|
NR
<br />WHEN RECORDED MAI 70:
<br />Five Points Bank
<br />West Branch - PO
<br />,can 2009 Is Diets Ave.
<br />Grantl Island. NE 66803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $79,064.00.
<br />THIS DEED OF TRUST is dated January 17, 2003, among GEORGE S PAULSEN AND JEANETTE S PAULSEN
<br />HUSBAND AND WIFE, AND SCOTT R PAULSEN AND JENIFER L COOK, AS JOINT TENANTS WITH RIGHTS
<br />OF SURVIVORSHIP, AND NOT AS TENANTS IN COMMON ( "Trustor°I; Five Points Bank, whose address is
<br />West Branch, 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and Five Points Bank, whose address is P.0 Box 1507, Grand Island, NE
<br />68802 -1507 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Theater's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (including stock in utilities with ditch or rrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />Lot Two (2). in Block Ten (10, in Schimmer's Addition to the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 307 W 14TH ST, GRAND ISLAND, NE 68801 -3629.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, In addition to the amounts specified In the Note, all
<br />future amounts Lender in its discretion may loan to Borrower, together with all interest thereon; however, in no event shall such future
<br />advances (excluding Interest) exceed in the aggregate $79,064.00.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Toaster's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />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 PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: la) this Deed of Trust is executed at Borrower's request and
<br />not at the request of Lender; Ibl Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; Ia) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor, (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor warves all rights or defenses arising by reason of any "one action" or anti deficiency law, or any other
<br />law which may prevent Lender from bringing any action against Trustor, Including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim s
<br />for deficiency, before or after Lender' commencement or completion of any foreclosure action, either judicially or by
<br />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 Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the
<br />Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trusior's possession and use of
<br />Won
<br />N
<br />m
<br />D
<br />0
<br />DI
<br />o
<br />r+1
<br />r
<br />m N_
<br />m
<br />C_
<br />z
<br />ppp
<br />rV
<br />,may
<br />r)
<br />f>
<br />7
<br />no
<br />Z
<br />-r m
<br />t9
<br />n
<br />O
<br />To
<br />Sor
<br />ad
<br />fV
<br />O
<br />d
<br />O
<br />n
<br />o
<br />to
<br />( �
<br />r
<br />s
<br />O
<br />��
<br />C
<br />Mr
<br />N
<br />f
<br />r
<br />NR
<br />WHEN RECORDED MAI 70:
<br />Five Points Bank
<br />West Branch - PO
<br />,can 2009 Is Diets Ave.
<br />Grantl Island. NE 66803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $79,064.00.
<br />THIS DEED OF TRUST is dated January 17, 2003, among GEORGE S PAULSEN AND JEANETTE S PAULSEN
<br />HUSBAND AND WIFE, AND SCOTT R PAULSEN AND JENIFER L COOK, AS JOINT TENANTS WITH RIGHTS
<br />OF SURVIVORSHIP, AND NOT AS TENANTS IN COMMON ( "Trustor°I; Five Points Bank, whose address is
<br />West Branch, 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and Five Points Bank, whose address is P.0 Box 1507, Grand Island, NE
<br />68802 -1507 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Theater's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (including stock in utilities with ditch or rrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />Lot Two (2). in Block Ten (10, in Schimmer's Addition to the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 307 W 14TH ST, GRAND ISLAND, NE 68801 -3629.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, In addition to the amounts specified In the Note, all
<br />future amounts Lender in its discretion may loan to Borrower, together with all interest thereon; however, in no event shall such future
<br />advances (excluding Interest) exceed in the aggregate $79,064.00.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Toaster's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />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 PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: la) this Deed of Trust is executed at Borrower's request and
<br />not at the request of Lender; Ibl Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; Ia) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor, (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor warves all rights or defenses arising by reason of any "one action" or anti deficiency law, or any other
<br />law which may prevent Lender from bringing any action against Trustor, Including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim s
<br />for deficiency, before or after Lender' commencement or completion of any foreclosure action, either judicially or by
<br />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 Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the
<br />Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trusior's possession and use of
<br />
|