|
N
<br />�
<br />�
<br />N
<br />�
<br />W
<br />�
<br />�
<br />,,�`,.._
<br />7 .� k .,, �, .
<br />; ' , ���f�l :
<br />�. .
<br />�::
<br />;�:�
<br />�r�
<br />,,�
<br />Rm
<br />�
<br />� �
<br />� � s•
<br />� b e�� r-.
<br />� � ��
<br />� _ �
<br />� � � �_
<br />r �-
<br />� .�' �
<br />� I S,� ...
<br />� 21
<br />� r�i � . }�
<br />Q c>
<br />'� � r, ' _ � - �a
<br />�
<br />� �
<br />� I"�1
<br />�l
<br />r� �i'� C.>>
<br />-r{
<br />`_� �Y_ , ^
<br />9 .� �J 1
<br />�'r q � �J
<br />�
<br />�
<br />��
<br />o�
<br />��
<br />z rn
<br />--�
<br />-� �
<br />� �
<br />-*� z
<br />�. �
<br />�—' .:J
<br />r n
<br />c,�,
<br />v
<br />`/ �/
<br />�
<br />Sn
<br />WHEN RECORDED MAIL TO:
<br />GREAT WESTERN BANK
<br />Grand Island - Webb Rd
<br />, 700 N Webb Rd
<br />' Grand Island. NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $525,000.00.
<br />THIS DEED OF TRUST is dated June 1, 2012, among Oklief, LLC, a Nebraska Limited Liability
<br />Company ("Trustor"); GREAT WESTERN BANK, whose address is Grand Island - Webb Rd, 700
<br />N Webb Rd, Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes
<br />as "Beneficiary"); and Great Western Bank, whose address is PO Box 4070, Omaha, NE
<br />68104-0070 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the beneflt of Lender as Beneflclary, 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 relaUn to the real prope�'�y, mcluding without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the " Real �roperty IOCatetl Itl Hell CoUnty,
<br />State of Nebraska:
<br />Lot Twenty (21) in Westgate Subdivision, Grand Island, Hall County, Nebraska
<br />The Real Property or its address is commonly known as 3724 Westgate Road, Grand Island,
<br />NE 68803.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor
<br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Trustor may be liable individually or jointly with others,
<br />whether obligated as guarentor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become othervvise unenforceable.
<br />FUTURE ADVANCES. 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. Specifically, without limitation, this Deed of Trust
<br />secures, in addition to the amounis specified in the Note, all future amounts Lender in its discretion may loan to
<br />Trustor, together with all interest thereon.
<br />Trustor presenUy 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 securiry interest in 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 OBUGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />I DEED OF TRUST IS GNEN 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 strfctly and in a timely manner pertorm all of
<br />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />I POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br />, Property shall be govemed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) rema(n 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 Maintatn. Trustor shall maintain the Property in tenantable condition and promptly pertorm all repairs,
<br />' replacements, and maintenance necessary to preserve its value.
<br />I 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 threatened release of any Hazardous Substance by any person on, under, about or from the Properry;
<br />, (2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and
<br />N
<br />O
<br />�
<br />�
<br />O
<br />�
<br />�
<br />�
<br />�4!
<br />E sT
<br />`r
<br />7e
<br />-�;
<br />-:.a
<br />�s
<br />��`
<br />�
<br />-�
<br />�lC�
<br />�� �
<br />
|