|
m
<br /> ,-., z
<br />
<br />' n~
<br />gar
<br />S
<br />~
<br />~
<br />`~ c~ cn
<br />c n
<br />o
<br /> cn - ~. ~ rv
<br />~ ~ " Z ~ ~ _
<br />---r _.., c~ ~
<br /> l
<br />y ~ o
<br />
<br />~ trn1 ~ • • ~, cn ~, ;~ ~ z
<br />
<br />
<br />N c-a r n -^.-~ ~
<br />~
<br />~~ cn F..., ~ ~ m
<br />
<br />
<br /> ~ Iv
<br /> ~
<br />WHEN RECORDNwD IVIAIL TO:
<br />Five Points Sank ~]~ O~ ~S~
<br />Downtown P
<br />518 N Eddy
<br />Grand Island NE 68'aQ1 !c ~'d~d ~- FOR REC RDER'S USE ONLY '~~
<br />FivE Pornrrs BANK
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 520,135.50.
<br />THIS DEED OF TRUST is dated September 30, 2009, among DONALD E PREISENDORF and DONNA J
<br />PREISENDORF, HUSBAND AND WIFE ("Trustor"1; Five Points Bank, whose address is Downtown, 518 N Eddy
<br />Grand Island, NE 68801 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br />Five Points Bank, whose address is P.O Box 7 507, Grand Island, NE 68802-1507 (referred to below as
<br />"Trustee").
<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, IthB "Real Property") IOCated in HALL
<br />County, State of Nebraska:
<br />THE SOUTH ONE HALF (S1/2) OF LOT FIVE (51. IN BLOCK NINETEEN 119), IN WALLICH'S ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The Real Property or its address is commonly known as 513 N ADAMS ST, 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 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 $20,135.50.
<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 OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN Tp SECURE (Al PAYMENT OF THE INDEBTEDNESS AND (8) PERFORMANCE OF ANY AND ALL OBLIGATIpNS
<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 of the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may 111 remain in possession and control of the Property;
<br />(~) use, aparate or manage the Property; and 131 collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />
|