|
m
<br />~~ rcr c .l n , o cn ~+ ~.~-1
<br /> c n ~ ~~ ~-
<br />- ~ m ~ m
<br /> Z ~ ~
<br />.
<br />~ ~ ~' O
<br />I~^i. C7 0 m ~-
<br />,. ~ ~
<br />fV ~_ ~ ~
<br />N ~ 4. ~ ~ CJ ~
<br />0 ~• ~ ~ ~ C]7 ~ ~ Ct0 Z
<br />~ ~ 7'C ~ ~ ~'~ .~ v ~ p ~
<br />~~ ~ ~ ~ C
<br /> ~ v
<br />
<br />~ ~
<br />~'
<br />'`' cn
<br />~
<br />`~
<br />m
<br /> rn
<br /> rv
<br /> °° c~
<br />
<br />~^ c" O
<br />WHEN RECORDED MAIL TO: L/
<br />Five Points Bank ,QQ ~DX- 15~~ '"T'0 ~.$~~
<br />West Branch 1
<br />2009 N. Diers Ave. (p ~gC1 Z
<br />Grand Island, N6 6$$03...._ FOR RECORDER'S U5E ONLY
<br />FtvE Pb--vfS BAMK
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated October 30, 2009, among JOHN GANNON, A MARRIED PERSON, AND
<br />JENNIFER GANNON, HIS WIFE ("Trustor"1; Five Points Bank, whose address is West Branch, 2009 N, Diers
<br />Ave., Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"1;
<br />and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802-1507 (referred to below as
<br />"Trustee"1.
<br />CONVEYANCE AMD GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lander 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 Proper#y") IOCated In HALL
<br />County, State of Nebraska:
<br />Lot Twenty-Six (261, in Block (1), in Knickrehm Second Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />The Real Property or its address is commonly known as 103E 21ST ST, GRAND ISLAND, NE fi8$01-2322.
<br />The Real Property tax identification number is 400052776.
<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 SECIfRITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE IA- PAYMENT OF 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 of Trustpr'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 pccurrence of an Event of Default, Trustor may 111 remain in possession and control of the Property;
<br />12- use, operate or manage the Property; and 13- collect the Rents from the Property.
<br />Duty to Maintain. Trustor 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 pr threatened release of any
<br />Hazardous Substance by any person on, under, abput or from the Property; 12- Trustor has no knowledge of, or reason to believe
<br />that there has been; except as previously disclpsed to and acknowledged by Lender' in writing, (a- any breach or viplation of any
<br />Environmental Laws; 4b) any use, generation, manuft~cture, storage, treatment, • disposal, release or threatened release of any
<br />
|