201608127 - Laserfiche WebLink

Browse

rn m � � � rnm � y rn o �� rn � rn �, �o rn � � o o �z � a z� � � �o �� Z �7 U] � z� � � � — � �� p � �ornv � c.zi� rn� rn � �� rn� � � =c�r� � � �° � � � � �� r� �� .�.� rn Qm� � � z � CI] � � Z � WH EN REG�RDED MA�L T�: Ex�hange Bank GI-Ai[en Drive Sranch ']2��AE�en Dr Pa Box 5793 Grand Island, NE 6880� FOR REC�RDER'S U5E�NLY DEED �F TRUST THIS DEED �F TRUST is dated Nvvemher ��, 2�'[6, among flanie� C. Lenon and Teddi R. � `Illilson� Husband and �lllife; as jv�nt tenants �"Trusfor"}; Exchange Bank, whase address is GI - Allen Drive Branch, '1��4 AIien Dr, P� Bax 5793, Grand 1sIandr NE �88q2 �referred t� belvw ' sametimes a� "Lender� and sometimes as T`Benefic�ary"}; and Exchange Bank� whvse address is � P� Bax 397, Kearney, NE �8848 �referred to helow as "Trustee"}, G�NVEYANCE AND GRANT. For�aIuable considerafion�Trustor con�eys to Trustee in frust, WITH P�WER OF SALE. for the benefit of Lender as genefciar�, all of Trusta�'s �'ight, fi�le� and inferes� in and �o �he folIowing described rea� prape�-�fy, �oge�her wi�h ail exis�ing or subsequen�Iy e�rected or af�ixed bu�Idings, impro�emen�s and fixtures; all easemen�s, righ�s o�wayr and appur�enances; all water. water rights and di�ch righfs �including stock in utilities with di��h ar irriga�ian righ�s}; and a11 other righ�s, rayaIties, and p�afits re�a�ing �❑ the real property, incfuding withou� Iimitation all mineraIs, oil� gas, geothermal and similar mat�ers, �the 'TReal Pro�erty"} Iocated in HaII �ounty, � State af Ne�raska; Lot �4, B1vck "I, Knickrehm Fiffh Addition to the City of Grand 1sIand, Ha[I Caunty� Nehraska. , � The Rea[ Property ❑r its address is commvn�y known as '�43 W �3rd 5treet, Grand �sIand, NE �88�'1. The Reaj Property tax iden�ifi�at'ron number is 4��53497. REVOLVING L[NE �F CRED[T. This De�d of Trust secures the Indebfedness inciuding, without Iimitativn, a re�ol�ing , line of credit.whi�h obIigates Lender`to make advances�o Trustnr sv Iang a�Trusfor complies with aii fhe ferms o��he Credit Agreemenf. 5u�h ad�ances may be made� repaid, and r�made from�img#o time, subject�o fhe limitatian that the �ofa� outs#anding balance owing at any one time, not including finance charges ❑n su�h balance at a .fixed or � variab{e rate or sum as pro�ided in the Gred� l�greement, any temporary o�erages, other charges. anc� any amounts expended ❑r ad�anced as pro�ided in either the Indeb�edness paragraph ❑r this paragraph, shajI not axcesd the Gredit Limi�as pro�ided in the Credit Agreement. Et is the intentian of Trus�ar and Lender t�at this Deed of Trust secures the balance outstanding under the Credit Agreament from fime ta time from �era up ta the Crsdit Limrt as providgd in the Credit Agreement and a�y intermediate baIance. . Trus�or presen�ly assigns to Lender �also known as Beneficiary in �his Deed a�F Trust} all of Trusto�'s righ�,�tifxe� and interest in and �o a1I present and �uture ieases ofi�he Property and aIl Rents trom th� Property, �n addition, Trustor grants to Lender a Unifor�m Gommercial Code security inter�st in the Personal Property and Ren�s, TH15 DEED QF TRUST, INCLUD�N�THE ASSIGNMENT �F �tENTS AND THE SECUR��Y r�V�EREST IN T�E REN7S AN� PERS�NAL PRDPERTY. IS G1VEN TQ SECURE �A� PAYMEl1IT �F THE INDEBTEpNESS AND �B} PERFQRMANCE �F EAGH OF T�USTOR'S AGREEMENTS AND �gLIGATI�NS UN�ER THE CREDIT AGREEMENT, THE RELA7ED D�CUMEN`�'S, AND TH15 DEED OF TRUST. THIS I]EED QF TRUST iS GIVEN AND ACGEPTED ��li THE FOLL�V1l�NG TERIV[5: PAYMENT AND PERF�RMANCE. Excep� as otherwise provided jn �h�s Deed af Trus�, Trustor shal� pa� to Lender all a�moun�s secur-ed by �his ❑eed of Trus� as �hey becorrme due, and sha�I strictly and �n a timely manne� perform aII af Trus�or's obligations under the Credit Agreement,this Deed of Trust, and the Related Documents. E P�SSESSI�N AND MAIIVTENANCE �F �'HE PR��ERTY. Trustar agrees tha� Trustor's passession and use afi the Prope�ty shalf be go�erned by the following pro�isions: Possessian and Use. Un�il the occu�rence af an E�en� of ��auIt� T�ustar may �� emain in possession and cont�oi o�the Property; �2} user ❑pera�e ar manage�he Praperty; and �3} callect the F�ents from the Prope�y, Dufiy tv Maintain. Trus�or shall maintain �he Prope�ty in gaod condi�ion and pr�mptly perform aII repairs, replacemen�s. and maintenance necessary�o preserve its�alue. �ompliance With En�ironm�ntaY Laws. T�ustor represents and warra�ts �❑ Lender that; �'f} During the peri�d vf Trusfor's ownership ❑fi the Praperty,there has been no use, generatianr manufacture, storage,f�eatment� dispasal, release ❑r threatened re�ease a� any Haza�dous Substanae by any person ❑n� under, abou� or from the Property; ��} Trus�ar has na knowIedge ofr or reason to beI�e�e �ha�there has been, except as pre�iousIy disciosed to a�d acknawledged by Lender in writing{ {a) any breach or �ivlation of any En�ironmental Laws, t�7 any use, generation, manufacfure, storage, treatment, disposai, reiease or�h�eatened release of any Hazardaus Subs�an�e on, under, about o� ��om �he Property by any prior owners o�- occupants of the Praperryr or �c� a�y ac�ual or �h�eafened litigat�on or- claims ❑f any kind by any person reIa�ing �a such mat�ers; and �3} Except as pre�iously disc�osed ta and acknowledyed by Lender in writ'rng. {a� neithe�Trus�or nor any�enan�, cantractor, agen�or��her authorized user of the Proper�y sha�[ use, genera�et manufac�ure� s�ore, treat� dispose of or r�Iease any Hazardous 5ubstance on, under� about or firom�he Property; and �b} any such ac�z�ity shall be conduc�ed in campliance with aII appCicable federa�, stater and Iocal [aws, t�eguIations and ordinances, including without Iimitation. all �