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200806126
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200806126
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Last modified
7/16/2008 3:15:40 PM
Creation date
7/16/2008 3:15:38 PM
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DEEDS
Inst Number
200806126
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<br /> <br />~ <br />;;:Q ~ <br />r"1 ... .... <br /><'J.~._' <br />", <br />o <br />-., <br /> <br /> <br />t' <br /> <br />1'.......' <br />.= <br /><=) <br />CQ <br /> <br /><"- <br />c.::: <br />r- <br /> <br />~ <br />en <br /> <br />10 <br />m <br />"'" <br />C <br />Z <br />c <br />~ <br /> <br /> <br />(") en <br />o ~ <br />cl> <br />z-t <br />-trrl <br />-<0 <br />0-" <br />-r'tz <br />rrl <br />l> r:r:l <br />r :;lJ <br />rl> <br />en <br />;;><; <br />l> <br /> <br />N <br />IS <br />IS <br />(Xl <br />IS <br />0'> <br />-" <br />N <br />0'> <br /> <br /> <br />-........... <br /> <br /> <br />""- <br /> <br />CJ <br />JTI <br />"1 <br />CJ <br />U1 <br /> <br />\J <br />:3 <br /> <br />~ <br />~ <br /> <br />r'0 <br /> <br />I--' <br />--.J <br /> <br />en <br />(j) <br /> <br />- . fl.LtZ')'PY-' Q1')1.(.i., <br />WHEN RECORDEoiJiAIL TO: <br />Five Points Benk /'0 M;L./G <17 <br />West Branch <br />2009 N. Diers Ave. z... <br />Grand Island, NE 68803. <br /> <br />200806126 <br /> <br />FOR RECORDER'S USE ONLY <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST is dated June 30. 2008, among LEA ANNE HEDGES. a married woman and SEAN E <br />HEDGES. her husband. AND ROSANNA MOSTEK. a married woman and TERRY L MOSTEK. her husband. <br />AND TARA SNYDER, a married woman. and BRADLEY K SNYDER. her husband AND ROSE ROWE. a single <br />woman ("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 />Lots One Hundred Seven (107) and One Hundred Eight (108). in Belmont. an Addition to the City of Grand <br />Island. Hall County. Nebraska. <br /> <br />The Real Property or its address is commonly known as 623 N GRACE AVE. GRAND ISLAND. NE <br />68803-4333. <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 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at Borrower's request and <br />not at the request of lender; (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the <br />Property; (c) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument <br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has <br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e) <br />lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower). <br /> <br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other <br />law which may prevent lender from bringing any action against Trustor, including a claim for deficiency to the extent lender is otherwise <br />entitled to a claim for deficiency, before or after lender's commencement or completion of any foreclosure action, either judicially or by <br />exercise of a power of sale. <br /> <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust. Borrower shall pay to lender all Indebtedness <br />secured by this Deed of Trust as it becomes due. and Borrower and Trustor shall perform all their respective obligations under the Note, <br />this Deed of Trust, and the Related Documents. <br /> <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of <br />the Property shall be 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 /> <br />m <br />c:>~ <br />N:IJ <br />OE3, <br />0> <br />en <br />COz <br />~~ <br />~~ <br />~~ <br />O->z <br />o <br /> <br />~/ trD <br />
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