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<br />WHEN RECORDED MAIL TO:
<br />Five Polms Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated January 16, 2002, among JIM L BUCK and LINDA L BUCK; HUSBAND AND
<br />WIFE ( "Trustor"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island, NE
<br />68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank,
<br />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 benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and oriental in and to the following described real property, Together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; of easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (Including stank in utlllties with ditch or Irrigation rights); and all other rights, royalties, and profits relating to the real
<br />proparW. including without limitation all minerals, oil, gas, geothermal and slmllar matters, (the "Real Property ") located in HALL
<br />County, State of Nebraska:
<br />LOT THIRTY ONE (31), GRAND WEST SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />The Real Property or its address is commonly known as 1509 MANSFIELD, GRAND ISLAND, NE 65803. The
<br />Real Property tax identification number is 400396718.
<br />Truster presemly assigns to Lender also known as Beneficiary in this Dead of Tn¢t) all of Truatoil, right, title, and interest in and to all
<br />presant end !-tuna 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 Runts.
<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 IB) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT
<br />OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS ALSO GIVEN TO SECURE ANY AND ALL OF
<br />TRUSTOR'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN TRUSTOR AND LENDER OF EVEN
<br />DATE HEREWITH. ANY EVENT OF DEFAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED DOCUMENTS
<br />REFERRED TO THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND
<br />ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in ties Dead of Trust. Trustor shall pay to Lender all amounts secured by
<br />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
<br />Deed of Trust, and the Related Documents,
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions.
<br />Possession and Use. Until tiro occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Properly; and 13) collect the Rents from the Pmperty.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve Its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants in Lender that: (1) During the period of Trustor's ownership
<br />of the Property. Ilia@ lice Iven no use, generation, m nufedttire, Storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, Fde,, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />That there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, rinsonfaccor slerego, treabnpld, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or tram the Property by any prior owners or occupants of the Property, or Id) any actual or
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<br />WHEN RECORDED MAIL TO:
<br />Five Polms Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated January 16, 2002, among JIM L BUCK and LINDA L BUCK; HUSBAND AND
<br />WIFE ( "Trustor"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island, NE
<br />68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank,
<br />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 benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and oriental in and to the following described real property, Together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; of easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (Including stank in utlllties with ditch or Irrigation rights); and all other rights, royalties, and profits relating to the real
<br />proparW. including without limitation all minerals, oil, gas, geothermal and slmllar matters, (the "Real Property ") located in HALL
<br />County, State of Nebraska:
<br />LOT THIRTY ONE (31), GRAND WEST SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />The Real Property or its address is commonly known as 1509 MANSFIELD, GRAND ISLAND, NE 65803. The
<br />Real Property tax identification number is 400396718.
<br />Truster presemly assigns to Lender also known as Beneficiary in this Dead of Tn¢t) all of Truatoil, right, title, and interest in and to all
<br />presant end !-tuna 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 Runts.
<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 IB) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT
<br />OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS ALSO GIVEN TO SECURE ANY AND ALL OF
<br />TRUSTOR'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN TRUSTOR AND LENDER OF EVEN
<br />DATE HEREWITH. ANY EVENT OF DEFAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED DOCUMENTS
<br />REFERRED TO THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND
<br />ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in ties Dead of Trust. Trustor shall pay to Lender all amounts secured by
<br />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
<br />Deed of Trust, and the Related Documents,
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions.
<br />Possession and Use. Until tiro occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Properly; and 13) collect the Rents from the Pmperty.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve Its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants in Lender that: (1) During the period of Trustor's ownership
<br />of the Property. Ilia@ lice Iven no use, generation, m nufedttire, Storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, Fde,, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />That there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, rinsonfaccor slerego, treabnpld, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or tram the Property by any prior owners or occupants of the Property, or Id) any actual or
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