|
IV ■. =
<br />0
<br />4�- �ww
<br />00�
<br />Cif
<br />ter_
<br />w�
<br />X
<br />rrs
<br />c
<br />z
<br />V
<br />n >
<br />0
<br />n
<br />=
<br />Y
<br />rn
<br />cn
<br />,
<br />rri
<br />n
<br />=
<br />-,
<br /><-, U7
<br />c:3
<br />CD
<br />G "J'_.•
<br />C7
<br />Y�
<br />cri
<br />rT1
<br />rn
<br />r- 73
<br />(min
<br />C,3
<br />rjp
<br />r�7}
<br />F-'
<br />CC)
<br />2
<br />u
<br />WHEN RECORDED MAIL TO:
<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 $14,000.00.
<br />THIS DEED OF TRUST is dated May 13, 2005, among ELPIDIA S ZAVALA, A SINGLE PERSON ( "Trustor ");
<br />Five Points Bank, whose address is "Your Hometown Bank ", 2015 N. Broadwell, P.O. Box 1507, Grand Island,
<br />NE 68802 -1507 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points
<br />Bank, whose address is P.O Box 1507, Grand Island, NE 68802 -1507 (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 />Fractional Lot Two (2) in Fractional Block One Hundred Thirty -Two (132), Union Pacific Railway Company
<br />Second Addition to the City of Grand Island and its complements, Fractional Lot Two (2) in Fractional Block
<br />Five (5), Voitle's Addition to the City of Grand Island, and Fractional Lot Two (2) in Fractional Block Eight
<br />(8) in Russel Wheeler's Addition to the City of Grand Island, Hall County, Nebraska. Excepting a certain
<br />tract thereform as recorded in Warranty Deed in Book 83, Page 623 in the Register of Deeds Office.
<br />The Real Property or its address is commonly known as 515 E 9TH ST , GRAND ISLAND , NE 68801 -3911.
<br />The Real Property tax identification number is 400097257
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor whether or not the
<br />advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon; however, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate $14,000.00.
<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 (1) 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 />
|