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AS69I-1
<br />CHECK
<br />REFUNDS:
<br />mCASH
<br />r.)�� CHECK
<br />m- RECORDED
<br />HALL COUNTY NE
<br />1z,d211S8v 'I'J
<br />1NST 2024 0 1 l U 1 2024 APR 22 3: 29
<br />WHEN RECORDED MAIL TO:
<br />HOME FEDERAL SAVINGS & LOAN
<br />ASSOCIATION OF GRAND ISLAND
<br />221 S. Locust Street
<br />Grand Island. NE 68801
<br />DEED OF TRUST
<br />K tSTI4NOLD
<br />REGISTER OF DEEDS
<br />FOR RECORDER'S USE ONLY
<br />e 140
<br />THIS DEED OF TRUST is dated April 22, 2024, among Raymond J. O'Connor, not. personally
<br />but as Trustee on behalf of Raymond J. O'Connor_ Revocable Living Trust dated February 23,
<br />2016'(16.80%), whose address is 611 Fleetwood Rd, Grand Island, NE ' 68803; and Jennifer
<br />S. O'Connor, not personally but as Trustee on behalf ,of Jennifer S. O'Connor Revocable Living
<br />Trust dated February 23,• 2016 (16.80%), whose address is 611 Fleetwood'Rd, Grand Island,
<br />NE 68803; and R.J.O., L.L.C. (13.64%), a Nebraska Limited Liability Company, whose address
<br />is 2502 N. Webb Rd, Grand Island, NE 68803; South Pointe Development, L.L.C. (12.45%), a
<br />Nebraska Limited Liability Company, whose address is 2502 N. Webb Rd,- Grand Island, NE
<br />68803; Mid -Country• Trading, L.L.C. (40.31%), a Nebraska Limited Li'ability;'Company, whose
<br />address is 2502 N. Webb Rd, Grand Island, NE 68803 ("Trustor"); HOME FEDERAL SAVINGS
<br />& LOAN ASSOCIATION OF GRAND ISLAND, whose address is 221 S. ".Locust Street, Grand
<br />Island, NE 68801 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br />and, HOME FEDERAL SAVINGS & LOAN ASSOCIATION OF GRAND ISLAND, whose address is
<br />221 S. ,Locust Street,. Grand island, NE 68801 (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 Trustors 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 County,
<br />State of Nebraska:
<br />•
<br />Parcel 1: Lot One (1), Martin's Fifth Subdivision; in the City of Grand Island, Hall County,
<br />Nebraska 'and Declaration of Driveway Easement and Maintenance Agreement as :shown in
<br />Document No. 200510796 and License Agreement as shown in Document No.
<br />200805757.
<br />Parcel 2: Lot Two (2), Martin's Fourth Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska and Operation and Easement Agreement as' shown. in Document No. 200501143
<br />and. First Amendment to Operationend Easement Agreement recorded' as .Document No.
<br />200510141 and Second Amendment to Operation and Easement • Agreement recorded as
<br />Document No. 200610446,'.EXCEPT a tract of land as shown in Warranty Deed to the City
<br />of Grand Island, Nebraska filed as Document No. 202102054
<br />The Real Property or its address is commonly known as 115 and 118 Wilmer. Avenue, Grand
<br />Island, NE 68803.
<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 (8)' PERFORMANCE OF
<br />ANY AND ALL OBUGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON 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 tts value.
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