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<br /> WHEN REC�RDED MAIL T�:
<br /> Exchange Bank
<br /> GI-Allen Dri�e Bran�h
<br /> 7 204 Allan Dr
<br /> PD Bvx 5793
<br /> �rend Island NE B88fl2 F�R RE��RDER'S USE�NLY
<br /> C�NSTRUCT��N DEED �F TRUST
<br /> TH15 DEED �F TRU�T IS A C�NSTRUCTl�N SECURITY A�REEMENT
<br /> INITHIN THE MEANING �F THE NEBRASi(A ��NSTRUGTl�N LIEN ACT
<br /> THIS DEED �F TRUST is dated January 4. ��'17. among UlIABRELLA DEVEL�PMENT LLC. A
<br /> Nebraska Limited Liab�lity Comp�ny t"Trustvr"j: Exchange Bank. whase address is �I - Allen
<br /> Drir►e Br�nch. 7 2�4 Allen Dr. P[� 8vx 5793. Grand Island. NE �88D2 trsferred to b�IQw
<br /> sometimes as "Lender" and sometimes as "Benef�c�ary"f; and Exchange Bank, whose address is
<br /> P�B 76�. Gibban, IVE fi884� �referred to below as "Trustee"�.
<br /> C�NVEYANCE AND GRANT. Far�aluabie�ons�deratian. Trustvr con�eys tv Trustae in trust� WETH PDWER �F SALE,
<br /> fvr the benefrt af Lender as Beneficiary, ail of Trustor's right, title. and interest in and to the follawing described real
<br /> property, together with all existing vr subsequen�ly erected or affixed build�ngs, impro�ements and fixtures; all
<br /> easements, rights vf way, and appurtenances; all wa#er, water righ#s and ditch rights tincluding stock in uti�it�es with
<br /> dit�h or irrigation rightsf; and al� athsr rights. royalties, �nd profits relatin to the real propert�. including without
<br /> limitation all minera�s oil as eothermal and similar matters rthe "R��I ��v e } " IoCated in Hal� Caun} ,
<br /> ■ r 9 � 9 ► ■ p ''`Y � i11
<br /> 5tete of Nel�raska:
<br /> Lot 8, North�iew Ninth Subdi�isivn in the City of Grand Island, Hai! �vunty. Nebr�ska
<br /> The R�al Prvperty or its addre$s is cvmmonly known as 4�86-4D�8 Narth Point �ircle. Grand
<br /> Is�and, NE �88�3.
<br /> CR�SS-CDLLATERALIZATIDN. In addition to the Note� this Deed of Trust secures all ablig�ti�ns, dgbts and �iabilities,
<br /> plus interest thereon, of Trustor to Lender, or any ane vr mare of them, as well as a!i claims hy Lender against Trustor
<br /> ar any one ar mare of them, whether now existing �r hereafter aris�ng, whether re�a#ed or unrelated to the purpose of
<br /> the Nvte, whether �vluntary or otherwEse, whether due or nat due, diract or indirect, determined or undetermined,
<br /> absolute ❑r contingent. If[�LIfi�BtBL� vr unliquidated, whether Trustor may be liable indi►►iduai�y or jointly with others,
<br /> whether obiiga#ed as guarantor, surety. acc�mmvdation party or vtherwise, and whether reco►►ery upvn such amounts
<br /> ma�y be❑r hereafter may become b�rred by any statute of limitations, and whether the obligation to repay such amounts
<br /> may be vr hereafter may become otherwise unenforceehle.
<br /> FUTURE ADVANGES. In addition to the Note,this❑eed of Trust secures a!I future advances made by Lender to Trustor
<br /> whether vr not the ad�ances are made pursuant tv a commitment. 5peci#ica��y, withvut limitation, this Deed of Trust
<br /> secures, �n addition to the amounts specified in #he Note, all future amounts Lend�r in its discretion may laan to
<br /> Trustor, tagether with all interest thereon.
<br /> T�ustor presently assigns to Lendar �also known as Beneficiary in this Deed of Trust� a!I of Trustor's right. #itle, and
<br /> inte�est in and to all present and #uture Isases o# the Property and a�! Rents from the Praperty. In addition, Trustor
<br /> grants tv Lender a Uni#orm Commerc�al Code security interest in the Persanal Property and Rents.
<br /> THIS DEED aF TRUST, INCLUDING THE ASSIGNMENT�F RENTS AND THE SECURITY INTEREST IN THE REIVTS AN�
<br /> PERS�NAL PR�PERTY, IS GIVEN TD SECURE tAf PAYMENT�F THE INDEBTEDNESS AND �By PERFDRNIANCE�F
<br /> ANY AND ALL �6L�GAT�QNS LJNDER THE NDTE, THE RELATED D�CUMENTS. AND THlS DEED �F TRUST. THIS
<br /> DEED �F TRUST. INGLUDING THE ASSIGNMENT �F RENTS AND THE SECIJRITY INTEREST IN THE RENTS AND
<br /> PER5�NAL PR�PERTY. IS ALS� GIVEN T� SECLJRE ANY AND ALL �F TRUST�R'S �BL�GAT��NS UN�ER THAT
<br /> CERTAIN C�NSTRUCTI�N LDAN AGREEMENT BETVYEEN TRUST�R AND LENDER �F EVEN DATE HEREINITH. ANY
<br /> EVENT �F DEFAULT UNaER THE C�NSTRUGTI�N L�AN AGf�EEMENT, �R ANY QF THE RELATED D�GUMENTS
<br /> REFERRED T� THEREIN, SHALL ALS� BE AN EVENT OF �EFAULT UNDER THlS DEED �F TRUST. THIS �EED �F
<br /> TRUST IS GIVEN AN�ACCEPTED DN THE F4LL�WING TEl�MS:
<br /> PAYMENT AND PERF�R�IAANCE. Ex�ept as otherwise pro�ided in this Degd of Trust, T�ustor shall pay to Lender a!I
<br /> amounts secured by this Deed of Trust as they become due. and shail str�ctly and in a timeiy m�nner per#orm all vf
<br /> Trustar's obligativns under the Note,this Deed vf Trust, and the Related Dacuments.
<br /> ��NSTRUGTI�N IVI�RTGAGE. This Deed vf Trust is a "constru�t�vn mortgage" for the purposes vf Secti�ns 9-334
<br /> and 2A-3�9 of the IJnifarm Commercial Code, as th�se sections ha�e been adopted by#hg 5#ate❑f Nebraska.
<br /> PQSSESSIQN AND MAINTENANCE �F THE PRDPERTY. Trustor agrees that Trustar's possession and use vf the
<br /> Prvperty sh�ll he go�erned by the fo�lowing pro�isions:
<br /> Possession and Usa. Until the occurrence of an E�ent of �efaul#, Trustor may t 1 j remain in possession and
<br /> contral of ths Prvperty; �2} use,vperate or manege the Prvperty;and �3� callect the Rents from the Property,
<br /> Duty to Maintain. Trustor shal� maintain the Property in tenantahle �ondition and pramptly perform all repeirs,
<br /> replacements, and main#enance necessary to preser►►e its�a�ue.
<br /> CoRtpl�ancs With Environmental Laws. Trustor represents and w�rran#s #o Lender that: �1 f ❑uring the period of
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