|
<br />
<br /> 10 n
<br /> m
<br /> a ,....~
<br /> c;;::o (") (f)
<br /> ~
<br /> ,<'~..........'~ I ~f g=o 0 --i
<br />N :n c: l>
<br />IS -u z --i
<br />IS 00 m .i- :;0 -i m
<br /><0 n(l) (;) . -< 0
<br />IS 1'1:% <.:, N 0 .,.,
<br />N C> 0
<br /> ...." .,.,
<br /><0 C r z
<br />.t>- o :::c T01
<br />Sl 0 m -0 l> OJ
<br /> m ::3 . ::0
<br /> <:;;I r l>
<br /> (J1 en
<br /> ,...... ;;0::
<br /> l>
<br /> W - .,--,
<br /> ex> en
<br /> en
<br />
<br />
<br />
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island, NE 68803
<br />
<br />~
<br />
<br />.,/"
<br />F"\)
<br />o
<br />c;
<br />CO
<br />CS
<br />N
<br />CO
<br />..c
<br />o
<br />
<br />m
<br />~
<br />::D
<br />m
<br />C
<br />):10
<br />en
<br />Z
<br />~
<br />:IJ
<br />c::
<br />s:
<br />m
<br />~
<br />Z
<br />o
<br />
<br />1/6 . (j7J
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />FIVE PaINTS BANK
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $65,000.00.
<br />
<br />THIS DEED OF TRUST is dated April 16. 2009. among TIMOTHY S SPIEHS and LISA M SPIEHS; husband and
<br />wife ("Trustor"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island, NE
<br />68803 (referred to below sometimes as "lender" and sometimes as "Beneficiary"); and FIVE POINTS BANK,
<br />whose address is 2015 N. BROADWELL AVE, GRAND ISLAND, NE 68803 (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 />Fractional Lot Seven (7). in Fractional Block Sixteen (16). in Bakers Addition and its complement Fractional
<br />Lot Seven (7), in Fractional Block One (1), in Woodbine Addition to the City of Grand Island, Hall County,
<br />Nebraska
<br />
<br />The Real Property or its address is commonly known as 2120 W 1ST ST, GRAND ISLAND, NE 68801.
<br />
<br />CROSS-COllATERALlZATION, In addition to the Note. this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Trustor to lender, or anyone or more of them, as well as all claims by lender against Trustor or anyone or more of them,
<br />whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise,
<br />whether due or not due, direct or indirlilct. diltermined or UI1determined, absolute or contingent, liquidated or unliquidated, whether Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether
<br />recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable.
<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 $65,000.00.
<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 IA) PAYMENT OF THE INDEBTEDNESS AND IB) 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 />
|