201604363 - Laserfiche WebLink

Browse

2� 1 ��43�3 �EED DF TRUST Loan No; '1�'1�93957 ��orltirlued� Page � The Real Prvperty ar its address is commvnly known as '16�3 N �USTER AVE, GRAN❑ ISLANO, NE �58�3-�55'�. The Real Praperty tax identif�cation number is 4��8885'I. REV�LVING LINE L]F CRED�T. This Deed of Trust secures the lndehtedness incfuding, without limitat+on, a re�al►►ing line of credit, which ahligates Lender to make ad�an�es tv Trustvr so Iong as Trustor complies with a!I the terms of the Credit Agre�ment. Such ad�an�es may be rnade, repaid, and r�made from time ta time, subject ta the limitation that the total vutstanding halan�e owing at any ane time, not inc�uding finan�s charges on su�h balance at a fixed or �ariable r�t� ar sum as pro�ided in the Credit Agreement, any temporary o�erag�s, o#h�r charges, and any amounts expended or ad►►anced as prv�ided in this paragraph, shall not exceed the Credit Limit as pra�ided in the Credit Agreement. �t is the intenti�n vf Trustor and Lender that this Qeed a#Trust se�ures the haEan�e autstanding under the Credit Agreement from time to time from zera up to the Credit Limit as pra�ided in the Credi# Agreemen� and any intermediate balance. �"rustor presently assigns to Lender talso known as Benefic�ary in this Deed af Trustj all ❑f Trustar'� right, titie, and interest �n and to all pres�nt and future leases of the Property and a�� Rents fram the Pr�perty. In addition, Trustor grants t❑ Lender a Uniform Cammercial CQde security interest in the Personal Property and Rents. THIS QEED �F TRUST, INCLUDING THF A55lGN1YlENT DF RENTS AND THE SECURITY 1NTEREST 1N THE RENTS AND PERS�NAL PRflPERTY, 15 GtVEN T� SECURE {A� PAYMENT �F THE 1NDEgTEDNESS AND �B} PERF�RIVIANCE �F EACH �F TRUST�R'S AGREEMENTS AND �BLIGATI�NS UNDER THIS DEE❑ 4F TFiIJST. THIS DEED �F TRIJST IS G�VEN AND ACCEPTED �N THE F�LL�INING 7ERMS: PAYMENT AN❑ PERF�RMANCE. Except as otherwise prar�ided in this Deed of Trust, T�ustor shail pay �❑ Lend�r a�i amounts secured by this Deed vf Tru�t as they be�vme due, and shall stri�tly and in a timely rnanner perform a!I flf 7rustor's obligatians under the Credit Agreement, this ❑eed ❑f Trust, and the Relat�d Dacuments. PQSSESSI�N AND M►41NTENAN�E �F THE PR�PERTY. Trustvr agrees that Trustar's possession and use af the Prope�ty sha�! be go�erned by the f�ll�wing pra�isions: Possess�on and Use. Un�il the vc�ur�ence of an E�ent of ❑efault, Trustar may t17 remain in possessian and contrfll �f the Prvperty; (Z7 use, vperate vr mar�age the Propert�; and �3� colle�t the �ents from the Property. Duty tv Maintain. Trustar shas� maintain th� Property in good condition and promptly perform all repairs, replacements, and maintenan�e necessary to pr�ser�e its �alue. Hazardvus 5ubstanc�s. Trustor represen�s and warrants that the Pr�perty ne�er has heen, and r�e�er will be so long as this Deed ❑f Trust remains a lien on #he Pr�perty, u��d for the generation, manufacture, starage, treatment, disposa#, release or threatened rel�as� of any Hazardous Substanc� in �iolation of any En�irvnmen�al Laws. Trustor authvrizes Lender and its agents ta enter upvn the Proper#y to make such inspecti�ns and tests as Lender may deem appropriate t❑ determine compliance of the Property with this section af the �eed ❑f Trust. Trustor here�y ��y releases and wai�es any futur� ��aims against L�nder for indemnity ar contribution �n th� e�ent Trustor becomes liable far �leanup or other costs under any su�h laws, and �� agrees to indemnify, defend, and hvid harmless Lender agatnst any and a�i claims and losses resulting frvm a breach vf this paragraph of the Deed of Trust. This abligation �❑ indemnify and defend shall sur�i�e the payment �f the Indebtednes� and the satisfactian of this ❑eed ❑f Trust. DUE �N SALE - �C?NSENT BY LENDER. Lsnder may, at Lender's optian, declare immediat�ly due and payable al� sums se�ured by this Deed at Trust upon ihe sale or transt�r, without Lender's prtor written consent, of all �� a�y part ❑f the Real Praperty, or any interest in the Real Pr�perty. A "sale �r transfer" means the �on�eyance ❑f Fteal Praperty ❑r any right, title or interest in the Real Property; whe�her legal, beneficial ar equitable; whether �oluntary ❑r involuntary; whether by outright sa�e, deed, installment sale c�ntra�t, land contract, �ontract far d�ed, ieaseh�ld interest with a term greater than three �33 years, lease-�ption cantract, ar �y sale, assignment, or tran�fer ❑f any beneticial interest in or t� any land trust hv�ding title tv the Rea� Praperty, ❑r by any ath�r method of con�eyance ❑f an int�rest in the Real Praperty. Howe�er, this option shall nat be exercised by Lend�r if such exercise is prahibited �y f�deral law ❑r by Nebraska law. TAxES AND LIENS. The f�llowing pro�isions r�lating ta the �axes and liens on the Property are part ❑f this Deed o# Trust: Payment. Trustor shall pay when due �and in all e�ents prior tv delinquencyy all taxes, specia! taxes, assessments, charges �in�Euding water and sewer�, fines and impositions le�ied against or ❑n a�count of th� Prope�ty, and sha11 pay when due all claims for work dane vn or for ser�i�es rendered �r material furnished to �he Property, Trustor sha�l maintain the Property free of all lians ha�ing priarity o�er❑r�qual to the �nter�st ❑f Lend�r und�r this Deed of Trust, except for the lien of taxes and assessments not due and except as otherwise pro�ided in this D�ed of Trust. PR�PERTY DAMAGE INSLJRANCE. The follawing pra�isi�ns relating t❑ �nsuring the Property are a part of this �eed af Trust. Maintenan�e of insurance. Trust�r shall pr�cure and maintain poli�ies of fire insurance with standard extended cv�erage endarsem�nts on a fair �alue basis for the full insurab�e �alue co�ering all Imprv�ements ❑n the Real Praperty in an amount sufficient t❑ a�oid applicatian ❑f any coinsuran�e clause, and with a standard mortgagee clause in favor of Lender, tagether with su�h Qther hazard and liability insurance as Lender may reasanabiy require.