200505785 - Laserfiche WebLink

Browse

NEBRASKA DEED OF TRUST — LINE OF CREDIT (With Power of Sale) THIS DEED OF TRUST, made this 1 day of JUNE, 2005, between JOHN J RICE, JR. and SHERI L RICE, HUSBAND AND WIFE. AS JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP. AND NOT AS TENANTS IN COMMON, whose mailing address is 3424 SCHROEDER AVE, GRAND ISLAND, NE 688036529, as Trustors, FIRST AMERICAN TITLE INSURANCE CO. whose mailing address is PO BOX 267,114 E 5TH STREET, SANTA ANA, CA 92702, as Trustee, and Wells Fargo Financial Bank, whose mailing address is 3201 North 4th Avenue, Sioux Falls, SD 57104, as Beneficiary, WITNESSETH, Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following described property in HALL County, Nebraska: LOT THREE (3), IN BLOCK ONE (1), IN WESTROADS ESTATES SUBDIVISION, HALL COUNTY, NEBRASKA. Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and profits thereof. This conveyance is intended for the purpose of securing the payment to Beneficiary of initial and future advances to Trustors' under a Credit Card Account Agreement ( "Agreement ") in the amount of $10,000.00 not to exceed $20,000.00 outstanding at any one time, plus interest on the principal outstanding from time to time at the rates from time to time provided for thereunder. Payment may be made in advance in any amount at any time. Default in making any payment shall, at the Beneficiary's option and without notice or demand, render the entire unpaid balance of said loan at once due and payable, less any required rebate of charges. To protect the security of this Deed of Trust, Trustor covenants and agrees: 1. To keep the property in good condition and repair; to permit no waste thereof; to complete any building, structure or improvement being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be damaged or destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the property. 2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all other charges, liens or encumbrances impairing the security of this Deed of Trust. 3. To keep all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other hazards in an amount not less than the total debt secured by this Deed of Trust. All policies shall be held by the Beneficiary, and be in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then to the Trustor. The amount collected under any insurance policy may be NE-0979NOWLINE -1203 (also used by IA) (ROC) Page 1 of 3 200505'785 r' a m CA a n s Z M n Cry �1 r-T I �- :�� a CA ,, rl 3 T1 r C n ry l� . r 1 3. r.zr C:3 Cn LE purr �� CID - — (r) Cn f"1` Prepared by: Wells Fargo Financial Bank, 3201 N. 4th Ave., Sioux Falls, SD 57104 U' Z Return to: Wells Fargo Financial Bank, 3201 N. 4th Ave., Sioux Falls, SD 57104 NEBRASKA DEED OF TRUST — LINE OF CREDIT (With Power of Sale) THIS DEED OF TRUST, made this 1 day of JUNE, 2005, between JOHN J RICE, JR. and SHERI L RICE, HUSBAND AND WIFE. AS JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP. AND NOT AS TENANTS IN COMMON, whose mailing address is 3424 SCHROEDER AVE, GRAND ISLAND, NE 688036529, as Trustors, FIRST AMERICAN TITLE INSURANCE CO. whose mailing address is PO BOX 267,114 E 5TH STREET, SANTA ANA, CA 92702, as Trustee, and Wells Fargo Financial Bank, whose mailing address is 3201 North 4th Avenue, Sioux Falls, SD 57104, as Beneficiary, WITNESSETH, Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following described property in HALL County, Nebraska: LOT THREE (3), IN BLOCK ONE (1), IN WESTROADS ESTATES SUBDIVISION, HALL COUNTY, NEBRASKA. Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and profits thereof. This conveyance is intended for the purpose of securing the payment to Beneficiary of initial and future advances to Trustors' under a Credit Card Account Agreement ( "Agreement ") in the amount of $10,000.00 not to exceed $20,000.00 outstanding at any one time, plus interest on the principal outstanding from time to time at the rates from time to time provided for thereunder. Payment may be made in advance in any amount at any time. Default in making any payment shall, at the Beneficiary's option and without notice or demand, render the entire unpaid balance of said loan at once due and payable, less any required rebate of charges. To protect the security of this Deed of Trust, Trustor covenants and agrees: 1. To keep the property in good condition and repair; to permit no waste thereof; to complete any building, structure or improvement being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be damaged or destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the property. 2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all other charges, liens or encumbrances impairing the security of this Deed of Trust. 3. To keep all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other hazards in an amount not less than the total debt secured by this Deed of Trust. All policies shall be held by the Beneficiary, and be in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then to the Trustor. The amount collected under any insurance policy may be NE-0979NOWLINE -1203 (also used by IA) (ROC) Page 1 of 3