|
rn
<br /> m � � �
<br /> rnm � y rn
<br /> o �� � �n �rn IV rn
<br /> �, �o rn � � o
<br /> o �z � Z z� � �
<br /> � �� � � �z � �
<br /> `s' z� �' C �rn � z
<br /> �
<br /> � � � �� � �
<br /> �� rn �� �
<br /> rn� p � _� � �
<br /> �o � � � �
<br /> �� r�
<br /> a�o � .�.� Z
<br /> o� � � �
<br /> �7 Z
<br /> �
<br /> 1NHEN RECDRDED MAIL Ta:
<br /> Exchang�Bank ,
<br /> CI -Afien Dri►re Bran�h
<br /> 'I���Allen Dr
<br /> PD Box 5793
<br /> Grand Island, NE �8$OZ F�R REC�RDER'S U5E�NLY
<br /> __� .�,���., „ ,,,_,_ �. ,�,_,,, ,. ,._..,,,,�. ... - .�_,�,,,,,,,�. - .� .�.,...,
<br /> DEED �F TRUST
<br /> TH�S DEE� �F TRUST �s dated Navember a, 2�7 5, a�vng Ilil►4R�A J F�AYA. A Single Pers�n
<br /> t"Trustor"�, Ex�hange Bank, whvse address is CI � Allen Dri�e Branch, 'I��4 A��en Dr, P[] Bax
<br /> 5�93, �rand Isfand, �fE 658�� �referred to h�law s�meti�rres as r'L��der" and s�metimes as
<br /> "Benef�c�a�y"�; and Exchange Bank, whose address is P[] B�x 397, Kearney, NE �8�48
<br /> �r�ferred to �aeiow as "Trustee"3.
<br /> C�NVEYANC�AND GRANT. Fvr �aluable �vnsideration, Trustor conrreys t❑Trust�e in trust, W1TH P�WER �F SALE.
<br /> fvr the �ene#i� vf Lender as Bene�iciary, all of Trust�r's right, tit�e, and inte��st �n and to the following described rea�
<br /> property, together wi�h all existing or subs�quently er�cted vr affiixed buildings, �mpro�ements and fixtures; all
<br /> easements, rights of way, and appurtenan�es; ail v►►ater, v►rater rights and di�ch rights �in�luding S��CIC �n utilities with
<br /> ditch or irrigatian righ�s�; and all ather rights, rvyalties, and pr�fits r�lating ta the real p�vperty, including without
<br /> limitatia� ai! minerafs, oi�, gas, geath�rma! and similar mat�ers, �the "'Real Property"} iacated in HALL
<br /> County. St�t� of Nebraska:
<br /> TNE S�lJTHERLY E!G!-!TY El�HT �S 8�� FEET �F L�T F1VE �5�. BL�CK SFVENTEEN �7 7�.
<br /> t]RI�INAL T�WN, N�1111 C�TY DF �RAND I�LAND, H�LL ��UNTY. NEBRASKA.
<br /> Th� R�al ProRerty ar its address is cammoniy kno►►vn as �2� 1N 5TH , GRAND ISLAND, NE
<br /> �8��'I. The Real Prvperty tax identificat�vn number is 4����'13�5.
<br /> REV�LVING LINE DF �REDIT. This Deed vf Trust se�ur�s the Indebtedness including, wi#hout limitation, a rerrol�ing
<br /> line of�redi#, whi�h❑bliga#es Lender�v make adrrances to Trustvr so Iong as Trustar�omplies with all the terms of the
<br /> Credit►4greernent. Such ad�ances may be made, repaid, and remade fram time to time, subject to the limita�ion that
<br /> the tatal outstanding baiance vw�ng at any one time, nv� includ�ng finan�� �harges on su�h baiance a# a fixed or
<br /> variable rate vr sum as provided in the �redit Agreement, any temparary o►►erages, other char9es, and any amvunts
<br /> expended or ad�anced as pro�'rded in either �he Indeh�edne�s paragraph or this para�raph, shall not�xceed #he �redit
<br /> Limit as pra�ided in the �redi#Agr�ement. �t is the intentian of Trustor�nd Lender that�his Deed of Trust secures the
<br /> l�a�an�e ❑utstanding under�khe Credit Agreemen�from time to time from zerv up fv the Credit Limit as prn�ided in the
<br /> Credit Agreement and any in#ermediate balance.
