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<br />200909955
<br />to 41111
<br />to
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island, NE 66803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />V
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<br />THIS DEED OF TRUST is dated September 13, 2002, among MARGENE L TAYLOR and LOYD A TAYLOR, V�
<br />whose address is 2508 W 5TH ST, GRAND ISLAND, NE 68803 ( "Trustor "); Five Points Bank. whose address O
<br />is West Branch, 2009 N. Diets Ave., Grand Island. NE 68803 (referred to below sometimes as "Lander" and
<br />sometimes as "Beneficiary" j; and (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 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 relating9 to the reel
<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 />TARA LEIGH SUB LOT 1 ALSO KNOWN AS 2508 W 5TH STREET, GRAND ISLAND, NEBRASKA. HALL
<br />COUNTY.
<br />The Real Property or its address is commonly known as 2508 W 5TH ST, GRAND ISLAND, NE 68803. The
<br />Real Property tax identification number is 400096226
<br />REVOLVING LINE OF CREDIT. Specifically, without limitation, this Dead of Trust secures a revolving line of credit, which obligates Lender
<br />to make advances to Trustor so long as Trustor complies with all the terms of the Credit Agreement. Such advances may be made. repaid.
<br />and remade from time to time, subject to the limitation that the total outstanding balance owing at any one time, not including finance
<br />charges on such balance at a fixed or variable rata or sum as provided in the Credit Agreement, any temporary overages, other charges,
<br />and any amounts expanded or advanced as provided in this paragraph, shall not exceed the Credit Limn as provided in the Credit
<br />Agreement. it is the Intended of Trustor and Lender that this Dead of Trust secures the balance outstanding under the Credit Agreement
<br />ham time to time from zero up to the Credit Limit as provided in this Deed of Trust and any intermediate balance.
<br />Trustor presently assigns to Lender )also known as Beneficiary in this Deed of Trust) all of Trustor 'a 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 18) PERFORMANCE Of EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER 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 Dead of Trust as they become due, and shall strictly and In a timely manner perform all of Trustor's obligations under the Credit
<br />Agreement, this Dead of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Truster re 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 (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform a1I repairsr replacements, and
<br />maintenance necessary to preserve its value.
<br />Hazardous Substances. Truemr represents and warrants that the Property never has been, and never will be so long as this Dead of
<br />Trust remains a lien on the Property, used for the generation, manufacture, storage, treatment, disposal, release or threatened release
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<br />to 41111
<br />to
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island, NE 66803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />V
<br />f/9
<br />i=
<br />N
<br />Q
<br />THIS DEED OF TRUST is dated September 13, 2002, among MARGENE L TAYLOR and LOYD A TAYLOR, V�
<br />whose address is 2508 W 5TH ST, GRAND ISLAND, NE 68803 ( "Trustor "); Five Points Bank. whose address O
<br />is West Branch, 2009 N. Diets Ave., Grand Island. NE 68803 (referred to below sometimes as "Lander" and
<br />sometimes as "Beneficiary" j; and (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 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 relating9 to the reel
<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 />TARA LEIGH SUB LOT 1 ALSO KNOWN AS 2508 W 5TH STREET, GRAND ISLAND, NEBRASKA. HALL
<br />COUNTY.
<br />The Real Property or its address is commonly known as 2508 W 5TH ST, GRAND ISLAND, NE 68803. The
<br />Real Property tax identification number is 400096226
<br />REVOLVING LINE OF CREDIT. Specifically, without limitation, this Dead of Trust secures a revolving line of credit, which obligates Lender
<br />to make advances to Trustor so long as Trustor complies with all the terms of the Credit Agreement. Such advances may be made. repaid.
<br />and remade from time to time, subject to the limitation that the total outstanding balance owing at any one time, not including finance
<br />charges on such balance at a fixed or variable rata or sum as provided in the Credit Agreement, any temporary overages, other charges,
<br />and any amounts expanded or advanced as provided in this paragraph, shall not exceed the Credit Limn as provided in the Credit
<br />Agreement. it is the Intended of Trustor and Lender that this Dead of Trust secures the balance outstanding under the Credit Agreement
<br />ham time to time from zero up to the Credit Limit as provided in this Deed of Trust and any intermediate balance.
<br />Trustor presently assigns to Lender )also known as Beneficiary in this Deed of Trust) all of Trustor 'a 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 18) PERFORMANCE Of EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER 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 Dead of Trust as they become due, and shall strictly and In a timely manner perform all of Trustor's obligations under the Credit
<br />Agreement, this Dead of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Truster re 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 (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform a1I repairsr replacements, and
<br />maintenance necessary to preserve its value.
<br />Hazardous Substances. Truemr represents and warrants that the Property never has been, and never will be so long as this Dead of
<br />Trust remains a lien on the Property, used for the generation, manufacture, storage, treatment, disposal, release or threatened release
<br />
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