|
...~
<br />~~
<br />~
<br />.
<br />~~ ~ ~ ~ ~.:
<br />~ ~
<br />IV
<br />~~ ~ C~ ~' ~
<br />~
<br />"~ ~
<br />
<br />m rV [:7
<br />~ ~ fs ~ c ~ Cd ~
<br />
<br /> ~' ~ o t~':r
<br />..~ .^..~~
<br />~~ m z rrt ~H
<br />~
<br />a
<br />fV ('
<br />V ~ ~ r-- ~o
<br />~ ~ C
<br />~
<br />:r
<br />C
<br />a
<br />~~ ~
<br />l1 UU ~ ..
<br />K
<br />,w
<br /> W ~.. ~ ~ Q"'I
<br />~
<br />~~~ 1'~ ~ ~
<br />~~'
<br /> :n
<br />WHEN RECORDED MAIL TO:
<br />klm~ 4Y
<br />'" ~CHu~-r'~'-
<br />F~R RECORDER'S USE ONLY
<br />GBS Partners, LLC ~ ^"'-'
<br />1391 I Ridgedale Drive, Suite 470 FI VF POINTS ~B~WK ~-
<br />Minnetonka, MN 55305
<br />952-545-2008 - t ~
<br />-- ~l- `~
<br />G
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated May 7, 2010, among MITCHELL T NICKERSON and SUSAN E NICKERSON;
<br />HUSBAND AND WIFE ("Trustor"1; Five Points Bank, whose address is West Branch, 2009 N. Diers Ave.,
<br />Grand Island, NE 68803 (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 68802-1507 (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 />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 rightsl; and all other rights, royalties, and profits relatin to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") locate in HALL
<br />County, State of Nebraska:
<br />The West Half (W1/2) of Lot Seven 17), Black A, Boehm's Subdivision to the City of Grand Island, Hall
<br />County, Nebraska
<br />The Real Property or its address is commonly known as 972 W LOUISE ST, GRAND ISLAND, NE 68801. The
<br />Real Property tax identification number is 400019639.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this peed of Trust) ail 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, INGLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SEGURE IA1 PAYMENT OF THE INDEBTEDNESS AND (B) 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: la- this peed 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; Ic- the provisions of this peed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and da 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 />Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower.
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other
<br />law which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lender all Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their respective obligations under the Note,
<br />this Deed of Trust, and the Related pocuments.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession arid use of
<br />the Property shall be governed by the following provisions:
<br />
|