|
rn
<br /> m � � �
<br /> .: rnm � � rn
<br /> o �� � � �rn � rn
<br /> �, �o rn � � o
<br /> o . �z � � Z� � y
<br /> � �� � � �Z �7 U]
<br /> � z� � � �rn � —
<br /> � �� � � �ov � cn
<br /> rn� rn � �� � �
<br /> rn� o � =c�i� IV c
<br /> �° � � � �
<br /> �� r�
<br /> a�o � .�.� Z
<br /> o� � � �
<br /> � Z
<br /> . �
<br /> 3
<br /> WHEN REC�RDED 1Vf AIL T�: �
<br /> Ex�hange Sank �
<br /> �I-Al�en�rive Branch
<br /> 'I 2Q�-AIIen Dr
<br /> P� Box 5793
<br /> Grand Isiand,NE 5H802 F�R RFC�RDFR'S llSE�NLY
<br /> DEED �F TRUST ,
<br /> TH�S DFED �F TR[JST is dated Qctaber 3, �0�6r among Shirley A Schott and Guy M Schott�Sr,
<br /> 1Nife an d H usband; as jairtt fenants t T'Trustar'T�� Exchang e Bank, wh ase address is G j - Ai�en
<br /> Dri�re Branch, '12�4 A��en I3r, P� Box a793, Grand i�land, NE 688�� �referred tv below
<br /> somef�m�s as r'Lender'r and sometimes as "Beneficiary"}r and Exchange Bank, whose address �s
<br /> P� Box 397� �earney, NE �884$ {referred ta heIow as "Trustee"�.
<br />� C�NVEYANCE AND GF�ANT. Far�aluable cansideration,Trus�or canveys fo Trustee in trustr WiTH P�WER aF SALE,
<br /> for the benefit of Lender as Beneficiaryr all o�f Trustor's right, tx�Ie, and infe�es� in and �❑ �he foflowEng desc�ibed real
<br /> � property, toge�h�r with aII exis�ing or subsequently erec�ed or afFixed buildingsr imp�a�emen�s and fixtures, aII
<br /> easements, righ�s of way, and appurtenances; a!! wa�er, wa�er righ�s and ditch righfis {including stock in u�ilit�es with
<br /> di�ch or irriga�ion righ�s}f and all o�her rightsr rayalfiiesr and protits relating to �he real property, including withou�
<br /> Iimi�a�ion all minerals, ❑iir 9aS� geothermaI and simiIar mattersr �fhe "Rea[ Propertyn} Iocated in HaII Cvunty,
<br /> Sfafe of Nebraska:
<br /> Th� NorfherIy 6D feet af Lot �r B�pC� 7, South Grand IsIand, an addition tv the Ci�y vf
<br /> Grand Island, Ha[I Cvunfy, lllebraska. .
<br /> The Real Prvperty ar i�s address is �ammanly known as S�� S Pine St, Grand Isiand, ,lIIE
<br /> 688�'�, The ReaI Property tax icien�ification numi�er is 4��D93936.
<br /> REVnLViN� LINE DF GREDIT. This Deed ❑f Trust secures the indeb�edness in�Iuding, w�thout Iimitativn, a revolving
<br /> Iine of credit, which obIigates Lendat`to make advances fa Trustor so lon� as Trustar cvmp�ies with a�i the terms vf�he
<br /> Cred�f Agxeement. Such advances may be made, repaid. and r�emade fram time to time, subject tv the limitatian tha�
<br /> fhe totaI outs�anding baIance owing at any vne time{ nvf including finan�e chargss on such ba�ance at a fixed or
<br /> �ariable rafe or sum as prorrided in the Credit Agreement, any temporary ❑rrerages, oth�r charg�s, and any amounts
<br /> expended or ad�an�ed as pravidad in either the �ndebtedness paragraph or this paragraph. shali not exceed the Credit
<br /> � Limi�as pravided in the Gredit Agreemen�. [t is the intent�on �f Trustvr and Lender that this Deed o�Trust secures the
<br /> balance autstanding under the Gredit Ayraement from time to time from�ero up to the �redit Limit as prvvid�d in fhe
<br /> Gredit Agreement and any intermedi��e ba[an�e. �
<br /> Trustvr p�esen�Iy assigns t❑ Lender {also known as Benef�c�ary in this Deed of Trus�� al� ❑f Trus�or's �igh�, �x�Ce, and
<br /> interest in and ta aI1 present and future jeases of the Property and a1! Rents �rom the Praperty, �n addi��on, Tt'ustor
<br /> gran�s tn Lender a Uniform Commercial Code security interest in�he Personal Property and Rents.
