|
<br /> ~)j~r} :10 n ~
<br /> m :r I""V
<br /> ." oi.,::;:;-.;,:) a (/) ~
<br /> ~ b '\ c: m c.n (':..~ 0
<br /> nn6 () :J: ~~ ~ O---i
<br /> ~j ~ ~ ~ ~ r- c::t> N
<br /> " ~ ~ ~>~ ::0 ~, =0 :z~ f!
<br />N I"l1 d... z: -1'" 0
<br />S> ~~.~ .~ nc.n <0; c;. ("- -<0
<br />\Sl ;IC;:I: N 0"'" C> or
<br />CJ) o-"t=
<br />\Sl .." 0 ""'z
<br />t\. ~ X ~ ~ tl 0')
<br />IS 0 ::t:: fT1 3"
<br />01 . 'll
<br />~ L ....... ~ I"l1 ~J ::0 l>Ul C>
<br />-...J "':I~~ I"l1 :3 r ::u I
<br />01 -f\- 0 0 r>- C)
<br /> i\I ~ ~ (/) I-' (fl
<br /> I ~ f--' ^ CJ1
<br /> ~ ~, >- -..J
<br /> ~ N ..................
<br /> ..J.) "" <=> (j) en
<br /> tJ "f 200600575'"/' (fJ 2
<br /> 1\1 ~ 0
<br /> Space Above This Line For Recording Data
<br /> ~. 3 /. cro
<br /> '\ DEED OF TRUST
<br /> (With Future Advance Clause)
<br />
<br />
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is January 18, 2006. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />DARICK D BARNHART
<br />An unmarried individual
<br />2404 W Lincoln Hwy
<br />Grand Island, Nebraska 68803
<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 />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 />Lots Four (4) and Five (5), in Block Forty-Four (44), Packer & Barr's Second Addition to the City of Grand
<br />Island, Hall County, Nebraska, together with the complement to said Lot Four (4), being a tract of land 8.9 feet
<br />wide by 120 feet long lying immediately south of and adjacent to the south line of said Lot Four (4), Block
<br />Forty-four (44), Packer & Barr's Second Addition. Said complement also known as Lot Ten (10), Block Forty-
<br />Four (44) Packer & Barr's Annex, together with the half of vacated Clarence Street lying north of and adjacent
<br />to the north line of Lot Five (5), Block Forty-four (44), Packer & Barr's second addition, said sstreet having been
<br />vacated by Ordinance No. 5005, excepting therefrom the alley reserved in said Ordinance No. 5005.
<br />
<br />The property is located in Hall County at 2404 W Lincoln Hwy, Grand Island, Nebraska 68803.
<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 $150,000.00. 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. 292944-600, dated January 18, 2006, from
<br />Darick's Paint & Body, Inc. (Borrower) to Lender, with a maximum credit limit of $150,000.00. One or more
<br />of the debts secured by this Security Instrument contains a future advance provision.
<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 />
<br />Oarick's Paint & Body, Inc.
<br />Nebraska Deed Of Trust
<br />NE/4XX28344000815100004558015011806Y
<br />
<br />@1996 Bankers Systems, Inc.. St. Cloud, MN ~
<br />
<br />Initials
<br />Page 1
<br />
|