|
<br /> "'.
<br /> ol:';:::)I C':l (/)
<br /> ~
<br /> ;lO n n '.\.... <::T:> 0 -1
<br /> m ::J: > C l>
<br /> "Tl ~ c..... Z -.i
<br /> C m en ::u c:::: -i Pl
<br />N Z n ::I: rl'"! 'r-. Z -<
<br />iSl n ,.;: Q 0
<br />s ::I: n i.J O"'{ W 0 """'1
<br />en > ~ C) -.,
<br />s m ...,.., d z
<br />(,)"J n CI'I CJ ::l.: r.,
<br />0:> ~ ::t: n1 ~\i -0 l> CD
<br /><.n f1l ::3 r ::0
<br />iSl c:J I :r>
<br /> Ul ~ ~ (f)
<br /> r'0 ^
<br /> l>
<br /> c:> ..................
<br /> (..,) (rl
<br /> (fl
<br />
<br />
<br />
<br />-- Gfd~\
<br />
<br />WHEN RECORDED MAIL-/o:
<br />Shelter Financial Bank
<br />1 B 17 West Broedway
<br />Columbia. MO 65218
<br />
<br />200605850
<br />
<br />C) fTl
<br />::3
<br />Netr
<br />~a
<br />mar
<br />~~
<br />
<br />U13
<br />C)a
<br />~
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />~,
<br />-~
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $10,000.00.
<br />
<br />THIS DEED OF TRUST is dated June 22, 2006, among Raymond L Klein; a single person ("Trustor"); Shelter
<br />Financial Bank, whose address is 1817 West Broadway, Columbia, MO 65218 (referred to below sometimes
<br />as "Lender" and sometimes as "Beneficiary"); and Britt Clements, whose address is 1817 West Broadway.
<br />Columbia, MO 65218 (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 ..II mineial&. oil, gas, gaotnermal and similar matters, (the "Real Property") located in Hall
<br />
<br />County, State of Nebraska:
<br />
<br />Lot Three (3), Ross Heights Subdivision, City of Grand Island, Hall County, Nebraska.
<br />
<br />Subject to a Deed of Trust in Favor of Central National Bank in the amount of $77,000.00, dated July 30,
<br />
<br />2004, and recorded as Instrument No. 0200407560 in Hall County, Nebraska.
<br />
<br />The Real Property or its address is commonly known as 4181 Arizona Ave, Grand Island, NE 68803.
<br />
<br />REVOL VING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including. without limitation, a revolving line of credit, which
<br />obligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the Credit Agreement. Such advances may
<br />be made. repaid, and remade from time to time, subject to tha limitation that the total outstanding balance owing at anyone time. not
<br />including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporery overages.
<br />other charges, and any amounts expended or advanced as provided in either the Indebtedness paragraph or this paragraph. shall not
<br />exceed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the
<br />balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in the Credit Agreement
<br />and any intermediate balance.
<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 EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT. THE RELATED DOCUMENTS. AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE 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 Credit
<br />Agreement, this 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 />
|