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<br />WHEN RECORDED MAIL TO:
<br />Platte Valley State Bank 8� Trust Company ;�
<br />PVSB Grand Island Branch ,�4 �
<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 July 13, 2012, among JOHN M HOGGAT°T, whose address is
<br />2730 BRENTWOOD BLVD, GRAND ISLAND, NE 68801 and MELISSA K HOGGATT, whose
<br />address Is 2730 BRENTWOOD BLVD, GRAND ISLAND, NE 68801, Husband and WPfe, as joint
<br />tenants and not as tenants in common ("Trustor"); Platte Valley State Bank 8� Trust Company,
<br />whose address is PVSB Grand Island Branch, 810 Allen Dr, Grand Island, NE 68803 (referred
<br />to below sometimes as "Lender" and sometimes as "Beneficiary"); and Platte Valley State Bank
<br />� Trust, Co. Inc., whose address is PO Box 430, Kearney, NE 68848-0430 (referred to below
<br />as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable conslderation, 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 foliowing 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 profds relatin to the real proQerty, including without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "�eal Property' ) IoCated in HALL
<br />County, State of Nebraska:
<br />LOT NINETEEN (19), BRENTWOOD THIRD SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />The Real Properly or its address is commonly known as 2730 BRENTWOOD BLVD, GRAND
<br />ISLAND, NE 68801. The Real Property tau identification number is 400026155.
<br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving
<br />line of credlt, which obligates Lender to make advances to Trustor so long as Trustor complies wlth all the terms of the
<br />Credlt Agreement. Such advances may be made, repaid, and remade from time to time, subject to the IlmYtation that
<br />the total outstanding balance owing at any one time, not including finance charges on such balance at a flxed or
<br />varlable rate or sum as provided in the Credlt Agreement, any temporary overages, other charges, and any amounts
<br />expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit
<br />Limit as provlded In the Credit Agreement. It is the intention of Trustor and Lender that thls Deed of Trust secures the
<br />balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in the
<br />Credit Agreement and any intermediate balance.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of TrustoPs 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 security interest in the Personal Property 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 />EACH OF TRUSTOR'S AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED
<br />DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GNEN AND ACCEPTED ON THE FOLLO{MNG
<br />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 shail strictly and in a timely manner pertorm ail of
<br />Trustor's obligations under the Credit Agreement, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that TrustoPs 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 possession and
<br />conVol of the Property; (2) use, operate or manage the Property; and (3) collect the Rents� from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and prompUy pertorm all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With EnvironmenYal 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 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 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 relating to such matters; and (3) Except as previously
<br />disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other
<br />�
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