|
<br />N
<br />is
<br />is
<br />-.....J
<br />is
<br />m
<br />N
<br />W
<br />is
<br />
<br />p,
<br />
<br />=-,
<br />l1
<br />~
<br />
<br />2 ~J)
<br />I'll C1l
<br />Ox
<br />'"
<br />
<br />:II)
<br />m
<br />.."
<br />c:
<br />Z
<br />o
<br />!!'
<br />
<br />n
<br />~~
<br />(')(1)
<br />
<br />
<br />rx
<br />
<br />lJ\
<br />lr'I
<br />o
<br />
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island, NE 68803
<br />
<br />DEED OF TRUST
<br />
<br /> ,....,. i
<br /> ~ If) tJ)
<br /> c;:::o 0
<br /> ::~'- ~ G .....
<br /> <=- a .. r"\)
<br /> 2 ~
<br />~~' c;:: -1 rr/ ~
<br />n1 r- 0
<br />o;?- -< 0
<br />C? r"\) <::> ..., 0 ~
<br /> (..,) ...,
<br />"'T1 r :z -...]
<br />u :I: m -
<br />m -0 ~ tl\J. 0 ::I
<br />rr1 ::3 r" ~ g
<br />l/CI r- en
<br />Gfl cA
<br /> .:.t: ;:!it r"\) ~
<br /> lII' W
<br /> 0 ~'~
<br /> co = 0 ~
<br /> h,",. Z
<br /> .,
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />~
<br /><,~
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $125,000.00.
<br />
<br />THIS DEED OF TRUST is dated July 20, 2007, among UNIVERSAL BUILDERS; A NEBRASKA GENERAL
<br />PARTNERSHIP ("Trustor"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand
<br />Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points
<br />Bank, whose 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 />LOT FIVE (5). BLOCK ONE (1). WAGGENER SUBDIVISION TO THE CITY OF GRAND ISLAND. HALL
<br />COUNTY. NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 512 E 19TH ST, GRAND ISLAND, NE 68803. The
<br />Real Property tax identification number is 400105357.
<br />
<br />CROSS-COllATERAlIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Trustor to Lender, or anyone or more of them, as well as all claims by lender against Trustor or anyone or more of them,
<br />whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise,
<br />whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether
<br />recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable.
<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 $125,000.00.
<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 />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 />
|