|
<br />() E
<br />:r:
<br />n1
<br />0 :t I
<br />"
<br /> ,r--......;:)
<br /> c;;.,,.1- (") (f)
<br /> =
<br /> "'-.,'t --..:J C> -; C>
<br /> ..........., '.. = c: ~ G;-
<br /> ::u ~\.\, ~ Z --.j N
<br /> ITl --l -1 rr:
<br /> C) -< 0 -
<br /> '<~~ N 0 I
<br /> <.-:> 0 ., 0
<br /> .n'1't N -q z
<br /> <:::,) (:\. ::c rTI --,J
<br /> fT"l &l , :n ~ C') C)
<br /> n, :3 r- ;l.J
<br /> CJ f, r 1:.- CD
<br /> (f) I-> (/1
<br /> ~ C) ;:x; c::> ~
<br /> :D0- l->
<br /> GJ --......--......
<br /> -...] Vl CO
<br /> V>
<br />
<br />10
<br />m
<br />."
<br />C
<br />n Z
<br />~~~
<br />Q:c
<br />
<br />
<br />1'0
<br />S
<br />S
<br />-.....J
<br />S
<br /><D
<br />S
<br />~
<br />CO
<br />
<br />'RLtC)\y': XYI/'c...
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island. NE 68803
<br />
<br />DEED OF TRUST
<br />
<br />FOR RECORDER'S USE ONLY
<br />40 . S()
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $98,000.00.
<br />
<br />THIS DEED OF TRUST is dated October 12, 2007, among SHANE LEE STAVA and LISA DIANE STAVA;
<br />Husband and Wife ("Trustor"); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand
<br />Island, NE 68803 (referred to below sometimes as "lender" and sometimes as "Beneficiary"); and (referred to
<br />below as "Trustee").
<br />
<br />CONVEYANCE AND GRANT. For valuable consideretion. 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 Two (2) in Block Three (3) Key-Dee Subdivision, Hall County, Nebraska, EXCEPTING a tract of land
<br />more particularly described in Warranty Deed recorded as Instrument #91-102667 as the Southerly Two. (2)
<br />feet thereof.
<br />
<br />The Real Property or its address is commonly known as 1607 ROBERTA AVE, GRAND ISLAND, NE
<br />68803-6337. The Real Property tax identification number is 400050951 .
<br />
<br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation. a revolving line of credit, which
<br />obligates lender to make advances to Trustor so long as Trustor complies with all the terms of tha Credit Agreement. Such advances may
<br />be made, repaid. and remade from time to time. subject to the limitation that the total outstanding balance owing at anyone time. not
<br />including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement. any temporary overages.
<br />other charges. and any amounts expended or advanced as provided in either the Indebtedness paragraph or this paragraph. shall not
<br />exceed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and lender that this Deed of Trust secures the
<br />balance outstanding under the Credit Agreement from time to time from zero up to the Credit limit as provided in the Credit Agreement
<br />and any intermediate balance.
<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 EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT. THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />
<br />PA YMENT 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 Credit
<br />Agreement, this 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 />
|