|
}
<br /> { 1 •
<br /> rn � n �
<br /> '� n -��. cr''� s
<br /> T. A � x cn c� cn
<br /> A rrf (n � �,p �> '{ � rn
<br /> 6!I
<br /> e �.. %s'
<br /> n Z
<br /> M `� 7 �� � :
<br /> �� �
<br /> r•i .� �v
<br /> i � —� �
<br /> � � � ` � _ � ��� '
<br /> �""'� C"i �Tl
<br /> � � 'S� ...� (� '
<br /> . ,� . . ._ -.i f"� � '
<br /> -� � ;:� �n C7 �
<br /> . i � � � .•, '—
<br /> t— ; fl
<br /> � � F„� ��� CJ'1
<br /> � � � . ' � � � `
<br /> � � CD
<br /> . � �� �oVW� � � �� �
<br /> � r�, �� ��, rv z
<br /> ��,N �
<br /> t
<br /> �
<br /> D�ed of 7'rust, Security Agreeme
<br /> �BANKS and Fixt`ure Financing Statement�
<br /> • (Nebraskal�^
<br /> This Deed of Trust,Seca�rit A eemerrt a�nd Fixture fnencing Statement("Deed o(Trust'J is made 01-15-1999 ,by and �.�cJ
<br /> Y 9'
<br /> berween L & P Investmentk. L.L.C.
<br /> (+he •Trusror')afnl Limited Liability Compa,�_
<br /> _Nonaest Ban}: Nebraska, National Association '
<br /> (the "Trustee7,a nati�nal banking association,and — '�
<br /> Norwest Ban;: Nebraska, Nati.cnal Aasociation
<br /> (the 'Beneficiary'/,y nariona/banking as<otiation.
<br /> WITNfSSfTH:
<br /> lr"TNIS QOX/S CH�CK.D ❑ THfS DEEO OF TRUST C(?NSTlTUTfS A CONSTRUCT/ON SfCUR/TY '
<br /> AGRfEMENT UNDER PHf NFBf?�1'SKA CONSTRUCTlON UEN ACT AND CR64 TES, GRAN7S AND '
<br /> CONSTITUTES A CONSTRUCTI�N SECURITY INFEREST!N 1'Nf PROPfRTY"OESCR/BED BfLOW.
<br /> bbHfR�AS,
<br /> � T�ustor has executed and delivered to Bena/iciary a promiss+ry note in fhe principa/sum of
<br /> OnP y�inr3rpr] TnirY� �i��_Thrn�canr4 ,�nr7 nfi/1(1'1
<br /> Do4'ars PS l�S,��� ±�� J, dated n i_�S_i q q q ,payab/e to the urder ot 8enefic%ary and having a maturiry pl
<br /> ,�i-i S-�n 0 4 , foger,her with inteiest thereon,7are cha�ges,pieNa yment penalties,eny future advances,and alI
<br /> exrensrons,modi;ications,substitutions and renewals thereol(hereinatter the 'IYote'/. .
<br /> L�
<br /> Ithe 'Borrower"1,has applied to Benelicrary lor one or more loa.�s,letters of credi4 or other/inancia/accommcdaticr,s and may herealter
<br /> from t�n>e to time app/y to 6enelici�:;lor additiona//oans.letter.s o/credit and other Iina»cia/acc�mmedetions,and to induce Beneficiary ,
<br /> to provio�</rnanc�aJ acccmmcdafrens ro 6orrower.
<br /> ❑ f!this boa�;;checked, Trustor has gc•arnnteed ro Beneficiary the paymarrt and peiformance of each and every debt,liability and
<br /> obligation o!every type and descr.'piion K•h;ch Borrowe�may now or at any time he�Palter owe to BeneJiciary(whe:her such detrt,
<br /> liabrGty o�obn',varion now exlsrs ar is hereafter ciea�ed or incurre�and whethe�it is or may ba direct o�indi�ect, due or to become
<br /> due,absolute or ccntrngen4 primary or setondary,Jiqurdated or unliprridated,or joint,severel or joirtt and severall,
<br /> ❑ /f this box is c,heckey Trusto�has guaranteed to BeneTiciary the payment and performance ol the debt,/iabi/ily,or obligstion�f
<br /> 6orrower to Bene/icla.y evidenced by or arising ou,o(ihe following: _ ,
<br /> r
<br /> ana any extensions,ren�wals or�ep/acements lherea/, together with accrued interest thereon and related costs o/en/orcement And
<br /> codection exFenses,pursuant rc a Guaronty/he�einafter the 'Guaranty'/of even date herewith.
<br /> Trusror.shell also Fay al!orhPr sums, (ee>o�chargrts, together with interest there�n,advanced to protect the security ol this Deed o!Trust
<br /> and the peNo�mance ol the cnvenanfs and�qreemonts oJ Trystor, whether or nat se!lorth herein and perlorm,discha�ge and romp/y with
<br /> every term, tospnant,obligation and ag:aeme.at ol Tiustor contained herein or incoiporated by re%rence/Trustor's ob/igatio7s under tha
<br /> Note or the Guaranfy, as appl;cable,and al!suc��other sums are hereinafter col/ective�y�elerred to as the 'Obligafions"/.
