|
<br /> :-.'......~
<br /> c;..:;,.) <:") (j) c:> [..1)
<br /> lI:;:-'::') 0 -,
<br /> ~ ft
<br /> ~ n ~ ""-, ..~ c:: l::. N
<br /> ,,~.\ -, -i
<br /> :t: ~ ", -:';,- Z
<br /> .." ;;(1 c.::l -; ('T1 i!
<br /> C ~ (I'; c::= C)
<br />I\.) :c r"""] ("jl-.. -< C)
<br />S Z ..') 11:"'.'.:'"
<br /> Q '" (::'.... A, ~ 0 " c::>
<br />G ~ C <..~ ,- W '1'1 G:
<br />-..J !{' --,-, """."'- -J
<br />G m ~J :1.: r:' I
<br />(,0 r . n (I) ("';:J ".:.r' [.,;.1 <::::) 3"
<br /> jlIll; :J: rn ~, ',,< :n ];:.:~
<br />0) r ";0 ~
<br />~ r~1 ~ ::3 CD
<br /> r~:'J r l~
<br />I\.) (fJ CO 0)
<br /> a> :;0;: !
<br /> 0 :L~ -L:
<br /> ....c ----
<br /> ~ W (J) ..F'\)
<br /> </l ~
<br />
<br />
<br />WHEWfB~do'~)~lk TO:
<br />
<br />Five Points Bank
<br />"Your Hometown Bank"
<br />2015 N. Broadwell
<br />P.O. Box 1507
<br />--9J;:1nd Island, NE 68802-1507
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />4/'ov
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is dated November 5, 2007, among MICHAEL LACHNIT and KAREN K LACHNIT;
<br />HUSBAND AND WIFE ("Trustor"); Five Points Bank, whose address is "Your Hometown Bank", 2015 N.
<br />Broadwell. P.O. Box 1507, Grand Island, NE 68802.1507 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and Five Points Bank, whose address is P.O Box 1507, Grand Island. NE
<br />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 />LOTS THIRTY ONE (31) AND THIRTY THREE (33), BLOCK "C" IN PARKVIEW SUBDIVISION, IN THE CITY
<br />OF GRAND ISLAND. HALL COUNTY, NEBRASKA.
<br />
<br />The Real Property or its address is commonly known as 2305 S BLAINE ST. GRAND ISLAND, NE
<br />68801-7304.
<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 IB) PERFORMANCE OF ANY AND AU 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 />that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
<br />
|