|
~~
<br />~ ~~
<br />fD ~"""~
<br />V ~~~
<br />Ul ~
<br />
<br />
<br />
<br />
<br /> ~.
<br />
<br />~; n o
<br />
<br /> Z
<br />N
<br />
<br />
<br /> ~ =
<br />
<br />C1 ~ ~~~
<br />~
<br />c> cn
<br />~ m
<br />
<br />h = ~``~ A CU
<br /> ` ~- +- ~
<br />~ rr ~ ~ --+ ~' ~ C7"1
<br /> i
<br />n.y -~ ~ v
<br /> ` ~ ~ ~
<br /> ~, CJl ~ ~. rA Cp
<br /> ca ~~' ~ ~ ~
<br /> r-n
<br />(' ~ c~ ~ r- ~ CJ"1 ~7
<br />"~ cn ~
<br />f.....a U)
<br />~
<br />^~] C
<br /> A Cl7 1'il
<br /> ~ `"~. `. Z
<br /> .~~ C/J ~I w...f
<br /> Cn
<br />0
<br />WF~~ RECORDEDpMAIL TO:
<br />Five Points Bank .P~ ~ aX ~ 5 0 '7
<br />North Branch ~tij .] ~
<br />2095 North Broadwell
<br />Grand Island, NE B$803 (~ ~p0~_ . FOR RECORDER'S USE ONLY
<br />F1VE POINTS BANK
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 510,000.00.
<br />THIS DEED OF TRUST is dated July 1, 2009, among RUSSELL D MCMILLAN and EILEEN C MCMILLAN;
<br />HUSBAND AND WIFE ("Trustor"-, Five Points Bank, whose address is North Branch, 2015 North Broadwell,
<br />Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"1; and Five
<br />Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802-1507 (referred to below as "Trustee"1.
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trus#ee in true#, 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 pr irrigation rightsl; and all other rights, rpyalties, 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 />LOT TWELVE (12), EAGLE SUBDIVISION, WALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 611 LINDEN AVE, GRAND ISLAND , NE 68801.
<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 tp a cpmmitment. Specifically, without limitation, this Deed of Trust secures, in addition tp the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan tp Trustor, together with all interest thereon; hpwever, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate S10,OOp.00.
<br />Trustor presently assigns to Lender lasso known as Beneficiary in this Deed of 'trust) aH of 7rustor's right, titie, and interest in and to aii
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Cede security interest in the Personal Property and Rents.
<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 (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED pF 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 of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use pf the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Truster may j1- remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and 131 collect the Rents from the Property.
<br />Duty to Maintain. Truster shall maintain the Property in good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: 11- 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 />
|