|
Parcel 1: The Southwest Quarter (SW %) of Section Thirty -two (32), Township
<br />Nine (9) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska,
<br />EXCEPT a tract beginning at the southwest corner of said Section Thirty -two (32)
<br />and going north 150 feet, thence east 33 feet, thence south and east on the arc
<br />of 117 foot radius curve to a point 150 feet east and 33 feet north of the said
<br />section corner, thence 33 feet south and 150 feet west to the point of beginning;
<br />AND EXCEPT a tract of land located in the Southwest Quarter (SW %) of said
<br />Section 32, described as: Beginning at the Northwest corner of said Southwest
<br />Quarter (SWY4); thence S89 °52'16" E (assumed bearing) on the North line of said
<br />Southwest Quarter (SW%4), a distance of 1055.00 feet; thence S02 °02'58 "W, a
<br />distance of 850.00 feet; thence S83 °19'58 "W, a distance of 490.16 feet; thence
<br />S07 °35'04 "W, a distance of 28.90 feet; thence S87 °04'56 "W, a distance of
<br />279.95 feet; thence S31 °51'40 "W, a distance of 199.60 feet; thence
<br />S77 °14'23 "W, a distance of 153.20 feet to the West line of said Southwest
<br />Quarter; thence N00 °01'16 "E on said West line , a distance of 1155.00 feet to the
<br />POINT OF BEGINNING, subject to county road right of way.
<br />Parcel 2: The East Half of the Northeast Quarter (E %NEV4) of Section Thirty -two
<br />(32), Township Nine (9) North, Range Ten (10) West of the 6th P.M., Hall
<br />County, Nebraska, EXCEPT a tract more particularly described in Quit Claim
<br />Deed recorded in Book 138, Page 386, records of Hall County, Nebraska.
<br />In addition, Trustor hereby grants to Lender a Uniform Commercial Code security interest in all
<br />Personal Property; and all proceeds from any sale or other disposition of the Property. The trust deed is
<br />also effective as a financing statement filed as a fixture filing under the Uniform Commercial Code.
<br />It is understood and agreed between Trustor and Lender that this trust deed is given to secure the
<br />repayment in full of the Obligations as set forth in this trust deed and any Loan Document. All amounts
<br />shall be paid when due as provided for in the Loan Documents creating the Obligations secured by this
<br />trust deed.
<br />This trust deed secures all Obligations, including, but not limited to the following:
<br />Date of Note(s) or other Loan Document(s)
<br />03/16/2016
<br />03/16/2016
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one
<br />time will not exceed the sum of SIX HUNDRED FIFTY THOUSAND ($650,000.00), exclusive of interest
<br />and protective advances authorized herein or in any Loan Document and such other amounts allowed
<br />by law.
<br />NOTHING CONTAINED HEREIN SHALL CONSTITUTE A COMMITMENT TO MAKE FURTHER OR
<br />ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL
<br />PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This trust deed will be due June 1, 2036.
<br />Principal Amount
<br />$375,000.00
<br />275, 000.00
<br />201601568
<br />Trustor hereby warrants that Trustor holds good and marketable title in fee simple to the above
<br />described Property, that Trustor has good and lawful authority to trust deed the same, that the Property
<br />is free and clear of all liens and encumbrances, except those set forth in a title policy or title opinion
<br />purchased by Lender and deemed acceptable by Lender, in its sole discretion, in relation to this trust
<br />deed and that Trustor will warrant and defend the Property at Trustor's expense against all claimants
<br />whomsoever. Trustor also hereby waives and relinquishes all rights of dower, homestead, distributive
<br />share, and exemption in and to the above described Real Property.
<br />It is understood and agreed between Trustor and Lender that this trust deed is given to secure the
<br />repayment in full of the all Obligations, regardless of whether Trustor is liable thereon, and all future and
<br />additional loans or advances, protective or otherwise, which may be made by Lender, at its option, at
<br />App #: 5377029; CIF #: 200343; Note #: 3024183 220SQ Legal Doc. Date: March 16, 2016
<br />FORM 5011, Trust Deed and Assignment of Rents Page 3 of 8
<br />
|