<br /> Trustor presentiy assigns to Lender �a�so known as Beneficiary in this �eed of Trus�� a�� o� Trus�ar"s right, title, and
<br /> in�erest in and ta ali present and future leases of the Property and al! R�nts #ram the Praper�y. In additian, Trustvr
<br /> grants to Lender a Unifiorm Commercial Code security interest in the Personal Praperty and Rents.
<br /> THIS DEED �F TRUST. INCLl1DiNG THE ASSIGNMENT QF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERSDNAL PRDPERTY, �S �IVEN Ta SECURE {A} PAYMENT DF THE lNOEBTEQNESS AND {By PERF�RMANCE �F
<br /> EACH 4F TRUSTaR'S AGREEfVIENTS AtVD �BLiGATI�NS UNDER THE CREQIT AGREEMENT, THE RELATEa
<br /> DflCUMENTS. ANC] THiS DEED �F TRUST. THIS DEED �F TRUST IS G1VEN AND A�CEPTED QN THE F�LL�1NiNG
<br /> TERMS:
<br /> PAYMENT AND PERFaRMANCE. Except as otherwise pro�ided in this Deed of Trust, Trust�r shall pay to Lender all
<br /> amaunts secured by this I3eed at Trust as they be�ome due, and s�al� strictly and in a �imely rr�anner perform a�l o�
<br /> Trustar's obligations under�he �redit Agreement,this ❑eed af Trust, and the Related Documen�ts.
<br /> PD55ESS��3N AN❑ MAINTLNANCE �F THE PRDPERTY. Trustor agrees that Trustor's pvssession and use vf the
<br /> Property shall be governed by�h�follvwing prvuisions:
<br /> Possession and Use. Unti� t�e occurren�e of an �vent of Defaul�, Trustor may ��} remain in possessivn and
<br /> can�r�l vf the Praperty; �2} use, aperate or manage the Praperty; and {3} cofl�ct the Rents from the Prope�ty.
<br /> Du#y �v Maintain. Trus#or shall ma�ntain the Proper�y in gaod �andition and promptly perform all �epairs,
<br /> replacements, and maintenance necessary to preser�e its�a�ue.
<br /> Cvmp��ance 1Nith En�ironmental Laws. Trustor represents and warrants �o Lender that: �1 y �uring the period of
<br /> Trustvr's ownersh�p of�he Prnp�rty, there has been na use, generatian, manufa�tur�, storage, t�eatment, dEsposal,
<br /> �elease ❑r �hrea�ened release af any Hazardous Substanc� by any persan vn, under, about ar �rom the Property;
<br /> {2� Trustar has no knowiedge ❑�, �r ��ason to belie�e tha�there has been, except as pre�iousty disclosed to and
<br /> acknowledg�d by L�nder in writing, �a� any breach or �iolativn ❑� any Environmental Laws, {�} any use,
<br /> gen�ratian, manufa�ture, storage, treatment� C�E5p�5�I� release or th�eat�n�d r�lease vf any Ha�ardvus Substance
<br /> on, under, about ar from the Pr�perty hy any prior owners or o�cupants of �he Pr�perty, �r �c) any ac�ual ❑r
<br /> threatened litigation or ciaims of any kind by any p�rson r��at�ng to such ma�ters; and �3� Except as pre�iousfy
<br /> dE�ctased ta and acknawledged by L�nder in writ�ng, �a] neither Trustar nor any tenant, contrac�or, agent ar other
<br /> authari�ed user o�the Praperty shafl use, genera�e, manufac�ure, store, treat, dispose o#v� releas� any Ha�ardaus
<br /> Subs�an�e❑n, under, about ar�ram the Property; and �by any su�h acti�ity shall be cvnduc�ed in �ompl�ance with
<br /> ail applicable f�deral, state, and loca! laws, regulations and ardinances, in�fuding wi�th�ut limitation all
<br />
|