|
- rn
<br /> � � � � �
<br /> 1�7 � rn� � � �
<br /> o = �� � c� Q m I�] rn
<br /> cn � �o � � C� p o
<br /> � � ��, � C �� C3� �
<br /> � � �� � � �m � �
<br /> cr' = �� D � D Ca W Cn
<br /> - rn� rn �� � �
<br /> � rn c D � y Cn C3i �
<br /> � �� � � �� �
<br /> �
<br /> - I�a Q .�`. ff1
<br /> 00 � � �
<br /> v C� Uy �
<br /> �] �
<br /> �
<br /> VIJ'HEN RE��RI]EQ N1A1L T�];
<br /> Exchange Bank
<br /> GI -A��en❑ri►re Bran�h
<br /> 'I�fl4 Allen Dr
<br /> P�gax 5793
<br /> Grand Island, NE 6880Z FDR REC�RDER'S USE❑NLY
<br /> aEED �F TRUST
<br /> THIS I3EED �F TRUST is dated August 7, �4'i 5, amvng Grand Ri►rer Prvperties LLC: a N�braska
<br /> �imited Liability �ompany �"Trustor"�: Exchange Bank, whase address is G I - Allen Dri►ve
<br /> Branch, '!��4 Allen Dr, P� 6ax 5793, Grand Isfand. NE 688a2 �referred to befaw sametimes
<br /> as "Lender" and sometimes as "Beneficiary"�; and Exchange Bank. wh�se address is P�B 7�4,
<br /> G ibban, N E �884� �refarr�d to �elvw as "Trustee"},
<br /> GaNVEYANCE�4ND GRANT. For vaivahle cnnsideration, Trustvr con�gys�o Trustee in trust, WITH P�WER aF SALE,
<br /> �For the henefi�t v# Lender as genefi�iary, all of Trustor`s right, ti�le, and �nterest in and to the following described r�al
<br /> propert}�, together with all existing vr subsequ�ntly erect�d vr af�ixed buildings, impra�ements and f�xtures, al!
<br /> �asements, rights ❑f way, and appurtenances; af! water, vuater rights and ditch rights {including stock in u�ilities with
<br /> ditch ar i�rigatian rights}; and all other rights. royalties, and praf�ts relat�ng t❑ the real property, including without
<br /> limita�ion all mine�als, Qil, gas, geathermal and sim�lar rnatters, �the "Real Praperty"� IvCated in HALL
<br /> Caunty. State of Nebraska:
<br /> Lot Faurteen t'14). �n Black Faur t4�, in Morris Secvnd Addition tv the Ci#y af �rand lsland.
<br /> Hal� �vunty, Nebraska
<br /> The Real Proper�y ar its address is commonly knv►nrn as �1� E �7TH ST, GRAND ISLAND, NE
<br /> S�SU'�. The Real Property tax �dentif�cation number is 4�[��64332.
<br /> CRQSS�COLLATER►4LIZATIUN. in addition to the Nate, this Deed a#Trust se�ures all obliga�ians, dehts and fiabil�ties.
<br /> plus interes�thereon, af Trus�vr ta Lender, �r any vne ar more af them, as well as all claims by Lender against Trustvr
<br /> ❑r any one vr mare of them, whether now existing ❑r h�reafter arising, whether related �r unrelated t�the purpase af
<br /> #he Note, whether �olun#ary or atherwise, whether due or not due, direct or indirec�, determined vr un�etermined,
<br /> absalute ar can�ingent, liquidat�d or uniiquidated, whe�her Trustar may be liable individually ar jointly wi�h a�hers,
<br /> whether❑b�igat�d as guarantor, sure�y, accommodatian party or❑therwise, and whether rec��ery upan such amaun#s
<br /> may be vr hereafter may hecorne barred by any statute of limitafiions, and v►rhether the obligatian�to repay such amounts
<br /> may be or hereafter may becvm�❑therwise unenforc�able.
