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<br />WHEN RECORDED MAIL TO:
<br />Exchange Bank
<br />South Locust Branch
<br />939 S Locust St
<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is dated April 25, 2072, among DARRE L D HINRICHS and MARLEIVE
<br />M HINRICHS , Husband and Wlfe ("Trustor"); Exchange Bank, whose address is South Locust
<br />Branch, 939 S Locust St, Grand Island. NE 68801 (referred t below sometimes as °Lender"
<br />and sometimes as "Beneficiary"); and Exchange Bank , whose address is PO Box 5793. Grand
<br />Island, NE 68802 (referred to below as "Trustee"►.
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<br />CONVEYANCE AND GRANT. For valuable conslderation, Trustor conveys to T ustee in trust, WITH POWER OF SALE,
<br />for the benefit of Lender as Beneficiary, all of Trustor's right, titie, and interes in and to the following described real
<br />property, together with all existing or subsequently erected or affixed bui dings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; all water, water rights and ditc rights (including stock in utilities with ��
<br />ditch or irrigation rights); and all other rights, royaities, and profits relating o the real proPerty, including without ,�—
<br />limitation all minerals, oil, gas, geothermel and similar matters, (the " al Property ) IOCated in HALL ��
<br />County, St�te of Nebraska:
<br />LOT FIFI'EEN (15). WESTWOOD PARK SEVENTH SUBDIVI$ION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA. I
<br />The Real Property or its address is commonly known as 422 TEAKWOOD CIRCLE , GRAND
<br />ISLAND , IVE 68803. The Real Property tax identification numb r is 400411768.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust si
<br />plus interest thereon, of Trustor to Lender, or any one or more of them, as w
<br />or any one or more of them, whether now existing or hereafter arising, whet
<br />the Note, whether voluntary or otherwise, whether due or not due, direct
<br />absolute or contingent, liquidated or unliquidated, whether Trustor may be
<br />whether obligated as guarantor, surety, accommodation party or otherwise, f
<br />may be or hereafter may become barred by any statute of limitations, and whe
<br />may be or hereafter may become otherwise unenforceable. If the Lender is re
<br />under Truth in Lending in connection with any additional loans, extensions of
<br />Trustor to Lender, then this Deed of Trust shall not secure additional loans or
<br />given.
<br />res all obligations, debta end liabilities,
<br />as all claims by Lender against Trustor
<br />related or unrelated to the purpose of
<br />indirect, determined or undetermined,
<br />ble individually or jointly with others,
<br />whetherrecovery upon such amounts
<br />�r the obligation to repay such amounts
<br />red to give notice of the right to cancel
<br />dit and other liabilities or obligations of
<br />i4ations unless and until s�ch notice is
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed o Trust) all of Trustor's right, title, and
<br />interest in and to all present and future leases of the Property and all Rents rom the Property. In addition, Trustor
<br />grants to Lender a Uniform Commercial Code security interest in the Personal Pr perty and Rents.
<br />THIS DEED OF TRUST, INCLUDIIIIG THE ASSIGNMENT OF RENTS AND THE S CURITY INTEREST IN THE RENTS AND
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEB EDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMEN , 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 f Trust, Trustor shall pay to Lender all
<br />amounts secured by this Deed of Trust as they become due, and shall strictl and in a timely manner perform all of
<br />Trustor's obligations under the Note, this Deed of Trust, and the Related Docum nts.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees tha Trustor's possession and use of Yhe
<br />Property shall be governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trust r may (1) remain in possession and
<br />control of the Property; (2) use, operate or manege the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable con ition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants t Lender that: (1) During the period of
<br />Trustor's ownership of the Property, there has been no use, generation, m nufacture, storage, treatment, disposal,
<br />release or threatened release 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 bee , except as previously disclosed to and
<br />acknowledged by Lender in writing, (a) any breach or violation of an Environmental Laws, (b) any use,
<br />generation, manufacture, storage, treatment, disposal, release or threaten d ralease 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 releting to such atters; and (3) Except as previously
<br />disclosed to and acknowledged by Lender in writing, (a) neither Trustor n r any tenant, contractor, agent or other
<br />authorized user of the Property shall use, generate, menufacture, store, tre t, dispose of or release any Hazardous
<br />SubsYance on, under, about or from the Property; and (b) any such activit shall be conducted in compliance with
<br />all applicable federal, state, and local laws, regulations and ordina ces, including without limitation ell
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