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201601437
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Last modified
3/11/2016 11:30:49 AM
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3/11/2016 11:30:48 AM
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DEEDS
Inst Number
201601437
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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />West Bra q <br />04 2009 N •- s Ave.� <br />Gran. ,�'nd, NE 64,003 6Q604 - 1- 56 � <br />111111111 11 <br />1111 <br />FIVE POINTS BANK <br />VIII VIII VIII II I III 11 VIII VIII VIII VIII VIII I11111I 11 III I 1 I VIII VIII VIII III <br />* 000000000101288719034003042016* <br />r� n <br />n <br />11111 <br />11 <br />111111111111111 <br />CT) <br />I—► <br />FOR RECORDER'S USE ONLY <br />DEED OF TRUST <br />THIS DEED OF TRUST is dated March 4, 2016, among TODD R RUSSELL and SHELLY R <br />RUSSELL; Husband and Wife ( "Trustor "); Five Points Bank, whose address is West Branch, <br />2009 N. Diers Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and <br />sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Box 1507, Grand <br />Island, NE 68802 -1507 (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 <br />County, State of Nebraska: <br />See Exhibit "A which is attached to this Deed of Trust and made a part of this Deed of <br />Trust as if fully set forth herein. <br />The Real Property or its address is commonly known as 10287 S LOCUST ST, DONIPHAN, NE <br />68832 -9406. The Real Property tax identification number is 400235366. <br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving <br />line of credit, which obligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the <br />Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that <br />the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or <br />variable rate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts <br />expended or advanced as provided in this paragraph, shall not exceed the Credit Limit as provided in the Credit <br />Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the <br />Credit Agreement from time to time from zero up to the Credit Limit as provided in the Credit Agreement and any <br />intermediate balance. <br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and <br />m <br />3] <br />m <br />0 <br />C3 <br />cn <br />rn <br />
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