|
<br />I\.)
<br />IS
<br />IS
<br />-....,J
<br />IS
<br />IS
<br />-....,J
<br />I\.)
<br />IS
<br />
<br />
<br />
<br />
<br />:::0
<br />::3
<br />f-l
<br />C)
<br />r'\:)
<br />CD
<br />
<br />~
<br />"TI
<br />c:
<br />Z
<br />p~
<br />(I)
<br />::I:
<br />
<br />~~
<br />n::J:
<br />~
<br />
<br />r".......:)
<br />C-...,.:,.;Jo
<br /><C:::>
<br />~
<br />
<br />...........1
<br />",
<br />;:0 $.':.'
<br />m M-
<br />o ;.:-
<br />O~~
<br />-.-,
<br />
<br />
<br />c_
<br />::J:)
<br />::z
<br />w
<br />C)
<br />
<br />t
<br />
<br />o
<br />m
<br />rn
<br />o
<br />(/l
<br />
<br />~~0u/-j
<br />
<br />WHEN RECORDED MAil TO:
<br />Five Points Bank
<br />West Branch PO B bY f So 1
<br />2009 N. Diers Ave.
<br />Grand Island, NE 68803
<br />
<br />n 0)
<br />o -l
<br />c:: )>
<br />z-t
<br />-....;r>1
<br />-<0
<br />0-"
<br />-'1 Z
<br />::x: f"'\'l
<br />)> (!J
<br />r :;n
<br />r)>
<br />(j)
<br />;::0;
<br />)>
<br />
<br />--
<br />
<br />(fl
<br />(j)
<br />
<br />o
<br />/"V
<br />o
<br />a
<br />-J
<br />a
<br />o
<br />--J
<br />/"V
<br />o
<br />
<br />I
<br />~
<br />
<br />I
<br />:2
<br />o
<br />
<br />FOR RECORDER'S USt: ONLY
<br />
<br />DEED OF TRUST
<br />
<br />T"
<br />
<br />.;::,
<br />
<br />=
<br />
<br />o
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $12,592.00.
<br />
<br />THIS DEED OF TRUST is dated January 25, 2007, among NITZEL & CO INC; a Nebraska Corporation
<br />("Trustor"); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE 68803
<br />(referred to below sometimes as "lender" and sometimes as "Beneficiary"); and Five Points Bank, whose
<br />address is P.O Box 1507, Grand Island, NE 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 />County, State of Nebraska:
<br />
<br />The North Half of the West Half of the East Two Hundred Seventy (270) Feet of lot Thirteen (13) in
<br />Vantine Subdivision, Hall County Nebraska and the South Eight (8) Feet of the East One Hundred Thirty
<br />Five (135) Feet of lot Twelve (12) in Vantine Subdivision, Hall County, Nebraska and the East Two
<br />Hundred Seventy {270) Feet of lot Thirteen (13) Excepting the North Half of the West Half, Vantine
<br />
<br />Subdivision, Hall County, Nebraska.
<br />
<br />The Real Property or its address is commonly known as 1119 S. Pine St., Grand Island, NE 68801.
<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 $12,592.00.
<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 (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 tenantable condition and promptly perform all repairs, replacements. and
<br />maintenance necessary to preserve its value.
<br />
|