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<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $73,355.00.
<br />_A
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<br />THIS DEED OF TRUST is dated December 18, 2002, among GARY D MCSHANNON and VENUS B
<br />MCSHANNON; Husband and Wife ( "Tricolor'): Five Points Bank, whose address is West Branch, 2009 N. Diers
<br />Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender' and sometimes as "Beneficiary ");
<br />and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable considerathen, Truster conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor 'a right, title, and interest in and to the following described real property, together With all existing or
<br />subsequently erectad 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 real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") locate in HALL
<br />County, State of Nebraska:
<br />Lot Two (2) in Martin Subdivision, City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 652 MARTIN AVE, GRAND ISLAND, NE
<br />68801 -7808. The Real Property tax identification number is 400060841
<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 />aJvstces (excluding interest) exceed in the aggregate $73,355.00.
<br />Truster presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Travesty 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, Tmster shall pay to Lender all amounts secured by
<br />this Dead of Trust es they become due, and shall strictly and in a timely manner perform all of buster's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trader, agrees that Trustor 'a possession and use of the Property shall he
<br />governed by the following provisions:
<br />Possession and Use. Until the opeurroned of an Event of Default, Truster may 111 m ain In possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Proparty.
<br />Duty to Maintain. Trustor 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. Trustor represents and warrants to Lender that: (1) During the period of Truster 'a 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) Trustor has no knowledge ef, or reason to helieve
<br />that there has suer, except as previously disclosed to and acknowledged by Lender In writing, (a) any breach or violation of any
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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
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<br />West Branch
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<br />2009 N. Diers Ave.
<br />FOR RECORDER'S
<br />USE ONLY
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<br />G tl I tl NE 88803
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $73,355.00.
<br />_A
<br />C'
<br />THIS DEED OF TRUST is dated December 18, 2002, among GARY D MCSHANNON and VENUS B
<br />MCSHANNON; Husband and Wife ( "Tricolor'): Five Points Bank, whose address is West Branch, 2009 N. Diers
<br />Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender' and sometimes as "Beneficiary ");
<br />and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable considerathen, Truster conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor 'a right, title, and interest in and to the following described real property, together With all existing or
<br />subsequently erectad 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 real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") locate in HALL
<br />County, State of Nebraska:
<br />Lot Two (2) in Martin Subdivision, City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 652 MARTIN AVE, GRAND ISLAND, NE
<br />68801 -7808. The Real Property tax identification number is 400060841
<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 />aJvstces (excluding interest) exceed in the aggregate $73,355.00.
<br />Truster presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Travesty 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, Tmster shall pay to Lender all amounts secured by
<br />this Dead of Trust es they become due, and shall strictly and in a timely manner perform all of buster's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trader, agrees that Trustor 'a possession and use of the Property shall he
<br />governed by the following provisions:
<br />Possession and Use. Until the opeurroned of an Event of Default, Truster may 111 m ain In possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Proparty.
<br />Duty to Maintain. Trustor 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. Trustor represents and warrants to Lender that: (1) During the period of Truster 'a 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) Trustor has no knowledge ef, or reason to helieve
<br />that there has suer, except as previously disclosed to and acknowledged by Lender In writing, (a) any breach or violation of any
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