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WHEN RECORDED MAIL TO: 200306908
<br />Five Points Bank
<br />West Branch
<br />20DS Ave.
<br />G en,",= NE aaee3 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated May 7, 2003, among KEVIN B BAKER and CHRISTINE M BAKER; Husband
<br />and Wife ("Trustor "); Five Points Bank, whose address is West Branch, 2009 N. Diets Ave., Grand Island,
<br />NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points
<br />Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For Valuable consideration, Truster conveys to Trustee In trust, WITH POWER OF SALE, for the season of
<br />Lender as Benefieary, all of Trustor's right, titre, and Interest In and to the following described real property. together with all existing or
<br />subsequently erected or afrmed buildings, improvements and fixtures, all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilltles with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property) located in HALL County, Mate O
<br />Nebraska:
<br />Lot Siodeen (16), Block Seventeen (17), ScarH's Addition to West Lawn, City of Grand Island, and also
<br />Lot Seventeen (17), Subdivision of 280,281 and 282 in West Lawn, City of Grand Island, Hall County,
<br />Nebraska.
<br />The Real Property or its address Is commonly known as 1703 N LAFAYETTE AVE, GRAND ISLAND, NE
<br />68803 -2651.
<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
<br />and future lasses of the Property and all Rents ham the Property. In addition, Truster grants to Lender a Uniform Commercial Code security
<br />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 />TINDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided In this Dead of Trust, Truster shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall stricuy and in a timely manner perform all of Trustor's obligations under the Note, this Deed of Trust,
<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 governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Truster may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of
<br />the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
<br />Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has bean,
<br />except as previously disclosed to and acknowledged by Lender In writing, (a) any breach or violation of any Environmental Laws, (b) any
<br />use, generation. manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or
<br />from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigation or claims of any kind by any
<br />person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any
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<br />WHEN RECORDED MAIL TO: 200306908
<br />Five Points Bank
<br />West Branch
<br />20DS Ave.
<br />G en,",= NE aaee3 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated May 7, 2003, among KEVIN B BAKER and CHRISTINE M BAKER; Husband
<br />and Wife ("Trustor "); Five Points Bank, whose address is West Branch, 2009 N. Diets Ave., Grand Island,
<br />NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points
<br />Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For Valuable consideration, Truster conveys to Trustee In trust, WITH POWER OF SALE, for the season of
<br />Lender as Benefieary, all of Trustor's right, titre, and Interest In and to the following described real property. together with all existing or
<br />subsequently erected or afrmed buildings, improvements and fixtures, all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilltles with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property) located in HALL County, Mate O
<br />Nebraska:
<br />Lot Siodeen (16), Block Seventeen (17), ScarH's Addition to West Lawn, City of Grand Island, and also
<br />Lot Seventeen (17), Subdivision of 280,281 and 282 in West Lawn, City of Grand Island, Hall County,
<br />Nebraska.
<br />The Real Property or its address Is commonly known as 1703 N LAFAYETTE AVE, GRAND ISLAND, NE
<br />68803 -2651.
<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
<br />and future lasses of the Property and all Rents ham the Property. In addition, Truster grants to Lender a Uniform Commercial Code security
<br />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 />TINDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided In this Dead of Trust, Truster shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall stricuy and in a timely manner perform all of Trustor's obligations under the Note, this Deed of Trust,
<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 governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Truster may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of
<br />the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
<br />Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has bean,
<br />except as previously disclosed to and acknowledged by Lender In writing, (a) any breach or violation of any Environmental Laws, (b) any
<br />use, generation. manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or
<br />from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigation or claims of any kind by any
<br />person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any
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