202401460 - Laserfiche WebLink

Browse

202401460 Uniform Commercial Code: Laws regulating financial contracts in any jurisdiction which may affect the rights of the Mortgagor, Lender or any other party with respect to the Property described herein. Trustee: As set forth above. Trustor: As set forth above. The above named Trustor for good and valuable consideration, hereby irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of the Beneficiary, its successors and assigns, an assignment and security interest in all of Trustor's right, title and interest whether currently existing or hereinafter acquired in and to the following -described Real Property in Hall Countv(ies), Nebraskato wit: See Attached Exhibit "A" In addition, Trustor hereby grants to Lender a security interest in all Personal Property, and all proceeds from any sale or other disposition of the Property. The trust deed is also effective as both a financing statement filed as a fixture filing under the Uniform Commercial Code and as a security agreement under the Uniform Commercial Code and Trustor hereby consents to the filing of notices, statements or other documents in accordance with the Uniform Commercial Code as Lender may determine appropriate. This trust deed secures all Obligations, including, but not limited to the following: Date of Note(s) or other Loan Document(s) Principal Amount 04/05/2024 $209,000.00 Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will not exceed the sum of TWO HUNDRED NINE THOUSAND ($209,000.00), exclusive of interest and protective advances authorized herein or in any Loan Document and such other amounts allowed by law. NOTHING CONTAINED HEREIN SHALL CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED. This trust deed will be due December 1. 2053. Trustor hereby warrants that Trustor holds good and marketable title in fee simple to the above described Property, that Trustor has good and lawful authority to trust deed the same, that the Property is free and clear of all liens and encumbrances, except those set forth in a title policy or title opinion purchased by Lender and deemed acceptable by Lender, in its sole discretion, in relation to this trust deed and that Trustor will warrant and defend the Property at Trustor's expense against all claimants whomsoever. Trustor also hereby waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above described Real Property. It is understood and agreed between Trustor and Lender that this trust deed is given to secure the repayment in full of the all Obligations, regardless of whether Trustor is liable thereon, and all future and additional loans or advances, protective or otherwise, which may be made by Lender, at its option, at the request of, and to or for the account of Trustor, any of the parties liable under any of the Loan Documents, for any purpose, plus interest thereon, all payable according to the terms of the Loan Documents. Any Obligations secured by this trust deed shall be payable when due as set forth in the Loan Documents. This trust deed may secure more than one Loan Document. FORM 5011, Trust Deed and Assignment of Rents 278SK Legal Doc. Date: April 5, 2024 Page 3 of 9