<br /> TH1S DEED �F TRUST, iNGLUDING THE A�SIGNME�IT OF RENTS AND THE SEGURITY INTEREST IN THE RENTS AND
<br /> PERSONAL PR�PERTYr jS G1VEi1[T� SECURE �A� PAYMFNT 4F THE jNDEBTEDNE�S AND �g7 PERFaR11liAN�E �F
<br /> EACH �F TRUST�RrS AGREEMENTS AND flBL1GATIflNS. UNDER THE CF�ED�T AGREEMENTr THE RELATED
<br /> DD�UMEIIiTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST I5 GtVEN AND ACCEPTED �N THE F�LL�WiNG
<br /> TERIVIS:
<br /> PAYMENT AND PERF�RMANGE. Except as otherwise pravided in this Deed af Trus�{ T�-usfior shaII pay to Lendet- all
<br /> amounts s�cured by this Deed of Trust as they become due, and shall stric�Iy and in a tirr-i�Iy manner per�orm aII o�
<br /> Trustor's obCigations under the Credit Agreemen�,�his ❑eed af Trustr and the Rela�ed DoGumen�s.
<br /> P�SSESSI�N AND MAINTE[IIANGE �F THE PR�PERTY. Trus�or ag�ees �ha� T�us�or's possessinn and use vf,the
<br /> Property shai� be go�erned by the�oiIowing pro�i��ons:
<br /> Posse�sivn and Use. UntiI the occurr�n�e ❑f an E�en� af De�ault■ Trustor may � {'!� remain in possession and
<br /> control of�he Prope�ty� {2} use, opera�e or manage the Proper�y; and {3� colIec��he R�n�s�rom�he Proper�y. '
<br /> �u�y to Maintain. Trustor shalC mainta'rn �he Properry in gaod condition and promptly perfvrm all repa�rs�
<br /> replacemen�s, and maintenance necessary to presenre its�aiue, � _
<br /> �omplian�s With En�iranmenfial Laws. Trus�or represents and warrants to Lender tha�; {'1} During the pe�rad ❑�
<br /> Trustor's ownership of the Prvpe�y,there has been na use, generation, manufac�ure, storage,�reafinent, disposaI,
<br /> reiease or threa�ened retease of any Hazardous Substance by any per-son on, under, about ar�rom the Property;
<br /> {2} Trusfvr has no knowledge ❑f, or reason to belie�� �ha��here has been, e�cep�as pre�iousIy discIosed to'and
<br /> ackn�wIedged by Lender in wri�ingr {a} any breach or �iolation of any En�iranmen�a� Lawsr {b} any ,use,
<br /> genera�ionr manu�ac�ure, s�orage, treatment, disposaI, release or�hrea�ened release of any Ha�ardous Subs�ance
<br /> on, under, a�out or firnm the Property by any prior vwners �r accupan�s of�he Property, ❑� (c} any actuaI or .
<br /> threatened fitiga�ion ot� claims o� any kind �y any person relating ta such matters; and {3� Except as pre�iously
<br /> disclased to and acknowledged by Lendez in writing. �ay neither Trustar nar any fenant, can�ractor, agent or other
<br /> � au�horized user❑f�he Property shail use, genera�e, manufacture, s�ore{treat, dispose of or release any Hazardvus
<br /> Suhstan�e on, under, abou�o�from th� Prop�rty; and {b} any�uch ac�i�i�y shall be conducfed in compliance irvith
<br /> all appIiGable fede�al, s�a�e, and jocai laws, regulafions and ordinances, including wi�hout I�mita�ian al[
<br /> �
<br /> ,
<br /> �
<br />
|