<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank RL"\ t'YV'II.'IG.:;:~1.v1
<br />West Branch - .. I
<br />2009 N. Diers AVe.
<br />Grand Island. NE 68803
<br />
<br /> ;;0 0 0 ~
<br /> m :I: )> c:::::. 0(1)
<br /> .." c:::. .Q rn
<br /> c m (fl " c..n o ~
<br /> Z n :I: Z c: l:- r'\,)=:J
<br />n ;li; ~f z~ aOl'
<br />~ 0 <::::;) -I1Tl
<br />'J: rt1 i-- c.=:
<br />m en o - -<0 [
<br />() (t) 0 ....... 0""" a
<br />A :c ...,., -L: -"z G;-
<br /> r en
<br /> 0 :::t: Pl
<br /> rt1 -u ~ co ....... 3"
<br /> 0 rt1 :3 r- :::0
<br /> 0 r~ .......... g
<br /> '" ....... U>
<br /> N ;:><; ..........
<br /> l:- co ~
<br /> c..) '-'" '-'"
<br /> -...J en c:o ;:a.
<br /> en
<br /> :2
<br /> 200511188 0
<br /> FOR RECORDER'S USE ONLY
<br />
<br />I'V
<br />IS
<br />IS
<br />0'1
<br />~
<br />~
<br />~
<br />00
<br />00
<br />
<br />..yo s
<br />' C)
<br />
<br />THIS DEED OF TRUST is dated November 4, 2005, among ROBERT F STOLTENBERG and MARY JANE
<br />STOLTENBERG; Husband and Wife ("Trustor"); Five Points Bank, whose address is West Branch, 2009 N.
<br />Diers Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802-1507
<br />(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 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, including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL County, State of
<br />Nebraska:
<br />
<br />DEED OF TRUST
<br />
<br />Lot Four (4), Block Four (4), Brentwood Subdivision, City of Grand Island, Hall County, Nebraska.
<br />
<br />The Real Property or its address is commonly known as 3016 BRENTWOOD PL, GRAND ISLAND, NE
<br />
<br />68801-7223.
<br />
<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 present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />
<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 />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Truster shell 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 Trustor's obligations under the Note, this Deed of Trust,
<br />and the Related Documents.
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />
<br />Compliance With Environmental laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of
<br />the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
<br />Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has been,
<br />except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or
<br />from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigation or claims of any kind by any
<br />person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor
<br />any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any
<br />Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with all applicable
<br />federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and
<br />
|