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<br />WHEN RECORDED MAIL TO:
<br />Platte Valley State Bank 8� Trust Company
<br />PVSB Grand Island Branch � �
<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 June 7, 2012, among Karl Kostbahn, whose address is 2204
<br />VYoodridge Ct, Grand Island, NE 68801 and Phyllis J. Kostbahn, whose address Is 2204
<br />Woodridge Ct, Grand Island, NE 68801, as Husband and Wife ("Trustor"); Platte Valley State
<br />Bank � Trust Company, whose address is PVSB Grand Island Branch, 810 Allen Dr, Grand
<br />Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br />and Platte Valley State Bank & Trust Company, whose address is 2223 2nd Ave, Kearney, NE
<br />68848 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable conslderaUon, Trustor conveys to Trustee In trust, WITH POWER OF SALE,
<br />for the benetit 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 afFxed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; atl water, water rights and ditch rights (including stock in utilities with
<br />ditch or IrrigaUon rights); and all other rights, royalties, and proftts� relatlng to the real property, includln without
<br />IimitaUon all minerals, oil, gas, geothermal and similar matters, (the Real Propel'h/' ) located �n Hall �ounty,
<br />State of Nebraska:
<br />Lot Twenty Three (23), Block One (1), Brentwood Subdivision, to the City of Grand Island,
<br />Hall County, Nebraska.
<br />The Real Properly or iis address is commonly known as 2204 Woodridge Ct, Grand Island, NE
<br />68801. The Real Property tax identiflcation number is 400024438.
<br />FUTURE ADVANCES. In add�ion to the Note, this D�d of Trust secures all future advances made by Lender to Trustor
<br />whether or not the advances are made pursuant to a commitrnent Specifically, without limitatlon, this D�d of Trust
<br />secures, in add�fon to the amounts 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 Beneftciary in this Deed of Trust) all of Trustor's right, tlUe, and
<br />interest in and to all present and future leases of the Properly and all Rents from the Property. In addition, Trustor
<br />grants to Lender a Uniform Commercial Code security 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 3ECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGA710NS 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 />Trustors obligations under the Note, this D�d of Trust, and the Retated Documents.
<br />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) remain in possessfon and
<br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Malntaln. Trustor shall maintain the Property in good conditlon and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compllance With Environmental L.aws. Trustor represents and warrants to Lender that: (1) During the perfod of
<br />Trustor's ownership of the Property, there has been no use, generaUon, manufacture, 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 been, except as previously disclosed to and
<br />acknowledged by Lender in writing, (a) any breach or violatlon of any Environmental Laws, (b) any use,
<br />generaUon, manufacture, storage, treatrnent, 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 adual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) E�ccept as previousiy
<br />disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other
<br />authorized user of the Prope►ty shall use, generate, manufacture, store, Veat, dispose of or release any Hazardous
<br />Substance on, under, about or from the Properly; and (b) any such activity shall be conducted in compliance with
<br />all appl(cable federal, state, and local laws, regulations and ordinances, including without IimitaUon all
<br />Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Properly to make such
<br />inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the
<br />Property wtth this section of the Deed of Trust. Any inspections or tests made by Lender shail 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
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