|
IV
<br />e
<br />N
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island, NE 68803
<br />1111
<br />11111111111
<br />FIVE POINTS BANK
<br />1111111111111 II 11111111 I111811II 11111111111 1111111111 11111 111111111101 1111111 1111 1111111111111111111 1111
<br />" 0000000001 01265958034007292013*
<br />FOR RECORDER'S USE ONLY
<br />1111111111111
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated July 29, 2013, among RANDAL J WISSING and DEBRA L
<br />WISSING, whose address is 3011 W 16TH ST, GRAND ISLAND, NE 68803 ( "Trustor "); Five
<br />Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE 68803
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points
<br />Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"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 o the real property, including without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the " Property') located in HALL
<br />County, State of Nebraska:
<br />The East Forty -two (42) feet of Lot Three (3) and the West Fourteen (14) feet of Lot Four
<br />(4), Franzen Subdivision, a Replat of Lot Twenty -One (21), Island Acres, Hall County,
<br />Nebraska.
<br />The Real Property or its address is commonly known as 3011 W 16TH ST, GRAND ISLAND,
<br />NE 68803.
<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 Trustor so long as Trustor complies with all the terms of the
<br />Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that
<br />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 this paragraph, shall not exceed the Credit Limit as provided in the Credit
<br />Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the
<br />Credit Agreement from time to time from zero up to the Credit Limit as provided in the Credit Agreement and any
<br />
|