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200707656
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200707656
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Last modified
9/5/2007 4:25:24 PM
Creation date
9/5/2007 4:25:24 PM
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DEEDS
Inst Number
200707656
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<br />200707656 <br /> <br />Northwest Quarter of the Southwest Quarter (NW % SW %), thence <br />southerly, along and upon the east line of said Northwest Quarter of <br />the Southwest Quarter (NW % SW 1f.s), a distance of One Thousand <br />Three Hundred Thirty~Nine and Six Hundredths (1,339.06) feet to the <br />southeast corner of said Northwest Quarter of the Southwest Quarter <br />(NW % SW %); thence westerly along and upon the south line of said <br />Northwest Quarter of the Southwest Quarter (NW 1f.s SW %), a <br />distance of One Thousand Three Hundred Nineteen and Forty~Five <br />Hundredths (1,319.45) feet to the point of beginning. <br /> <br />TOGETHER WITH, all buildings, improvements, fixtures, easements, rights, <br />privileges and appurtenances located thereon or pertaining thereto, and all rents and <br />profits therefrom and subject to all easements, covenants and restrictions of record, if <br />any. The Property and the entire estate and interest conveyed to the Trustee are <br />referred to collectively as the "Trust Estate". <br /> <br />FOR THE PURPOSE OF SECURING the following: <br /> <br />(A) Personal guaranty by Beneficiary for the payment of indebtedness in the <br />total principal amount of $130,000.00 for Pinnacle Bank Loan #2300133804 evidenced <br />by a certain Promissory Note dated , 2007 ("Note") executed by <br />Trustor, which has been delivered and is payable to the order of Pinnacle Bank, and <br />which by this reference is hereby made a part hereof, including any and all renewals, <br />modifications and extensions thereof; <br /> <br />(B) Payment of indebtedness in the total amount currently due and owing of <br />$65,047.61 to Pinnacle Bank for Loan #23-00131-756; <br /> <br />(C) Payment of indebtedness in the total amount currently due and owing of <br />$51,077.45 to US Bank for Line of Credit #0003-0064-725-098. <br /> <br />(0) Payment of indebtedness in the total amount currently due and owing of <br />$69,639.52 to Bank of American for Credit Card #4264293087021960; <br /> <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR AND <br />BENEFICIARY HEREBY COVENANT AND AGREE AS FOLLOWS: <br /> <br />1. Payment of Indebtedness. Trustor shall pay when due the principal and <br />interest as provided in the Note, together with any charges, fees and all other sums as <br />provided in the Note or herein. <br /> <br />2. Title. Trustor is the owner of the Property, has the right and authority to <br />convey the Property, and warrants that the lien created hereby is a first and prior lien on <br />the Property except as may otherwise be set forth herein, and the execution and <br />delivery of this Trust Deed does not violate any contract or other obligation to which <br />Trustor is subject. <br /> <br />2 <br />
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