200305833 - Laserfiche WebLink

Browse

WHEN RECORDED MAIL TO: Five Points Bank Weal Branch 2009 N. Dleta Ave. Grand I D. NE 88803 FOR RECORDER'S USE ONLY DEED OF TRUST MAXIMUM LIEN. The lien of this Deed of Trust shell not exceed at any one time $335,000.00. THIS DEED OF TRUST is dated April 9, 2003, among BRIAN L FOX and HEATHER L FOX: HUSBAND AND WIFE ( "Trustor "): Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Box 1507. Grand Island, NE 68802 -1507 (referred to below as "Trustee "). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the berth of Lender as Beneficiary. all of Trustor's right title, and interest in and to the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or Irrigation rightel; and all other rights, royalties, antl profits reletin99 to the reel property, Including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") locate tl in HALL County, State of Nebraska: LOT ONE (1) IN WESTWOOD PARK SIXTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,NEBRASKA The Real Property or its address is commonly known as 625 SANDALWOOD DR, GRAND ISLAND, NE 68803. FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender In Its discretion may loan to Trustor, together with all interest thereon; however, in no event shall such future advances (excluding interest) exceed in the aggregate $335,000.00. Trustor presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trustor 'a right, title, and interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. THIS DEED OF TRUST. INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided In this Deed of Trust, Trustor shall pay to Lender all amounts secured by this Deed 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 Related Documents, POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, Trustor may 111 remain in possession and control of the Property; (2) ads, operate or manage the Property; and (3) collect the Rome from the Property. Duty to Maintain. Trustor shall maintain the Property In good condition and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. Compliance With Environmental Laws. Trustor represents and warrants to Lender that: it I During the period of Trustor's ownership of the Property, there has been no use, generation, manufacture, rstorage, treatment, disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; 12) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any oM CT\ 0 D CD t^ Z O WHEN RECORDED MAIL TO: Five Points Bank Weal Branch 2009 N. Dleta Ave. Grand I D. NE 88803 FOR RECORDER'S USE ONLY DEED OF TRUST MAXIMUM LIEN. The lien of this Deed of Trust shell not exceed at any one time $335,000.00. THIS DEED OF TRUST is dated April 9, 2003, among BRIAN L FOX and HEATHER L FOX: HUSBAND AND WIFE ( "Trustor "): Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Box 1507. Grand Island, NE 68802 -1507 (referred to below as "Trustee "). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the berth of Lender as Beneficiary. all of Trustor's right title, and interest in and to the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or Irrigation rightel; and all other rights, royalties, antl profits reletin99 to the reel property, Including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") locate tl in HALL County, State of Nebraska: LOT ONE (1) IN WESTWOOD PARK SIXTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,NEBRASKA The Real Property or its address is commonly known as 625 SANDALWOOD DR, GRAND ISLAND, NE 68803. FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender In Its discretion may loan to Trustor, together with all interest thereon; however, in no event shall such future advances (excluding interest) exceed in the aggregate $335,000.00. Trustor presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trustor 'a right, title, and interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. THIS DEED OF TRUST. INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided In this Deed of Trust, Trustor shall pay to Lender all amounts secured by this Deed 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 Related Documents, POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, Trustor may 111 remain in possession and control of the Property; (2) ads, operate or manage the Property; and (3) collect the Rome from the Property. Duty to Maintain. Trustor shall maintain the Property In good condition and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. Compliance With Environmental Laws. Trustor represents and warrants to Lender that: it I During the period of Trustor's ownership of the Property, there has been no use, generation, manufacture, rstorage, treatment, disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; 12) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any