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<br />WHEN RECORDED MAIL TO: U
<br />Flee Points Bank
<br />GJ On N
<br />West Branch On
<br />2009 N. Clark Ave.
<br />0 I I d NE 68803 FOR RECORDER'S USE ONLY
<br />CONSTRUCTION DEED OF TRUST
<br />THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br />WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $160,000.00.
<br />THIS DEED OF TRUST is dated December 18, 2002, among LESLEE L BRUNK and DOUGLAS L BRUNK,
<br />Wife and Husband ("Trustor"); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand
<br />Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five
<br />Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"Trustee").
<br />CONVEYANCE AND GRANT. Far 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 statements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property includingq
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall County, State Ot
<br />Nebraska:
<br />See EXHIBIT "A ", which is attached to this Deed of Trust and made a part of this Deed of Trust as if
<br />fully set forth herein.
<br />The Real Properly or its address is commonly known as 1009 E Stolley Park Road, Grand Island, NE
<br />68801.
<br />FUTURE ADVANCES. Specifically, without limitation, this Dead of Trust secures, in addition to the amounts specified In the Note, all future
<br />amounts Lender in Its discretion may loan to Truster, together with all interest thereon; however, in no event shall such future advances (excluding
<br />interest) exceed in the aggregate $169,000.00.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trusters right. ttle, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a uniform Commercial Code security
<br />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 this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Truster 'a obligations under the Note, this Dead of Trust,
<br />and the Related Documents.
<br />CONSTRUCTION MORTGAGE. This Deed of Trust is a "construction mortgage" for the purposes of Sections 9-330 and 2A409 of the Uniform
<br />Commercial Cade, as these sections have been adopted by the State of Nebraska.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truator agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Thurston may (1) remain in possession and control of the Property; (2(
<br />use, operate or manage the Property; and (3) collect the Rents tram the Property.
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<br />WHEN RECORDED MAIL TO: U
<br />Flee Points Bank
<br />GJ On N
<br />West Branch On
<br />2009 N. Clark Ave.
<br />0 I I d NE 68803 FOR RECORDER'S USE ONLY
<br />CONSTRUCTION DEED OF TRUST
<br />THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br />WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $160,000.00.
<br />THIS DEED OF TRUST is dated December 18, 2002, among LESLEE L BRUNK and DOUGLAS L BRUNK,
<br />Wife and Husband ("Trustor"); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand
<br />Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five
<br />Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"Trustee").
<br />CONVEYANCE AND GRANT. Far 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 statements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property includingq
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall County, State Ot
<br />Nebraska:
<br />See EXHIBIT "A ", which is attached to this Deed of Trust and made a part of this Deed of Trust as if
<br />fully set forth herein.
<br />The Real Properly or its address is commonly known as 1009 E Stolley Park Road, Grand Island, NE
<br />68801.
<br />FUTURE ADVANCES. Specifically, without limitation, this Dead of Trust secures, in addition to the amounts specified In the Note, all future
<br />amounts Lender in Its discretion may loan to Truster, together with all interest thereon; however, in no event shall such future advances (excluding
<br />interest) exceed in the aggregate $169,000.00.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trusters right. ttle, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a uniform Commercial Code security
<br />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 this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Truster 'a obligations under the Note, this Dead of Trust,
<br />and the Related Documents.
<br />CONSTRUCTION MORTGAGE. This Deed of Trust is a "construction mortgage" for the purposes of Sections 9-330 and 2A409 of the Uniform
<br />Commercial Cade, as these sections have been adopted by the State of Nebraska.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truator agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Thurston may (1) remain in possession and control of the Property; (2(
<br />use, operate or manage the Property; and (3) collect the Rents tram the Property.
<br />
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