|
WHEN RECORDED MAIL TO:
<br />Farmers State eank 2002 0 :� 0 `w
<br />2nd end vine
<br />P. O. Box 246
<br />Sggk E 68663-0246 FOR RECORDERS USE
<br />? ONLY
<br />DEED OF TRUST J /'
<br />MAXIMUM LIEN. The lien of this Deed of Trust Shall not exceed at any one time $iS3,066.00.
<br />THIS DEED OF TRUST is dated May 8, 2002, among Eimer Cuevas, whose address is 1024 North Broadwell
<br />Avenue, Grand Island, NE 68803 ( "Truslor"); Farmers State Bank, whose address is 2nd and Vine, P. O.
<br />Box 246, Silver Creek, NE 68663 -0246 (referred to below Sometimes as "Lender" and Sometimes as
<br />"Ber- ficiary"); and Farmers State Bank, whose address is P. O. Box 246, Silver Creek, NE 68663-0246
<br />(referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable coneldoratlon. TFIMm conveys to Trustee In trust, WITH POWER OF SALE, for the bath of
<br />Lever as Beneficiary, all of Trustcr's right, title, and Interest In and to the following described real propeM, together with 811 Manor, or
<br />subsepu"flly vveded or affixed build age, improvdmenle and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch eighis (including stock In utilities with ditch Or indoor rights): and all other rights, royalties, And profits r.failr, to the di Oreparty ordinate
<br />wel cln I mnmmn eu minerals, or gas, geothermal aad simaar manors, (the "Real Property") located in Hall County, State of
<br />Nebraska:
<br />The North Nall of Lots Two (2) and One (� ;
<br />Tom, Block Twelve (12), Bogg's and Hill Addition, City of Grand
<br />Island, Hell County, NE
<br />The Real Property or its address is commonly known as 1024 North Broadwell Avenue, Grand Island, NE
<br />68803.
<br />CROSS- COLLATERALIZATION. In addition to the Note. not Deed of Trust secures all obligations, debt and flebllities, plus Interest thereon, of
<br />Truslor to Loader, or any one or more of them, as well as all claims by Lender against Truslor or any one w more of them, whether now eagng
<br />or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due dialect M
<br />(notice, determined or undetermined, absolute or contingent, Ilpurdesed or unlicurdit ed whether Truslor may be liable indrvrdrwlly or hen with
<br />others , whether obligated as ge irrins., ssraty, eceommodefron party or otherwise, and whether recovery upon such amounts may be W lkyma8er
<br />may become carved by any sterile of hmrsations, and whether the obligation to repay such amounts may be w aereafter may blooms otherwise
<br />u neneopkible.
<br />FUTURE ADVANCES. Speci:ically, without Ilmilatroq hits Deed of Trust secures, in addition lO the amounts specifled in the Note, eY future
<br />amounts t order in its d15IXation may loan to T(LStdr, tagalner with all Interest burden.
<br />Truster presently assigns to Lender (aka known as Sunelrclany In the Deed of Trust) all of Truants right, ma, and Internet in And to 0 Pecan
<br />and future leases of the Property and all Rent from the Property. In additrpq Trusor grants to Lender a Umo m Commercial Code Manly
<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 OBLtGRTIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED Or TRUST IS GIVEN AND ACCEPTED OH THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as olberwi.e pig,.i in this Deed of Trust, Terser shall pay IV Lender all amounts seemed by ms
<br />Deed Of 1 iw ^I as they become do.. and shall Piidly and In a timely manner perform CI of Truster s obligations under the NOW, this Deed of Tram.
<br />and the Related Daemonic.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truslor agrees that Trustor's possession and use VI the Property stall ber governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Delaull, Tenser may (I) remain In possession and conhd M the properly (2)
<br />npemm Or manage fns Properly: end (3) C011etl the Rents hem the Properly.
<br />Duty to Maintain. Truslor shall maintain the Properly In good condition and promptly pMwm all repairs, replacement, and mainbre
<br />necessary to presetVe PIS Vales.
