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200005844
<br />RECORDATION REQUESTED BY:
<br />U.S. BANK NATIONAL ASSOCIATION
<br />233 SOUTH 13TH STREET
<br />LINCOLN, NE 68508
<br />WHEN RECORDED MAIL TO:
<br />U.S. BANK NATIONAL ASSOCIATION
<br />233 SOUTH 13TH STREET
<br />LINCOLN, NE 68508
<br />SEND TAX NOTICES TO:
<br />U.S. BANK NATIONAL ASSOCIATION
<br />233 SOUTH 13TH STREET
<br />LINCOLN, NE 68508
<br />['bank,
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<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />7
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<br />THIS DEED OF TRUST IS DATED JUNE 19, 2000, among .GRAND ISLAND FAMILY CHURCH, INC., A
<br />NEBRASKA NON - PROFIT CORPORATION, "whose address is 2304 MACRON STREET, GRAND ISLAND, NE
<br />68803 (referred to below as "Trustor "); U.S. BANK NATIONAL ASSOCIATION, whose address is 233 SOUTH
<br />13TH STREET, LINCOLN, NE 68508 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary "); and ATI TITLE COMPANY, whose address is 123 N. LOCUST, SUITE 201C, GRAND ISLAND, NE
<br />68801 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, includin
<br />without limitation all minerals, oil, gas, geothermal and similar matters, located in HALL County, State of Nebraska (tile "Real
<br />Property "):
<br />Lot 1, Baptist Temple Subdivision to the City of Grand Island, Hall County, Nebraska
<br />The Real Property or its address is commonly known as 2304 MACRON STREET, GRAND ISLAND, NE 68803.
<br />The Real Property tax identification number is 400151561.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all present and
<br />future leases of the Property and all Rents from the Property. In addition, Trustor grants Lender a Uniform Commercial Code security interest in the
<br />Rents and the Personal Property defined below.
<br />DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in this Deed of
<br />Trust shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts in
<br />lawful money of the United States of America.
<br />Beneficiary. The word "Beneficiary" means U.S. BANK NATIONAL ASSOCIATION, its successors and assigns. U.S. BANK NATIONAL
<br />ASSOCIATION also is referred to as "Lender" in this Deed of Trust.
<br />Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation all
<br />assignment and security interest provisions relating to the Personal Property and Rents.
<br />Guarantor. The word "Guarantor" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br />connection with the Indebtedness.
<br />Improvements. The word "Improvements" means and includes without limitation all existing and future improvements, buildings, structures,
<br />mobile homes affixed on the Real Property, facilities, additions, replacements and other construction on the Real Property.
<br />Indebtedness. The word "Indebtedness" means all principal and interest payable under the Note and any amounts expended or advanced by
<br />Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust,
<br />together with interest on such amounts as provided in this Deed of Trust. The lien Of this Deed Of Trust shall not exceed at
<br />any one time $80,000.00.
<br />Lender. The word "Lender" means U.S. BANK NATIONAL ASSOCIATION, its successors and assigns.
<br />Note. The word "Note" means the Note dated June 19, 2000, in the principal amount of $80,000.00 from Trustor to Lender,
<br />together with all renewals, extensions, modifications, refinancings, and substitutions for the Note. The maturity date of this Deed of Trust is June
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