|
202305435
<br />The Southwest Quarter (SW1/4) of Section Nine (9), Township Eleven (11) North, Range Ten (10) West of
<br />the 6th P.M., Hall County, Nebraska.
<br />AND
<br />Part of the Southeast Quarter (SE1/4) of Section Ten (10), Township Eleven (11) North, Range Ten (10)
<br />West of the 6th P.M., Hall County, Nebraska, and more particularly described as follows:
<br />COMMENCING AT THE SOUTHEAST CORNER OF SECTION 10, T11N, R10W; THENCE ON AN
<br />ASSUMED BEARING OF S88°57'02"W, ALONG THE SOUTH LINE OF SAID SOUTHEAST QUARTER OF
<br />SAID SECTION TEN (10), A DISTANCE OF 1737.11 FEET; THENCE N01°02'58"WA DISTANCE OF 33.01
<br />FEET TO A POINT ON THE NORTH RIGHT OF WAY LINE OF 13TH STREET; THENCE CONTINUING
<br />N01°02'58"W A DISTANCE OF 64.40 FEET; THENCE N36°37'29"E A DISTANCE OF 229.14 FEET;
<br />THENCE N15°43'49"E A DISTANCE OF 735.57 FEET; THENCE N88°10'52"E A DISTANCE OF 94.20
<br />FEET; THENCE N07°35'59"W A DISTANCE OF 258.00 FEET; THENCE S81 °01'28"E A DISTANCE OF
<br />426.61 FEET; THENCE S45°24'05"E A DISTANCE OF 321.89 FEET; THENCE S50°03'56"E A DISTANCE
<br />OF 141.28 FEET; THENCE S89°09'02"E A DISTANCE OF 545.08 FEET TO A POINT ON THE WEST
<br />RIGHT OF WAY LINE OF ENGLEMAN ROAD; THENCE S89°08'59"E A DISTANCE OF 33.02 FEET TO A
<br />POINT ON THE EAST LINE OF SAID SOUTHEAST QUARTER; THENCE S00°22'57"E ON SAID EAST
<br />LINE OF SOUTHEAST QUARTER A DISTANCE OF 824.40 FEET TO THE POINT OF BEGINNING.
<br />AND
<br />The East Half of the Northeast Quarter (E1/2NE1/4) of Section Fifteen (15), Township Eleven (11) North,
<br />Range Ten (10) West of the 6th P.M., Hall County, Nebraska
<br />In addition, Trustor hereby grants to Lender a security interest in all Personal Property, and all proceeds from
<br />any sale or other disposition of the Property. The trust deed is also effective as both a financing statement
<br />filed as a fixture filing under the Uniform Commercial Code and as a security agreement under the Uniform
<br />Commercial Code and Trustor hereby consents to the filing of notices, statements or other documents in
<br />accordance with the Uniform Commercial Code as Lender may determine appropriate.
<br />This trust deed secures all Obligations, including, but not limited to the following:
<br />Date of Note(s) or other Loan Document(s) Principal Amount
<br />10/13/2023 $4,100,000.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will
<br />not exceed the sum of FOUR MILLION ONE HUNDRED THOUSAND ($4,100,000.00), exclusive of interest
<br />and protective advances authorized herein or in any Loan Document and such other amounts allowed by law.
<br />NOTHING CONTAINED HEREIN SHALL CONSTITUTE A COMMITMENT TO MAKE FURTHER OR
<br />ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL
<br />INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This trust deed will be due October 16, 2053.
<br />Trustor hereby warrants that Trustor holds good and marketable title in fee simple to the above described
<br />Property, that Trustor has good and lawful authority to trust deed the same, that the Property is free and clear
<br />of all liens and encumbrances, except those set forth in a title policy or title opinion purchased by Lender and
<br />deemed acceptable by Lender, in its sole discretion, in relation to this trust deed and that Trustor will warrant
<br />and defend the Property at Trustor's expense against all claimants whomsoever. Trustor also hereby waives
<br />and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above
<br />described Real Property.
<br />It is understood and agreed between Trustor and Lender that this trust deed is given to secure the repayment
<br />in full of the all Obligations, regardless of whether Trustor is liable thereon, and all future and additional loans
<br />or advances, protective or otherwise, which may be made by Lender, at its option, at the request of, and to
<br />or for the account of Trustor, any of the parties liable under any of the Loan Documents, for any purpose,
<br />FORM 5011, Trust Deed, Security Agreement and Assignment of Rents 201 MU Legal Doc. Date: October 13, 2023
<br />Page 3 of 9
<br />
|