|
<br />
<br />10
<br />m
<br />//'i
<br />
<br />~ng
<br />'n )> ..
<br />("\c.n
<br />~:J:
<br />
<br />
<br />I
<br />
<br />
<br />os;
<br />~"..Ul
<br />("),:I
<br />~.
<br />
<br />
<br /> m
<br /> /.,'...." ~
<br /> c:;:'".,;;) 0 (n
<br /> <=> 0 m
<br /> QJ:;> 0 -~ :n
<br /> :~ C 1> N m
<br /> :z -~ CJ
<br /> <:".:::: --l fT1 0
<br /> G-') -< )>
<br /> 0 0 (f)
<br /> N 0 .,
<br /> ~ '1 Z 0) Z
<br /> en
<br />t~ :c 1'1 --I
<br />1-\\ -0 1> CtJ C) :rJ
<br />::3 r :.:0 --.J C
<br />l r 1> ~
<br /> (/'I r-.> ~
<br />........... ;;.;:
<br /> 1> W
<br />-C -- ~
<br /> ..r: (f) cr>
<br /> (/l
<br />
<br />. '...,,,,.:.-.
<br />
<br />N
<br />S
<br />S
<br />0:>
<br />S
<br />-.....j
<br />N
<br />W
<br />en
<br />
<br />CI
<br />
<br />'"
<br />C
<br />
<br />-- IiRfGlv' ;hn/~
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank po C~ /507
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island. NE 68!03' &, 8' R i"J ,
<br />
<br />I/o . >" t)
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is dated August 14, 2008, among GREGORY S GLAZE and BARBARA J GLAZE;
<br />Husband and Wife ("Trustor"); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand
<br />Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points
<br />Bank, 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 />Lot Thirty (30). leHeights Fourth Subdivision in Hall County, Nebraska
<br />
<br />The Real Property or its address is commonly known as 4219 NORSEMAN AVE, GRAND ISLAND, NE
<br />68803-2211 .
<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 IBI 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 />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 />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 (bl 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 />
|