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05-��-1999 ;Q(�,. 1t����� DEED OF TRUST Paae 2 �
<br /> Loan No 763870 6�� CoMinued
<br /> ( )
<br /> HUNDRED NINETY SEVEN AND TWO TENTHS (197.2) FEET TO A POINT TIiENCE RIGHT 90°00' EIGHTY
<br /> (80.0) FEET TO A POINT; THENCE LEFT 80° ONE HUNDRED TWELVE (112) FEET TO A POINT; THENCE
<br /> LEFT 37°46' THREE HUNDRED SIX AND SIX TENTHS (306.6) FEET TO A POINT THAT IS IN THE WEST
<br /> LINE OF SAID SECTION; THENCE LEFT 64°30' THREE HUNDRED TEN (310.0) FEET TO A POINT
<br /> WHICH IS THE SOUTHWEST CORNER OF SAID SECTION AND THE POINT OF BEGINNING, EXCEPT A
<br /> TRACT OF LAND DEEDED TO THE STATE OF NEBRASKA WHICH DEED IS RECORDED IN BOOK 135,
<br /> PAGE 191 OF RECORD IN THE OFFICE OF THE REGISTER OF DEEDS, HALL COUNTY, NEBRASKA.
<br /> The Real Property or its address is commonly known as 3234 W SCHIMMER DRIVE, GRAND ISLAND, NE
<br /> 68801.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)all of Trustor's right,title,and interest in and to all present and
<br /> future leases of the Property and all Rents from the Property. In addition,Trustor grants Lender a Uniform Commercial Code security interest in the
<br /> Rents and the Personal Property defined below.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in this Deed of
<br /> Trust shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts in
<br /> lawful money of the United States of America.
<br /> Beneftciary. The word"Beneficiary"means Five Points Bank, its successors and assigns. Five Points Bank also is referred to as"�ender"in
<br /> this Deed of Trust _ ,_ . _ . _� _ _ _ �
<br /> Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation sil
<br /> assignment and security interest provisions relating to the Personal Property and Rents.
<br /> Guarantor. The word "Guarantor" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improvements. The word "Improvements" means and includes without limitation all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Real Property,facilities,additions,replacements and other construction on the Real Property.
<br /> Indebtedness. The word"Indebtedness"means all principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust,
<br /> together with interest on such amounts as provided in this Deed of Trust. In addition to the Note, the word "Indebtedness" includes all
<br /> obligations,debts and liabilities,plus interest thereon,of Trustor to Lender,or any one or more of them,as well as all claims by Lender against
<br /> Trustor,or any one or more of them,whether now existing or hereafter arising,whether related or unrelated to the purpose of the Note,whether
<br /> voluntary or otherwise,whether due or not due,absolute or contingent,liquidated or unliquidated and whether Trustor may be liable individually
<br /> or jointly with others, whether obligated as guarantor or otherwise, and whether recovery upon such Indebtedness may be or hereafter may
<br /> become barred by any statute of limitations, and whether such Indebtedness may be or hereafter may become otherwise unenforceable.
<br /> Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its
<br /> discretion may loan to Trustor,together with all interest thereon; however,in no event shall such future advances(excluding interest)exceed in
<br /> the aggregate$175,000.00. The lien of this Deed af Trust shall not exceed at any one time $175,000.00.
<br /> Lender. The word"Lender"means Five Points Bank,its successors and assigns.
<br /> Note. The word "Note" means the Note dated May 11, 1999, in the principal amount of $150,548.50 from Trustor to Lender,
<br /> together with all renewals,extensions,modifications,refinancings,and substitutions for the Note. The maturity date of this Deed of Trust is May
<br /> 11,2019.
<br /> Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or hereafter
<br /> owned by Trustor, and now or hereafter attached or aifixed to the Real Property; together with all accessions, parts, and additions to, all
<br /> replacements of, and all substitutions for, any of such property; and together with all proceeds (including without limitation all insurance
<br /> proceeds and refunds of premiums)from any sale or other disposition of the Property.
<br /> Property. The word"Property"means collectively the Real Property and the Personal Property.
<br /> Real Property. The tvords"R�al Prope�ty"mea�the property,interests and rights described aboVe in the"Conveyance and Grant"section.
<br /> Related DoCUments. The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan
<br /> agreements,environmental agreements,guaranties,security agreements, mortgages,deeds of trust,and all other instruments,agreements and
<br /> documents,whether now or hereafter exisHng,executed in connection with the Indebtedness.
<br /> Rents. The word "Rents"means all present and future rents,revenues, income, issues, royalties, profits,and other benefits derived from the
<br /> Property.
<br /> Trustee. The word"Trustee"means Five Points Bank and any substitute or successor trustees.
<br /> Trustor. The word'Trusto�'means any and all persons and entifies executing this Deed of Trust,including without limitation all Trustors named
<br /> above.
<br /> THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br /> PROPERTY, IS GIVEN TO SECURE (1)PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF
<br /> TRUSTOR UNDER THE NOTE,THE RELATED DOCUMENTS,AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED
<br /> ON THE FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust,Trustor shall pay to Lender all amounts secured by this Deed
<br /> of Trust as they become due,and shall strictly and in a timely manner perform all of Trustor's obligations under the Note,this Deed of Trust,and the
<br /> Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed by
<br /> the following provisions:
<br /> Possession and Use. Until the occurrence of an Event of Default,Trustor may (a)remain in possession and control of the Property, (b)use,
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