|
m
<br /> � � N p� �
<br /> m"' � cD m
<br /> � � n� � N zm N m
<br /> � �o � . 0 �O 0 0
<br /> � zD p n �z j CD/)
<br /> � T� m �I D� � �
<br /> � m�m-, p D r cDn o�o �
<br /> tr�o C/� � � C
<br /> � �
<br /> N ro � �� z
<br /> �� N � �
<br /> � Z
<br /> O
<br /> WHEN FiECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 160
<br /> Grand Island. NE 68802-0'160 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST is dated December '14, 2012, among WALTER C SORENSEN, whose
<br /> address is 401 S Alexandria St, Cairo, NE 6882402'17 and LAURA J SORENSEN, whose
<br /> address is 401 S Alexandria St, Cairo, NE 688240217; husband and wife ("Trustor");
<br /> Equitable Bank, whose address is Diers Avenue Branch, PO Box '160, Grand Island, NE
<br /> 68802-0160 (referred to below sometimes as RLender" and sometimes as "Beneficiary"); and
<br /> Equitable Bank (Grand Island Region), whose address is 'I'13-7 15 N Locust St; PO Box 160,
<br /> Grand Island, NE 68802-0760 (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 fixtures; all
<br /> easements, righis ofi way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br /> ditch or irrigation rights); and all oiher rights, royalties, and profits relating to the real property, including without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, (the "R0a1 PCOperty") IOCated in Hall County,
<br /> State of Nebraska:
<br /> Tract 1: Lots Seventeen (17) and Eighteen (18), in Block Nine (9), in the Original Town of
<br /> Cairo, Hall County, Nebraska
<br /> And
<br /> Tract 2: Lots Eleven (1 1) and Twelve (12) in Block Seventeen (17), Original Town of Cairo,
<br /> Hall County, Nebraska
<br /> The Real Property or irts address is commonly known as 303 S High St & 401 S ABexandria,
<br /> Cairo, NE 68824_ The Real Property tax identification number is 400170256 & 400770477_
<br /> CROSS-COLLATERALIZATION. In addition to the Note, this Deed ofi 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 by Lender against Trustor
<br /> or any one or more ofi them, whethet now exfsting or hereafter arising, whether related or unrelated to the purpose of
<br /> the Note, wnether voluntary or 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 witn�. otners,
<br /> whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon.such amounts
<br /> may be or hereafter may become barted by any statute of Iimitations, and whether the obligation to repay such amounts
<br /> may be or hereafter may become otherwise unenforceable.
<br /> FUTURE ADVANCES. In add'ition to the NoYe, this Deed of Trust secures all future advances made by Lende�to Trustor
<br /> whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust
<br /> secures, in addition to the amounts specified i�n the Note, all fuYure amounts Lender in its discretion may loan to
<br /> Trustor,together with all interest thereon. �
<br /> Trustor presently assigns to Lender (also known as Beneficiary in this Deed ofi Trust) all of Trustor's right, title, and
<br /> interest in and to all present and future Ieases ofi the Property and all Rents from the Proper[y. In addiiion, 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 /> ANY AND ALL OBLIGATIONS 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 ofi
<br /> Trustor's obligations under the Note,this Deed of Trust, and the Related Documents.
<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, TtusYor 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.
<br /> Duty to Maintain. Trustor shall maintain the Property in tena�table condition and promptly perform all repairs,
<br /> replacements, and maintenance necessary to preserve its value.
<br /> Compliance Witt� Environmental Laws. Trustor represents and warrants to Lender ihat: (7) During the period of
<br /> Trusrtor's ownership ofi the Property,there has been no use, generation, manufiacture, storage,treatment, disposal,
<br />
|