|
NEBRASKA DEED OF TRUST — LINE OF CREDIT
<br />(With Power of Sale)
<br />'I H IS DEED OF TRUST, made this 16 day of November 2002 ,between
<br />Richard Faris, And Angola R Ferias
<br />Husband And W ife , whose mailing address is 310 E 20th St, q
<br />Grand Island NE 68801 , as Trusters, d
<br />whose mailing address is , as Tmstec, end Wells Fargo Financial Bank,
<br />whose mailing address is 3201 North 4th Avenue, Sioux Falls, SD 57104, as Beneficiary,
<br />WITNESSETH, Trusters hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following
<br />described property in Hall County, Nebraska:
<br />The Easterly Nineteen Feet (19') of Lot Nineteen (19) and the Westerly Forty Five Feet (45) of Lot Twenty (20) in Block Two (2)
<br />Knickrchm Addition to the City of Grand Island, Hall County, Nebraska.
<br />Together with tenements, heruditaments, and appurtenances thereunto belonging or in unywisc appertaining and the rents, issues
<br />and profits thereof.
<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of initial and future advances to Tmstor's under
<br />a Credit Card Account Agreement ( "Agreement ") in an amount of principal not to exceed $200,000.00 outstanding at any one time, plus
<br />interest on the principal outstanding from time to time at the rates from time to time provided for thereunder. Payment may be made in
<br />advance in any amount at any time. Default in making any payment shall, at the Beneficiary's option and without notice or diamond,
<br />render the entire unpaid balance of said loan at once due and payable, less any required rebate of chargcs.
<br />To protect the security ofthis Deed of Trust, Tremor covenants and agrees:
<br />L To keep the property in good condition and repair; to permit no waste thereof; to complete any building, structure or
<br />improvement being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be
<br />damaged or destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions and rcstncticas affecting the
<br />property.
<br />2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and Clear of all other
<br />chargcs, liens or encumbrances impairing the security of this Deed of Trust.
<br />3. To keep all buildings now or hereafter erected on the property described herem continuously insured against loss by fire orother
<br />hazards in an amount not less than the total debt secured by this Deed ofDart. All policies shall be held by die Beneficiary, and be in
<br />such companies as the Benefit ary may approve and have loss payable first to the Beneficiary us its interest may appear and then to the
<br />Treanor. The amount collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as the
<br />Beneficiary shall determine. Such application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this
<br />Decd of Trust or cure or waive any default or notice of default or invalidate any act done pursuant to such notice. In the event of
<br />foreclosure, all rights of theTms c r in insurance policies then in force shall pass to the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transferring the property or any part thereof
<br />and any such sale, conveyance or transfer without the Beneficiary's written consent shall constitute a default under the terms hereof.
<br />5. '1 o defend any action or proceeding purporting to affect the security hereafer the rights or powers of Beneficiary or Trustee.
<br />6. Should Trtustor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against
<br />the property hereinabove described, Beneficiary may pay the same, and the amount so paid, with interest at the rate act forth in the note
<br />secured hereby, shall be added to and became a part offl a debt secured in this Deed of] met as permitted by law.
<br />IT IS MUTUALLY AGREED THAT
<br />I. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award or
<br />such portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to said
<br />obligation.
<br />1 By accepting payment of any sum secured hereby after is due date, Beneficiary does not waive its right ro require prompt
<br />payment when due of ull other sums so secured or to declare default for failure to so pay.
<br />1 The Tmstec shall reconvcy ell or any part of the property covered by this Decd of Tmet to the person entitled thereto, on
<br />written request of the Truster and the Beneficiary, o upon satisfaction of the obligation secured and written request for reconveyance
<br />made by the Beneficiary or the person entitled thereto.
<br />NE yon(ANLWaOIDe o b,—ey IA) PAGE 1 OF 2
<br />A
<br />r
<br />2
<br />D
<br />y
<br />C
<br />n
<br />o
<br />r0
<br />"i
<br />T.
