|
XI
<br />iv rn
<br />0 C
<br />w
<br />al
<br />= 1 ii
<br />cn
<br />WHEN RECORDED MAIL TO:
<br />PINNACLE BANK
<br />AURORA MAIN OFFICE
<br />1234 L ST
<br />PO BOX 229
<br />AURORA, NE 68818
<br />I I
<br />r
<br />if)
<br />FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $50,000.00.
<br />THIS DEED OF TRUST is dated July 10, 2013, among ALAN P FORBES, a single person, whose
<br />address is 1608 E 22 RD, MARQUETTE, NE 68854 -3300 ( "Trustor "); PINNACLE BANK,
<br />whose address is AURORA MAIN OFFICE, 1234 L ST, PO BOX 229, AURORA, NE 68818
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and PINNACLE
<br />BANK, whose address is PO BOX 229, AURORA, NE 68818 (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 County,
<br />State of Nebraska:
<br />Lot One (1), Brach's First Subdivision, Hall County, Nebraska, located in the Northwest
<br />quarter of the Southwest quarter (NW1 /4SW/4) of Section TwentyOne (21), Township
<br />Eleven (11) North, Range Nine (9) West of the 6th P.M., in Hall County, Nebraska, and a
<br />Tract of Land located in the Northwest quarter of the Southwest quarter (NW1 /4SW1/4) of
<br />Section Twenty -One (21), Township Eleven (11) North, Range Nine (9) West of the 6th
<br />P.M., in Hall County, Nebraska, more particularly described as follows: Beginning at the
<br />Northwest (NW) corner of Lot One (1), Brach's First Subdivision; thence Northerly along
<br />and upon the West Line of Said Lot One (1) if extended, a distance of Thirteen (13.0) Feet;
<br />thence Northeasterly a distance of One Hundred Seventeen and One Tenth (117.1) Feet, to
<br />the Intersection with the East Line of Said Lot One (1) if extended; thence Southerly along
<br />and upon the East line of Lot One (1) if extended a distance of Ninety -Six (96.0) Feet, to
<br />the Northeast corner of Said Lot One (1); thence Northwesterly along and upon the North
<br />line of Said Lot One (1), a distance of Ninety -Three and Seven Tenths (93.7) Feet, to the
<br />Placeof Beginning.
<br />The Real Property or its address is commonly known as 1818 Barbara Ave., Grand Island, NE
<br />68803.
<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, 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 to
<br />Trustor, together with all interest thereon.
<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 />ANY AND ALL OBLIGATIONS UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON
<br />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 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; 12) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs,
<br />replacements, and maintenance necessary to preserve its value.
<br />rn
<br />N Z
<br />r
<br />f-a
<br />O
<br />Crl
<br />a
<br />mot
<br />fm i
<br />--1
<br />0
<br />
|