|
�
<br />��
<br />�
<br />N �
<br />0 ��
<br />�
<br />� �
<br />B
<br />� -
<br />�
<br />� �
<br />�
<br />��
<br />-
<br />�
<br />d
<br />�
<br />y O
<br />���
<br />�
<br />p
<br />�
<br />n� _
<br />� �
<br />�
<br />��d
<br />� d ;
<br />�..
<br />r
<br />r
<br />n
<br />o�
<br />� �
<br />m
<br />c
<br />�
<br />--i
<br />rn
<br />�
<br />c�
<br />�
<br />a .,
<br />r*ti
<br />�
<br />0
<br />N
<br />:�
<br />«_..
<br />c'7
<br />r�
<br />[7
<br />N
<br />�
<br />'Z7
<br />3
<br />f-.+
<br />N
<br />cn
<br />a-+
<br />• c� cn
<br />� --1
<br />C A
<br />-�.� m
<br />�o
<br />o -*�
<br />- n z
<br />� rn
<br />2> C37
<br />r �
<br />r n
<br />v�
<br />�c
<br />D
<br />��
<br />�
<br />�
<br />N
<br />O
<br />p.-�►
<br />F.-+�
<br />O
<br />�
<br />�J
<br />CJ'?
<br />1
<br />u
<br />u
<br />r�
<br />.
<br />�
<br />WHEN RE�OaD� 1VII�IL TO:
<br />Platte Valley State Bank & Trust Company �co
<br />PVSB Grand Island Branch �fA�
<br />810 Allen Dr
<br />Grand Island NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated December 22, 2011, among Tim C. Plate; a Single Person
<br />("Trustor"); Platte Valley State Bank & Trust Company, whose address is PVSB Grand Island
<br />Branch, 810 Allen Dr, Grand Island, NE 68803 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and Platte Valley State Bank & Trust Company, whose address is
<br />810 Allen Dr, Grand Island, NE 68803 (referred to below as "Trustee"1.
<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 fixtures; all
<br />easements, rights of 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, (th� "Real Propei'ty") IoCated in Hall County,
<br />` State of Nebraska:
<br />Lot Eighteen (18), in Block Three (3), in Southern Acres, an Addition to the City of Grand
<br />Island, Hall County, Nebraska. AND Lot Nineteen (191, in Block Three (3), in Southern
<br />Acres, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 2604 and 2608 Chanticleer, Grand
<br />Island, NE 68801.
<br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving
<br />line of credit, which obligates Lender to make advances to Trustor so long as Trustar complies whh all 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 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 GIVEN TO SECURE (A) PA'YMENT OF 7HE 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 otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br />amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br />Trustar's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor 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 />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br />Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal,
<br />release or threaYened �relaase of any Hazardous Substance by any person on, under, about or from the Property;
<br />(2) Trustor 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 owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims 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, contractor, 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 (b) any such activity shall be conducted in compliance 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 co mpliance 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 waivas any future claims
<br />
|