Laserfiche WebLink
DEAD OF TRUST q <br />Loan No: 10123417'3 (Continued 2 O 1 O O 6 2 O 4 page s <br />and terms not otherwise defined in this Deed of Trust shall have the meanings attributed to such terms in the Uniform Commercial Code: <br />Beneficiary. The ward "Beneficiary" means Five Points Bank, and its successors and assigns. <br />Borrower. The ward "Borrower" means UNIVERSAL BUILDERS and includes all co-signers and co-makers signing the Nate and all <br />their successors and assigns. <br />Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lsndsr, and Trustee, and includes without <br />limitation all assignment and security interest provisions relating to the Personal Property and Rents. <br />Default. The word "Default" means the Default set forth in this Deed of Trust in the section titled "Default". <br />Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes, regulations and ordinances <br />relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental <br />Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601., et seq. ("CERCLA"1, the Superfund <br />Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499 ("SARA"-, the Hazardous Materials Transportation Act, 49 U.S.C. <br />Section 1801, et seq., the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or <br />federal laws, rules, or regulations adopted pursuant thereto. <br />Event of Default. The words "Event of Default" mean any pf the events of default set forth in this Deed of Trust in the events of <br />default section of this Dasd of Trust. <br />Guaranty. The word "Guaranty" means the guaranty from guarantor, endprser, surety, or accommodatipn party to Lehder, including <br />without limitation a guaranty of all or part of the Note. <br />Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or <br />physical, chemical or infectious characteristics, may cause or pass a present or potential hazard to human health or the environment <br />when improperly used, treated, stared, disposed of, generated; manufactured, transported yr otherwise handled. The words <br />"Hazardous Substances" are used in their very brpadsst sense and include without limitation any and all hazardous ar toxic <br />substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also <br />includes, without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos. <br />Improvements. The ward "Improvements" means all existing and future improvements, buildings, structures, mobile hpmes affixed on <br />the Real Property, facilities, additions, replacements and other construction on the Real Property. <br />Indebtedness. The word "Indebtedness" means atl principal, interest, and other amounts, posts and expenses payable under the Note <br />or Related Documents, together with all renewals of, extensions of, modifications of, pansnlidations of and substitutions for the Note <br />or Related Documents and any amounts expended or advanced by Lender to discharge Trustor's obligations or expenses incurred by <br />Trustee or Lender to enfprce Trustor's obligations under this Deed of Trust, together with interest on such amounts as provided in this <br />Peed of Trust. Specifically, without limitation, Indebtedness includes the future advances set forth in the Future Advances provision, <br />together with all interest thereon and all amounts that may be indirectly secured by the Cross-Collateralization provision of this Deed <br />of Trust. <br />Lender. The ward "Lender" means Five Points Bank, its successors and assigns. <br />Note. The word "Note" means the promissory note dated August 27, 2010, 117 the Original principal amOUnt Of <br />$121,318.33 from Trustor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations <br />of, and substitutions for the promissory note or agreement. The maturity date of this Deed of Trust is SEPTEMBER 1, 2015. <br />Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or <br />hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and <br />additions to, all replacements ot, and all substitutions for, any of such property; and together with all proceeds (including without <br />limitation all insurance proceeds and refunds of premiums) from any sale or other disposition of the Property. <br />Property. The word "Property" means colleptively the Real Property and the Personal Property. <br />Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this Deed of Trust. <br />Related Documents. The words "Related bocuments" mean all promissory notes, credit agreements, loan agreements, environmental <br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other <br />instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness. <br />Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived <br />from the Property. <br />Trustee. The word "Trustee" means Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802-1507 and any <br />substitute or successor trustees. <br />Trustor. The word "Trustor" means UNIVERSAL BUILDERS. <br />TRUSTOR ACKNOWLEDGES HAVING REAP ALL THE PROVISIONS OF THIS DEEP OF TRUST, AND TRUSTOR AGREES TO ITS TERMS. <br />TRUSTOR: <br />