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<br /> 10 n ~ :~'~ m <br /> m ~ (::"m"':.') ('") (f) ~ <br /> ." I."~ c:> <br /> c: <::Q Q -i <br /> Z n :r ~ c: :P- fn <br /> n ~ ~.. ::z: -i N :n <br /> ~ <br /> 2: n 0 :::0 8~ ...--". 4li fT1 m <br />I\..:) 1;; ~ P1 C":) 0 c:J <br />s m C) -< <:) <br />n ;. "'.. ;:t> <br />s o<~ N 0 .., 0 <br />~ :c (f) <br />CD ~ ..,., --.J .., --,.. <br />s t~ CO Z <br /> Q X P"l <br />-.....J ~ rr; -U :P- (J:l <:::) en <br />~ Pl f\ :3 r- :;lJ -I <br />-" CJ (\ r '1:'" --.J ::n <br /><0 (/1 ~ en c: <br /> I---> ^ ....r.: :s:: <br /> :P- .-.. ITI <br /> c.v ----- ----- Z <br /> <:::) (I) CD -f <br /> (I) Z <br /> 0 <br /> <br /> <br /> <br /> <br />1Jt1E "..-. <br />YW : Jdn,'( <br />WHE. RE~ORDED MAIL TO: <br />Five Points Bank fo !g'f.. ISO? <br />West Branch <br />2009 N. Diers Ave. <br />Grand Island, NE 68889- b 8802... <br /> <br />200807419 <br /> <br />':;'5:50 <br /> <br />FOR RECORDER'S USE ONLY <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST is dated August 19, 2008, among JUDEE ELISABETH SANDMAN, whose address is <br /> <br />222 W 7TH ST, GRAND ISLAND, NE 68801-4325 ("Trustor"); Five Points Bank, whose address is West <br /> <br />Branch, 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and <br /> <br />sometimes as "Beneficiary"); and (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 /> <br />County, State of Nebraska: <br /> <br />The Southerly 83 1/2 feet of Lot Five (5), Block One Hundred and Twenty-five (125) in Union Pacific <br /> <br />Railway Company's Second Addition to the City of Grand Island, Hall County, Nebraska <br /> <br />The Real Property or its address is commonly known as 222 W 7TH ST, GRAND ISLAND, NE 68801-4325. <br /> <br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including. without limitation, a revolving line of credit, which <br />obligates lender to make advances to Trustor so long as Trustor complies with all the terms of the Credit Agreement. Such advances may <br />be made, repaid. and remade from time to time, subject to the limitation that the total outstanding balance owing at anyone time, not <br />including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporary overages, <br />other charges, and any amounts expended or advanced as provided in this paragraph, shall not exceed the Credit limit as provided in the <br />Credit Agreement. It is the intention of Trustor and lender that this Deed of Trust secures the balance outstanding under the Credit <br />Agreement from time to time from zero up to the Credit limit as provided in the Credit Agreement and any intermediate balance. <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 IAI PAYMENT OF THE INDEBTEDNESS AND IBI PERFORMANCE OF EACH OF TRUSTOR'S <br />AGREEMENTS AND OBLIGATIONS UNDER 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 Credit <br />Agreement, this 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 (') 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 />Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so long as this Deed of <br />Trust remains a lien on the Property, used for the generation, manufacture, storage, treatment, disposal, release or threatened release <br />of any Hazardous Substance in violation of any Environmental Laws, Trustor authorizes Lender and its agents to enter upon the <br />