|
- DEED O. TRUST -
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $120,000.00.
<br />THIS DEED OF TRUST is dated August 22, 2000, among Susan F Schavee and Monte L Schavee; as
<br />husband & wife ( "Trustor "); First National Bank South Dakota, whose address is 332 Broadway Avenue,
<br />Yankton, SD 57078 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and First
<br />National Bank South Dakota, whose address is PO Box 670, Yankton, SD 57078 (referred to below as
<br />"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 includingq
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall County, §tate Of
<br />Nebraska:
<br />Lot Thirty One (31), Jeffrey Oaks Third Subdivision to the City of Grand Island, Hall County Nebraska.
<br />The Real Property or its address is commonly known as 4004 Boston Circle, Grand Island, NE 68803.
<br />REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts specified In the Indebtedness definition, and without limitation,
<br />this Deed of Trust secures a revolving line of credit, which obligates Lender to make advances to Trustor so long as Trustor complies
<br />with all the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation
<br />that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rate or sum
<br />as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as provided in
<br />either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. It is the
<br />intention of Trustor and Lender that this Deed of Trust secures the balance autManding under the Credit Agreement from timer to time
<br />from zero up to the Credit Limit as provided In this Deed of Trust and any Intermediate balance.
<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
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />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 PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, 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 amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit Agreement, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />J
<br />W
<br />C? r.f%
<br />C
<br />N
<br />�{
<br />N
<br />Z
<br />fp
<br />Cl
<br />3C
<br />r
<br />rte- 6 "`
<br />�,
<br />CJ)
<br />rr,
<br />—i M
<br />o
<br />C
<br />-T1
<br />O
<br />C?
<br />C2
<br />O
<br />co
<br />o
<br />Q
<br />n
<br />:3
<br />r
<br />c
<br />N
<br />CD
<br />l"
<br />�(
<br />C,0
<br />CD
<br />if
<br />GOB
<br />O
<br />r=r
<br />- DEED O. TRUST -
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $120,000.00.
<br />THIS DEED OF TRUST is dated August 22, 2000, among Susan F Schavee and Monte L Schavee; as
<br />husband & wife ( "Trustor "); First National Bank South Dakota, whose address is 332 Broadway Avenue,
<br />Yankton, SD 57078 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and First
<br />National Bank South Dakota, whose address is PO Box 670, Yankton, SD 57078 (referred to below as
<br />"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 includingq
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall County, §tate Of
<br />Nebraska:
<br />Lot Thirty One (31), Jeffrey Oaks Third Subdivision to the City of Grand Island, Hall County Nebraska.
<br />The Real Property or its address is commonly known as 4004 Boston Circle, Grand Island, NE 68803.
<br />REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts specified In the Indebtedness definition, and without limitation,
<br />this Deed of Trust secures a revolving line of credit, which obligates Lender to make advances to Trustor so long as Trustor complies
<br />with all the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation
<br />that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rate or sum
<br />as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as provided in
<br />either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. It is the
<br />intention of Trustor and Lender that this Deed of Trust secures the balance autManding under the Credit Agreement from timer to time
<br />from zero up to the Credit Limit as provided In this Deed of Trust and any Intermediate balance.
<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
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />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 PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, 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 amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit Agreement, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />J
<br />W
<br />
|