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200803090
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Last modified
12/2/2008 9:54:29 AM
Creation date
4/14/2008 4:14:31 PM
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DEEDS
Inst Number
200803090
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<br />200803090 <br />water, canal, ditch or reservoir company. and all well permits, water service contracts, drainage rights <br />and other evidences of any such rights; and (h) all interest or estate which Trustor now has or may <br />hereafter acquire in said real property and all additions and accretions thereto, and all awards or <br />payments made for the taking of all or any portion of said real property by eminent domain or any <br />proceeding or purchase in lieu thereof, or any damage to any portion of said real property (collectively, <br />the "Subject Property"). The listing of specific rights or property shall not be interpreted as a limitation of <br />general terms. <br /> <br />1.2 Address. The address of the Subject Property (if known) is: 1116 W Oklahoma, Grand Island, NE <br />68801, Assessor's Parcel No. 400424614. Neither the failure to designate an address nor any <br />inaccuracy in the address designated shall affect the validity or priority of the lien of this Deed of Trust <br />on the Subject Property as described on Exhibit A. In the event of any conflict between the provisions <br />of Exhibit A and said address, Exhibit A shall control. <br /> <br />ARTICLE II. OBLIGATIONS SECURED <br /> <br />2.1 ObliQations Secured. Trustor makes this grant and assignment for the purpose of securing the <br />following obligations (each, a "Secured Obligation" and collectively, the "Secured Obligations"): <br /> <br />a) payment to Beneficiary of all sums at any time owing and performance of all other obligations <br />arising under or in connection with that certain promissory note, loan or credit agreement, <br />confirmation letter and disclosure, or other evidence of debt ("Note") dated as of April 11, 2008, in <br />the maximum principal amount of One Hundred Twenty~Five Thousand and 00/100 Dollars <br />($125,000.00) with interest as provided therein, executed by Thomas W. O'Neill and Jill A. <br />O'Neill and payable to Beneficiary or its order, together with the payment and performance of any <br />other indebtedness or obligations incurred in connection with the credit accommodation evidenced <br />by the Note, whether or not specifically referenced therein; <br /> <br />b) payment and performance of all obligations of Trustor under this Deed of Trust, together with all <br />advances, payments or other expenditures made by Beneficiary or Trustee as or for the payment <br />or performance of any such obligations of Trustor; <br /> <br />c) payment and performance of all obligations, if any, and the contracts under which they arise, which <br />any rider attached to and recorded with this Deed of Trust recites are secured hereby; <br /> <br />d) payment to Beneficiary of all liability, whether liquidated or unliquidated. defined, contingent, <br />conditional or of any other nature whatsoever, and performance of all other obligations, arising <br />under any swap, derivative, foreign exchange or hedge transaction or arrangement (or other similar <br />transaction or arrangement howsoever described or defined) at any time entered into with <br />Beneficiary in connection with any Secured Obligation; <br /> <br />e) payment and performance of all future advances and other obligations that the then record owner <br />of the Subject Property may agree to pay and/or perform (whether as principal, surety or <br />guarantor) for the benefit of Beneficiary, when any such advance or other obligation is evidenced <br />by a writing which recites that it is secured by this Deed of Trust; and <br /> <br />f) all modifications, extensions and renewals of any of the Secured Obligations (including without <br />limitation, (i) modifications, extensions or renewals at a different rate of interest, or (ii) deferrals or <br />accelerations of the required principal payment dates or interest payment dates or both, in whole or <br />in part), however evidenced. whether or not any such modification, extension or renewal is <br />evidenced by a new or additional promissory note or notes, loan or credit agreement, confirmation <br />
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