<br /> NOW, 7NfR�FORE,in considernrion of fhe pr<<.nises and for the pu�oose o/secunng the Obligations, Trustor ir�evocably gronts
<br /> << and rransfers ro Trusree,;n rrvsr, W1TH POWER OF SALE. the/allowing descrrbad propesty/oceted in the County ol
<br /> ' Hall
<br /> ___,Srate of Nebraska:
<br /> The Southerly Fifty (50) Feet of Lct Three (3) and all of Lot Four (4) , Bcnsall
<br /> subdivision, in the C:ity of Grand Island, Hall County, Nebraska
<br /> SUBJECT TO: easements and�estrictions ot record,and:
<br /> Y', . ' '
<br /> fogether wirh(i1 al/buildings,svuctu�es,addirions,en/argements,modiFrcalions,repairs,,-eplacements,and im ro�Amo \\'n�
<br /> lor,ated thereon, (ri/a!1 equipmenr,machinery and lixtures f+ncluding, without limitatien,al!/ighting,hesting, venti/ating,c.onl�o��e��herealter.� '' _
<br /> �_ cond;tioning,spnnkling and plumbing�xtures, water and power sy;tems,engines,boiless,ranges,ovens,dish.washers,mirrp?5 and mantels, �
<br /> carpering, /umsces, ei!bumers,e/evarors and motors,relri,qeration plants or units,communication systems,dynamos, transtormers,
<br /> � elecrnca1 e�uipment,srorm and screan windows,doors,awninps and shadesJ now o�hereaher attsched to,or bui/t in,any building
<br /> �• iniprovNment or imp;ovement now or heseaf[er loca[ed thereon, (iii)a!l easemsnts and rights of way appurfenanf thereto, (iv/all leeseho/d
<br /> esrare,righr, ritle and interest of Trustor in and ro a;l/eases, w.hether now or he�ealter existing or entered inro(including, withovt/imitation,
<br /> , ; a//Cash and security deposits,advance renta/s and de,c>psits o�payments oI a similar narurel,perPain.irg therero, (vl e!!rents,issues,proJits
<br /> and intome Gtierelrom fsub%ect ta the riyht u1 Trcisto�to co//ecf and apply such rents,issues,profits snd income as they become due and
<br /> payable so long as no event of defaulr exists he�eunder/, (vr/al!royalties,minerel,orl and,qas rights and prolits, water, rvater rights,and
<br /> i wate�stock, (virl�!l renements,hereditaments,pnriJrges and appurtsnances be/nnging,usod or enjoyed in connectron tAervwith,and(inii)all
<br /> proceeds ol coniYersion, wluntary or invo/untary,ol any o/ths loregoin�into cash or/iquidated cleims/inck�din�, withput/imitafion,
<br /> � ; pioc^eds al ensurance and condomr.ation awardsl,a//ol whrch ere hereinalter collectively the "Trosf Property.•
<br /> `' 7O PROTECT THF 5fCURlTY OF TH/S DEED OF TRUST, TRUSTpR COVENANTS AND ArREES AS FOLLOWS:
<br /> 1• T1de• Trustor tovensnrs, wairartts and agrees with Bene:ieiary,its successors and essigirs, �het Tius�or awns the Trust Property(SUbject
<br /> to eny/and sa/e contract descnbed aboveJ and has the right to convey the Trust Property,that the Trust Property is/�ee lrom any pno�l%',,
<br /> ' or eneumbrance exr.ept as ntherwise listed above,that lhis Deed of 7rust is and w1//remain a valid and en/orceab/e Jien on tho Tiust
<br /> y` ' Property, the/ T�usror,at irs expense,wi/!preserve such tiNe snd wi/1 nraintain this Deed o/Tivat as s/ien cp�on rhe Trust Property and wi//
<br /> lorever warrant and delend the validity and priority ol the lion hereof sgainst tha daims of all pc�sons and parties whomsoever. Tivstor,at its
<br /> expensa, wi!!cause:his Ueed of Trust,and each amendment or supp/ement herefa,to be�led and recorded as a mongage oI the Trust
<br /> Properry in such man.ner and in such p/ace and wi//take such actiun as in fha opinion o/Tiustee may be required by any present or luruie
<br /> ,+ law in order to per/ect,marntain and piotect the lien o/this De�d of Ttust,as the same may be amended or suppJomen�ed I�om►ime ro time.
<br /> Trusror wiU ma,Fe such further assu�anc¢or assurances to per/ect its tiNe to the Trust Prpperry as may be required by @eneliciary. Tiu,tor
<br /> ;, hereby refinqurshes af!righr ol dower end homestead in and to the Tiust property. ,
<br /> �� nn rsx�o wn rras�..oreas,�� Page 1 0/5
<br /> ,.,.r' ,�.............
<br /> .{.. i .._- -
<br /> , . .. . ... . .... . . . . . .
<br /> -�-c
<br /> �: . '
<br /> k '
<br /> G:,
<br /> v.
<br /> �,�' e
<br /> . � - . . . . ��� .
<br /> ���" t �',,
<br /> . . . . . .. ' �1�C� _ ._._uy:5.!�.:'.�::'.�le,aY'�'�:.'faC_ .
<br />
|