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<br />WHEN RECORDED MAIL TO:
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<br />FOR RECORDER'S USE ONLY
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<br />DEED OF TRUST
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<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $5.900.00.
<br />
<br />THIS DEED OF TRUST is dated January 29. 2008. among RAY TERRILL. A SINGLE PERSON. whose address is
<br />
<br />1910 W 13TH STREET. GRAND ISLAND. NE 68803 ("Trustor"); BANK OF THE WEST. whose address is
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<br />GRAND ISLAND. 3301 W STATE STREET. GRAND ISLAND. NE 68803-2305 (referred to below sometimes as
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<br />"Lender" and sometimes as "Beneficiary"); and BANK OF THE WEST. whose address is 1450 TREAT BLVD.
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<br />WALNUT CREEK. CA 94597 (referred to below as "Trustee").
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<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 relatinlJ to the real
<br />property, including without limitation all minerals, oil, gas. geothermal and similar matters, (the "Real Property") located in HALL
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<br />County. State of Nebraska:
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<br />PART OF LOTS TWO. HUNDRED SIXTY-FIVE (265) AND TWO HUNDRED SIXTY-SIX (266) IN WEST
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<br />LAWN. IN THE CITY OF GRAND ISLAND. NEBRASKA. MORE PARTICULARLY DESCRIBED AS FOLLOWS.
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<br />TO-WIT: COMMENCING AT THE SOUTHWEST CORNER OF SAID LOT 266. AND RUNNING THENCE
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<br />NORTH A DISTANCE OF 103.5 FEET. THENCE TURNING AND RUNNING EAST A DISTANCE OF 64.0
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<br />FEET; THENCE TURNING AND RUNNING SOUTH A DISTANCE OF 104.47 FEET; AND THENCE TURNING
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<br />AND RUNNING WEST A DISTANCE OF 64.0 FEET TO THE POINT OF BEGINNING. PARCEl # 400117576
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<br />The Real Property or its address is commonly known as 1910 W 13TH STREET. GRAND ISLAND. NE 68803.
<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 (AI 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: .
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<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:
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<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1 I remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
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<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. -
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<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
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