201604086 - Laserfiche WebLink

Browse

rn m � � � rnm � y rn o �� rn � rn a� �o rn � �C p � o �z � C Z� � � o �c� � r �z �7 cn � �� rn � z � . �� rnm rn � _� � � c� o � y cn �7 C �� CI] r� � �� rn d7 Q � �� p� � � � � � Z � WHEN REG�RDED MAIL T�: Exchange Bank GI-Al�en ❑ri�e Bran�h '1�04 Allen Dr P� Box 5793 Grand Is�and, NE 68802 F�R REC�RDER'S U5E�NLY DEED �]F TRUST TH15 DEED �F TRUST �s dated June �7, ��'!�� amang Frank Pa�amares and Nancy T Palvmares, Husband and �IVife� t"Trustor"}� Exchange Bankr whose address �s G� - Af�en Dr�ve Branch, '!��4 Al�en Dr, P� Box 5793, Grand �sIand� NE 6$8�2 �referred ta befow sametimes as "Lender" and somet�mes as "Benefi�iaryT'}; and Ex�hange Bank, whvse address �s P❑ Bax 397, �earney� NE �8848 �referred tv belaw as "Tru�teer'}. CONVEYANGE AND GRANT. For�aluab[e consideration,T�usfor �vn�eys�❑Trustee in trust, WITH P�WER �F SALE, for fhe beneft of Lender as Benefciary, alE v�Trustar's rightf ti�le, and int�res� in and to �he �al�owing described real praperty� t�gether with all exisfing or subsequen�iy erected o� affixed buildings, imp�a�ements and fix-tures; a�� easemen�s, ri�hfs of way, and appurtenances; aii waterf water r�ghts and di�ch rights {including stock in utilities with ditch or irri�a�ian rights}; and all other righ�s, royaIties, and profiifs rela�ing �o the real pr�perty, incIuding withou� I�mita�ion all minerals, oilr gasf ge�thermai and simiIar matters, �the "Real Prvpe�ty"� lo�at�d in Ha�! County, State of Net�raska: Lot Ten �'1�}, Black Ten ��Q}, �ilbertr5 A�dition ta the City of Grand lsland, Hall �vunty, Nebraska. Th� Real P�operty or its address �s �vmmonIy known as ��D4 W 'l�th 5t, Grand [siand� NE �88�'f--4��6. The Reai Property tax �dentificatian number is 4��'!337�5, REVaLVINC LiNE �F �RE�IT. This Deed ❑f Trust secures the �ndebtedness including, without Iimitat�on, a r'evolving �ine �f credit,which obligates Lender t❑ make advances to Barrower so ivng as Sorrower�omplies with�ti the t�rms of the Credit Agreement. 5uch ad�ances may be made, repaid, and remade from time to time, sutalect fo �he limitativn that#he#ofial ❑utstanding balance owing at any one t�me, not incIuding finance �harges on such bafance at a fixed or . variable rafie or sum as pravided in the Gredit Agreement, any temporary overages, other �harges, and any amoun�s expended or ad�an�ed as p�o�ided in either the Indebtedness paragraph vr this paragraph, shall not exceed the Credit Limit as prov�ded in the Cred�t Agreemenf. It is the intention ❑f Trustor�nd Lender that this Deed of Trust secur�s the halance ❑utstanding under fhe Credit Agreement-�rom time �❑time from zero up t❑the Credi� Limit as provided in the �redit Agreement and any infermediate balance, Trus�or presently assigns to Lender �also known as Benefic�ary in this Deed ofi Trus�} a!! ❑f Trusto�'s right{ �itler and in�eres� in and �o a!x presen� and fu�ure leases Q� the Property and a11 Rents fram �he Property. In addi�ian, Trus�ar granfs�o Lender a Unifarm Commercial Code securi�y in�erest in the Persanal Property and Rents, THIS �EED aF TRUST, 1NCLUD�NG THE ASSIGNMENT�F RENTS AND THE SEGUF�ITY INTEREST IN THE RENTS AND PERSDNAL PROPERTYr 15 GIVEN T❑ SECURE {Ay PAYMENT �F THE iNDEgTEDNESS AN❑ �B} PERF�RMANCE DF EA�H �F TRUST�R'S AGREEMENTS AN[3 ❑6LI�AT��NS UN�ER THE CRE[JIT AGREEMEIIfT, THE RELATE❑ ❑�CU1111ENTSx AND THiS DEE❑ �F TRUST. THIS DEED DF TRUST IS G1VEN AN❑ ACCEPTED DN THE F�LL�WIN� TERMS: TRl]ST�R'S REPRESENTAT�ONS AN❑ WARRANTIES. Trus�or warran�s that: {a} this ❑eed o� Trust is executed a� Borrawer's request and no� a�the request of Lender; �b} Trustor has the fulI power, right� and authority �o enter in�o this Deed of Trust and fo hypotheca�e �he Praperky; (c} the pro�isions o�this Deed af Trusf do no� con�Fiict with, or �esuit in a defaui�under any agreement❑r ather instrumen� binding upan Trustor and da nat result in a �iolation of any �aw, regulation, court decree or arder appl�cabie �ka Trusfor; �d� Trustor has es�ablished adequa�e means of ob�aining fram Borrower on a continuing basis information about Barrawer`s financial condi�ivn; and {e} Lende�- has made no represen�ation t�Trus�or about Barrower �including withaut limitation the creditworthiness�f gorrower}. TRUSTaR'S WAfVERS. Trus�or wai�es aIl righ�s o�defenses arising by reason of any "one actian" or"anti�deficienGy" law, or any other Iaw Wvhich may pre�ent Lender �ram bringing any action against Trustor, including a claim for deficiency�o the exten� Lender is otherwise en�itled �a a �laim for deticiency, befio�-e ar after Lender's commen�ement ar�ompletion o�any forecIosure ac�ion, eithe�judicially or by exercise o�a power af sale. PAYMENT AN❑ PERF�RMANCE. Except as atherwise provided in �his ❑eed ❑f Trust, Borrower shalj pay t❑ Lender atx Indeb�sdness secured by �Chis Deed o� Trust as it becomes due, and Barrower and Trustor shali perform afI their respec�i�e abligations under the Credit Agre�ment�fhis ❑eed af Trust, and�he Rela�ed Documents. P�SSESS��fI� AN❑ MAINTENANCE OF THE PROPERTY. Borrowe� and Trus�or agr�e that Borrawer's and Trustor's possession and us�of the Praperty shall be gv�erned by the following pr-o�isions; Passession and Use. Un#ii the occurrence of an E�ent a� Default, Trus�ar may t1} remain in possession and cQntrol of�h� Property� {�} use, operate o�manage�he Property; and {3} coiie�t the Ren�s�rom the Praperty. Duty t❑ Main�ain. Trustor shall maintain the Property in good �andition and pr�mptly perfarm aI� repairs, replacements, and maintenance necessary to preserve i�s �alue.