|
~~ ~
<br />
<br />~.... ~...~f
<br />~ ~,
<br /> ,:,
<br />~
<br />,~
<br />~ ~~
<br />~ ~~
<br />m ~ rya
<br />
<br />~
<br />W ~~
<br />s ~^
<br />~.•
<br />W ~~ ,
<br />~~ ~„
<br /> ,a~;:
<br />~^ ~:`~
<br />~...~ r"r'f
<br />
<br />
<br /> rn to
<br /> ~
<br /> ~ ~ ~ c~
<br /> ~y c n
<br /> ~ ~ ~ tU
<br /> ~
<br /> ~
<br /> c~ ~
<br /> ~ F-~ c~ "n h-+
<br /> Ow -n ~ C~
<br /> tJ ~ rn
<br /> ~
<br />~ A ~:~ (',~
<br /> r*~ ~ t"" ~
<br /> ~ r n G~J
<br />
<br />
<br /> ~ ST7
<br /> Cam] .__.
<br /> ~ cn W
<br /> Z
<br />v
<br />N
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island. NE 68803 F.OR RECORDER'S USE ONLY
<br />
<br />
<br />m
<br />m
<br />l7
<br />A
<br />C/]
<br />~'
<br />G7
<br />f°~'7
<br />rivt ru~N~~ a,~w-c -~
<br />0
<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 />THIS DEED OF TRUST is dated May 7, 2010, among CURTIS R CELLAR and RICHELLE J CELLAR; HUSBAND
<br />AND WIFE ("Trustor"1; Five Points Bank, whose address is West Branch, 2009 N, Diers Ave., Grand Island, NE
<br />6$803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"-; and FIVE POINTS BANK,
<br />whose address is 2015 N BROADWELL, GRAND ISLAND, NE 6$803 (referred to below as "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; ail water, water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rightsl; 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 Property°) Ipeated in WALL
<br />County, State of Nebraska:
<br />Lots Five 151 and Six 16), Block Eight (81, Sterling Estates Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska
<br />The Real Property or its address is commonly known as 2015 & 2021 EBONY LANE, GRAND ISLAND, NE
<br />68803.
<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 ar unrelated to the purpose of the Note, whether voluntary or otherwise,
<br />whether due or not duo, direct or indirect, determined ar undetermined, absolute or contingent, liquidated or unliquidated, whether Trustor
<br />may be liable individually or 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 />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 TO SECURE IA1 PAYMENT OF THE INDEBTEDNESS AND 161 PERFORMANCE OF ANY AND ALL OBIIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED pN 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 es they become due, and shall strictly end in a timely manner perform ail of Trustor's obligations under the Nata, this
<br />Deed of Trust, and the Related Documents.
<br />CONSTRUCTION MORTGAGE. This Deed of Trust is a "construction mortgage" for the purposes of Sections 9-334 and 2A-309 of the
<br />Uniform Commercial Code, as those sections have been adopted by the State of Nebraska.
<br />P055ESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />a ..
<br />7C =
<br />
|