201705379 - Laserfiche WebLink

Browse

lli•■■INIE! IMINNICIOMMINMEMMI WHEN RECORDED MAIL TO: Five Points Bank Attn: Diers PO Box 1507 Grand Island, NE —4 FOR RECORDER'S USE ONLY 68802 -1507 F1vE POINTS BANK c°, • 1111111 I 110!!0llIIllt0Il1l1 111111 111 111111111111 IN 11111 1111111111 1 11111111 10 *0000000001013064820340* CONSTRUCTION DEED OF TRUST THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT THIS DEED OF TRUST is dated August 10, 2017, among SCHULTE CONSTRUCTION LLC ( "Trustor "); Five Points Bank, whose address is Diers Branch, 2009 N. Diers Ave., PO Box 1507, Grand Island, NE 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and (referred to below as "Trustee "). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in HALL County, State of Nebraska: Lots Thirty -six (36) and Thirty -seven (37), Thelen Subdivision, First Addition to the City of Wood River, Hall County, Nebraska. The Real Property or its address is commonly known as 407 & 409 W GREEN ST, WOOD RIVER, NE 68883. 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 future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all