|
<br />
<br /> ....&!........~ "'~ ~f
<br /> =:> (") (j)
<br /> rn en c:::>
<br /> n:c ~.~ en 0 ....-l
<br />n ~ ::3 c: l>
<br />~ :z ....-l
<br />:t: = -l f'T1
<br />m -c
<br />n c.n <;") ("- -< 0 a(t
<br />~ ::I: o<:..~ ~ 0 ....,
<br /> ...., c.D .." ~ en
<br /> t -
<br /> 0 I rq ~I
<br /> \Y f'"t1 ::0 )> CD
<br /> !'T\ ::::3 r ;;0
<br /> 0 r l>
<br /> (/l ~ (j)
<br /> D ='"
<br /> ,-' l>
<br /> .{ N -...............
<br /> J
<br /> t f'\,) en """'Z
<br /> en
<br /> 0
<br />
<br />
<br />
<br />N
<br />S
<br />CS>
<br />m
<br />is
<br />.J:::.
<br />.J:>.
<br />N
<br />~
<br />
<br />
<br />-- CK~~'~~h
<br />
<br />WHEN RECORDED MAiZ TO:
<br />Five Points Bank
<br />"Your Hometown Bank"
<br />2015 N. Broadwell
<br />P.O. Box 1507
<br />Grand Island. NE 68802-1507
<br />
<br />200604421
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />~
<br />o
<br />~
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $224,500.00.
<br />
<br />THIS DEED OF TRUST is dated May 5, 2006, among HAROLD D LAUTENSCHLAGER and RUTH M
<br />LAUTENSCHLAGER; HUSBAND AND WIFE ("Trustor"); Five Points Bank, whose address is "Your Hometown
<br />Bank", 2015 N. Broadwell, P.O. Box 1507, Grand Island, NE 68802-1507 (referred to below sometimes as
<br />"Lender" and sometimes as "Beneficiary"); and Five Points Bank, whose address is P.O Box 1507, Grand
<br />Island, NE 68802-1507 (referred to below as "Trustee").
<br />
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Truste!! 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 wate", watel-
<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 County, State of Nebraska:
<br />
<br />LOT THREE (3), BLOCK THREE (3), SUMMERFIELD ESTATES FIRST SUBDIVISION, TO THE CITY OF
<br />GRANDISLAND,HALLCOUNTY,NEBRASKA.
<br />
<br />The Real Property or its address is commonly known as 3936 MEADOW WAY TRAIL, GRAND ISLAND, NE
<br />68801-7501.
<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 $224,500.00,
<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 ali
<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 good 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 />
|