|
<br /> ,........., m
<br /> c~,:;) 0 Ul C)
<br /> ~ c.::> 0 -I ~
<br /> =
<br /> m -....,~ c:: l'>- N
<br /> C! ,---J;. en :z: -! m
<br /> :::u..;)l-. rq .....,j' f'T1 0 :D
<br />,,' z. ",......;..!t; "'"Q +K m
<br /> c1 0 0
<br /> ~ 0 c;)':"" :';7 0
<br />N 1: 6'>~ H 0 """l ~
<br />IS ." !{J to """l -,.. en
<br />IS n en """T1
<br />CO 1l\ :J: 0 M. ::r:: r,"1 Z
<br /> " 1> (D C)
<br />is ~ [T1 l -0 :;lJ ~
<br />CO P'1 ::3 r- eo
<br />is ~ c:' r 1> :0
<br />W (f) Ul 0 c:
<br />0) t---" ;:><: s:
<br /> 1> W m
<br /> -.-
<br /> r-v ... Z
<br /> 00 en ,- en -i
<br /> en Z
<br /> 0
<br />
<br />
<br />Ztt MV " IGttAv
<br />WHEN RECORDED MAllITO:
<br />Five Points Bank fo ~ /607
<br />West Branch
<br />2009 N. Diers Ave. 1-
<br />Grand Island, NE 68801
<br />
<br />200808036
<br />
<br />~o ,S-O
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $15,000.00.
<br />
<br />THIS DEED OF TRUST is dated September 12. 2008. among MIKE l AHRENS and lORI l AHRENS; Husband
<br />
<br />and Wife ("Trustor"); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island. NE
<br />
<br />68803 (referred to below sometimes as "lender" and sometimes as "Beneficiary"); and Five Points Bank,
<br />
<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 />
<br />County, State of Nebraska:
<br />
<br />lot Two (2). in Block Five (5). in Jenkinson Subdivision. in the City of Grand Island, Hall County, Nebraska.
<br />
<br />The Real Property or its address is commonly known as 2510 JAY ST. GRAND ISLAND. NE 68803-1129.
<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; however, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate $15,000.00,
<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 (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 thre.atened 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 />
|