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99112092
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Last modified
3/13/2012 8:31:42 PM
Creation date
10/21/2005 1:50:28 AM
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DEEDS
Inst Number
99112092
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99 ii �� g� <br /> and cooling equipment; and together with the homestead or marital interests, if any, which interests <br /> are hereby released and waived; all of which, including replacements and additions thereto, is <br /> hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the <br /> foregoing being referred to herein as the "Property". <br /> This Deed of Trust shall secure (a) the payment of the principal stun and interest <br /> evidenced by the following promissory notes and Loan Agreement of even date herewith: <br /> Type of Note/ Original Maturity <br /> Loan A�reement Princinal Amount Date <br /> Operating $75,000.00 November 1, 2000 <br /> Term $35,937.08 November 25, 2000 <br /> Loan Agreement among Borrower, Lender, Coors of Hastings, Inc. and Gappa <br /> Distributing, Inc. (including obligations under paragraphs 1.04 and <br /> 1.05 thereof pertaining to the Letter of Credit issued for the benefit <br /> of William B. Westering and Westering Distributing Co.,Inc.) <br /> including any and all modifications, extensions and renewals thereof or thereto and any and all <br /> future advances and readvances to Borrower (or any of them if more than one) hereunder pursuant <br /> to one or more promissory notes, Loan Agreements or other credit agreements (herein collectively <br /> called "Note"); (b) the payrnent of other sums advanced by Lender to protect the security of the <br /> Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all <br /> present and future indebtedness and obligations of Borrower (or any of them if more than one) to <br /> Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, <br /> overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure <br /> the Note or otherwise executed in connection therewith, including without limitation guarantees, <br /> security agreements and assignments of leases and rents, shall be referred to herein as the "Loan <br /> Instruments". <br /> Trustor covenants and agrees with Lender as follows: <br /> 1. Pavment of Indebtedness. All indebtedness secured hereby shall be paid <br /> when due. <br /> 2. Title. Trustor is the owner of a leasehold interest in and option to purchase <br /> the Property, has the right and authority to convey its interest in the Property, and warrants that the <br /> lien created hereby is a first and prior lien on its interest in the Property, except for liens and <br /> encumbrances set forth by Trustor in writing and delivered to Lender before execution of this Deed <br /> of Trust, and the execution and delivery of this Deed of Trust does not violate any contract or other <br /> obligation to which Trustor is subject. <br /> 3. Taxes, Assessments. To pay before delinquency all taxes, special <br /> assessments and all other charges against the Property now or hereafter levied. <br /> 2 <br /> i <br />
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