|
A
<br />aimmommim
<br />WHEN RECORDED MAIL TO:
<br />GREAT WESTERN BANK
<br />Holdrege - Downtown
<br />PO Box 346
<br />424 West Ave
<br />Holdreoe. NE 68949
<br />i
<br />i
<br />A
<br />i
<br />i
<br />-n rn N -`
<br />ir,v
<br />n
<br />X
<br />i
<br />i
<br />i
<br />i
<br />i
<br />A
<br />i
<br />r'J
<br />Cfr
<br />i
<br />FOR RECORDER'S USE ONLY
<br />�*c
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $235,000.00.
<br />THIS DEED OF TRUST is dated August 4, 2017, among Mendez Enterprises, L.L.C., a Nebraska
<br />Limited Liability Company, whose address is 2414 Sherman Blvd, Grand Island, NE
<br />68803 -0000; ("Trustor"); GREAT WESTERN BANK, whose address is Holdrege - Downtown,
<br />PO Box 346, 424 West Ave, Holdrege, NE 68949 (referred to below sometimes as "Lender"
<br />and sometimes as "Beneficiary"); and Great Western Bank, whose address is 424 West
<br />Avenue, Holdrege, NE 68949 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real
<br />property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rights); and all other rights, royalties, and profits relating o the real property, including_
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real P roperty") located in Hall C ounty,
<br />State of Nebraska:
<br />Lots Four (4) and Five (5) in, Block Forty Five (45), in Packer and Barr's Second Addition,
<br />in the City of Grand Island, Hall County, Nebraska, and Packer and Barr's Annex and
<br />vacated part of Clarence Street as shown more particularly described in Ordinance No.
<br />5006 recorded in Book 21, Page 570.
<br />The Real Property or its address is commonly known as 2304 W. Lincoln Highway, Grand
<br />Island, NE 68803. The Real Property tax identification number is 400072254.
<br />CROSS - COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor
<br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Trustor may be liable individually or jointly with others,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor
<br />whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to
<br />Trustor, together with all interest thereon.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and
<br />interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br />grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br />amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br />Property shall be governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />
|