Laserfiche WebLink
<br /> <br /> <br /> <br />fV ~ ~ <br />m ~ ~ <br />~ ...~~ <br />~~ ~ <br />~ <br />~~ <br />~ <br />~~ <br />~ ~ <br />~ 1 <br /> <br /> <br /> <br /> <br />~~r ~ <br />n <br />R1 <br />n <br />Z <br />~N <br />!~ <br />. ~ ~~. <br />- ~ ~;: <br />4 !_ <br />a <br /> ~J <br /> C'3 U> <br />~ C7 -1 C~ <br />,~ , C A <br />;~ ~~ ~ <br />~ 2 --~ (U <br /> <br /> c? <br />~ ~ ~ ~ ~~ C~ <br /> ~~ <br />~ ~ rr7 K.L] <br />~ <br />rm '"O A rz7 C~ <br /> ~ ~~ <br />Gn r,- A ,,,,C <br /> W ~ <br /> C C>~7 <br /> ~ <br /> C.IT ~-- ..C <br /> C.Q <br /> "~ <br />WHEN RECORDED MAIL 70: <br />Five Points Bank <br />South Branch <br />3111 W. Stolley Pk. Rd. <br />r n Island NE 68801 FOR RECORDER'S USE ONLY <br />U7'1 <br />Z <br />m <br />IIT1 <br />v <br />[~ <br />C/a <br />Z <br />FIVE POINTS BAIVK ~~.~a <br />CONSTRUCTION DEED OF TRUST <br />THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT <br />WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT <br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $4,000,000.00. <br />THIS DEED OF TRUST is dated June 11, 2009, among HIGHWAY MOTELS OF NEBRASKA INC; A NEBRASKA <br />CORPORATION 1"Trustor"); Five Points Bank, whose address is South Branch, 3119 W. Stolley Pk. Rd., Grand <br />Island, NE 6$$01 (referred to below sometimes as ""Lender" and sometimes as '"Beneficiary'"1; and Five Paints <br />Bank, whose address is P.O Bax 1507, Grand Island, NE 68802-9507 (referred to below as "Trustee"-. <br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys tc Trustee in trust, WITH POWER OF SALE, for the benefit of <br />Lander as Beneficiary, all of Trustpr'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 lincluding stock in utilities with ditch or irrigation rightsl; and all ether rights, royalties, and prpfits 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 />LOT TWO 121, MEADOW LARK WEST FIFTH SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA <br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest <br />thereon, of Trustor to Lander, or any one or more of them, as well as all claims by Lender against Trustor or any one 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 indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Trustor <br />may be liable individually pr 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 />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor whether pr 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 84,000,000.00. <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 />THIS DEED pF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL <br />PROPERTY, IS GIVEN TO SECURE IA- PAYMENT pF 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 />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 pf Trustor's obligations under the Note, this <br />