<br />C
<br />till
<br />U
<br />N
<br />O ti
<br />W ti
<br />m
<br />=�
<br />_
<br />eR
<br />hi
<br />v±
<br />on
<br />5p
<br />A
<br />cam—,
<br />mo
<br />t�
<br />n
<br />c
<br />m
<br />T1
<br />oG
<br />N
<br />On T
<br />O
<br />=
<br />\
<br />J
<br />Na
<br />b�
<br />}
<br />v
<br />3
<br />1-- n
<br />w
<br />4W
<br />�ER
<br />ER
<br />0
<br />NEBRASKA DEED OF TRUST — LINE OF CREDIT
<br />(With Power of Sale)
<br />'I H IS DEED OF TRUST, made this 16 day of November 2002 ,between
<br />Richard Faris, And Angola R Ferias
<br />Husband And W ife , whose mailing address is 310 E 20th St, q
<br />Grand Island NE 68801 , as Trusters, d
<br />whose mailing address is , as Tmstec, end Wells Fargo Financial Bank,
<br />whose mailing address is 3201 North 4th Avenue, Sioux Falls, SD 57104, as Beneficiary,
<br />WITNESSETH, Trusters hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following
<br />described property in Hall County, Nebraska:
<br />The Easterly Nineteen Feet (19') of Lot Nineteen (19) and the Westerly Forty Five Feet (45) of Lot Twenty (20) in Block Two (2)
<br />Knickrchm Addition to the City of Grand Island, Hall County, Nebraska.
<br />Together with tenements, heruditaments, and appurtenances thereunto belonging or in unywisc appertaining and the rents, issues
<br />and profits thereof.
<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of initial and future advances to Tmstor's under
<br />a Credit Card Account Agreement ( "Agreement ") in an amount of principal not to exceed $200,000.00 outstanding at any one time, plus
<br />interest on the principal outstanding from time to time at the rates from time to time provided for thereunder. Payment may be made in
<br />advance in any amount at any time. Default in making any payment shall, at the Beneficiary's option and without notice or diamond,
<br />render the entire unpaid balance of said loan at once due and payable, less any required rebate of chargcs.
<br />To protect the security ofthis Deed of Trust, Tremor covenants and agrees:
<br />L To keep the property in good condition and repair; to permit no waste thereof; to complete any building, structure or
<br />improvement being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be
<br />damaged or destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions and rcstncticas affecting the
<br />property.
<br />2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and Clear of all other
<br />chargcs, liens or encumbrances impairing the security of this Deed of Trust.
<br />3. To keep all buildings now or hereafter erected on the property described herem continuously insured against loss by fire orother
<br />hazards in an amount not less than the total debt secured by this Deed ofDart. All policies shall be held by die Beneficiary, and be in
<br />such companies as the Benefit ary may approve and have loss payable first to the Beneficiary us its interest may appear and then to the
<br />Treanor. The amount collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as the
<br />Beneficiary shall determine. Such application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this
<br />Decd of Trust or cure or waive any default or notice of default or invalidate any act done pursuant to such notice. In the event of
<br />foreclosure, all rights of theTms c r in insurance policies then in force shall pass to the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transferring the property or any part thereof
<br />and any such sale, conveyance or transfer without the Beneficiary's written consent shall constitute a default under the terms hereof.
<br />5. '1 o defend any action or proceeding purporting to affect the security hereafer the rights or powers of Beneficiary or Trustee.
<br />6. Should Trtustor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against
<br />the property hereinabove described, Beneficiary may pay the same, and the amount so paid, with interest at the rate act forth in the note
<br />secured hereby, shall be added to and became a part offl a debt secured in this Deed of] met as permitted by law.
<br />IT IS MUTUALLY AGREED THAT
<br />I. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award or
<br />such portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to said
<br />obligation.
<br />1 By accepting payment of any sum secured hereby after is due date, Beneficiary does not waive its right ro require prompt
<br />payment when due of ull other sums so secured or to declare default for failure to so pay.
<br />1 The Tmstec shall reconvcy ell or any part of the property covered by this Decd of Tmet to the person entitled thereto, on
<br />written request of the Truster and the Beneficiary, o upon satisfaction of the obligation secured and written request for reconveyance
<br />made by the Beneficiary or the person entitled thereto.
<br />NE yon(ANLWaOIDe o b,—ey IA) PAGE 1 OF 2
<br />
|