|
~~
<br />...a ~
<br />~ ~
<br />_~ ~
<br />(,1<7 ~
<br />N -
<br />CO _
<br />wry
<br />t ~ ° ~ . ~ '. I ;` ~ x
<br />..
<br /> rn
<br /> =
<br /> ~ n =
<br />
<br />~
<br />v
<br />~ ~
<br />~ ~~
<br />~ A
<br />G~
<br />
<br /> ~ ~,7 ~rS ~ f'r]
<br />
<br /> ~
<br /> -ten -~ ~ z ©
<br /> :z m ~
<br /> ~' 3 t--+ a!
<br /> r y C
<br /> tr> F...a cn ~
<br /> rU ~
<br />A ~
<br />
<br /> ~ ~~
<br /> C~ Ct7 tC'>! ~
<br />
<br />WHEN R~~~R~[~~AIC TO:
<br />Five Points Bank ~, ~ , ~~ ~~ O 7 ~~ ~~
<br />South Branch
<br />3111 W. Stplley Pk. Rd.
<br />Grand Island, NE 68801 (o ~8'C2. FOR RECORDER'S USE ONLY
<br />FIVE POINTS BANK
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 550,000.00.
<br />THIS DEED OF TRUST is dated March 10, 2010, among MELVIN E SPERLING and HELEN K SPERLING;
<br />HUSBAND AND WIFE ("Trustor"); Five Points Bank, whose address is South Branch, 3111 W. Stolley Pk. Rd.,
<br />Grand Island, NE 68801 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five
<br />Points Bank, whose address is P.O Box 1507, Grand Island, NE 88802-1507 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POW@R OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustar'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, Ithe "Real Property") IOCated In HALL
<br />County, State of Nebraska:
<br />PART OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER (SE1/4SE1/4) OF SECTION
<br />TWENTY-ONE (21-, TOWNSHIP ELEVEN (11) NORTH, RANGE NINE 19) WEST OF THE 8TH P.M., IN HALL
<br />COUNTY, NEBRASKA, COMMENCING AT A POINT FOUR HUNDRED NINETY-FIVE 14951 FEET WEST OF
<br />THE SOUTHEAST CORNER OF SAID SECTION:THENCE RUNNING NORTH ONE HUNDRED SIXTY-FIVE
<br />(165) FEET; THENCE WEST SIXTY-SIX (66) FEET; THENCE SOUTH ONE HUNDRED SIXTY-FIVE (185)
<br />FEET; THENCE EAST SIXTY-SIX 1661 FEET TO THE PLACE OF BEGINNING.
<br />The Real Property or its address is commonly known as 31$ W STOLLEY PARK RD, GRAND ISLAND, NE
<br />6880 7 -7459.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Borrower whether or not
<br />the 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 Borrower, together with all interest therepn; hpwever, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate 550,000.00.
<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 />Cade 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 pF THE INDEBTEDNESS AND (BI PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOGUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACGEPTED ON THE
<br />FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: Ia1 this Deed of Trust is executed at Borrower's request and
<br />not at the request of Lender; Ibl Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; 1c1 the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement ar other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and le-
<br />
|