. �
<br /> Y
<br /> 201504078
<br /> � DEED OF TRUST
<br /> Loan No: 101286178 (Con�tlnued) Page 2
<br /> Parcel 4 - THE SOUTH HALF OF THE ��WEST HALF (S1/2W1/2) OF THE EAST TWO
<br /> HUNDRED SEVENTY (270.0)•FEET OF LOT TWELVE (12), OF VANTINE'S SUBDIVISION
<br /> LOCATED ON PART OF THE NORTHWEST QUARTER (NW1/4) OF SECTION TWENTY-TWO
<br /> (22), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN HALL
<br /> COUNTY, NEBRASKA. '
<br /> The Real Property or its address is commonly known as 1115, 1119, 1123 S PINE ST & 1222
<br /> W 6TH, GRAND ISLAND, NE 68801.
<br /> CROSS-COLLATERALIZATION. In addition to the Note, tliis Deed of Trust secures all obligations, debts and liabilities,
<br /> plus interest thereon, of either Trustor or Borrower to Le�lnder, or any one or more of them, as well as all claims by
<br /> Lender against Borrower and Trustor or any one or more of them, whether now existing or hereafter arising, whether
<br /> related or unrelated to the purpose of the Note, whethe�r voluntary or otherwise, whether due or not due, direct or
<br /> indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Trustor
<br /> may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or
<br /> otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of
<br /> limitations, and whether the obligation to repay sucfi amounts may be or hereafter may become otherwise
<br /> unenforceable.
<br /> FUTURE ADVANCES. Jn addition to the Note, this Dee�d of Trust secures all future advances made by Lender to
<br /> Borrower or Trustor whether or not the advances are made pursuant to a commitment. Specifically, without limitation,
<br /> this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion
<br /> may loan to Borrower or Trustor,together with all interest ithereon.
<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 interiest 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 /> TRUSTOR'S REPRESENTATIONS AND WARRANTIES. T�ustor warrants that: (a) this Deed of Trust is executed at
<br /> Borrower's request and not at the request of Lender; (b)ITrustor has the full power, right, and authority to enter into
<br /> this Deed of Trust and to hypothecate the Property; (c) ithe 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; (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-deticiency"
<br /> law, or any other law which may prevent Lender froml 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 exercise of a power of sale.
<br /> PAYMENT AND PERFORMANCE. Except as otherwise pro�uided in this Deed of Trust, Borrower and Trustor shall pay to
<br /> Lender all Indebtedness secured by this Deed of Trust �as it becomes due, and Botrowet and Trustor shall strictly
<br /> perform all their respective obligations under the Note,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 /> Possession and Use. Until the occurrence of an Evlent 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 /> Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br /> Trustor's ownership of the Froperty,there has been no use, generation, manufacture, storage,treatment, disposal,
<br /> release or threatened release of any Hazardous Substance by any person on, under, about or from the Property;,
<br /> (2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and
<br /> acknowledged by Lender in writing, (a) any brea�h or violation of any Environmental Laws, (b) any use,
<br /> generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance
<br /> on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
<br /> threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously
<br /> disclosed to and acknowledged by Lender in writing, I(a) neither Trustor nor any tenant, contractor, agent or other
<br /> authorized user of the Property shall �se, generate, manufacture, store, treat,dispose of or release any�Hazardous
<br /> Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with
<br /> _ �- — - -__
<br />
|