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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 160
<br /> Grand Island,NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> CONSTRUCTION DEED OF TRUST
<br /> THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br /> WITHIN THE MEAMNG OF TNE NEBRASKA CONSTRUCTION LIEN ACT
<br /> THIS DEED OF TRUST is dated September 10, 2072, among GOODWILL INDUSTRIES OF
<br /> GREATER NEBRASKA, whose address is 1804 S EDDY ST, GRAND ISL,4ND, NE 68802; A
<br /> NEBRASKA NOiV-PROFIT CORPORATION ("Trustor"); Equitable Bank, whose address is Diers
<br /> Avenue Branch, PO Box 960, Grand Island, NE 68802-0160 (referred to below sometimes as
<br /> "Lender" and sometimes as "Beneficiary"); and Equitable Bank (Grand Island Regionl, whose
<br /> address is 713-715 N Locust St; PO Box 760, Grand Island, NE 68802-0160 (referred to
<br /> below as"Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration,Trustor conveys to Tmstee in trust,WITH POWER OF SALE.
<br /> for the benefit of Lender as Beneficiary,aII of Trustors right,title,and interest in and to the following described real
<br /> property, together with all existing or subsequently erected or a�xed buildings, improvements and fixtures; all
<br /> easements, rights of way, and appurtenances; all water,water rights antl ditch rights (including stock in utiliYies 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 PCopefty") located. in HALL
<br /> County,State of Nebraska:
<br /> LOT TWO (2), CHIEF FAB SECOND SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br /> COUNTY,NEBRASKA
<br /> The Real Property or its address is commonly known as 1140 S LINCOLN AVE, GRAND
<br /> ISLAND,NE 68801. The Real Property tax identification number is 400206870 .
<br /> CROSS-COLLATERALIZATION. In addition m 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 6y Lender against Trustor
<br /> or any one or more of them,whether now existing or hereafter arising,whether related or unrelaied to.the purpose of
<br /> the Note, whether voluntary oe 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 guarantor,surety,accommodation party or otherwise,and whether recovery upon such amounts
<br /> may be or hereafter may become barred 6y any statute of limitations,and whether the obligation to repay such amounts
<br /> may be or hereafter may become otherwise 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,withoat limitaiion,this Deed of Trust
<br /> secures; in addition 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 presently assigns to Lender lalso known as Beneficiary in this Deed of Trustl all of Trustor's Fight,title, antl
<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 RENYS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY,IS GIVEN TO SECURE �A1 PAYMENT OF THE INDEBTEDNESS AND (B] PERFORMANCE OF
<br /> ANY AND ALL OBLIGATIONS UNDER THE NOTE,THE RELATED DOCUMENTS,AND THIS DEED OF TRUST. THIS
<br /> DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PROPERTY, IS ALSO GNEN TO SECURE ANY AND ALL OF TRUSTOR'S OBLIGATlONS UNDER THAT
<br /> CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN TRUSTOR AND LENDER OF EVEN DATE HEREWITH. ANY
<br /> EVENT OF DEPAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED DOCdiMENTS
<br /> REFERRED TO THEREIN,SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF
<br /> 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 /> Trustor's obligations under the Note,this Reed of Ttust,and the Related Documents.
<br /> CONSTRUCTION MORTGAGE. This Deed of Trust is a"construction mortgage" for the purposes of Sections 9-334
<br /> and 2A-309 of the Uniform Commercial Code,as those sections have been adopted by the State of Nebraska.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br /> Property shall be governed by the following provisions:
<br /> Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br /> control of the Property; (2) use,operate or manage the Property;and (3) collect the Rents from the Property.
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