|
<br /> ;0 ~~\2 ,-....:. og'
<br /> m
<br /> fl "'1'1 0==> (") (f)
<br /> c::>
<br /> c:: () ~~. ~ <:.1"'1 O-i or
<br /> -iP" ..... c::: l>
<br /> - ('\ .I... "'-: C::J :z:-l ~r!
<br /> . ~ tI ~~'
<br /> ~ :r.: rr1 ......rn
<br /> VI C":I
<br />N m -<0 of];'
<br />f') C,..,
<br />G '" ::I: \}.\ N 0""'"
<br />C5l ~ CJ ..." 0 ""'z U13'
<br />U'I 0 ~ ::::c fT1
<br />....... ~~
<br />N U\ fT1 t -0 :r>ro
<br />..(:::0. fT1 ::3 ,;0
<br /> \) 0 , :r>
<br />....... !I (f) (f) ~i
<br />U'I N :::00:
<br /> 1>
<br /> a ~,,~
<br /> 0 (IJ 01 :2':
<br /> C1'l 0
<br />
<br />
<br />
<br />DEED OF TRUST
<br />
<br />0.
<br />.5", So
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is December 19, 2005. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />M sa. DESIGNS, INC.
<br />A Nebraska Corporation
<br />211 W 3rd St
<br />Grand Island, Nebraska 68801
<br />
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848-0430
<br />
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />810 Allen Drive
<br />Grand Island, Nebraska 68803
<br />TIN: 47-0343902
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />
<br />The Westerly Twenty Two (22) Feet of Lot Seven (7), in Block Fifty Eight (58), in the Original Town, now City
<br />of Grand Island, Hall County, Nebraska
<br />
<br />The property is located in Hall County at 412 W 3rd St, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $80,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 306076-100, dated December 19, 2005, from M
<br />Sq. Designs, Inc., Michael D Meents and Lino A Mendez (Borrower) to Lender, with a loan amount of
<br />$80,000.00.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or
<br />other lien document that created a prior security interest or encumbrance on the Property, Grantor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to Lender any notices that Grantor receives from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under any note or
<br />agreement secured by the lien document without Lender's prior written consent.
<br />
<br />M Sq. Designs, Inc.
<br />Nebraska Deed Of Trust
<br />NE/4XX2833300081 51 00004558017121905Y
<br />
<br />@1996 Bankers Systems, Inc., St. Cloud. MN ~
<br />
<br />Initials
<br />Page 1
<br />
|