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IN iJIJ� PAGES o Inst. 2002 - 4681
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<br />PE IRox S REGISTER OF DEEDS
<br />1iea-v oexj IJE- [s8f�48- G198 "7
<br />200205633
<br />WHEN RECORDED MAIL TO:
<br />Minneapolis Loan Ops Center
<br />Attn: Collateral Processing - Rep III
<br />730 2nd Ave. South Suite 1000
<br />Minneapolis, MN 55479 FOR RECORDER'S USE ONLY
<br />1 41ZI1290,1311
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $145,345.00.
<br />THIS DEED OF TRUST is dated May 10, 2002, among Gary R. Jacobsen, a single person, whose address is
<br />1306 3rd Avenue, Kearney, NE 68845 ( "Trustor "); Wells Fargo Bank Nebraska, National Association, whose
<br />address is Kearney - Main, 21 W. 21st Street, Kearney, NE 68847 (referred to below sometimes as "Lender"
<br />and sometimes as "Beneficiary "); and Wells Fargo Bank Nebraska, N.A., whose address is 1919 Douglas
<br />Street, Omaha, NE 68102 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, 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 profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in Hall
<br />and Buffalo County, State of Nebraska:
<br />Lot 10 and 11, Pine View Subdivision, Hall County Nebraska.
<br />Property address: 214 Campbell Avenue
<br />and
<br />Lot 5, Block 26 Kearney Land and Investment Company's First Addition to the City of Kearney, Buffalo
<br />County, Nebraska.
<br />Property address: 1306 3rd Avenue
<br />The Real Property or its address is commonly known as 214 Campbell Avenue, Doniphan, NE 68832 and 306
<br />3rd Avenue, Kearney, NE 68845. The Real Property tax identification number is 400448386 & 603097000
<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
<br />present and future 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 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 />UNDER 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 Deed 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 the occurrence of an Event of Default, Trustor may 11) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<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.
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