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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />North Branch <br />2015 North Broadwell FOR RECORDEq'S USE ONLY <br />.to., ll d NE 88803 <br />5.1 <br />DEED OF TRUST <br />THIS DEED OF TRUST is dated February 1, 2002, among TIM C PLATE; A SINGLE PERSON ( "Truster "); Five d <br />Points Bank, whose address Is North Branch, 2015 North Broadwell, Grand Island, NE 68803 (referred to <br />below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose address is P.0 <br />Box 1507, Grand Island, NE 68802 -1507 (referred to below as "Trustee "). <br />CONVEYANCE AND GRANT. For valuable consideration, Truemr conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of <br />Lender as Beneficiary, all of True lur's right, title, and interest in and to the following carouser] real property, together with all existing or <br />subseyucntlY erected or affixed holdings, 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 irrigation rights); and all other rights, royalties, and protits relating to Thailand <br />property, including without limitation all minerals, ail, gas, geothermal and similar matters, (the "Real Property ") located in HALL <br />County, State of Nebraska: <br />LOT NINETEEN 119), BLOCK THREE (3) SOUTHERN ACRES ADDITION TO THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA <br />LOT EIGHTEEN (18), BLOCK THREE (3) SOUTHERN ACRES ADDITION TO THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA <br />The Real Property or its address is commonly known as 2604 CHANTICLEER, GRAND ISLAND , NE 68801. <br />REVOLVING LINE OF CREDIT. Specifically, without limitation, this Deed of Trust secures a revolving line of credit, which obligates Lender <br />to make advances to Truemr co long as Trustor complies with all the term. of the Note. <br />Truster presently assigns to Lender (also known as Beneficiary in this Deed of Troad all of Toustor's right, title, and Interest In and to all <br />present and future leases of ere Property and ell Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial <br />Ludo security interest In tho 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 (e) PERFORMANCE OF ANY AND ALL OBLIGATIONS <br />UNDER THIS DEED OF TRUST- THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deetl el Trust, Truster 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 Toaster's obligations .,Our the Note, this <br />Deed ut Trustr and the Related Drouments. <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Tresgr agrees that Treat., P possession and use at druProperty shall be governed <br />by the following provisions'. <br />Possession and Use. Until the occurrence of an Event of Default, Truster nay (1) remain in posse,,ion and control of the Property; <br />(2) oils, operate or manage fire Property; and (3) oulloor the Rents from the Property. <br />Duty to Maintain. Truster shall n p ubhun the Property In tenantable condition and promptly perform all repairs, replacements, and <br />maintenance necessary to preserve its value. <br />Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so long as This Deed of <br />Trust remains alien on the Property, uadd for gre generation, manufacture, storage, treatment, disposal, release or threatened release <br />of any Hazardous Substance in violation of any Environmental Laws. Trustor authorizes Lender and its agents to enter upon the <br />Property to make such Inspections and tests as Lender may deem appropriate to determine marrabinee of the Property with this <br />vu bion of the Dead of Trust. Trustor hereby (1) classes antl waives any fugue claims against Lender for indemnity or contribution <br />n the event Trustor becomes liable for cleanup or other cnste under any such laws, and (2) agrees to Indemnify and hold harmless <br />Lender against any and all claims and losses resulting from a breach of this paragraph of the Deed of Trust This obligation to <br />A <br />-mn <br />par t <br />C <br />^ = <br />% <br />p <br />r,l <br />N <br />d <br />� <br />u1 3 <br />Ul <br />s m <br />l\ <br />V <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />North Branch <br />2015 North Broadwell FOR RECORDEq'S USE ONLY <br />.to., ll d NE 88803 <br />5.1 <br />DEED OF TRUST <br />THIS DEED OF TRUST is dated February 1, 2002, among TIM C PLATE; A SINGLE PERSON ( "Truster "); Five d <br />Points Bank, whose address Is North Branch, 2015 North Broadwell, Grand Island, NE 68803 (referred to <br />below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose address is P.0 <br />Box 1507, Grand Island, NE 68802 -1507 (referred to below as "Trustee "). <br />CONVEYANCE AND GRANT. For valuable consideration, Truemr conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of <br />Lender as Beneficiary, all of True lur's right, title, and interest in and to the following carouser] real property, together with all existing or <br />subseyucntlY erected or affixed holdings, 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 irrigation rights); and all other rights, royalties, and protits relating to Thailand <br />property, including without limitation all minerals, ail, gas, geothermal and similar matters, (the "Real Property ") located in HALL <br />County, State of Nebraska: <br />LOT NINETEEN 119), BLOCK THREE (3) SOUTHERN ACRES ADDITION TO THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA <br />LOT EIGHTEEN (18), BLOCK THREE (3) SOUTHERN ACRES ADDITION TO THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA <br />The Real Property or its address is commonly known as 2604 CHANTICLEER, GRAND ISLAND , NE 68801. <br />REVOLVING LINE OF CREDIT. Specifically, without limitation, this Deed of Trust secures a revolving line of credit, which obligates Lender <br />to make advances to Truemr co long as Trustor complies with all the term. of the Note. <br />Truster presently assigns to Lender (also known as Beneficiary in this Deed of Troad all of Toustor's right, title, and Interest In and to all <br />present and future leases of ere Property and ell Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial <br />Ludo security interest In tho 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 (e) PERFORMANCE OF ANY AND ALL OBLIGATIONS <br />UNDER THIS DEED OF TRUST- THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deetl el Trust, Truster 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 Toaster's obligations .,Our the Note, this <br />Deed ut Trustr and the Related Drouments. <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Tresgr agrees that Treat., P possession and use at druProperty shall be governed <br />by the following provisions'. <br />Possession and Use. Until the occurrence of an Event of Default, Truster nay (1) remain in posse,,ion and control of the Property; <br />(2) oils, operate or manage fire Property; and (3) oulloor the Rents from the Property. <br />Duty to Maintain. Truster shall n p ubhun the Property In tenantable condition and promptly perform all repairs, replacements, and <br />maintenance necessary to preserve its value. <br />Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so long as This Deed of <br />Trust remains alien on the Property, uadd for gre generation, manufacture, storage, treatment, disposal, release or threatened release <br />of any Hazardous Substance in violation of any Environmental Laws. Trustor authorizes Lender and its agents to enter upon the <br />Property to make such Inspections and tests as Lender may deem appropriate to determine marrabinee of the Property with this <br />vu bion of the Dead of Trust. Trustor hereby (1) classes antl waives any fugue claims against Lender for indemnity or contribution <br />n the event Trustor becomes liable for cleanup or other cnste under any such laws, and (2) agrees to Indemnify and hold harmless <br />Lender against any and all claims and losses resulting from a breach of this paragraph of the Deed of Trust This obligation to <br />