Laserfiche WebLink
WHEN RECORDED MAIL TO: <br />Exchange Bank <br />GI - Allen Drive Branch <br />1204 Allen Dr <br />PO Box 5793 <br />Grand Island, NE 68802 <br />FOR RECORDER'S USE ONLY <br />DEED OF TRUST <br />THIS DEED OF TRUST is dated December 4, 2015, among ROEBUCK ENTERPRISES LLC, A <br />Nebraska Limited Liability Company ( "Trustor "); Exchange Bank, whose address is GI - Allen <br />Drive Branch, 1204 Allen Dr, PO Box 5793, Grand Island, NE 68802 (referred to below <br />sometimes as "Lender" and sometimes as "Beneficiary "); and Exchange Bank , whose address <br />is PO Box 5793, Grand Island, NE 68802 (referred to below as "Trustee "). <br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, <br />for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real <br />property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all <br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with <br />ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without <br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in Hall County, <br />State of Nebraska: <br />A tract of land in the Northwest Quarter of the Southeast Quarter (NW1 /4SE1/4) of Section <br />Twenty -Four (24), Township Eleven (11) North, Range Ten (10), West of the Sixth (6th) <br />P.M., and more particularly described as follows: Commencing at a point on the North right <br />of way line of the Union Pacific Railroad Company 484.3 Feet Northeasterly from its point <br />of intersection with the North -South center line of said section; running thence in a <br />Northwesterly direction perpendicular to said North line of the Union Pacific Railroad <br />Company right of way for a distance of 200 Feet; running thence in a Southwesterly <br />direction parallel to the North line of said right of way for a distance of 50 Feet; running <br />thence in a Southeasterly direction perpendicular to said North right of way line for a <br />distance of 200 Feet to a point on said North right of way line; running thence along and <br />upon said North right of way line in a Northeasterly direction for a distance of 50 Feet to <br />the point of beginning, all in Hall County, Nebraska <br />The Real Property or its address is commonly known as 3610 W Old Highway 30, Grand <br />Island, NE 68803. <br />CROSS - COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, <br />plus interest thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor <br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of <br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, <br />absolute or contingent, liquidated or unliquidated, whether Trustor may be liable individually or jointly with others, <br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts <br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts <br />may be or hereafter may become otherwise unenforceable. <br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor <br />whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust <br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to <br />Trustor, together with all interest thereon. <br />Trustor presently assigns to Lender (also 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 Property and all Rents from the Property. In addition, Trustor <br />grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. <br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND <br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF <br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS <br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all <br />amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of <br />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents. <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the <br />Property shall be governed by the following provisions: <br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and <br />