|
_i
<br />_i
<br />10.5
<br />Jacob North Printing Co., Lincoln, NE 68524
<br />-
<br />�
<br />N �
<br />0
<br />�
<br />� �
<br />N �
<br />a�
<br />�
<br />�
<br />a �
<br />�
<br />�
<br />�
<br />�
<br />-
<br />�
<br />e
<br />���
<br />�
<br />��
<br />I
<br />i �
<br />`� �
<br />O
<br />�
<br />DEED OF TRUST
<br />r �.
<br />r Q,
<br />c� r"h'
<br />Q +;
<br />� � ._.
<br />rn -
<br />��, ; _.
<br />J', .( ,:--�
<br />r-i
<br />.o
<br />_..' �.,..
<br />, r,' .
<br />,�� �
<br />V�l
<br />O �
<br />)
<br />r .,
<br />r.�
<br />��
<br />�V
<br />- ;'o
<br />�.-
<br />��
<br />r�
<br />��
<br />�
<br />N
<br />�` J
<br />��
<br />n N
<br />� _"�
<br />C D
<br />z rn
<br />--�
<br />-� o
<br />� T
<br />-•, Z
<br />_ �
<br />� �
<br />r �
<br />r n
<br />�
<br />�
<br />D
<br />v �
<br />V7
<br />!�
<br />�
<br />THIS DEED OF TRUST, is made as of 1 s t day of Au us t , 201 Z , by
<br />and among LEO LISKE and MAXINE LISKE, Husband and W fe (°T��r"), whoae mailing addreas ie
<br />177�I AIL�'1...�.�...`...� /1..�.�� T�1��> 1TT LOOA7. TAT11�T 1R�TT191u1ATT A41�...��...�� wF T..�.
<br />("Trustee"), whose mailiag addreas
<br />and PLATE ENTERPR SES LLC ("Beneficiary")
<br />whose mailiag address is 2 09 E. Stolley Park Rd. , Grand Is and, NE.
<br />� �" FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and aseigna to Z�ustee, IN TRUST, WITH
<br />WER OF SALE, for the benefit and security of Beneficiary, under and aubject to the terms and conditions of thie Deed of Truat,
<br />� e real property loc:at$d in the Citq of Grand Island , County of
<br />Hall , State of Nebraska, and legally described as followa (the "Property"):
<br />�Lots One (1) and Two (2), Schuster Subdivision, City of Grand Island, Hall County, Ne
<br />�
<br />� TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys,
<br />� rovements and buildin of an kind aituated thereon and all ersoaal rn
<br />�mp ga y p p perty that may be or hereafter become an integral
<br />�art of such buildings and improvementa, all crops raiaed thereon, and all water rights.
<br />� The Property and the entire estate and interest conveyed to the �vstee are referred to collectively ae the "Truet Estate".
<br />FOR THE PLTRPOSE OF SECURING:
<br />f 1 a. Payment of indebtn�e in the total principal amount of $ 105 , 000 . 00 .�}� ��rest thereon, as evidenced by that
<br />�certain promisaory note of even date (the"Note") with a maturity date of August 1, 2027 ,
<br />executed by Trw�tor, which haa been delivered and ia payable to the order of Beneficiary, and which by thia reference is hereby
<br />made a part hereo� and any and all modificadons, egtensions and renewals thereo� aad
<br />b. Payment of all sums advanced by Beneficiary to protect the 14�ust Estate, with interest thereon at the rate of
<br />Four & One Ha�� ( 4$ %) per annum, and f irst payment due Sept . 1, 2012 in the
<br />c. The performance ofTruetor's covenanta and agreeinents. amount of $803 . 25
<br />This Deed of Trust, the Note, �nd aay other instrument given to evidence or further secure the payment and
<br />perforinance of any obligation secured hereby are referred to collectively as the"Loan Inetrumente".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor ahall pay when due the principal o� and the intereat on, the indebtedaesa
<br />evidenced by the Note, charges, fees and all other sums as provided in tha Loan Instivments.
