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200603471
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200603471
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Last modified
4/19/2006 3:33:33 PM
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4/19/2006 3:33:32 PM
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DEEDS
Inst Number
200603471
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<br />WHEN RECORDED MAil TO: <br />Five Points Bank <br />North Branch <br />2015 North Broadwell <br />Grand Island. NE 68803 <br /> <br /> ;lO n n <br /> m ::r: l;; <br /> '"" rn f"'oJ 'fl1 <br /> C n :::t <::.:I O(fJ <br /> ....:"1.. ~ C):::J <br />(") .d-. ;:1\; ""- O? o -i ...10 <br />n l.;'~ '>-~ c:>- ~fl <br />:r.: ,. r, :D ;z-i <br />1"1"1 :t-~ O~ -'0 <br /> ;n ~ -1m <br />() C"" f"') -\-. :::0 -<0 <br />~-'" :1:: ~<~- C)~ <br /> I-' 0"'" <br /> "T1 <.0 ""'z <br /> ~ OJ _ <br /> 0 :::c m C)::J <br /> fT1 ::0 1>> r:u <br /> fT1 t ::3 . ;;0 .wg <br /> 0 .> <br /> U? ~ (f) <br /> ..... ;:><; ...r:::. ~ <br /> >- -.1 <br /> -::: ........- <br /> ..... c.n ~ ... <br /> c.n 2 <br /> 0 <br /> 200603471 <br /> <br />tv <br />S <br />S <br />Ci.l <br />S <br />W <br />~ <br />--.,J <br />...... <br /> <br />FOR RECORDER'S USE ONLY <br /> <br />DEED OF TRUST <br /> <br />~ <br /> <br />- 0- <br />C <br /> <br />> <br />~ <br />::z <br />~ <br />> <br />C') <br />"" <br />-I <br />=i <br />r- <br />!'TI <br />en <br />"., <br />::c:J <br />== <br />("") <br />rn <br />en <br /> <br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $100,000.00. <br /> <br />THIS DEED OF TRUST is dated April 12, 2006, among KEITH A KELLEY and CHRISTIE A KelLEY; HUSBAND <br /> <br />AND WIFE ("Trustor"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island, <br />NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points Bank, <br />whose address is P.O Box 1507, Grand Island, NE 68802-1507 (referred to 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 />County, State of Nebraska: <br /> <br />lOT THREE (3) AND THE EASTERLY FIFTY-TWO FEET AND ELEVEN INCHES (52'11") OF LOT FOUR (4) <br />IN BLOCK ONE HUNDRED NINE (109) OF RAILROAD ADDTION TO THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA <br /> <br />The Real Property or its address is commonly known as 321 N EDDY ST, GRAND ISLAND, NE 68801. The <br />Real Property tax identification number is 400081318. <br /> <br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by lender to Trustor whether or not the <br />advances are made pursuant to a commitment. Specifically. without limitation, this Deed of Trust secures, in addition to the amounts <br />specified in the Note, all future amounts Lender in its discretion may loan to Trustor. together with all interest thereon; however, in no <br />event shall such future advances (excluding interest) exceed in the aggregate $100,000.00. <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 IA) PAYMENT OF THE INDEBTEDNESS AND IB) 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 />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership <br />of the Property. there has been no use, generation, manufacture, storage. treatment, disposal, release or threatened release of any <br />
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