Laserfiche WebLink
rn <br />-n <br />-n <br />n � <br />0 - rn <br />00 <br />co <br />U1 <br />WHEN RECORDED MAIL TO: <br />PATHWAY BANK <br />GRAND ISLAND BRANCH <br />3333 W STATE ST <br />GRAND ISLAND , NE 68803 <br />1' 1 <br />rn <br />n ,-, C., I-1-1 <br />G_ -- <br />O <br />Or)c. N <br />73 ?z -i <br />(-, —4 m Co .:!:' <br />t !I :v—1 f"'"= (J) ►—' r ' z CD = <br />-4- <br />� i rt t O <br />I:- Q) <br />U W 0) rn <br />co <br />u -t <br />FOR RECORDER'S USE ONLY <br />DEED OF TRUST <br />THIS DEED OF TRUST is dated October 30, 2019, among LG INVESTMENTS, LLC, A Nebraska <br />Limited Liability Company and ELIZABETH A GARDUNO, Individually ("Trustor"); PATHWAY <br />BANK, whose address is GRAND ISLAND BRANCH, 3333 W STATE ST, GRAND ISLAND , NE <br />68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and <br />Pathway Bank, whose address is 3333 W State St, Grand Island, NE 68803 (referred to below <br />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 relatingto the real property, including without <br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property') located in HALL <br />County, State of Nebraska: <br />The Northerly Sixty -Six Feet (66') of Fractional Lot One (1), in Fractional Block Eight (8), of <br />H.G. Clark's addition to the City of Grand Island, Hall County, Nebraska and that part of it <br />complement lying Northerly of the Southerly Sixty -Six Feet (66') of Fractional Lot One (1), <br />in Fractional Block One Hundred Thirty -Nine (139) in Union Pacific Railway Company's <br />Ma Second Addition to the City of Grand Island, Hall County, Nebraska, making a tract of land <br />ren 66' x 66' only, in Hall County, Nebraska. <br />"♦ The Real Property or its address is commonly known as 822 N CEDAR ST, GRAND ISLAND, <br />NE 68801. <br />N CROSS -COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, <br />tri 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 />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving <br />line of credit, which obligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the <br />Note. <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 />, Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, <br />replacements, and maintenance necessary to preserve its value. <br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of <br />Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, <br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; <br />(2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and <br />acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use, <br />6a <br />