201007220 - Laserfiche WebLink

Browse

~^ ~~^ ~~~ ~- ~~ N ~ .: ~ ~ ~ --1 Q Z .~~ ~ ~ c n s ~Y ~;. ~ r~' c, ~a A t N m .~^ ns ~ . ~ c~ r ... ° [~ A r1I11 c-a ~ y- rr' ~ ~ a r r, ~a" ' ~, ~r r r~ ~ ~ ~~A ® `~' v~ ~f7 fv 7 ,~ ``~ ~ r -- -- -- .. ~ ~ ~ r~ Z 1~IHEN RECORDED MAIL TO: 0 Equitable Bank Diers Avenue Branch PO Bvx 160 __. _. _. Grand Island, NE 6$602-016f) ,,,,,,,,, ,,,,,,,,_,____ FOR RECORDER _$ USE ONLY DEED OF TRUST ~~~ THIS DEED OF TRUST is dated September 30, 2010, among D & A INVESTMENTS, L.L.C., whose address is G 216 N CEDAR ST, GRAND ISLAND, NE 6$8015949; A NEBRASKA LIMITED LIABILITY COMPANY ("Trustor"-; Equitable Bank, whose address is Diers Avenue Branch, PO Box 160, Grand Island, NE 68802-0160 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Equitable Bank (Grand Island Regionl, whose address is 113-115 N Locust St; PO Box 160, Grand Island, NE 68802-0160 (referred to below as "Trustee"). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to trustee in trust, WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the fallowing described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, nil, gas, geothermal and similar matters, (the "Real Property") IpCated in Hall County, State of Nebraska: The Easterly Sixty feet of Lot Seven, Block Nine, Original Town at Grand Island, Hall County, Nebraska, according to the recorded plat thereof. The Real Property or its address is commonly known as 310 W 6th Street, Grand Island, NE 68801. The Real Property tax identification number is 400001691. CROSS-COLLATERALI2ATION. In addition #o the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest thereon, of either Trustor or Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower and Trustor or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Trustor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Borrower or Trustor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Borrower or Trustor, together with all interest thereon. Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and fo all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Coda security interest in the Personal Property and Rents. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE IAI PAYMENT OF THE INDEBTEDNESS AND IB- PERFORMANGE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOGUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (~) this Deed of 'Trust is executed at Borrower's request and not at the request of Lender, (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypo#hPCate the Property; (c1 the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor, Id1 Trustor has established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and, (el Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrowed. TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for deficiency to the extent Lender is otherwise entitled to a claim far deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of sale. PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower and Trustor shall pay to Lender all Indebtedness secured by this peed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the Note, this Deed of Trust, and the Related Documents, POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of the Property shall be governed by the following provisions: Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; 121 use, operate or manage the Property; and 13- collect the Rents from the Property. Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) boring the period of Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; 12) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing, 1a- any breach or violation of any Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or Icl any actual or threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, la) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property