|
<br />N
<br />IS>
<br />IS>
<br />m
<br />....lo.
<br />S
<br />CD
<br />IS>
<br />+:-.
<br />
<br />"
<br />,.
<br />li
<br />I
<br />
<br />
<br />
<br />(n
<br />"'""':Io:w
<br />
<br />Q~"l
<br />~ :z \.:.
<br />~
<br />
<br />
<br />
<br />10
<br />~
<br />Z
<br />c
<br />~
<br />
<br />(-)
<br />o
<br />c :;-...
<br />Z '----j
<br />-j C'-',
<br />-<
<br />
<br />~~
<br />ncn
<br />~::c
<br />
<br /> .),.
<br />'.'
<br />n CO
<br />, . '\...
<br />I"'n ~ \ ~
<br />. " <~
<br />r"., ~": :3
<br />C/o t.
<br /> t. G.:l
<br /> {>
<br /> (./1
<br /> J:
<br />
<br />C) -"'I
<br />
<br />-~J 11'1.'
<br />
<br />__,,_.. r'l
<br />
<br />~.... J !,.j
<br />
<br />, ':"-,1
<br />r-
<br />
<br />::-,..
<br />
<br />--- ---
<br />
<br />(r)
<br />en
<br />
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island. NE 68803
<br />
<br />~f
<br />
<br />CJar
<br />
<br />~f
<br />
<br />
<br />-Cz
<br />o
<br />
<br />......~,-
<br />
<br />-\
<br />FOR RECORDER'S USE ONLY \..
<br />
<br />.j ........\.~
<br />
<br />,\1<.>
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $70.000.00.
<br />
<br />THIS DEED OF TRUST is dated December 7. 2006. among KEVIN L HARRIS and LISA A HARRIS; HUSBAND
<br />AND WIFE ("Trustor"); Five Points Bank. whose address is North Branch. 2015 North Broadwell. Grand Island.
<br />NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points Bank.
<br />whose address is P.O Box 1507. Grand Island. NE 68802-1507 (referred to below as "Trustee").
<br />
<br />CONVEY ANCE AND GRANT. For valuable consideration. Trustor conveY$ 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 ONE HUNDRED THIRTY FIVE (135). BUENAVISTA SUBDIVISION. CITY OF GRAND ISLAND. HALL
<br />COUNTY. NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 423 E HALL ST. GRAND ISLAND. NE 68801. The
<br />Real Property tax identification number is 400028123.
<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 $70,000.00.
<br />
<br />Trustor presently assigns to lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />
<br />THIS DEED OF TRUST. INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY. IS GIVEN TO SECURE IA) PAYMENT OF THE INDEBTEDNESS AND IS) PERFORMANCE OF ANY AND All OBLIGATIONS
<br />UNDER THE NOTE. THE RELATED DOCUMENTS. AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOllOWING TERMS:
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />
<br />Posses$ion 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) collec.t 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 />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />
|