Laserfiche WebLink
WHEN RECORDED MAIL TO: <br />Exchange Bank <br />GI - South Locust Branch <br />939 S Locust St <br />Grand Island, NE 68801 <br />AND <br />FOR RECORDER'S USE ONLY <br />DEED OF TRUST <br />THIS DEED OF TRUST is dated January 5, 2015, among Midwest Premier Investments, L.L.C.; <br />A Nebraska Limited Liability Company ("Trustor"); Exchange Bank, whose address is GI - South <br />Locust Branch, 939 S Locust St, Grand Island, NE 68801 (referred to below sometimes as <br />"Lender and sometimes as "Beneficiary "); and Exchange Bank , whose address is PO Box <br />5793, Grand Island, NE 68802 (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 />Commencing at a point 50 Feet South of the Northeast Corner of the Northwest Quarter of <br />the Northwest Quarter (NW1 /4NW1/4) of Section Thirty Four (34), Township Eleven (11) <br />North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska; thence West parallel <br />with the North Section line of said Section 34, Township 11 North, Range 10 West a <br />distance of 50 Feet; thence South parallel with the East line of the Northwest Quarter of the <br />Northwest Quarter of said Section 34, Township 11 North, Range 10 West of the 6th P.M., <br />West to the Northerly right of way line of Federal Highway #30; thence Northeasterly along <br />the Northerly right of way line of said Highway #30 to the East line of the Northwest <br />Quarter of the Northwest Quarter of said Section 34, Township 11 North, Range 10 West <br />of the 6th P.M.; thence North along and upon the East line of the Northwest Quarter of the <br />Northwest Quarter of Section 34, Township 11 North, Range 10 West of the 6th P.M., a <br />distance of 321.6 feet to the point of beginning <br />All that part of the Northeast Quarter of the Northwest Quarter (NE1/4NW114) of Section <br />Thirty Four (34), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., lying <br />North of the right of way of the Union Pacific Railroad Company; all being in the North Half <br />of the Northwest Quarter (N 1 /2NW 1 /4) of Section 34, Township 11 North, Range 10 West <br />of the 6th P.M., in Hall County, Nebraska <br />The Real Property or its address is commonly known as 4870 W Highway #30, Alda, NE <br />68810. The Real Property tax identification number is 400201712. <br />CROSS - COLLATERALIZATION. In addition to the Note, this Deed of 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 of 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 jointly with others, <br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts <br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts <br />may be or hereafter may become otherwise unenforceable. <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 THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS <br />