|
Z0LI.017Z0Z
<br />a n.°13
<br />HECK
<br />REFUNDS:
<br />CASH
<br />CHECK
<br />RECORDED
<br />HALL COUNTY NE
<br />INST 20211 0 1 1 0 2 202U APR 19 P 3: 12
<br />KRi ' I WOLD
<br />REGISTER OF DEEDS
<br />WHEN RECORDED MAIL TO:
<br />First National Bank of Omaha
<br />1620 Dodge Street SC 3280
<br />Omaha. NE 68197 FOR RECORDER'S USE ONLY
<br />�fnbo
<br />C5-g�
<br />H IABI
<br />lIIIlIIIIIIl1IIij II 11111
<br />*#######/###/#/4#N#4#4/##584004182024*
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $290,000.00.
<br />THIS DEED OF TRUST is dated April 18, 2024, among KBR Properties, L.L.C., a Nebraska
<br />Limited Liability Company, whose address is 12781 S 70th Rd, Doniphan, NE 68832
<br />("Trustor"); First National Bank of Omaha , whose address is Branch #001, 1620 Dodge Street,
<br />Omaha, NE 68197 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br />and First National Bank of Omaha, whose address is 1620 Dodge Street Stop Code 3280,
<br />Omaha, NE 68197 (referred to below as "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, includingwithout
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property) located in Hall ounty,
<br />State of Nebraska:
<br />Parcel 1: Lots Two Hundred Thirty Five (235) and Two Hundred Thirty Six (236), in
<br />Belmont, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />Parcel 2: Lots Fourteen (14) and Fifteen (15), in Virden Subdivision, in the City of Grand
<br />Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 2504 W 4th Street / 404 N Custer
<br />Ave AND 2531-2533 W 4th St, Grand Island, NE 68803. The Real Property tax identification
<br />number is 400018047 and 400104075.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to
<br />Borrower whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed
<br />of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan
<br />to Borrower, 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 (A) 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at
<br />Borrower's request and not at the request of Lender; (b) Trustor has the full power, right, and authority to enter into
<br />this Deed of Trust and to hypothecate the Property; (c) the provisions of this Deed of Trust do not conflict with, or
<br />result in a default under any agreement or other instrument binding upon Trustor and do not result in a violation of any
<br />law, regulation, court decree or order applicable to Trustor; (d) Trustor has established adequate means of obtaining
<br />from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no
<br />representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti -deficiency"
<br />law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br />deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement
<br />or completion of any foreclosure action, either judicially or by exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all
<br />Indebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their
<br />
|