Laserfiche WebLink
WHEN RECORDED MAIL TO: <br />FIVE POINTS BANK OF HASTINGS <br />MAIN BANK <br />2815 OSBORNE DRIVE WEST <br />HASTINGS, NE 68901 <br />1111111111111111111111 <br />11 <br />IIII <br />IIII <br />11 <br />11 <br />11 <br />III <br />I III I <br />11 <br />IIVO <br />1110111 <br />II <br />•000000000000021456034005172021• <br />III <br />101011 <br />20210442, <br />FOR RECORDER'S USE ONLY <br />IIII <br />DEED OF TRUST <br />THIS DEED OF TRUST is dated May 17, 2021, among JEROME A KATZBERG, whose address <br />is 9090 N ROSELAND AVE, PROSSER, NE 68883 and SUSAN K KATZBERG a/k/a SUSAN <br />KATZBERG, whose address is 9090 N ROSELAND AVE, PROSSER, NE 68883; HUSBAND <br />AND WIFE ("Trustor"); FIVE POINTS BANK OF HASTINGS , whose address is MAIN BANK, <br />2815 OSBORNE DRIVE WEST, HASTINGS, NE 68901 (referred to below sometimes as <br />"Lender" and sometimes as "Beneficiary"); and FIVE POINTS BANK OF HASTINGS, whose <br />address is 2815 OSBORNE DRIVE WEST, HASTINGS, NE 68901 (referred to below as <br />"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 to 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 Southeast Quarter (SE1/4) of Section 22, Township 9 North, Range 11 West of the 6th <br />P.M., Hall County, Nebraska <br />The Real Property or its address is commonly known as SE1/4 SEC 22-9-11, HALL COUNTY, <br />NE. <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 (Al PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF <br />ANY AND ALL OBLIGATIONS UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON <br />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 />Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so <br />long as this Deed of Trust remains a lien on the Property, used for the generation, manufacture, storage, <br />