|
<br />e e m
<br /> .' . II t' :", if; ~'". ~
<br /> ., . ......!
<br /> = n ~ <;;;;:> 0 (J)
<br /> <.:::> 0
<br /> X '- <=C> 0 --j ::0
<br />I\.) C! ~~~ c:: );> m
<br />CSl fq en (- ::z --j N C
<br />CSl n z :r c::: -i rr1 :J>
<br /> ~ rrl "". Z 0
<br />CO % i C <0:> ' - -< C) en
<br />CSl m ~ N 0 ""T1 0 Z
<br />()1 n J C> <=> ""T1
<br />W 'JIt ~ .~ co ~
<br />I\.) 0 t\ ::r: rrl
<br />-->. m '"'"'0 )> co C)
<br /> m t ::3 r ::;u c:
<br /> 0 r J> c..n s:
<br /> (/) (J) m
<br /> ~ ;><; c....:> ~
<br /> l> /1. N
<br /> .....r: -- Z
<br /> w U'l . l--' 0
<br /> (f)
<br />
<br />
<br />
<br />~G:r GNU) (ALl
<br />WHEN RECORDED MAil TO:
<br />Platte Valley State Bank & Trust Company '/0
<br />PVSB Grand Island Branch Pt> /!;/)'/. 5/1:>0
<br />810 Allen Dr
<br />Grand Island. NE 68803'.:9-
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />~
<br />'t;
<br />
<br />THIS DEED OF TRUST is dated June 6. 2008, among Robert M Zahm and Mary E Zahm; as Husband and Wife
<br />
<br />("Trustor"); Platte Valley State Bank & Trust Company. whose address is PVSB Grand Island Branch, 810 Allen
<br />
<br />Dr, Grand Island, NE 68803 (referred to below sometimes as "lender" and sometimes as "Beneficiary"); and
<br />
<br />Platte Valley State Bank & Trust, Co. Inc., whose address is PO Box 430, Kearney, NE 68848-0430 (referred
<br />
<br />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 />
<br />County, State of Nebraska:
<br />
<br />lot Thirty-five (351. Jeffrey Oaks Sixth Subdivision, City of Grand Island, Hall County, Nebraska
<br />
<br />The Real Property or its address is commonly known as 2111 Nashville St, Grand Island, NE 68803. The
<br />
<br />Real Property tax identification number is 400383217.
<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.
<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 SECUREIA) 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:
<br />
<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:
<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 />acknowledged by lender in writing. (a) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property
<br />shall use. generate. manufacture. store. treat, dispose of or release any Hazardous Substance on. under. about or from the Property;
<br />and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and
<br />ordinances. including without limitation all Environmental laws. Trustor authorizes lender and its agents to enter upon the Property
<br />to make such inspections and tests, at Trustor's expense, as lender may deem appropriate to determine compliance of the Property
<br />with this section of the Deed of Trust. Any inspections or tests made by lender shall be for lender's purposes only and shall not be
<br />construed to create any responsibility or liability on the part of lenger to Trustor or to any other person. The representations and
<br />warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor
<br />hereby (1) releases and waives any future claims against lender for indemnity or contribution in the event Trustor becomes liable for
<br />cleanup or other costs under any such laws; and (2) agrees to indemnify, defend, and hold harmless lender against any and all
<br />claims, losses, liabilities. damages. penalties, and expenses which lender may directly or indirectly sustain or suffer resulting from a
<br />breach of this section of the Deed of Trust or as a consequence of any use. generation, manufacture, storage, disposal, release or
<br />threatened release occurring prior to Trustor's ownership or interest in the Property. whether or not the same was or should have
<br />been known to Trustor. The provisions of this section of the Deed of Trust, including the obligation to indemnify and defend, shall
<br />survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of this Deed of Trust and shall not be
<br />affected by lender's acquisition of any interest in the Property. whether by foreclosure or otherwise.
<br />
<br />Nuisance. Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on
<br />or to the Property or any portion of the Property. Without limiting the generality of the foregoing. Trustor will not remove, or grant to
<br />any other party the right to remove. any timber. minerals (including oil and gas). coal, clay, scoria, soil, gravel or rock products
<br />without lender's prior written consent.
<br />
<br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without lender's prior
<br />written consent. As a condition to the removal of any Improvements, lender may require Trustor to make arrangements satisfactory
<br />
|