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200606051
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Last modified
7/7/2006 4:25:22 PM
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7/7/2006 4:25:21 PM
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DEEDS
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200606051
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<br />Q~ <br />m en <br />0:1: <br />;;l'l; <br /> <br />;0 <br />m <br />4f'I <br />c: <br />n Z <br />~~~ <br />n -. <br />~:I: <br /> <br /> <br />I\,) <br />s <br />s <br />(j) <br />s <br />(j) <br />s <br />O'l <br />.... <br /> <br /> <br /> <br />~ <br />::tl~ <br />f'TT <br /> <br />~- <br /> <br />"'Tl <br /> <br /> <br /> <br />r <br /> <br />C- <br />c::: <br />r- <br /> <br />-.] <br /> <br />o <br />f'T1 <br />f'T1 <br />o <br />en <br /> <br />::D <br />:3 <br />.,..". <br />/,-' <br />c..v <br />-.J <br /> <br />.. ReJ- En" :- Lind C( D. <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />"Your Hometown Bank" <br />2015 N. Broadweil <br />P.O. Box 1507 <br />Grand Island. NE 6BB02-1507 <br /> <br />(")(f) <br />o -l <br />c:> <br />Z-i <br />-im <br />-<0 <br />0'1 <br />"z <br />:J: nl <br />)>00 <br />, ::u <br />,)> <br />U) <br />:::><:: <br />)> <br />................... <br /> <br />(f) <br />(f) <br /> <br />(T1 <br />::3 <br />c::dtr <br />r'\J~ <br />~~ <br />0"):; <br />og <br />0") 3 <br />C) CD <br />::3 <br />U1 ..... <br />....... 2 <br />o <br /> <br />2'-50 <br />FOR RECORDER'S USE ONLY <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST is dated June 27. 2006. among STEWART K JOBES and JANET S JOBES; HUSBAND <br />AND WIFE ("Trustor"); Five Points Bank. whose address is "Your Hometown Bank". 2015 N. Broadwell. P.O. <br />Box 1507. Grand Island. NE 68802-1507 (referred to below sometimes as "Lender" and sometimes as <br />"Beneficiary"); and (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 />THE NORTHERLY 73 FEET OF LOT NINETEEN (19). IN BLOCK TWO (2). IN WEST BEl AIR SECOND <br />ADDITION TO THE CITY OF GRAND ISLAND. HALL COUNTY. NEBRASKA. <br /> <br />The Real Property or its address is commonly known as 1818 GARLAND ST. GRAND ISLAND. NE <br />68803-6143. <br /> <br />REVOLVING 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 the 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 temporary overages. <br />other charges. and any amounts expended or advanced as provided in this paragraph. shall not exceed the Credit limit as provided in the <br />Credit Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the Credit <br />Agreement from time to time from zero up to the Credit Limit as provided in the Credit Agreement 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 (AI PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF TRUSTOR'S <br />AGREEMENTS AND OBLIGATIONS UNDER 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 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 /> <br />Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so long as this Deed of <br />
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