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<br /> WHEN REC�RDED MAIL T�:
<br /> PlNNACLE BANK
<br /> FREM4IVT�FFICE
<br /> 99W6TH5T
<br /> P�BQ3�6�8
<br /> FREM4NT NE 68n25 F�R REC�RDER'S USE flNLY
<br /> DEED �F TRUST
<br /> THIS �EED �F TRUST is dated 5eptember 3U. ��1�, amang H PR�PERTIES QF GRANa
<br /> ISLANQ, LLC, a Nebraska Limited Liability Cvmpany. whose address is 24�5 E �3RD AVE
<br /> S�UTH SUITE 5��, FREM�NT. NE �8��5 �"Trustar"�: P�NNACLE BANiC, whose address is
<br /> FREM�NT �FF�CE, 99 IN 6TH ST, P� B�X ��5, FREM�NT, NE S8D�5 treferred to belvw
<br /> sometimes as "Lender" and svmetimes as "Beneficiary"�; and PINNACLE BAN1C. whase address
<br /> is P� B�X ��8, FFiEM�NT, NE 68�25 �referred to below as "Trustee"�,
<br /> CONVEYANCE AND GRANT. Fvr�a�uable consideration. Trustor cvn�eys tv Trustee in trust, WlTH PDWER �F SALE,
<br /> for the benefit of Lender as Sene#iciary, all of Trustvr's right, title, and interest in and ta the #ollawing described real
<br /> property, tvgether with al! existing o� suhsequently er�cted ❑r affixed bui�dings, impra�ements and fixtures; all
<br /> easements, rights ❑f way, and appurtenan�es; all water, water rights and ditch rights �including stock in uti�ities with
<br /> ditch vr irrigatian rights�; and all other rights, ►oyalties, and prvfits relating ta the rea� property, including without
<br /> limitation all minerals, v'rl, gas, geothermal and similar mat-ters, tthe "Real Property"� Ivcated in HALL
<br /> County. 5tate of Nebraska;
<br /> L�T �NE �1 y. CEDAR RiDGE FIRST SUBDIViSION. IN THE CfTY DF GRAN� ISLAND. HALL
<br /> C�UNTY, NEBRASICA.
<br /> The Real Property or its address is commonly knvwn as 37Z'I VII '13TH STREET. GRAND
<br /> 1SLAND, NE 688�3. The R�al Property tax identifi�ation number is 4D�4'I 1997.
<br /> CRQSS-C4LLATERALIZATI�N. In additivn to the Note, this Deed of Trust secures all abligations� de�ts and liabilities,
<br /> plus interest thereon, of Trustor ta L�nder, ar any one or more of them, as well as all claims by Lender against Trustar
<br /> or any one vr mare of them, whether nvw existing vr hereafter arising, whether related or unrelat�d to the purpvse of
<br /> the Nvte, whether vaEuntary ar vtherwis�, whether due or nvt due, direct ar indirect, determined or undetermined,
<br /> absolute ❑r cantingent, liquidated ❑r unliquidat�d, whether Trustor may be lia�le individually or jvintly with others.
<br /> whether abligated as guarant�r, surety, accommodatian party or otherwise, and whether reco�ery upon such arnounts
<br /> rnay be or hereaftsr may become barred by any statute af limitations, and whethsr the obligatian to repay such amounts
<br /> rnay be❑r hereafter may becom�otherw�se unenforceable.
<br /> FUTURE ADVANCES. tn additivn ta the IVote� this Deed of Trust secures all future ad�an�es made by Lender to Trustor
<br /> whether or not the ad�ances are made pursuant ta a camrnitment. Spe�i�ically, withaut limitation, this ❑eed af Trust
<br /> s�cur�s, in additian to the amounts sp��ified in the Note, all future amaunts Lender in its discr�tian may ioan to
<br /> Trustor,tagether with all interest therean.
<br /> Trustvr presently assigns to Lender �aisa 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 Praperty and all Rents frvm the Property. In additi�n, Trustor
<br /> grants tv Lencle�a lJnifarm Cammercial Cade security interest in the Persanal Praperty and Rents.
<br /> TH�S DEED nF TRUST, IN�LUDING THE ASSIGNMENT DF RENTS ANQ THE SECURITY 1NTEREST IN THE RENTS AND
<br /> PERSQNAL PR�PERTY, tS GIVEN T� SECURE {A} PAYMENT �F THE INDEBTEDNESS AND �B] PERFnRMANCE DF
<br /> ANY AND ALL QBLIGATIaNS UNDER TH15 DEED aF TRUST. TH15 DEED �F TRUST 15 GIVEN AND ACCEPTED QN
<br /> THE FQLL4WlNG TERMS:
<br /> PAYIVIENT AND PERF�RIUTANCE. Except as otherwise pra�id�d in this Deed of Trust, Trus�or shall paY t❑ Lander all
<br /> amvunts secured by this Deed af Trust as they became due, and shall strictly and in a timely manner perform all of
<br /> Trustor's abligations under the Note�this Deed vf Trust, and the Related ❑ocum�nts.
<br /> P�SSESSIDN AND MAINTENANCE �F THE RRQPERTY. Trustvr agrees that Trustor's possessian and us� ❑# the
<br /> Property shall be go�erned by the fo�l�wing prv�isions;
<br /> Passessian end Use. Untii the occurrence of an E�ent of Default, T�ustor may �i y remain in possession and
<br /> cantrol o�the Property; [2� use, �perate ar manage the Property; and �3y cvllect the Rents frvm the Property.
<br /> Duty tv Maintain. Trustar shall maintain the Praperty in #enantable conditivn and pramptly perform all repairs,
<br /> replacements, and maintenance necessary tv preser�e its value.
<br /> Hazardous 5ubstances. Trustor represents and warrants that the Praperty ne�er has �een, and ne�er will be sa
<br /> I�ng as this Deed vf Trust r�mains a lien ❑n the Prvperty, used fvr the generation, manufacture, storage,
<br /> treatment, disposal, release or threatensd release of any Hazardaus Suhstan�e in viola�ivn of any Environmental
<br /> Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such inspectivns and tests as
<br /> Lender may deem approprrate ta determine compliance o# the Property with this section ❑f the D�ed of Trust.
<br /> Trustor hereby �1� releases and wai�es any#uture claims against Lender for indemn�ty or contribution in the e�ent
<br /> Trustor becomes liabie for cleanup or vth�r�asts under any suGh laws, and {2} agrees tv in�iemnify, defend, and
<br /> hold harmless Lender against any and all claims and I�sses resulting fram a breach af this paragraph of the Deed of
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