|
<br /> ;lO 1......3 m
<br /> n ~ ~....> 0 (/) z
<br /> m c.~ <=>
<br /> .,.. ~ "- <'-0 0 -i iT!
<br /> c '" ' , c:;: J;e>-
<br /> l,'''~" r"0
<br /> n :t '(':- = :z: --i :0
<br /> .~ ~ ~ ~ :;:c C-;) -i rt""i m
<br /> ~ 0
<br />N [Tl Q't- '-< (=) 0
<br />~ <;""):('> N <=I )>
<br />S O",,\:- 0 '1
<br />S ('1 en CJ '1 (J)
<br />~X 'I .~.,-,. co
<br />():) "}..f Z
<br />S '=' L" , ..i.~ P'I
<br /> rf"J ~ \~ -n :D- Ol 0 (J)
<br />():) :::0 -I
<br />00 ~ r"r"l :3 ,-
<br /> C) ~ ,- J> CO :0
<br />~ UJ Ul c:
<br />0J I---" ^ CO s:
<br /> :to. ....c m
<br /> r'0 --..... --.... Z
<br /> r"0 Ul W -I
<br /> Ul Z
<br /> 0
<br />
<br />
<br />
<br />
<br />1?tt fn.w- '. t' '"' -+\.,,,
<br />WHEN RECORDEDMAm TO:
<br />Five Points Bank f> 0 ts.#"'../,) 50 ,
<br />West Brench
<br />2009 N. Diers Ave,
<br />Grand Island. NE 68803 iJ s> 80""2-
<br />
<br />#().ro
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is dated October 10, 2008, among ADAM PFEIFER and KELLI PFEIFER; HUSBAND AND
<br />WIFE ("Trustor"); Five Points Bank, whosa 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 />CONVEY ANCE AND GRANT. For valuable consideretion. 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 Sixteen (16), Hoffman Second Subdivision. an Addition to the Village of Doniphan, Hall County.
<br />Nebraska.
<br />
<br />The Real Property or its address is commonly known as 105 CHRISTOPHER CIRCLE. DONIPHAN, NE
<br />68832-0264.
<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 />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 (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and
<br />
|