|
<br /> :10 () ~
<br /> ~ %
<br /> c: m en g'
<br /> n z n :I: .............>
<br /> .?l\ c:...> (") (0
<br /> :J: ~ C c:::> (::) -.--l 0 [
<br /> -
<br /> I'TI ~ ~I..,: c= J> N
<br /> n en '~ " ::a z -1
<br />N 1'li: :J: 7"l = -l 1'1 c::l
<br />IS> rn C}- -c: -< c::lar
<br />IS> .. <,') \: .,".. C'
<br />-.....! U\ (:;J '''f ........ 0 "T1
<br />IS> 0) "T1 ~i
<br /> (') -;-1 Z
<br />eN l ~- ----'-.. [fl
<br />CD 0
<br /> ......~\. :::0 l> LLl
<br />0) en r-..
<br /> , ::lJ
<br />N Pl ~ ::3
<br /> 0 , :L~ (Om
<br /> (fl ~ ........ (j)
<br /> c::l ;;x:
<br /> \' 1>
<br /> -C -........... 0)".
<br /> (0 (f) I"'VZ
<br /> (fJ 0
<br />
<br />
<br />
<br />
<br />10.t f:wv- L"......... c\ A.. c.
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />"Your Hometown Bank"
<br />2015 N. Broadwell
<br />P.O. Box 1507
<br />Grand Island, NE 68802~1507
<br />
<br />lit".
<br />
<br />-yo...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 $100.000.00.
<br />
<br />THIS DEED OF TRUST is dated May 7, 2007, among D J EIHUSEN and KATHY L EIHUSEN; HUSBAND AND
<br />WIFE ("Trustor"); Five Points Bank, whose address is "Your Hometown Bank", 2015 N. Broadwell, P.O. Box
<br />1507, Grand Island, NE 68802-1507 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802-1507 (referred
<br />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 />LOT ONE (1), WESTWOOD PARK THIRD SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 4108 NORWOOD DR, GRAND ISLAND, NE
<br />68803-3125.
<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 $100,000.00.
<br />
<br />Trustor presentlv 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 />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 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 />
|