|
<br />
<br />
<br /> 11Q f~""",> ~
<br /> n ~ ~ :",~ .':'," (")
<br /> m . ,;: :.'::. ~~,t (J) as'
<br /> C! ",;, cr.. C> --<
<br /> m ","',," c;:> c:: J::~ N8.
<br />I'V Z n :c ~.y\. ~7? z ---1
<br />n jjJIlC ~ -,1 rT!
<br />S ~ C l ~.
<br />:z:: ~-) t"r...,,-. -< ~G:
<br />1SI m ~ >, c.)
<br />m 0 -I" C, "TJ
<br />1SI n """'1 Cl) -"1
<br />~ :J: ("i,_ -
<br />00 l,J -. CD::J
<br />c.o "'''' ~- , ,..L (""1'1 CJg
<br />-..J rr: -0 ):.,. [J,J
<br />-..J 0'\ C7' ~ ::3 r- .:;1]
<br /> r- 1;..-
<br /> () U) r":. ~i
<br /> \I I--' U)
<br /> c.." N ;::"
<br /> l..
<br /> ..1:: --- ---
<br /> Q) en -.JZ
<br /> (/) 0
<br />
<br />
<br />
<br />
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island, NE 68803
<br />
<br />:Ia
<br />C
<br />;5
<br />;i
<br />C')
<br />"'
<br />~
<br />=i
<br />r-
<br />"'
<br />en
<br />"'
<br />::a
<br />:5
<br />("")
<br />1"1'1
<br />en
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />~o.
<br />
<br />so
<br />
<br />THIS DEED OF TRUST is dated October 4, 2006, among JAMI E CORNELIUS. a Single Woman and RICHARD
<br />
<br />L CORNELIUS and KATHY J CORNELIUS. Husband and Wife ("Trustor"); Five Points Bank. whose address is
<br />
<br />West Branch. 2009 N. Diers Ave.. Grand Island, NE 68803 (referred to below sometimes as "Lender" and
<br />
<br />sometimes as "Beneficiary"); and Five Points Bank, whose address is P.O Box 1507. Grand Island, NE
<br />
<br />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 />
<br />County, State of Nebraska:
<br />
<br />Lot One (1). D & V Subdivision, in the City of Grand Island. Hall County, Nebraska.
<br />
<br />The Real Property or its address is commonly known as 917 W 16th St, Grand Island, NE 68801.
<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 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 />PA YMENT 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 />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
<br />acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property
<br />shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property;
<br />and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and
<br />ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property
<br />
|