201504219 - Laserfiche WebLink

Browse

WHEN RECORDED MAIL TO: Five Points Bank West Branch 2009 N. Diers Ave. Grand Island, NE 68803 m =8 -n to C m Inc '�� ri > c i * 000000000101283079034006162015* FIVE POINTS BANK I1111111a11m1mf 1Nl11011119111111m 111111111011111111111111 11 FOR RECORDER'S USE ONLY DEED OF TRUST THIS DEED OF TRUST is dated June 16, 2015, among DEVRA MCELROY; A Single Person ( "Trustor "); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as "Trustee "). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the " Property") located in HALL County, State of Nebraska: The South Half of the North Half of the West Half of the Southeast Quarter (S 1 /2N 1 /2W 1 /2SE 1 /4) of Section One (1), Township Twelve (12) North, Range Twelve (12) West of the 6th P.M., Hall County, Nebraksa The Real Property or its address is commonly known as 8270 N EQUUS LN, CAIRO, NE 68824 -9723. REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving line of credit, which obligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as provided in this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in the Credit Agreement and any intermediate balance.