so
<br />_ m
<br />Iv c
<br />m n n
<br />— m I* le
<br />oa 74 IC
<br />0)
<br />cri
<br />WHEN RECORDED MAIL TO:
<br />Exchange Bank
<br />GI - Allen Drive Branch
<br />1204 Allen Dr
<br />PO Box 5793
<br />Grand Island, NE 68802
<br />DEED OF TRUST
<br />,J)
<br />FOR RECORDER'S y SE ONLY
<br />THIS DEED OF TRUST is dated June 2, 2015, among SILVANO ANDRADE VALENCIA, A Single
<br />Person ( "Trustor "); Exchange Bank, whose address is GI - Allen Drive Branch, 1204 Allen Dr,
<br />PO Box 5793, Grand Island, NE 68802 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary "); and Exchange Bank , whose address is PO Box 5793, Grand
<br />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 />1 ditch or irrigation rights); and all other rights, royalties, and profits relating o the real property, including without
<br />r.�y limitation all minerals, oil, gas, geothermal and similar matters, (the " Property ") located in HALL
<br />-i County, State of Nebraska:
<br />U: r — Parcel A: The Easterly Nine (9) Feet of Lot Five (5), and also the Westerly Twenty Eight
<br />(28) Feet of Lot Six (6), in Block One Hundred Forty Seven (147) of Union Pacific Railway
<br />Company's Second Addition to the City of Grand Island, Hall County, Nebraska. (406 E
<br />w Yund)
<br />Parcel B: Lots Seven (7), Eight (8), Nine (9), Block Twenty -Seven (27), in the Original
<br />Town of Wood River, Hall County, Nebraska. (202 W. 8th, Wood River)
<br />Parcel C: Lots Ten (10), Eleven (11) and Twelve (12), Block Twenty -Seven (27), in the
<br />Original Town of Wood River, Hall County, Nebraska. (806 West St., Wood River)
<br />The Real Property or its address is commonly known as 406 E YUND ST, GRAND ISLAND, NE
<br />68801. The Real Property tax identification number is 400098652.
<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 />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 />Note.
<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 />DEED OF TRUST IS GIVEN AND ACCEPTED ON 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; (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 />replacements, and maintenance necessary to preserve its value.
<br />
|