<br />Compliance With Environmental Laws. Trestor represents and warrants to Lender Thal: (1) Dues, the period of TraI owrrertry d
<br />the Property. buix, has been no use, generation, manufacture, storage, treatment, dispoal, s mlesse Oribreaterad regsss clams lllLrrfpre
<br />Substance by any person on, under, Shaul Or from the Proper, (2) Trmlor has np knowledge d, M reason k Ifakave INI there laz Ceen,
<br />except o, previously disc,red to and acknowledged by Lender in wrong. (a) any breach or Nolates of any Fneaver anal users. not any
<br />e, generation, manufacture, storage, treatment, disposal, bledus Or replaced rNeese pt, any Hez]rtlous Substsrca on, unoY. About v
<br />from the Property by any pfmr owners Or Occupants of Property, or (C) any school Or mrearabod frog pn or Ohms d em kmd by eery
<br />person relaling to Such mothers, and (3) Except as previously disclosed to and ackoowfadgad by Lender In wrier,, Go rrnb,ee Trustp rpr
<br />any Imoul, Cmtradon agent Or Other aWhodaed user of the Propery shall use, generate, nanufactual Store, treat, deep5e d or estimates ,
<br />rheard.us Substance on, under, about Or from the Fr... dy: and Of any such realvay, shell be eooducied in Cpmpaarce vemrtetaoxabb
<br />federal, state, and Iyoul laws, regultoons im f ordinances, including without Ilostrren all Environmental tawe. Trusts, spareness Larder am ,is agents !o enter upon the Property to make such inspections and seats. 81 Tnalo(s mmente, as Lender may yam alcpr % to
<br />determine Compliance OI IM Property with this onion Of Ih t Dead Of Trust. Any iawaraphom or all may by Lnds pre, pa 4 LaI
<br />purposes only sort shall not be construed to create any geponsighly M Ilabarry On IN pad d Lender to Trevor de W aM Caviar perm The
<br />representations and warrantor contained home are based On Topi due dlglard in InarSlgphr, Cy Pr03an3 Na Iybodead
<br />Substances. Truser hereby (p
<br />pm reloS;es end waives any Ntum claims agates: Lunen Ip inymrvry w ron'.npuMn in rM nerry Thy
<br />peces liable for Cennep or other casts ender any..h laws; end 121 egrep5 to in %minty and htld NmVd55 Ler °.1Y pergt arty floc fli
<br />Claims, lenses., IVbrlares, damage.. penallla5, and raperse, which Leader may dvae/ w IndYaap/ dotal w su'. MarAr, bled A oea,"1
<br />Of this section OI Ina Deed nl Trust Or as a cprrron,wi lee Of eery Ire, g.beb n, ranrFate��, at.,. OSp65al, rebate or
<br />overseas
<br />relOass
<br />Lou, Dnor to Truslor', ownership w rnIN031 ern lia prpDarry, whavar M not the Sams was by yrcrdi Mro bean krrC b TrreBq.
<br />The proNSront of the nactlOn OI the Dead Of Trust, lnCWdrr, llg cal"Iforao IndOmNly, nNI 3. IM Mrem rks 0 aN moo bor,he ap
<br />o
<br />n ern
<br />m i
<br />i
<br />go
<br />"cl-
<br />o
<br />no i
<br />T
<br />N ei+�i
<br />m
<br />it
<br />a..
<br />z
<br />Pop
<br />fec
<br />Ij
<br />cas
<br />+y
<br />w�
<br />I
<br />N
<br />WHEN RECORDED MAIL TO:
<br />Farmers State eank 2002 0 :� 0 `w
<br />2nd end vine
<br />P. O. Box 246
<br />Sggk E 68663-0246 FOR RECORDERS USE
<br />? ONLY
<br />DEED OF TRUST J /'
<br />MAXIMUM LIEN. The lien of this Deed of Trust Shall not exceed at any one time $iS3,066.00.
<br />THIS DEED OF TRUST is dated May 8, 2002, among Eimer Cuevas, whose address is 1024 North Broadwell
<br />Avenue, Grand Island, NE 68803 ( "Truslor"); Farmers State Bank, whose address is 2nd and Vine, P. O.
<br />Box 246, Silver Creek, NE 68663 -0246 (referred to below Sometimes as "Lender" and Sometimes as
<br />"Ber- ficiary"); and Farmers State Bank, whose address is P. O. Box 246, Silver Creek, NE 68663-0246
<br />(referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable coneldoratlon. TFIMm conveys to Trustee In trust, WITH POWER OF SALE, for the bath of
<br />Lever as Beneficiary, all of Trustcr's right, title, and Interest In and to the following described real propeM, together with 811 Manor, or
<br />subsepu"flly vveded or affixed build age, improvdmenle and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch eighis (including stock In utilities with ditch Or indoor rights): and all other rights, royalties, And profits r.failr, to the di Oreparty ordinate
<br />wel cln I mnmmn eu minerals, or gas, geothermal aad simaar manors, (the "Real Property") located in Hall County, State of
<br />Nebraska:
<br />The North Nall of Lots Two (2) and One (� ;
<br />Tom, Block Twelve (12), Bogg's and Hill Addition, City of Grand
<br />Island, Hell County, NE
<br />The Real Property or its address is commonly known as 1024 North Broadwell Avenue, Grand Island, NE
<br />68803.
<br />CROSS- COLLATERALIZATION. In addition to the Note. not Deed of Trust secures all obligations, debt and flebllities, plus Interest thereon, of
<br />Truslor to Loader, or any one or more of them, as well as all claims by Lender against Truslor or any one w more of them, whether now eagng
<br />or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due dialect M
<br />(notice, determined or undetermined, absolute or contingent, Ilpurdesed or unlicurdit ed whether Truslor may be liable indrvrdrwlly or hen with
<br />others , whether obligated as ge irrins., ssraty, eceommodefron party or otherwise, and whether recovery upon such amounts may be W lkyma8er
<br />may become carved by any sterile of hmrsations, and whether the obligation to repay such amounts may be w aereafter may blooms otherwise
<br />u neneopkible.
