|
N p-
<br /> mn' ° cD
<br /> 0-1 7) W Z m IV in
<br /> = 0o m D �O O o
<br /> o
<br /> �1 D
<br /> 0c• p -nZ cn
<br /> c.o �� T N 2m O z
<br /> m(-, mp r01 C_OO
<br /> co O C0
<br /> cn
<br /> m CD
<br /> 0 o N _
<br /> 0
<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> biers Avenue Branch
<br /> PO Box 160
<br /> Grand Island_ NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> •
<br /> •
<br /> DEED OF. TRUST
<br /> MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $23,000.00_
<br /> THIS DEED OF TRUST is dated April 18, 2013, among ROBERT R WIESE, not personally but as
<br /> Trustee on behalf of ROBERT R WIESE TRUST, whose address is 619 FLEETWOOD RD, GRAND
<br /> ISLAND, NE 688033114; and JOAN A WIESE, not personally but as Trustee on behalf of
<br /> JOAN A WIESE TRUST, whose address is 619 FLEETWOOD RD, GRAND ISLAND, NE
<br /> 6880331 14 ("Trustor"); Equitable Bank, whose ;address is Diers Avenue Branch, PO Box 160,
<br /> Grand Island, NE 68802-0160 (referred to below sometimes as "Lender" and sometimes as
<br /> "Beneficiary"); and Equitable Bank (Grand Island Region), whose address is 113-115 N Locust
<br /> St; PO Box 160, Grand Island, NE 68802-0160 {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, 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 profits relating to the real property, including without
<br /> limitation all minerals, oil, gas, geothermal and similar matters, {the "Real Property") located in HALL
<br /> County, State of Nebraska:
<br /> LOT EIGHTEEN (18), IN WESTWOOD PARK ,FIFTH SUBDIVISION IN THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 619 FLEETWOOD RD, GRAND
<br /> ISLAND, NE 6880331 14. The Real Property tax:identification number is 400398001.
<br /> REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving
<br /> line of credit, which obligates Lender to make advances to Borrower so Fong as Borrower complies with all the terms of
<br /> the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation
<br /> that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or
<br /> variable rate or sum as provided in the Credit 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 provided in the Credit Agreement. It is the intention'of Trustor and Lender that this 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 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 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 GIVEN AND ACCEPTED ON THE FOLLOWING
<br /> TERMS:
<br /> TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at
<br /> Borrower's request and not at the request of Lender; (b) Trustor has the full power, right, and authority to enter into
<br /> this Deed of Trust and to hypothecate the Property; (c) the provisions of this Deed of Trust do not conflict with, or
<br /> result in a default under any agreement or other instrument binding upon Trustor and do not result in a violation of any
<br /> law, regulation, court decree or order applicable to Trustor; i (d) Trustor has established adequate means of obtaining
<br /> from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no
<br /> representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br /> TRUSTOR'S WAIVERS. Trustor waives all rights or defenses,arising by reason of any "one action" or "anti-deficiency"
<br /> law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br /> deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement
<br /> or completion of any foreclosure action, either judicially or by pxerclse of a power of sale.
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all
<br /> Indebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their
<br /> respective obligations under the Credit Agreement,this Deed of Trust, and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's
<br /> possession and use of the Property shall be governed by the following provisions:
<br />
|