<br /> FUTURE ADVANCES. In additian�o the Note,this Deed��Trust se�ur�s aif�uture ad�ances made by Lender to Trustor
<br /> whether or not the ad�ances are made pursuant fia a cornmitment. Specifically, wifihaut iimitation, this fleed v#Trust
<br /> secures, in addition ta th� amounts sp�cified in th� No�e, all future arnounts Lender in its discretion may laan to
<br /> Trustor,tog�ther with all interes��herevn.
<br /> Trus�or pres�ntly assigns ta Lende�' �als❑ kn�wn as 6�neficiary in this Deed ❑f Trust} all of Trustor's right, title, and
<br /> interest in and t� all present and #uture I�ases vf �he Property and all Rents �ram the Praperty. I n additivn, Trus�or
<br /> grants ta L�nder a Unifarrn �vmmercial Code security int�rest in the Persanal Property and R�nts.
<br /> THiS ❑EED❑F TRUST, fNCLUDING THE A551GNMENT flF RENTS ANQ THE SECURITY lNTEREST IN THE RENTS AN❑
<br /> PERSDNAL PRDPERTY, IS G1VEN T� SECURE �A} PAYNiENT DF THE�NDEBTE�NESS AN❑ �By PERF�RMANCE❑F
<br /> ANY AND ALL aBLIGATIaNS UNDER THE N�TE, THE RELATED ❑��UMENTS� AND TH1S DEED �F TRLlST. THIS
<br /> DEED�F TRUST 15 GIVEN AND ACCEPTE❑ON THE F�LLaW�NG TERMS:
<br /> PAI�MENT AN❑ PERFDRMANCE. Exc�p� as atherwis� pro�ided in this Deed �f Trust, Trustor shall pay to Lender all
<br /> amounts secured �y this Deed �f Trus� as they hecame due, and shal! str�c�ly and in a timely manner perform a!I ��
<br /> Trustor's obligations under the Nate,this D��d of Trust, and the Rela�ed Documents.
<br /> P�SSESSIDN AND MAINTENAN�E �F THE PR�PERTY. Trustor agrees that Trustar's p�ssessian and us� afi the
<br /> Prvperty shall be ga�erned by the following pro�isians:
<br /> Passession and Use. LJntil the �ccurrenc� af an E�en�k ❑f �efiault, Trustor may ��f remain in possession and
<br /> control af the PropertY; ��� use, �perate ar manage�he Praperty; and �3f collect the Rents firom the Property.
<br /> Du#y tv Maintain. Trustar shall maintain �fihe Property in t�nan�able �vndition and promptly perform ail repairs,
<br /> replacements, and maintenance necessary tv pr�serve��s�alue.
<br /> Campliance With En�iranmentai Laws. Trustar represents and warrants to Lender that, ��} �uring the period of
<br /> Trustar's❑wnership vf the Property, there has been na use, genera�ian, manufacture, starage.treatment, disposal,
<br /> release ar threatened release of any Hazardous 5ubstance hy any p�rsan on, under, ahout or frorn the Property;
<br /> {2} Trustar has no knowledge af, or ��asan ta befie�e that there has been, except as pre�iausly d�s�lased to and
<br /> acknawledged by Lender in writing, �ay any br�ach ar �iolation of any En�ironmental Laws, �b� any use,
<br /> generation, manu�facture, storag�, treatment, dispvsal, release or threa#ened release af any Ha�ardous Substance
<br /> an, under, about or from fihe Property by any priar awners ❑r ❑ccupants �f the Pr�perty, or (�y any actual or
<br /> threa�ened �it�gation ar claims of any kind by any person re�ating to such matters; and t3� Ex�ept as pre��ously
<br /> disclased to and a�know�edged by Lender in writing, [af neithe�Trus�ar nvr any�enant, cvntract�r, agent or other
<br /> � r �
<br /> � `�
<br />
|