<br />FUTURE ADVANCES. Speci:ically, without Ilmilatroq hits Deed of Trust secures, in addition lO the amounts specifled in the Note, eY future
<br />amounts t order in its d15IXation may loan to T(LStdr, tagalner with all Interest burden.
<br />Truster presently assigns to Lender (aka known as Sunelrclany In the Deed of Trust) all of Truants right, ma, and Internet in And to 0 Pecan
<br />and future leases of the Property and all Rent from the Property. In additrpq Trusor grants to Lender a Umo m Commercial Code Manly
<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 OBLtGRTIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED Or TRUST IS GIVEN AND ACCEPTED OH THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as olberwi.e pig,.i in this Deed of Trust, Terser shall pay IV Lender all amounts seemed by ms
<br />Deed Of 1 iw ^I as they become do.. and shall Piidly and In a timely manner perform CI of Truster s obligations under the NOW, this Deed of Tram.
<br />and the Related Daemonic.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truslor agrees that Trustor's possession and use VI the Property stall ber governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Delaull, Tenser may (I) remain In possession and conhd M the properly (2)
<br />npemm Or manage fns Properly: end (3) C011etl the Rents hem the Properly.
<br />Duty to Maintain. Truslor shall maintain the Properly In good condition and promptly pMwm all repairs, replacement, and mainbre
<br />necessary to presetVe PIS Vales.
<br />Compliance With Environmental Laws. Trestor represents and warrants to Lender Thal: (1) Dues, the period of TraI owrrertry d
<br />the Property. buix, has been no use, generation, manufacture, storage, treatment, dispoal, s mlesse Oribreaterad regsss clams lllLrrfpre
<br />Substance by any person on, under, Shaul Or from the Proper, (2) Trmlor has np knowledge d, M reason k Ifakave INI there laz Ceen,
<br />except o, previously disc,red to and acknowledged by Lender in wrong. (a) any breach or Nolates of any Fneaver anal users. not any
<br />e, generation, manufacture, storage, treatment, disposal, bledus Or replaced rNeese pt, any Hez]rtlous Substsrca on, unoY. About v
<br />from the Property by any pfmr owners Or Occupants of Property, or (C) any school Or mrearabod frog pn or Ohms d em kmd by eery
<br />person relaling to Such mothers, and (3) Except as previously disclosed to and ackoowfadgad by Lender In wrier,, Go rrnb,ee Trustp rpr
<br />any Imoul, Cmtradon agent Or Other aWhodaed user of the Propery shall use, generate, nanufactual Store, treat, deep5e d or estimates ,
<br />rheard.us Substance on, under, about Or from the Fr... dy: and Of any such realvay, shell be eooducied in Cpmpaarce vemrtetaoxabb
<br />federal, state, and Iyoul laws, regultoons im f ordinances, including without Ilostrren all Environmental tawe. Trusts, spareness Larder am ,is agents !o enter upon the Property to make such inspections and seats. 81 Tnalo(s mmente, as Lender may yam alcpr % to
<br />determine Compliance OI IM Property with this onion Of Ih t Dead Of Trust. Any iawaraphom or all may by Lnds pre, pa 4 LaI
<br />purposes only sort shall not be construed to create any geponsighly M Ilabarry On IN pad d Lender to Trevor de W aM Caviar perm The
<br />representations and warrantor contained home are based On Topi due dlglard in InarSlgphr, Cy Pr03an3 Na Iybodead
<br />Substances. Truser hereby (p
<br />pm reloS;es end waives any Ntum claims agates: Lunen Ip inymrvry w ron'.npuMn in rM nerry Thy
<br />peces liable for Cennep or other casts ender any..h laws; end 121 egrep5 to in %minty and htld NmVd55 Ler °.1Y pergt arty floc fli
<br />Claims, lenses., IVbrlares, damage.. penallla5, and raperse, which Leader may dvae/ w IndYaap/ dotal w su'. MarAr, bled A oea,"1
<br />Of this section OI Ina Deed nl Trust Or as a cprrron,wi lee Of eery Ire, g.beb n, ranrFate��, at.,. OSp65al, rebate or
<br />overseas
<br />relOass
<br />Lou, Dnor to Truslor', ownership w rnIN031 ern lia prpDarry, whavar M not the Sams was by yrcrdi Mro bean krrC b TrreBq.
<br />The proNSront of the nactlOn OI the Dead Of Trust, lnCWdrr, llg cal"Iforao IndOmNly, nNI 3. IM Mrem rks 0 aN moo bor,he ap
<br />
|