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<br /> WHEN RECORDED MAIL TO: t o N � o
<br /> Nebreaka National BaMc
<br /> 3110 2nd Avenue �
<br /> P.O.Box 397
<br /> Keamey,NE 68848-0397
<br /> 99 i11712
<br /> r���
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<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST is dated December 10, 1999, among Pinnacle Properties, L.L.C., whose addrt�ys is
<br /> 1919 West John Street, Grand Island, NE 68803 ("Trustor"); Nebraska National Bank, whose addre-.s is
<br /> 3110 2nd Avenue, P.O. Box 397, Kearney, NE 68848-0397 (referred to below sometimes as "Lender and
<br /> sometimes as "Beneficiary"); and (referred to below as "Trustee").
<br /> CONVEYANCE AND GRANT. For valueble conslderatlon,Trustor conveys to Trustee In trust,WITH POWER OF SALE,for the be• P�it of
<br /> Lender es B�neflciary, sll of Trustor's right, title, and interest in and to the following described real property, together with all ew ��g or
<br /> subsequenHy erected or affixed buildings,improvements and fixtures;all easements,rights of way,and appurtenanc�s;all water,water rip �a �d
<br /> ditch rights(including stock in utiliHes with ditch or irrigation rights);and all other rights,royalti�,and profits relating to ihe real pro erty ir �ding
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real P�OpCI'hl") IOCat@d In H811 COUn�/, �i se Of
<br /> Nebraska:
<br /> Tract 1. Lot Two (2), Block Ninteen (19), Morril Addition to the City of Grand Island, Hall County, ��ND
<br /> Tract 3. Lots Two (2), Three (3) and Four (4), Lindsay Subdivision, Grand Island, Hall County, Neb� <ska.
<br /> Tract 4. Lot Two (2) Oconnor Second Subdivision, to the City of Grand Island, Hall County Nebras► �_
<br /> The Real Property or its address is commonly known as 309 West Hedde, Grand Island, NE 68803.
<br /> CROSS-COLLATERALIZATION. In addition to the Note,this Deed of Trust secures all obligations, debts and liabilities, plus interest the �n,of
<br /> Trustor to Lender, or any one or more of them,as well as all claims by Lender against Trustor or any one or more of them,whether now �sting
<br /> or hereafter arising, whether related or unrelated to the purpose of the Note,whether voluntary or otherwise,whether due or not due, � ��ct or
<br /> indirect,absolute or contingent,liquidated or unliquidated and whether Trustor may be liable individually or joindy with others,whether o� �ated
<br /> es guarantor,surety,accomodation party or otherwise,and whether recovery upon such amounts may be or hereafter may become barrec. �a�y
<br /> statute of limitations,and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceabls.
<br /> Trustor presently assigns to Lender(aiso known as Beneficiary in this Dsed of Trust)all of Trustor's right,title, and interest in and to all , ��ent
<br /> and future leases of the Property and all Rents from the Property. In addltion,Trustor grants to Lender a Uniform Commercial Code ^urity
<br /> interest in the Personal Property and Rents.
<br /> THIS DEED OF TRUST, INq.IIDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PER�-�►NAL
<br /> PROPERTY,IS GIVEN TO SECURE (A) PAYMENT OF TFIE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGc +�ONS
<br /> UNDER THE NOTE,THE RELATED DOCUMENTS,AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED t ••� THE
<br /> FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust,Trustor shall pay to Lender all amounis securea v ���s
<br /> Deed of Trust as they become due,and shall shictly and in a timely manner perform all of Trustor's obligations under the Note,this Deed• .t,
<br /> and the Related Documents.
<br /> POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be Q� ��- �d
<br /> by the following provisions:
<br /> Possesslon and Use. Until the occurrence of an Event of Default,Trustor may (1) remain in possession and control of the PropF� .: (2)
<br /> use,operate or manage the Property;and (3) collect the Rents from the Property.
<br /> Duty to Malntain. Trustor shaN maintain the Property in tenantable condition and promptly perform all repafrs, replaceme�� �nd
<br /> maintenance necessary to preserve iis value.
<br /> Compliance With Envlronmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's own� r�ip of
<br /> the Property,there has bean no usa,peneration, mAnufacture,skorage,treatment,dirposal,relesse or threatened release of any Hh ?� :s
<br /> Substance by any person on,under,about or from the Prope�ty; (2) Trustor has no knowledge o},or reason to believe that there h �,
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