|
r
<br />2 0120509J
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch •
<br />2015 North Broadwell
<br />Grand Island. NE 68803 FOR RECORDER'S USE ONLY
<br />FtvE POINTS B�41uK
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated March 29, 2072, among OAK FARMS INC., A NEBRASKA
<br />CORPORATION ("Trustor"); Five Points Bank, whose address is North Branch, 2015 North
<br />Broadwell, Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes
<br />as "Beneficiary"); and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE
<br />68802-1507 (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 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 tixtures; 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, (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />BEGINNING AT THE SOUTHWEST CORNER OF THE NORTH HALF OF THE NORTHWEST
<br />�UARTER (IV 7/2 MV1l 7/4) OF SECTION TWEI1lTY OIVE (210, TOUVNSHIP TlNELVE (12),
<br />NORTH, RANGE NINE (9), WEST OF THE 6TH P.M., THENCE SOUTH ON THE WEST LINE
<br />OF THE SECTION THREE HUNDRED SEVENTY (370) FEET, THENCE EAST FOUR HUNDRED
<br />TWENTY (420) FEET, THENCE NORTH PARALLEL TO THE WEST LINE OF THE SECTION
<br />FIVE HUNDRED TWENTY (520) FEET, THENCE WEST FOUR HUNDRED TWENTY (420)
<br />FEET TO THE WEST LINE OF THE SECTION, THENCE SOUTH ONE HUNDRED FIFTY (150)
<br />FEET TO THE POINT OF BEGINNING, CONTAINING FIVE (5) ACRES, MORE OR LESS.
<br />The Real Property or its address is commonly known as 5701 N US HIGHWAY 281, GRAND
<br />ISLAND, NE 68803-9324.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, of either Trustor or Borrower to Lender, or any one or more of them, as well as all claims by
<br />Lender against Borrower and Trustor or any one or more of them, whether now existing or hereafter arising, whether
<br />related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br />indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or
<br />otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of
<br />
|