<br />2. TAXES AND A5SE3SMENT8.1'rustor shall pay all taxes and special aesesementa of every kind, now or hereafter levied
<br />against the trust estate or any part thereof ae followe:
<br />(initial one)
<br />x TYustor shall directly pay auch tagea, without notice or demand as each inetallment comes due and ahall
<br />provide the beneficiary with evidence of the payment of the same.
<br />Trustor shall pay to beaeficiary one-twelt�h of the real estate texes each month and auch other assessments
<br />as they become due. The one-twelfth payment ehall be adjueted annually as the tages change and truetor agrees that
<br />after payment of the tases each year that any deficiency will be promptly paid to Bene$ciar}c Beneffciary agrees
<br />to provide trustor with receipts ehowing that the real estate taxea have been gaid in full and when due.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and estended coverage insurance insuring the improvements
<br />and buildinge constituting part of the Trust Eetate for an amouat no lesa than the amount of the unpaid principal balaace of the
<br />Note (co-insurance not exceeding 80% permitted). Such insurance policy shall contaia a atandard mortgage clause in favor of
<br />Beneficiary and shall not be cancellable, terminable or modifiable without ten (10) days prior writtea notice to Beneficiary.
<br />Truator ahall promptly repair, maintain and replace the Trust Estate or any part theraof ao that, except for ordinary wear and
<br />tear, the'1`ruat Eatate shall not deteriorate. In no event shall the Truetor commit waste on or to the Truet Eatate.
<br />4. ACTIONS AFFECTING TR,UST ESTATE. Trustor shall appear in and contest any action or proceeding purporting ta
<br />affect the security hereof or the righta or powera of Beneficiary or Truetee, and ahall pay all costs and expenBes, including cost of
<br />evidence of title and attorney's fees, in any such action or proceeding in which Beneficiary or Z�ustee may appear. Should Trustor
<br />fail to make any payment or to do any act as and in the manaer provided in any of the Loan Instruments, Beneficiary and/or
<br />Truetee, each in ita own discretion, without obligation so to do and without notice to or demand upon �uetor and without
<br />releasing Trustor from any obligation, may make or do the same in such manner and to auch egtent ae either may deem
<br />necessary to protect the aecurity hereot Trustor ehall, immediately upon demand therefor by Beneficiary, pay all costs and
<br />egpenses incurred by Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, includiag without
<br />limitatioa costs of evidence of title, court costs, appraisals, surveys and attorney's fees. Any auch wsts and espenses not paid
<br />within ten (10) days of written demand shaU draw interest at the default rate provided in the Note.
<br />b. EMINENT DOMAIN. 3hould the Trust Eatate, or any part thereof or interest therein, be taken or dama�ed by reason of
<br />any public improvement or condemnation proceeding, or in any other manner including deed in lieu of Condemnation
<br />("Condemnation"), or should Truator receive any notice or other information regarding such proceeding,l4�ustor shall give prompt
<br />written notice thereof to Beneficiary. Beneficiary shall � entitled to all compensation, awards aad other paymente or relief
<br />therefor, and shall be entitled at its option to commence, appear in and prosecute in its own name any action or proceedinga,
<br />Beneficiary shall also be entitled to make any compromiae or settlement in connection with such taking or damage. All euch
<br />compeneation, awards, damages, rights of action and praceede awarded to Trustor (the "Proceeda") are hereby aseigaed to
<br />Beneficiary and'lYustor a�reea to execute euch fiu�ther aseignments of the Proceeds as Beneficiary or Trustee may require.
<br />6. FLJTCTRE ADVANCES. Upon requeat of Trustor, Beneficiary, at Beneficiar�s option, prior to reconveyance of the Property
<br />to Trustor may m�kP future advances to Trustor. Such future advances, with intsrest thereon, shall be secured by thia Deed of
<br />Truet when evidenced by promiseory notes atating that said notes are secured hereby.
<br />n�.. �1M(1
<br />
|