|
<br />(i\
<br />-
<br />.
<br />~
<br />!
<br />
<br />,
<br />
<br />fl I ~ ~ i! t ;.< fH I ~.,
<br />
<br />~.~
<br />n::t
<br />"
<br />
<br />I\..)
<br />s
<br />s
<br />CXJ
<br />......
<br />S
<br />......
<br />co
<br />0)
<br />
<br />I
<br />z
<br />C
<br />en
<br />..
<br />
<br />
<br />n
<br />~~
<br />
<br />\>
<br />
<br />WHEN RECORDED MAil TO:
<br />Five Points Bank
<br />Downtown
<br />370 N. Walnut
<br />Grund Islund, NE 68801
<br />
<br />FIVE PoiNTS BANK
<br />
<br />DEED OF TRUST
<br />
<br /> I'.> ~
<br /> <::0:> a (J1
<br /> <=> 0
<br /> ::~ "X> 0 ~
<br /> Cl c: 'J;>- r'0
<br />::rJ ~" z-i
<br />.-" -ifTl 0
<br />~ ~--- C":) -<0 1:9
<br />o"i: ~ 0 ...." c:::> 6;
<br />.,., en '1 z co
<br />CJ ~ :J: rTl Z
<br />rn -0 >- G:l ~ ~
<br />!T1 ::3 r ::0
<br />c;J t r ::> 0
<br />(n en ~ c:
<br /> G..;,) ;::><: :s:
<br /> 1> CD ~
<br /> ...c ........'....--
<br /> Ul en en
<br /> (f) f5
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />*
<br />~
<br />'\..0..
<br />// <:)
<br /><--:..-.
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $40,000.00.
<br />
<br />THIS DEED OF TRUST is dated December 15, 2008, among GEORGE R. PALMER AND JUDY l. PALMER,
<br />HUSBAND AND WIFE AND KIM PALMER, A SINGLE PERSON. ("Trustor"); Five Points Bank, whose address is
<br />Downtown, 370 N. Walnut, Grand Island, NE 68801 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and Five Points Bank, whose address is P.O Box 1507, Grand Island. NE
<br />68802-1507 (referred to below as "Trustee").
<br />
<br />CONVEYANCE AND GRANT. For valuable considerution, Trustor conveys to Trustee in trust. WITH POWER OF SALE, for the benefit of
<br />lender as Beneficiury, 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), Indianhead Seventh Subdivision in the City of Grand Island, Hall County, Nebraska
<br />
<br />The Real Property or its address is commonly known as 4024 INDIANHEAD , GRAND ISLAND ,NE 68803,
<br />
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by lender to Borrower whether or not
<br />the 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 Borrower, together with all interest thereon; however, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate $40,000.00.
<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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed of Trust is executed at Borrower's request and
<br />not at the request of lender; (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; (c) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other
<br />law which may prevent lender from bringing any action against Trustor, including a claim for deficiency to the extent lender is otherwise
<br />entitled to a claim for deficiency, before or after lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to lender all Indebtedness
<br />
|