|
Tdo
<br />IT
<br />C
<br />m Cd U
<br />0 CE
<br />x
<br />n r)
<br />O
<br />O
<br />N
<br />O
<br />O
<br />m V'
<br />�{
<br />3`
<br />F S
<br />�
<br />,n
<br />z
<br />N
<br />t
<br />_C
<br />N
<br />C
<br />N Cp
<br />Ems l`hy
<br />WHEN RECORDED MAIL Td:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diars Ave
<br />Grantl Islantl. NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $15,000.00.
<br />THIS DEED OF TRUST is dated September 13, 2002, among JENNIFER J OHARA, A SINGLE PERSON
<br />( "Trustor "); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE 68803
<br />(referred to below sometimes as "Lender' and sometimes as "Beneficiary "); and (referred to below as
<br />"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 stack 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 />County, State of Nebraska:
<br />Lot Six (6) in Block Two (2), Kay -Dee Subdivision located on part of the Southwest Quarter of the
<br />Southwest Quarter (SW1/4SW1/4) of Section Twenty -one (21), Township Eleven (11) North, Range Nine
<br />(9) West of the 6th P.M., Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 1603 GRETCHEN AVE, GRAND ISLAND , NE
<br />68801 -6348.
<br />REVOLVING LINE OF CREDIT. Specifically, in addition to the amounts specified in the Indebtedness definition, and without limitation, this
<br />Deed of Trust secures a revolving line of credit, which obligates Lender to make advances to Trustor so long as Trustor complies with all
<br />the terms of the Note.
<br />Trustor presently assigns to Lender lalso 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 became due, and shall strictly and In a timely manner perform all of Trustor's obligations under the Note, this
<br />Dead 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 (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and 131 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.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership
<br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; 12) Trustor has no knowledge of, or reason to believe
<br />H
<br />w
<br />C
<br />CD
<br />a
<br />0
<br />
|