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<br />
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />Nerth Branch
<br />2015 Nerth Broadwell
<br />Grand Island, NE 68803
<br />
<br />DEED OF TRUST
<br />
<br />200808448
<br />
<br />1/5. 50
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $42,000.00.
<br />
<br />THIS DEED OF TRUST is dated October 1, 2008, among KEITH A KELLEY and CHRISTIE A KELLEY; HUSBAND
<br />
<br />AND WIFE ("Trustor"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island,
<br />
<br />NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points Bank,
<br />
<br />whose address is P.O Box 1507, Grand Island, NE 68802-1507 (referred to below as "Trustee"),
<br />
<br />CONVEYANCE AND GRANT. Fer valuable consideration. Truster cenveys to. Trustee in trust. WITH POWER OF SALE, for the benefit ef
<br />lender as Beneficiary. all ef Truster's right, title, and interest in and to. the fellewing described real praperty, tagether with all existing ar
<br />subsequently erected ar affixed buildings, improvements and fixtures; all easements, rights af way, and appurtenances; all water, water
<br />rights and ditch rights (including stack in utilities with ditch ar irrigatian rights); and all ether ri$lhts, rayalties, and profits relating to. the real
<br />praperty. including withaut Iimitatian all minerals, eil, gas, geathermal and similar matters, (the "Real Property") located in HALL
<br />
<br />County, State of Nebraska:
<br />
<br />THE SOUTH HALF (51/2) OF LOT EIGHT (8), BLOCK TEN (10). ORIGINAL TOWN, NOW CITY OF GRAND
<br />
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 604 & 608 N. WALNUT ST, GRAND ISLAND, NE
<br />
<br />68801 .
<br />
<br />CROSS-COllATERAlIZATION. In additian to. the Nete, this Deed af Trust secures all abligatians, debts and liabilities, plus interest
<br />therean. af Trustar to. lender, ar any ane ar mare af them, as well as all claims by lender against Trustar ar any ane ar mare af them.
<br />whether naw existing ar hereafter arising, whether related ar unrelated to. the purpase af the Nate. whether valuntary ar atherwise,
<br />whether due ar nat due, direct ar indirect, determined ar undetermined. absalute ar cantingent, liquidated ar unliquidated, whether Trustar
<br />may be liable individually ar jaintly with athers, whether abligated as guarantar, surety, accammadatian party ar atherwise, and whether
<br />recavery upan such amaunts may be ar hereafter may became barred by any statute af Iimitatians, and whether the abllgatian to. repay
<br />such amaunts may be ar hereafter may became atherwise unenferceable.
<br />
<br />FUTURE ADVANCES. In additian to. the Nate, this Deed af Trust secures all future advances made by lender to. Trustar whether ar nat the
<br />advances are made pursuant to. a cammitment. Specifically, withaut Iimitatian, this Deed af Trust secures. in additian to. the amaunts
<br />specified in the Nate, all future amaunts lender in its discretian may laan to. Trustar, tagether with all interest therean; hawever, in no.
<br />event shall such future advances (excluding interest) exceed in the aggregate $42,000.00.
<br />
<br />Trustar presently assigns to. lender (also. knawn as Beneficiary in this Deed af Trust) all af Trustar's right, title, and interest in and to. all
<br />present and future leases af the Praperty and all Rents fram the Praperty. In additian, Trustar grants to. lender a Unifarm Cammercial
<br />Cade security interest in the Persanal 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 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 atherwise pravided in this Deed af Trust, Trustar shall pay to. lender all amaunts secured by
<br />this Deed af Trust as they became due, and shall strictly and in a timely manner perfarm all af Trustar's abligatians under the Nate, this
<br />Deed af Trust. and the Related Dacuments.
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustar agrees that Trustar's passessian and use af the Property shall be
<br />gaverned by the fallawing pravisians:
<br />
<br />Possession and Use. Until the accurrence af an Event af Default, Trustor may (1) remain in possession and cantrol af the Property;
<br />
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