|
This Deed of Trust (hereinafter "Deed of Trust") is made under the laws of the State of
<br />Nebraska ("Governing Jurisdiction").
<br />Misael Garcia Villatoro and Carmen E Gomez De Leon, a married couple, as joint
<br />tenants, are collectively referred to as "Trustor".
<br />Daniel A Smith, Attorney at Law, an individual, is referred to as "Trustee".
<br />Center for Rural Affairs Community Capital, a Nebraska nonprofit corporation, is
<br />referred to as "Beneficiary".
<br />Trustor hereby irrevocably grants and conveys to Trustee, IN TRUST, WITH POWER OF
<br />SALE and right of entry and possession, all of Trustor's estate, right, title and interest
<br />in, to and under and grants to Beneficiary a security interest in all of the following
<br />described property which is, except where the context otherwise requires, herein
<br />collectively called the "Property," whether now owned or held or hereafter acquired, and
<br />any proceeds, products, accessories, rents, profits, and substitutions thereof or thereto,
<br />including:
<br />(A) Lot Twenty Nine (29), First Addition to Holcomb's Highway Homes, in the
<br />City of Grand Island, Hall County, Nebraka
<br />together with all of the easements, rights, privileges, franchises and appurtenances
<br />belonging or in any way pertaining thereto, either at law or in equity;
<br />(B) All structures, buildings, and improvements of every kind and description now
<br />or at any time hereafter located on or used in connection with the Property, including
<br />any replacements thereof or additions thereto and all construction contracts and other
<br />agreements between Trustor and third parties for the construction of any improvements
<br />to the Property, and all plans and specifications relating to any construction being
<br />performed or to be performed on the Property or the improvements to the Property to
<br />the extent owned by the Trustor or in which either Trustor now has or hereafter acquires
<br />an interest, which construction contracts are hereby assigned to Beneficiary (the
<br />foregoing are collectively referred to as the "Improvements");
<br />(C) All fixtures, including any replacements thereof or additions thereto, including,
<br />without limitation, built-in furniture and installations, shelving, partitions, doorstops,
<br />vaults, elevators, awnings, window shades, venetian blinds, light fixtures, fire hoses and
<br />brackets and boxes for the same, fire sprinklers, alarm systems, drapery rods and
<br />brackets, screens, linoleum, carpets, plumbing, laundry tubs and trays, freezers,
<br />cooling units, refrigerators, heating units, stoves, ovens, water heaters, air handling
<br />units, air cooling units, waste disposal, treatment and dispensing systems, sump pump
<br />system, incinerators, furniture and furnishings, communication systems, surveillance
<br />and security equipment, all specifically designed installations and furnishings, and all
<br />equipment, now or at any time hereafter located on or used in any way in connection
<br />with the use, enjoyment, occupancy or operation of the Property or the Improvements,
<br />and all building materials and equipment now or hereafter delivered to the Property and
<br />intended to be installed or placed in or about the Improvements ("Fixtures");
<br />(D) All right, title and interest of Trustor in and to all streets, roads and public places,
<br />opened or proposed, and all easements and rights of way, public or private, tenements,
<br />hereditaments, rights and appurtenances, now or hereafter used in connection with,
<br />belonging or appertaining to, the Property;
<br />(F) All proceeds (including claims and demands therefor) of the conversion, voluntary
<br />or involuntary, of any of the foregoing into cash or liquidated claims, including, without
<br />limitation, proceeds of insurance and condemnation awards; and
<br />FOR THE PURPOSE OF SECURING, in such order of priority as Beneficiary may elect:
<br />-2-
<br />
|