|
<br />,.. ~ ("') (') :-'~ c> l\Jl
<br /> :J: ~ (-.::.,~ (") (0
<br /> c:~ ""-4
<br /> .." m --3 C>
<br />N c: n ::t ''''', , c:: J.""
<br />S Z A '"";'> c-..::::> Z --; ~a
<br />n ?' c-:> f'l
<br />is ~ 0 ~ %l -+
<br />-..J :r: f'" l~.~' . ---; -< c::>~
<br />~ C)
<br />is ~ ,., ~:"."...... l".) 0-"
<br /><0 en ~<......
<br /> ~ ::c 0"\- OJ ..,., z ~I
<br />..... --.,
<br />0'> .,.< :r: rn
<br /> '(":.:1 ,I 't~
<br /><0 1'1 '-'\"' ::D p.- [0
<br /> f\ .,1 ,- ;::J
<br /> r'l'l ., ::3 ,- 1>-
<br /> t=' ~
<br /> V' I>-' (j)
<br /> I--' ;;0::
<br /> (' 1>-
<br /> I--' ........ ----
<br /> c::> (j) COf
<br /> (j)
<br />
<br />Rcl tY\V' .Ja.nl'e.
<br />WHEN RECORDED MAil TO:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island, NE 6B8O:3
<br />
<br />200709169
<br />
<br />Jjt. ..5' 0
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />MAX,IMUM 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 October 19, 2007, among MONTE C HACK and SHERYL S HACK; Husband
<br />and Wife ("Trustor"); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE
<br />68803 (referred to below sometimes as "lender" and sometimes as "Beneficiary"); and Five Points Bank,
<br />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 FOURTEEN (14), WESTWOOD PARK FOURTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HAll
<br />COUNTY, NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 4130 W FAIDLEY AVE, GRAND ISLAND, NE
<br />68803-3327.
<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 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 (8) 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 />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 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 />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />
|