|
<br /> 10 n ~
<br /> m %
<br /> .....
<br /> c: m en ~I
<br /> r n z n :r :-......:;,
<br /> , ~ ('::...J.
<br /> . . X ~ C ~ <> en
<br /> ~ ~ 0 .-;
<br /> ,." '- c:: ):,.
<br /> n en ,..-- ::3
<br /> (~ .'.... z --;
<br /> 'IIC :r --- = --i re-,
<br />N p'~ t'e- -c: ~ar
<br />CSl U'\ c'") ~ .,~~ -< ,='
<br /> t.",..:..... f--'o
<br />iSl 0 c:;, -"i- 0 .."
<br />""-J -C "'11 -
<br /> -,., ~~
<br />CSl -.' ..L_
<br />v.:> CJ ~\':':.~,\ I fT1
<br />CO r1'l ::n ):"" C~J
<br />CO ,",1 ~' ::3 r- .:0
<br /> 0 r );'"' :1
<br />v.:> U" t U?
<br /> I-'
<br /> (-. f--'o ='"
<br /> P.
<br /> r'\.) "-' "-'
<br /> CD en W ~
<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 />L) /. S 0
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $25,000.00.
<br />
<br />THIS DEED OF TRUST is dated May 10, 2007, among CHAD J GAWRYCH and LORI A GAWRYCH;
<br />HUSUBAND AND WIFE, AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP ("Trustor"); Five Points Bank,
<br />whose address is North Branch, 2015 North Broadwell, Grand Island, NE 68803 (referred to below sometimes
<br />as "Lender" and sometimes as "Beneficiary"); and Five Points Bank, whose address is P.O Box 1507, Grand
<br />Island, NE 68802-1507 (referred to below as "Trustee").
<br />
<br />CONVEY ANCE 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 />LOTS 13, 15 AND 17, BLOCK 6, COLLEGE ADDITION TO WEST LAWN IN THE CITY OF GRAND ISLAND,
<br />
<br />HALLCOUNTY,NEBRASKA
<br />
<br />The Real Property or its address is commonly known as
<br />68803-2013.
<br />
<br />2308 COTTAGE ST, GRAND ISLAND, NE
<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 Borrower, together with all interest thereon; however, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate $25,000.00.
<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 (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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at Borrower's request and
<br />not at the request of Lender; (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; (c) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other
<br />law which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their respective obligations under the Note,
<br />
|