|
rn
<br /> m I�] � �
<br /> rnm � y rn
<br /> o �� � � �rn � rn
<br /> �, �o rn � � o
<br /> o �z � a z� � �
<br /> � �� � � �Z �7 U]
<br /> � Z� � � � —
<br /> � �� p � �ornv � c.zi�
<br /> rn� rn �� � �
<br /> rn� � � =c�r� I� c
<br /> �o cn � �
<br /> cr� r� �
<br /> oa o � `.`. Z
<br /> p� � � �
<br /> � Z
<br /> �
<br /> WHEN REC�RDED MA�L T�:
<br /> Exchange Bank
<br /> GI-A�len Dri�e Bran�h
<br /> ��04 Allen Dr
<br /> Pa Bax 5793
<br /> Grand lsiand, NE �88�2 F�R REC�ROER'S USE�NLY
<br /> DEED �F TRUST
<br /> TH15 DEED �F TRUST is dated De��mber ��, ��'I�, amvng Tr�y L Huff and Tamie Huff;
<br /> Husband and Wife �"Trustor"�; Exchange Bank, whose address is GI - Al�en �3rir►e Branch, 'I��4
<br /> Alien Dr, P[] Bax 5793. Grand Island, NE �88�2 treferred to below sometimes as "Lende�r"' and
<br /> sometimes as "Benefi�iary"�; and Exchange Bank, whnse address is P�B 7��, Gibbon. NE
<br /> �884� �referred t� below as "Trustee"�,
<br /> C�NVEYAN�E AND GFiANT. For Waluable cvnsideration, Trustor �on�eys tv Trustee in trust. WiTH PC]WE� OF SALE.
<br /> for the bene�it afi Lender as Ben����iary, all ❑f Trustor's right, title, and in�terest in and t� the fiollow�ng des�rib�d real
<br /> property, together with a�l existing ❑r subsequently erected or affixed buildings, impro�ements and fixtures; all
<br /> easements, rights of way, and appurtenan�es; ail r►vater, water rights and ditch rights �including stock in u�ifities wi�h
<br /> di�ch vr irrigation rights}; and a!I ��her rights, royalties, and profits r�iating ta the r�al prvpe�ty, including without
<br /> limi�ation al! minerals, oil, gas, geothermal and similar matters, �th� "Rea! Prop�rty"; Io�ated in Hall County,
<br /> 5tate of Nebraska:
<br /> See the exhibi# or ather description dvcument ►n►hi�h is attach�d to this Deed af Trust and
<br /> made � part of this Deed vf Trust as �f fully set forth herein.
<br /> The Real Praperty or its address is commonly knov►rn as �2'I'I 'W Di�is�an St. Grand Island, NE
<br /> �88�3.
<br /> CR�SS-CDLLATERALI�ATI�N, ln additian to �he Nate. this Deed o�Trus� se�ures all vbligations, debts and liabilities.
<br /> plus �nterest thereon, of Trustar to Lender, vr any one or mare of them, as ►rve!! as al1 claims hy Lender against Trustor
<br /> or any one ❑r more of them, whether naw exist�ng or hereafter arising, ►rvhether �elated or unrela�ed to th� purpose a�
<br /> the Nate, whether �aluntary or oth��wise, whether due or not due, direct or indirect, determined or undetermined,
<br /> absalut� vr contingen#, liquidated or unliquidated, whether Trustar may �ae liable �ndi�idually ❑r �ointly with athers,
<br /> whether obf�gated as guarantor, surety, accommoda�ion party or ❑therw'tse, and whether reco�ery upvn such amounts
<br /> may �e or hereaf�er may heGvme barred by any statute of fimitations, and wh��h�r�h�obliga�ian to repay such amoun�s
<br /> may be or hereaf�er may become otherwise unen#vrceable.
<br /> FUTURE�4DVANCES. I n addition t❑the Note, this Deed vf Trust secures al�#u�ure ad�ances made hy Lender t�Trustor
<br /> whether ar not the ad�ances ar� made pu�suant to a commitment. Specif�cally, without �imitatian, this ❑eed o#Trust
<br /> secures, in addi�ion to the amoun�s specified �n �he Note, all future amoun�s Lend�� in its discre�ion may �aan to
<br /> Trus�or, together with all int�rest thereon.
<br /> Trustor presen�ly assigns �o Lender �also �nown as Seneficiary in this ❑eed of Trust� all vfi Trustor's right, tit�e, and
<br /> interes� in and �o all present an�l future leas�s of �he Prop�rty and al[ Rents from th� Prflperty. In addition, Trustor
<br /> grants to Lender a Uni�orm Camme�-cial Code security in#erest in�he Personal Property and Rents.
<br /> THIS [3EED�F TRUST, INCLUDING THE ASSIGNMENT QF RENTS AND THE SECURITY INTEREST IN THE RENTS AND �
<br /> PERSONAL PRQPERTY, 15 GIVEN T� SECURE �A) PAYIVIENT �F THE INDEBTE�NESS AND {B� PERF�RMAN�E�F .
<br /> ANY AND ALL 06LIGATIQNS UN�ER THE N�TE, THE RELATED D�CUMENTS, AND THIS ❑EED flF TRUST. THIS
<br /> DEED�F TRIJST 15 G1VEN AND ACCEPTED�N THE F�LLOWIN�TERMS:
<br /> PAYtVIENT AND PERF�RMAN�E. Except as o�herwis� p�o�ided �n this Deed a� Trust, Trustor shall pay �o Lender a[!
<br /> amvunts secured by this ❑eed of Trust as they become due, and shal� strictly and in a �imely manner per�orm all ❑�
<br /> Trus�or's vt��igations under the Note, �his D��d o#Trust, and�he Related Dvcuments.
<br /> P�SSESSION AND MA[NTENANCE �F THE PRDPERTY. Trustvr agrees �hat Trustor's possession and use vf the
<br /> Property sha�l be go�erned by the following pro�isivns:
<br /> Possessian and Use. Untii the vccurrence of an E�ent of Default, Trus�or may 4�� remain in passession and
<br /> control of�he Property; 4�} use, vpe�ate or manage the Praperty; and �3� cv��e�t the Ren�s trom�he Prope�ty.
<br /> Duty to Ma�ntain. Trus�or shall ma�ntain the Prop�rty �n tenantable cvndition and promptiy perform all repairs,
<br /> replac�men�s, and maintenance necessary�o preser�e its�alue.
<br /> Cvmpliance With En�ironmen�tal Laws. Trustor represen�s and warran�s tv Lender that: 41 f During the period of
<br /> Trustor's ownership ofi the Propertyo �here has heen no use, generation, manu�acture, storage, treatment, disposal,
<br /> release or threatened release of any Hazardous Substance by any person on, under, about or from th� Proper�y;
<br /> ��� Trustor has na knawled�e of, or reason to belieue tha�there has been, exc�pt as pre�i�usly disclosed t❑ and
<br /> a�knawledged E�y Lender in wri�ing, {ay any breach �r �iolation o# any En�ironmental Laws, �by any us�,
<br /> generation, manufacture, storage, �reatment, disposal, release or threatened release of any Ha�ardvus Su�stance
<br /> vn, under, abou� or #rom the Property by any priar own�rs ar occupants of th� Pr�perty, or �c� any actua� or
<br /> �hreatened litigati�n or claims of any kind �y any person reiating t❑ such mat�ers; and �3� Except as previ�usly
<br /> disclosed to and acknowledged by Lender�n writing, ta� neither Trusto�nvr any tenant, contractor, agen�or other
<br /> �A �
<br /> � �
<br />
|