|
<br /> ;0 (') ~
<br /> m :I:
<br /> .."
<br /> c: m (I) ~
<br /> Z n ::I: (.::~ 0 (fJ
<br /> c:;:;::>
<br />n 7\ <:7> 0 -f
<br />::J: ~ 0 ~j; C l>
<br />m ~ c_ :z -f
<br /> =0
<br />n c.n z -f rtl
<br />'" ::r::: -< 0
<br /> 0 "
<br /> \,'\ "Tl en " z
<br /> 0 t1c. :r: rtl
<br /> V\ fTl t \J l> co
<br /> fTl ::3 r ::0
<br /> () 0 r l>
<br /> (fl C/l
<br /> N :;>0;:
<br /> l>
<br /> -L: -.-
<br /> 0 (fJ
<br /> C/)
<br /> 2006001.85
<br /> FOR RECORDER'S .uSE ONLY
<br />
<br />tv
<br />is
<br />is
<br />m
<br />S
<br />S
<br />.......
<br />(X)
<br />C..T1
<br />
<br />WHEN RECORDED MAIL TO:
<br />The State Bank of Lebo
<br />PO BOX 46
<br />Lebo. KS 66856
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $216.370.00.
<br />
<br />THIS DEED OF TRUST is dated December 31. 2005. among BRUCE G LUX. whose address is 4209 LARIAT
<br />PLACE. GRAND ISLAND. NE 68801 and PAMELA S LUX. whose address is 4209 LARIAT PLACE. GRAND
<br />ISLAND. NE 68801; HUSBAND AND WIFE ("Trustor"); The State Bank of Lebo. whose address is PO BOX 46.
<br />Lebo. KS 66856 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and (referred to
<br />below as "Trustee").
<br />
<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 />
<br />County. State of Nebraska:
<br />
<br />LOT 39. WESTERN HEIGHTS 3RD SUBDIVISION TO THE CITY OF GRAND ISLAND. HALL COUNTY.
<br />
<br />NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 4209 LARIAT PLACE. GRAND ISLAND. NE 68801.
<br />
<br />CROSS-COLLATERALlZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Trustor to Lender, or anyone or more of them, as well as all claims by Lender against Trustor or anyone or more of them.
<br />whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise,
<br />whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether
<br />recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable. If the Lender is required to give notice of the right to cancel
<br />under Truth in Lending in connection with any additional loans, extensions of credit and other liabilities or obligations of Trustor to Lender,
<br />then this Deed of Trust shall not secure additional loans or obligations unless and until such notice is given.
<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
<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 />
<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, 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 />
<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 />
<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 />
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />
<br />Q S1
<br />N fit
<br />c:::> i!
<br />c:::> a;-
<br />en
<br /> -
<br />~I
<br /> ~
<br />
<br />~c-
<br />.-J c-
<br />'wd
<br />
|