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200902500
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Last modified
4/6/2009 3:32:50 PM
Creation date
4/6/2009 3:32:49 PM
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DEEDS
Inst Number
200902500
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<br /> 10 n ~ m <br /> m .-.,,;10 <br /> :::E: c:c::. o (fJ ~ <br /> "'" m en <=::> C> <br /> c: n :::E: ..... c.c:::>o o -i <br /> Z ~~ c::~ "" <br />( r " I 1, n ~ ::0 :z-i :IJ <br /> :E: ~ C --0 -i1'Tl C> m <br /> m ~ rf1 ;;;0 -< CJ <br /> n en 0 0 6 )> <br /> ~ ::c o~ 0 "T1 en <br /> -., en ..." z CD <br /> l ::J: I'Tl Z <br /> ~ 0 1> (0 C> en <br /> n1 -0 -I <br /> n1 ::3 r ;;0 .f"0 :n <br /> 0 r 1> c: <br /> (f) (fJ <br /> I-l ;:;0:; c..n s: <br /> 1> 0 rn <br /> z <br /> N --- --- -I <br /> CJ (p <=> z <br /> (fJ 0 <br /> <br />N <br />G <br />s <br /><0 <br />s <br />N <br />CJ1 <br />S <br />S <br /> <br />R flel\\ \1'- K AT~'1 <br />WHEN RECORDED MAIL TO: <br />Five Points Bank ~ 0 is (rf.- 15 0 7 <br />West Branch ~ 0 2- <br />2009 N. Diers Ave. L, 'I <br />Grand hlland. NE 68803 <br /> <br />5O,SO <br /> <br />FOR RECORDER'S USE ONLY <br /> <br />FIVE PoINTS BANK <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST is dated April 1, 2009, among CHAD VIETH, A Married Man and TIFFANY VIETH, His <br />Wife ("Trustor"); Five Points Bank, whose 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 />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 />County. State of Nebraska: <br /> <br />Suite #2807, Pinewood Condominium in the City of Grand Island. Hall County. Nebraska. <br /> <br />The Real Property or its address is commonly known as 2807 BRENTWOOD BLVD. GRAND ISLAND, NE <br />68801 . <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 (AI PAYMENT OF THE INDEBTEDNESS AND (BI 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 />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their respective obligations under the Note, <br />this Deed of Trust, and the Related Documents. <br /> <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of <br />the Property shall be 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 />
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