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o ro <br />N CAD <br />O Q' <br />N � <br />H <br />O 3 <br />W ep <br />v O <br />WHEN RECORDED MAIL T <br />Five Points Bank <br />'Your Hometown Bank' <br />2015 N. Broadwell <br />P.O. Box 1507 <br />Grand Island, NE 68802 -1507 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 $85,000.00 <br />THIS DEED OF TRUST is dated October 4, 2002, among TIMOTHY J GALVAN and JENNIFER A GALVAN; <br />HUSBAND AND WIFE ( "Trustor "); Five Points Bank, whose address is "Your Hometown Bank ", 2015 N. <br />Broadwell, P.O. Box 1507, Grand Island, NE 68802 -1507 (referred to below sometimes as "Lender" and <br />sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Box .1507, Grand Island, NE <br />68802 -1507 (referred to below as "Trustee "). <br />CONVEYANCE AND GRANT. For valuable consideration. Treater 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 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 />LOT ONE (1) GALVAN THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA <br />The Real Property or its address is commonly known as 571 E CAPITAL AVE, GRAND ISLAND, NE 68801 <br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all <br />future amounts Lender in its discretion may loan to Truster, together with all interest thereon; however, In no event shall such future <br />advances (excluding Interest) exceed in the aggregate $85,000.00. <br />Truster 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 D1 the Property and all Rents from the Property. In addition, Trader 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 IS GIVEN AND ACCEPTED ON THE <br />FOLLOWING TERMS: <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trader 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 Nate, this <br />Deed of Trust and the Related Documents. <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Tractor 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, Trainor may (1) remain in possession and control of the Property; <br />(21 use, operate or manage the Property; and 131 collect the Rents from the Property. <br />Duty to Maintain. Tractor shall maintain the Property in good condition and promptly perform all repairs, replacements, and <br />maintenance necessary to preserve its value. <br />Compliance With Environmental Laws. Turner represents and warrants to Lender that: (11 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; (2) Truster has no knowledge of, or reason to believe <br />A <br />T <br />2 <br />D <br />C <br />ch <br />m <br />o <br />o m <br />N <br />an <br />N <br />Ce T <br />O <br />T z <br />¢ <br />O <br />O <br />N <br />o ro <br />N CAD <br />O Q' <br />N � <br />H <br />O 3 <br />W ep <br />v O <br />WHEN RECORDED MAIL T <br />Five Points Bank <br />'Your Hometown Bank' <br />2015 N. Broadwell <br />P.O. Box 1507 <br />Grand Island, NE 68802 -1507 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 $85,000.00 <br />THIS DEED OF TRUST is dated October 4, 2002, among TIMOTHY J GALVAN and JENNIFER A GALVAN; <br />HUSBAND AND WIFE ( "Trustor "); Five Points Bank, whose address is "Your Hometown Bank ", 2015 N. <br />Broadwell, P.O. Box 1507, Grand Island, NE 68802 -1507 (referred to below sometimes as "Lender" and <br />sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Box .1507, Grand Island, NE <br />68802 -1507 (referred to below as "Trustee "). <br />CONVEYANCE AND GRANT. For valuable consideration. Treater 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 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 />LOT ONE (1) GALVAN THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA <br />The Real Property or its address is commonly known as 571 E CAPITAL AVE, GRAND ISLAND, NE 68801 <br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all <br />future amounts Lender in its discretion may loan to Truster, together with all interest thereon; however, In no event shall such future <br />advances (excluding Interest) exceed in the aggregate $85,000.00. <br />Truster 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 D1 the Property and all Rents from the Property. In addition, Trader 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 IS GIVEN AND ACCEPTED ON THE <br />FOLLOWING TERMS: <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trader 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 Nate, this <br />Deed of Trust and the Related Documents. <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Tractor 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, Trainor may (1) remain in possession and control of the Property; <br />(21 use, operate or manage the Property; and 131 collect the Rents from the Property. <br />Duty to Maintain. Tractor shall maintain the Property in good condition and promptly perform all repairs, replacements, and <br />maintenance necessary to preserve its value. <br />Compliance With Environmental Laws. Turner represents and warrants to Lender that: (11 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; (2) Truster has no knowledge of, or reason to believe <br />