|
2� 1 �� 1397
<br /> WHEN REC�R�3ED MA#� T�:
<br /> Exchan�e S�nk
<br /> Gl-Allan[�r�ve Branch
<br /> '1�fl4 Al�en Dr
<br /> P4 Box 5793
<br /> Grand is E �884 FC)R RECDRDER'S flNLY
<br /> �EED �F TRUST
<br /> THIS DEE� �F TRUST �s datad Merch 7. ZD'1�. �m�ng M�CHAEL P HANN�N and iCtNlB�RLY S
<br /> HANIV�N, Hus��nd and Wife �"Trustvr"�; Ex�hanga Sank. wh�ss address ss �s - As�en �ri�e
<br /> Branch. 1��4 AtEan D�. P� Bax 5793. ��end fsfand. NE �8842 �referred to b�low sometimes
<br /> as "Lender" and svmetimes as "B�nefic�ary"�; and Exchange Bank, wh�se address is P�B 76�,
<br /> G i�abon, !VE �884� �ref�rrsd tv be�ow es "Trusta�"f.
<br /> C�NVEYANCE AND GRANT. For�aluahle consideration. Trustor con�eys to Trustee in trust, WITH P�VYER �F SALE,
<br /> for the benefit a# Lender as Bene�iciary. �II of Trustor's right. tiile, and interest in and to the folfawing des�ribed rea�
<br /> property, tvgether with all ex�sting �r suhsequently er�cted or affixed bui�dinga, imprfl�ements and fixtures; al[
<br /> easements, rfghts af w�y� and appurtenances; �ll water, weter rights and ditCh rights �in�luding stock �n utilities ►nrith
<br /> d�tch or irriga�ian righ�s�; and �Ii ather rights� roy�lt�es, and pro#its relatin to �he real properry, �n��udin wsthout
<br /> Iimitation a�! minerals, vfl, gas, ge�thermal �nd similar matters, tth� "R��I ��o e "j �ocated in Hal� ��un ,
<br /> � rtl► tY
<br /> S#ate �f Nsh�ask�:
<br /> Par�s� �ne: The N�rth Hasf af th� H�rtheast guartsr �N'I 1�iVE'I 143 of Section E�e►►sn �'I'I�.
<br /> Township N�ne �9� North. Range Twslve �'�2� Vllest of th� �th p.M.. Hall County. !1lebraska,
<br /> except the tract c�nvayed t� the Cvunty of Hall. far road R.�.VII. r�corded as Docum�nt No.
<br /> 9�-7�4174 in the Register vf �3egds �ffi�e in Ha1� Caunty. N�braska.
<br /> Parce� 7'w�: The S►�uth Haif of the Northeast �uarter {S 1 l�NE 114� of Sectivn Nineteen
<br /> {"!9�. Tawnship Ten t 7 0� N�rth. R�nge Twel�� �12� West vf the S#h �.IIA.. Hal1 C�unty,
<br /> Nebraska.
<br /> ��DSS-C�LLATERAL�ZATIQN. �n eddition to the Nate, this Deed of Trust secures a1i �bligations, d�bts end ii�biiities,
<br /> plus inierEst thereon, af Trustvr ta L�nder. or any one ar mar�ofi#hem, as wel� as a!f ciaims hy Lender agsirt�t T�ustor
<br /> Qr any one o� mo�e a#�hem, ►rvhether now existing or her�after aris�ng. whether reiated ar unrelated tv the purpose �fi
<br /> the Nate, whether �oluntary or otherwise, whether due ar n�t due. direct ar indirect, det�rmined ar undetermined,
<br /> absosute ar contingent, liquid�ted or unliqu�date�, whether Trustor may be liable indi�idually vr jointty with othsrs,
<br /> whether obl�ga�sd as guarant�r, surety, accomm�dation party or atherwise, and wh�ther reco►►ery upan such�mounts
<br /> may be or heresiter may hecome barred by any statute o�lim+tatians. and whether the obligation to rep�y such�mounts
<br /> may be or herea�ter may become otherwise unentorceable.
<br /> FUTURE ADVANCES. !n addition to the Note, this Deed o#Trust secures all#uture ad�an�es made by Lender to Trustor
<br /> wheth�r or na�the ad�ances ere made pursuant to � comm�tment. 5peci�ica�ly� without ��mitat�on� this aeed �f Trust
<br /> secures. in additivn #o the amounts specifisd in tha Note, all future amoun�s Lsnder in its discrstivn may laan to
<br /> Trustor, together with aI[interest thereon.
<br /> 7rustor presently assigns t� Lender talso known as BenefiGiary tn this �eed of Tru�tf all vf Trustor's right+ title, and
<br /> interest in and to all present and future ieases of the Property and all Rents fr�m the Property. En additinn, Trustar
<br /> grants to Lsnd�r a 1Jniforrn C�mmercial Cade security interest in#hg Persanal Propsrty ar►d Rents,
<br /> TH1S DEED�F TRUST, IN�LUDiNG THE ASSIGNMENT�F RENTS ANa THF S�CUR�TY INTEREST IN THE RENTS AND
<br /> PERS�NAL PR��'ERTY, �S GIVEN TU SECURE �A� PAYNiENT �F THE 1ND�EB7EDNE5S AND {B� PERF�RMANCE�F
<br /> ANY AND ALL 4BLIGATi�]NS UN�ER THE NQTE. THE RELATE� D�CUIVIENTS. AND THIS DEE� QF T#�UST. THlS
<br /> DEED�F TRUST 15 G�YEN AND ACCEPTED�N THE F�LL�WINQ TERN15:
<br /> PAYMENT AND PERFOI�MANCE. Except es atherwise provided in this Desd of Trust. Trustor shasf pay to Lsnt#er e1f
<br /> amvunts secured by this ❑eed flf Trust as they became dua, and shel! strictiy and in a timely manner perf�rm al! of
<br /> Trustar's ohl�gativns under ths N�te,this Deed a�Trust,and th�Ral�tsd[]o�um�nts.
<br /> P�SSESS��N AND MAiNTENANCE �F THE PR�PERTY. Trustor agress that Trustar's possession and use of the
<br /> Pro�erty sha�1 be go�erned by the foiiowing pro�isions:
<br /> Passessian and Use, Unti! the o��urrence of an ��ent a� ❑efaust, Trust�r may �1 y remain in pvssession and
<br /> cvn#rol of the Property; �2j use,aperate or manage the Property;and t3f colle�t the Rents fram the Propsrty.
<br /> Duty to Ma��ta�n. Trustor shaEr ma�ntain the Pr�perty in tenanteble c�r�dition and promptly p�rform ali repairs,
<br /> replacements.and maintenance necessary�o presen►e ita��lue.
<br /> ,
<br /> Gompiiance With En�ironmgn#al Laws. Trustor represents and warrants to Lender that: ��� During the pertod of
<br /> Trustor's flwne�ship a�the Prap�rty�there hes b�en no use� generat�an� manutacture. storage,treatment.disposaf,
<br /> �
<br />
|