|
<br /> ~ 10 n s;
<br /> m :J:
<br /> ."
<br /> ~ C m (11
<br /> -,. () ::J:
<br /> ('\ ~- A
<br /> X n 0
<br /> tf\ m )>- ~.,
<br /> n (.I)
<br />rv ~ ~ :J:
<br />is
<br />is
<br />-.....J
<br />is
<br />01 ""
<br />0) ~\
<br />CO
<br />0:>
<br />
<br /> ~
<br /> <=..;> Q (()
<br /> c;;:;::)
<br /> "-. -.... <:> ~
<br /> ,...):!.... C- c: >
<br />:;:0 ~ \', c:=: Z --j
<br />1"1"1 ~1- r- .....-j ".,
<br />..-"),~'~' -< 0
<br />a 0 ."
<br />"""'1 en ." ::z:
<br />0 r I. rn
<br />I'll -0 1> UJ
<br />r-iJ :3 r ;0
<br />co r- >
<br />(of) fJ)
<br /> ~ ;::;;;
<br /> >
<br /> CJ1 ...............
<br /> 0 ~'
<br /> to.
<br />
<br />
<br />
<br />~
<br />
<br />Space Above This Line For Recording Data
<br />
<br />DEED OF TRUST
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />
<br />i
<br />Om
<br />N a.
<br />o a;-
<br />o
<br />5"
<br />~~
<br />en:!
<br />en!
<br />COz
<br />COo
<br />
<br />
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is July 6, 2007. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />MERIDIAN PROPERTIES, LLC
<br />A Nebraska Limited Liability Company
<br />152 Ponderosa Court
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Nebraska Corporation
<br />POBox 5168
<br />Grand Island, Nebraska 68803
<br />BENEFICIARY (lender):
<br />PLATTE V ALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />810 Allen Drive
<br />Grand Island, Nebraska 68803
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of lender, with power of sale, the following
<br />described property:
<br />
<br />lot Two (2), Richmond Second Subdivision, of the city of Grand Island, Hall County, Nebraska
<br />
<br />The property is located in Hall County at 603 N. Diers Ave., Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights. oil and gas rights, all water and
<br />riparian rights, wells, ditches and water stock, crops, timber, all diversion payments or third party payments
<br />made to crop producers and all existing and future improvements, structures, fixtures, and replacements that
<br />may now, or at any time in the future, be part of the real estate described (all referred to as Property). This
<br />Security Instrument will remain in effect until the Secured Debts and all underlying agreements have been
<br />terminated in writing by lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $884,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will secure each of the
<br />following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, dated July 6, 2007, from Grantor to lender, with a
<br />loan amount of $884,000.00. One or more of the debts secured by this Security Instrument contains a
<br />future advance provision.
<br />B. All Debts. All present and future debts from Grantor to lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that lender fails to provide any required notice of the right of rescission, lender waives any
<br />subsequent security interest in the Grantor's principal dwelling that is created by this Security Instrument.
<br />This Security Instrument will not secure any debt for which anon-possessory. non-purchase money security
<br />interest is created in "household goods" in connection with a "consumer loan," as those terms are defined by
<br />federal law governing unfair and deceptive credit practices. This Security Instrument will not secure any
<br />debt for which a security interest is created in "margin stock" and lender does not obtain a "statement of
<br />purpose," as defined and required by federal law governing securities.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />
<br />Meridian Properties, LLC
<br />Nebraska Deed Of Trust
<br />NE/4XX284240000059000055860'9070607Y
<br />
<br />@'996 Bankers Systems, Inc., St. Cloud, MN ~
<br />
<br />Initials
<br />Page'
<br />
|