to the top — but as it climbs, its speed falls away steadily.
What is happening to the energy
At the summit the kinetic energy has fallen to a minimum and the potential energy has risen to a maximum.
Coming down
If the bicycle has managed to pass the summit, the rider can travel down the far slope without pedalling at all — and as it descends, its speed steadily increases again.
What is happening to the energy
By the bottom the bicycle is moving quickly again, and most of the potential energy is gone.
The conversion runs both ways
Ek → Ep → Ek
Kinetic energy can be converted into potential energy, and potential energy back into kinetic energy. Nothing is being created or destroyed on that hill — the same energy is simply changing which of the two forms it is held in.