201701396 - Laserfiche WebLink

Browse

rn m � � � rnm � y rn o �� rn � rn � �orn � � o o �z � � z� � � W �c� � � �z � cn � z� �' � �rn � z a� G7� � � �ov � � rn � �� rnm rn � _� � � c� o y cn �7 C o cn � �� a�o � .�.� rn ap� � � � � � Z � �NHEN RE��RDED IVIAIL T�; Exchange Bank G1 -Allen l7rirre Branch '�2�4 Allen Dr P� Bnx�793 Grand Isiand,iIIE 68802 FaR RE��RDERTS USE��VLY �E�� oF TRusT TH�S DEED �F TRUST is dated February 27, 2D'17, amang HECT�R M F�UBlD and 11J��4R�A L RUBIC], Hushand and Wif�; {"Trustar"}; Exchang� Bankr who�e address �s Gl - A[Ien Drive Sranch, '[2D4 Alien Dr, P� Box 5793, Grand �sIand, NE �88�� referred to bs�ow svmetimes as T`Lender�r and som��imes as "Beneficiary'=�; and Exchange Bank, whvse �ddres� is PD Box 397, I�earney, NE ��848 �referred to belvw as "Trustee"}. C�NVEYAN�E AND �RANT. For valuab�e considera�ion�Trustor con�eys to Trus�ee�n trust�V1rITH POWER ❑F SALE. for the benefit ❑f Lender as B�ne�iciary, all o�Trusfor's �right, title� and in�erest in and �o th� faIlowing described real property, �oge�ther wi�h all �xistin� or suhsequently ere�ted or affixed buildings� impro�ements and fixtures{ all easements, rights a�way� and appurtenances; all waterr water rights and di�ch right� �in�Iuding s�ock in utili�ies with ditch or irriga�ion ri�hts}; and all a�her rights, roya�ties, and prafi�s rela�ing to the r�al property, including withou� limi�a�ion all minerals, oil, gas, gev�h�rmal and similar matters, {the `rRea� PropertyT'} Iocated �n HALL Cvunty, State vf Nebraska: The East 78.� Feef af Lot Nine ��}, and aII of L�t Ten {1��, BIo�k �ne �� Capital Heigh�s Subd�visra� tv fhe ��-�y of Grand �sland, Ha�� CoUnty{ Nebraska. The Rea� Prvperty or ifs address �s cvmmonIy kn�wn as 4�D4 'VtiJ CAP�TAL AVE, GRAN❑ jSLAND, NE 588�3. The Rea� Property tax identificativn num�er Ys 4��7'I'I. REV�LVC�� LINE 4F CRE��T. This Deed of Trust seGures the jndehtedness incEuding, withvu� Iimitation, a re�alving lin�af credit,whi�h obiigates�.ender to make advances tv Borrower so Ion� as Sorrower campIies with��the t�rms of the Credit Agreement. SuGh advances m�y be made, repaid, and remade from time to time, subject t❑ th� Iimitation that fhe�ota] ❑utstanding balance owing at any one time, nof including finance charges on such balan�e at a f`rxed or �ariable rate or sum as pro�ided in the Credit Agreement, any temporary ov�ragesr other charges, and any amounts expended o�'advanced as pr��ided in either the Indeb�edness paragraph or this paragraph,shall nat exceed the Gredrt Limit as pravided in the Credit Agreement. lt is the intention of Trusto��nd Lender that this Qeed af Trust seGures the balance vu�tstanding undar the Gredit Agreement from time fo time from zero up to the Gredit Limit as provided in the Credit Agr�emenfi and any interm�dia�s balance. Trustar pr�esen�{y assigns to Lender �aIsa known as Beneficiary in this I�eed of Trust� ail of Trustor{s right, ti�Ier and in��rest in and to aiI present and future Ieases of the Praperty and aII Rents from �he Property. In addition, Tt�us�o�- gran�s ta Lender a Uniform Cammercial Code securi�}r inte�est tn the PersanaI Property a�d Renfs. THIS DEED �F TRUST� iNCLUD�N�THE ASSIGNIVIEi1lT �F �ENTS AND THE SECUR�TY INTEREST IN THE REi1�T�AND PERS�NAL PRDPERTY� 1S �IVEN TD SECURE (A} PAYMENT DF THE 1N�EBTEDNESS AND {B� PERF�RMANCE �F EACH QF TRUST�R'S A�REEMENTS AND �BL1�ATl�j1IS UNI3ER THE CREDIT AGREEMENT, THE RELATED ❑�GiJMEj1IT5� AND TH1S DEE❑ 4F TRUST. THIS ❑EED ❑F TRUST IS C1VEt1I AND A�CEPTED ��1[ THE FQLL��IVING TERMS: TRUST�RrS REPRESENTATI�NS A�ID WARRANT�ES. Trustor wa�rants tha�: �a} �his ❑eed of Trus� is executed a� Borrawer's request and nn� at-�he requ�st o� Lender; {b� Trustor has �he-Full power, right, and authority�❑ enter into �his ❑eed of Trust and �o hypv�hecate �he Property; �c} the pro�isians ❑-F this ❑eed o�Trust d❑ not confii�t with. ar �esuIt in a de-Faui�under any agreement❑r other�nstrumenf binding upon Trus�or and do no�resuit in a�io�a�ion o�any lawr regulativn, court de�ree �r order appIicable to Trus�or; {d} Trus�or has es�abIis�ed adequa�e means o� obtaining from Svrrower on a continu�ng basis information ab�ut �vrrower's finan�ial condition; and �e} Lender has mads nv represen�atian t❑Trus�ar abou�Borrow�r �including wi�hout limitati�n the �redstwarthiness of Bvrrower�. TRUSTDR'S WAIVERS. T�-ustvr wairres ali righfs ❑r de�ens�s arising by reason of any "one ac�ion" ❑r"an�i--de�Ficiency" Iaw, ❑r any othe�- law which may pre�ent L�nder �rom brin�ing any ac�ion agains� Trustorr includzng a claim far deficiency ta the ex�enf Lender is otherwlse entit�ed to a claim for deficiency, before ar after L.ender`s cammencement or comple�ion af any for��lvsure aGtivn, eith�r judicially ar by exe�rcise Qf a power o�saIe, PAYMENT AN❑ PERF�R11lfANCE. Except as otherwise pro�"rded in this l7eed o�'Trust, Borrower shall pay�o Lender alI indebtedn�ss secured by this Deed of Trust as it k�ecames duer and Bo�rawer and Trustor shall perform al� their respeGti�e abligations under the �redit agreem�nt,this ❑�ed❑�Trustr and�he Related ❑ocumen�s. PaSSESS��ilt AN.Q MA�NTENAiIiCE �F THE PR�PERTY. Borr�wer and Trustor agree �ha� Borrower's and Trus�or's poss�ssivn and use of the Proper�y shail be gv�erned by the fotIowing pro�isians; Possessian and Use, UntiI the ❑�currence �f an E�ent of ❑��Fault, Trustor may ��} remain in possession �nd con�roI af the Pr4perry; �2} use, operate vr manage�he Praperty� and t3} �vIIect the Rents fram the Praperty. Duty to M�in�ain. Trus�or shax� maintain the Pro�er-ty in gvod condi�ion and promptly p�rform aII r�pairs{ repla�ements, and maintenan�e necessary to preserve its va�u�.