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201505211
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Last modified
11/5/2015 9:11:40 PM
Creation date
8/3/2015 7:57:57 AM
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DEEDS
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201505211
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Retum to: Bacon & Vinton, LLC <br />P.O. Box 208, Gothenburg, NE 69138 <br />e <br />CILD <br />r- <br />G) <br />N <br />— <br />_r. <br />rn <br />COLLATERAL ASSIGNMENT OF PROMISSORY NOTE AND DEED OF TRUST <br />WHEREAS, Richard Hartman and Patricia Hartman, (referred to hereafter as <br />"Borrower ") are indebted to First State Bank, Gothenburg, Nebraska, (referred to hereafter as <br />"Lender ") with such loan evidenced by the following promissory note (referred to hereafter as <br />the "Hartman Promissory Note "): <br />A. Promissory Note dated March 15, 2013 in the original principal amount of <br />$2,015,143.80, from Richard Hartman and Patricia Hartman as modified by Change in Terms <br />Agreement dated December 15, 2013; and <br />• <br />WHEREAS, the Hartman Promissory Note is secured by the following Deeds of Trust <br />filed in the Hall County, Nebraska recorder's office (the "Hartman Deeds of Trust "): <br />A. Deed of Trust executed by Richard L. Hartman and Patricia A. Hartman, recorded <br />as Document No. 200304338; <br />B. Deed of Trust executed by Richard L. Hartman and Patricia A. Hartman re- <br />recorded as Document No. 200312901; <br />C. Deed of Trust executed by Richard Hartman and Patricia Hartman, Husband and <br />Wife, recorded as Document No. 200407960; and <br />D. Deed of Trust executed by Richard L. Hartman and Patricia A. Hartman recorded <br />as Document No. 200601680. <br />WHEREAS, Borrower desires to sell the following described real estate to Starostka <br />Group Unlimited, Inc., a Nebraska Corporation (referred to hereafter as "Starostka "): <br />Township Eleven (11) North, Range Nine (91 West of the 6th P.M., Hall County, <br />Nebraska <br />Section 33: SW1 /4SW1 /4 <br />WHEREAS, in consideration of the e al estate sale described previously, Starostka shall <br />be indebted to Borrower under the terms of trig following described promissory note (referred to <br />hereafter as the "Starostka Promissory Note "): <br />A. Promissory Note dated June 1, 2014 in the original principal amount of <br />$420,000.00, from Starostka Group Unlimited, Inc., a Nebraska Corporation, Danny Starostka, <br />Teresa Starostka and Marc Starostka to Borrower; and <br />WHEREAS, the Starostka Promissory Note shall be secured by a Deed of Trust from <br />Starostka to Borrower encumbering the real estate described above (the Starostka Deed of Trust); <br />and <br />WHEREAS, Borrower has requested that Lender reconvey its deeds of trust described <br />above, and Lender has agreed to do so, provided that Borrower assign its rights in the Starostka <br />Promissory Note and Starostka Deed of Trust to Lender as collateral security for repayment of <br />the Hartman Promissory Note; and <br />N <br />C ,L <br />
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