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200206320
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />,,015 North Bn adwell FOR RECORDER'S USE ONLY
<br />D d l l d NE 68903
<br />DEED OF TRUSTr
<br />THIS DEED OF TRUST is dated March 28, 2002, among RUDOLF F PLATE, A MARRIED PERSON and TIM C ;y
<br />PLATE, A SINGLE PERSON and JEANNICE PLATE. RUDOLF PLATE'S SPOUSE ( "Truster "); Five Points Bank,
<br />whose address is North Branch, 2015 North Broadwell, Grand Island, NE 68803 (referred to below sometimes
<br />as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Bo, 1507, Grand
<br />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 interest h and to the following duscribed real property, togother 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 ri hts, Y.Ities, and profits relating to the real
<br />property, Including without hmitaenn .0 minerala, ailr gee, geothermal and ender matters, (t�re 'Beal Property') located in HALL
<br />County, State of Nebraska:
<br />LOT FOURTEEN 114), WESTWOOD PARK SIXTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY,NEBRASKA
<br />The Real Property or its address is commonly known as FAIDLEY & REDWOOD DR, GRAND ISLAND, NE
<br />68803.
<br />FUTURE ADVANCES. Specifically, without limitation, this Decd of Trust secures, In addition to the amounts specified In the Note, all
<br />future amounts Lauder in Its discretion may loan to Borrower, together with all interest thereon: however, in no event shall such future
<br />advances (excluding interest) exceed in the aggregate $200,000.00.
<br />Trustor presently assigns to Lender (also known as Benetlolary In this Deed of Trust) all of Trustor's right, titler and interest In and to all
<br />present and future leases of the Property and all Rents from the Property, In addition. Truster 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 IBI 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. 15 ALSO GIVEN TO SECURE ANY AND ALL OF
<br />BORROWER'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN BORROWER 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (at this Deed of Trust is executed at 9nrmwer's request and
<br />not at gm requ usr of Lender; (b) Trustor has the full power, rota, and authority to entur into this Deed of Trust and to hypothecate the
<br />Property; Icl the provisions of this Deed of Trust do not conflict with, or result In a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation.00urt door.. or order applicable m Trustor; (d) Trustor has
<br />established adequate means of obta oing from Borrower on a .retuning basis information about Borrower's financial routines: and (e)
<br />Lender hub Foods no representation to Trustor about Borrower (Including without limitation the orrdltworthlness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waiyaa all right. or defenses arising by reason of any "one action" or anti- deficiency" law, or any ether
<br />law which may prevent Loader from bringing any action against Trustor, including u sisim for deficiency to the extent Lender is otherwibe
<br />entitled to a claim for deficiency, before or after Lender's ammmancement or completion of any foreclosure action, anther judicially or by
<br />exercise of o power of sale.
<br />PAYMENT AND PERFORMANCE. Except as other are provided in this Dued of Trust, Borrower shall pay to Lender all Indebtodness
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<br />200206320
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />,,015 North Bn adwell FOR RECORDER'S USE ONLY
<br />D d l l d NE 68903
<br />DEED OF TRUSTr
<br />THIS DEED OF TRUST is dated March 28, 2002, among RUDOLF F PLATE, A MARRIED PERSON and TIM C ;y
<br />PLATE, A SINGLE PERSON and JEANNICE PLATE. RUDOLF PLATE'S SPOUSE ( "Truster "); Five Points Bank,
<br />whose address is North Branch, 2015 North Broadwell, Grand Island, NE 68803 (referred to below sometimes
<br />as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Bo, 1507, Grand
<br />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 interest h and to the following duscribed real property, togother 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 ri hts, Y.Ities, and profits relating to the real
<br />property, Including without hmitaenn .0 minerala, ailr gee, geothermal and ender matters, (t�re 'Beal Property') located in HALL
<br />County, State of Nebraska:
<br />LOT FOURTEEN 114), WESTWOOD PARK SIXTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY,NEBRASKA
<br />The Real Property or its address is commonly known as FAIDLEY & REDWOOD DR, GRAND ISLAND, NE
<br />68803.
<br />FUTURE ADVANCES. Specifically, without limitation, this Decd of Trust secures, In addition to the amounts specified In the Note, all
<br />future amounts Lauder in Its discretion may loan to Borrower, together with all interest thereon: however, in no event shall such future
<br />advances (excluding interest) exceed in the aggregate $200,000.00.
<br />Trustor presently assigns to Lender (also known as Benetlolary In this Deed of Trust) all of Trustor's right, titler and interest In and to all
<br />present and future leases of the Property and all Rents from the Property, In addition. Truster 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 IBI 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. 15 ALSO GIVEN TO SECURE ANY AND ALL OF
<br />BORROWER'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN BORROWER 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (at this Deed of Trust is executed at 9nrmwer's request and
<br />not at gm requ usr of Lender; (b) Trustor has the full power, rota, and authority to entur into this Deed of Trust and to hypothecate the
<br />Property; Icl the provisions of this Deed of Trust do not conflict with, or result In a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation.00urt door.. or order applicable m Trustor; (d) Trustor has
<br />established adequate means of obta oing from Borrower on a .retuning basis information about Borrower's financial routines: and (e)
<br />Lender hub Foods no representation to Trustor about Borrower (Including without limitation the orrdltworthlness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor waiyaa all right. or defenses arising by reason of any "one action" or anti- deficiency" law, or any ether
<br />law which may prevent Loader from bringing any action against Trustor, including u sisim for deficiency to the extent Lender is otherwibe
<br />entitled to a claim for deficiency, before or after Lender's ammmancement or completion of any foreclosure action, anther judicially or by
<br />exercise of o power of sale.
<br />PAYMENT AND PERFORMANCE. Except as other are provided in this Dued of Trust, Borrower shall pay to Lender all Indebtodness
<br />
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