|
In n
<br />m
<br />m D 0 s rn 2 N tU
<br />.1 Cd r
<br />a
<br />qq o
<br />fT
<br />-71
<br />o S 3 v
<br />M
<br />(A C= ^
<br />rn o o
<br />WHEN RECORDED MAIL TO: w
<br />Minneapolis Loan Ops Center 200213 ; 9
<br />M Ann: Collateral Processing - Rep Ill
<br />N
<br />730 2nd Ave. South Suite 1000
<br />Minneaoolis. MN 554]9 FOR RECORDER'S USE ONLY
<br />�NI�RNRINR��I����I��NNIMN��Inn��I�NNhl��lll�a - _<
<br />00000000000000235
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $107,928.17.
<br />THIS DEED OF TRUST is dated December 5, 2002, among Timothy C. Plate, a single person, whose address is
<br />2608 Old Fair Road, Grand Island, NE 68803 ( "Trustor "): Wells Fargo Bank Nebraska, National Association,
<br />whose address is Grand Island -Main, 304 W 3rd St, Grand Island, NE 68801 (referred to below sometimes as
<br />"Lender" and sometimes as "Beneficiary"1; and Wells Fargo Financial National Bank, whose address is 1919
<br />Douglas Street, Omaha, NE 68102 (referred to below as "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 stock 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 />Lots B, C and D, in Jones Subdivision, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 501 -503 S Cedar, 509 -511 S Cedar & 409 -411 W
<br />Louise, Grand Island, NE 68801. The Real Property tax identification number is 400050552
<br />Trustor 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 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 become due, and shall strictly and In a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed 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 (t) 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 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: (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 />
|