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<br />WHEN RECORDED MAIL T0: ��
<br />Platte Valley State Bank � Trust Company �'Q ��'
<br />PVSB Grand Island Branch �� � �y°
<br />810 Allen Dr
<br />Grand Island. NE 68803 FQR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated April 16, 2012, among William T. Warren, whose address is
<br />4115 Prairte Ridge Ln., Grand Island, NE 68803 and Mary E. War�en, whose address is 4115
<br />Prairie Ridge Ln., Grand Island, NE 68803; as Husband and Wife ('Trusto�"); Platte Valley
<br />State Bank & Trust Company, whose address is PVSB Grand Island Branch, 810 Allen Dr,
<br />Grand Island, NE 68803 (referred to below sometimes as "Lende�" and sometimes as
<br />"Beneflciary"); and Platte Valley State Bank 8� Trust Company, whose address is 2223 2nd
<br />Ave, Kearney, NE 68848 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consldernUon, Trustor conveys to Trustee In trust, WITH POWER OF SALE,
<br />for the benefit of Lender as Beneflciary, all of Trustors Mght, title, and interest in and to the following described real
<br />property, together with all existing or subsequentiy 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 />dftch or irrigation rights); and all other rights, royalties, and profits�relatin to the real property, includin without
<br />Iimitation all minerals, oil, gas, geothermal and similar matters, (the Real �roperty ) located in Hall �ounty,
<br />State of Nebraska:
<br />Lot Thirty Seven (37), Country Meadows Subdiv[sion, Bn the C6ty o# Grarad _lsla¢�d, Hall
<br />County, Nebraska
<br />The Real Property or Its address is commonly known as 4115 Prairie Rldge Ln., Grand Island,
<br />NE 68803. The Real Property tax identification number is 400410427.
<br />FUTURE ADVANCE$. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor
<br />whether or not the advances are made pursuant to a commitment. Speciflcally, without limitation, this Deed of Trust
<br />secures, in addition to the amounts specffled in the Note, all future amounts Lender in its discretion may loan to
<br />Trustor, together with all interest thereon.
<br />Tn.rstor presently assigns to Lender (also known as Beneficiary in this Deed of Tn.�st) 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 addftion, Trustor
<br />grants to Lender a Unfform Commercial Code security interest fn the Personal Properly 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) 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 TRU3T IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE Except as otherrvise 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 />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that TrustoPs possessfon and use of the
<br />Property shall be govemed by the following provisions:
<br />Possesslon 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 MaiMaln. Trustor shall maintain the Property in good condition and promptly pertorm all repairs,
<br />replacements, and ma(ntenance necessary to preserve its value.
<br />Compllance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the perfod of
<br />Trusto�'s ownership of the Property, there has been no use, generation, manufacture, storage, treatment, dfsposal,
<br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Properly;
<br />(2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disGosed 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 relatlng to such matters; and (3) Except as previously
<br />disclosed to and acknowledged by Lender in writing, (a) ne(ther 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 appflcable federal, state, and local laws, regulaUons and ordinances, including without Iimttation all
<br />Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such
<br />inspedions and tests, at Trusto�'s expense, as Lender may deem appropriate to determine compliance of the
<br />Property wfth this sect(on of the Dced of Trust. Any inspedions or tests made by Lender shall be for Lender's
<br />purposes only and shall not be consVued to create any responsibility or Ifability on the part of Lender to Trustor or
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