Laserfiche WebLink
m <br /> � � N p� � <br /> m"' � cD m <br /> 1 � n�� N Zm N m <br /> 1 �o� , 0 �O 0 0 <br /> � � �c�p m �T N uDi <br /> Z y C� �7 Z � <br /> rn � G��0 O Dop p cn <br /> � <br /> m�o � D �cn rn � <br /> � cn o m � � � <br /> �m � "� Z <br /> o� � � <br /> <}i Z <br /> O <br /> WHEN RECORDED MAIL TO: <br /> Equitable 6ank <br /> North Locust Branch <br /> 173-115 N Locust St <br /> PO Box 160 <br /> � Grand Island.NE 68802-0760 FOR RECORDER'S USE ONLY <br /> DEED OF TRUST <br /> TFElS DEED OF TRUST is dated December 14, 2072, among WING PROPERT9ES, INC., whose <br /> address is 120 E 3RD ST, GRAND ISLAND, NE 68801; A NEBRASlCA CORPORATION <br /> ("Trustor"); Equitable Bank, whose address is North Locust Branch, 113-795 N Locust St, PO <br /> Box 760, Grand Island, NE 68802-0760 (referred to below sometimes as "Lencler°° a�d <br /> sometimes as "Beneficiary"); and Equi#able Bank (Gra�d Isiand RegionD, whose address is <br /> 173-115 N Locust St; PO Box 160, Grand Island, IVE 68802-0760 (referred to below as <br /> "Trustee"). <br /> CONVEYANCE AND GRANT. For valuable consideration,Trustor conveys to Trustee in trust,WlTH 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 /> properry, together with all existing or subsequently erected or afifixed buildings, improvements and fixtures; all <br /> easements,rights of way, and appurtenances;all water, water rights and ditch rights (including stock in utilRies with <br /> ditch or irrigation rights7; and all other rights, royalties, and profiYs relating to the real property, including withouY <br /> limitation all minerals, oil, gas, geothermal and similar matters, (th2 "Real Property') IOCBtEd 117 I"IALL <br /> County,State of Nebraska: <br /> THE EAST TWENTY TWO (22) FEET OF THE WEST FORTY FOUR (44} FEET OF THE <br /> NORTH EIGHTY EIGHT (88) FEET OF LOT FOUR (4D, SLOCK SIXTY SIX (66), IIV THE <br /> ORIGfNAL TOWN, NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA <br /> The Real Property or its address is commonly known as 121 W 3RD ST, GRAND ISLAND, NE <br /> 68801. The Real Property tax identification number is 400005662. <br /> CROSS-COLLATERALIZATION. In addition to the Note,this Deed of Trust secures all obligations,de6ts and liabitities, <br /> plus interest thereon,of Trustor io 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,whether now existing or hereafter arising,whether related or unrelated to the purpose of <br /> the Note, whether 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 joinLly with others, <br /> whether obligated as guarantor,surety,accommodation party or otherwise,and whether recovery upon such amounts <br /> may be or nereafter may become barred by any statute of limitations,antl whethEr the obligation to repay such amounts <br /> may be or fiereafter may become otherwise unenforceable. <br /> FUTURE ADVANCES. In addiiion to the Note,this Deed of Trust secures ali future advances made by Lender to Trustor <br /> whether or not the advances are made pursuant to a commitrneM. Specifically,without limitation,this Deed of Trust <br /> secUres, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan fo <br /> Trustor,together with all interest thereon. <br /> Trustor presently assigns to Lender (also known as Beneficiary in Yhis Deed of Trust) all of Trustor's 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 SfCURIN 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 YhiS 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 alf af <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; 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. <br /> . Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, <br /> replace�ments,and maintenance necessary to preserve its value. <br /> Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (7) During the period of <br /> Trustor's ownership of the Property,there has bee�no use,generation,manufacture,storage,treatment,disposal, <br /> release or threatened release of any Hazardous Substance by any person on, undsr, about or from the Property; <br /> (2{ Trustor has no knowledqe of,.or reason to believe that there has 6een,except as previously disclosed to and <br /> acknowledged by Lender in writing, (a) any preach or violation of any Environmental Laws, (b) any use, <br />