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<br />WHEN RECORDED MAIL TO: 5Q
<br />Platta Valley State Bank & Trust Company ��°
<br />PVSB (irand Island eranch pc?, p,��.� 5/( �
<br />810 Allen Dr
<br />Grand Island NE 8 O - 99a7..�. FOR REC R�E ' SE 4NLY
<br />D�ED OF TRUST
<br />THIS DE�Q OF TRUST is dated October 15, 2010, among Twilia Under'wood, whose address is 105 W 19th
<br />St., Grand Island, NE 68$01; a Single Person ("Trustor"); Platte Valley State Bank 8 Trust Company, whose
<br />address is PVSB Grand Island Branch, $1p Allen Dr, Grand Island, NE 68803 (referred to belaw sometimes as
<br />"Lender" and sometimes as "B�neficiary"); and Platte Valley State Bank $� Trust Campany, whose address is
<br />2223 2nd Ave, Kearney, NE 68$48 (referred to below as "7rustee").
<br />CONVEYANCE AND GRANT. For valuahle conslderatlon, Trustor conveys to Trustea in trust, WITH POW�R OF SALE, for the benefit of
<br />I.ander 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 rights); and all other ri hts, royalties, and profits relating ta the real
<br />property, including without limitation all minerals, oil, gas, geathermal and similar matters, �th@ " Real Praperty �OCBtBd in Mall
<br />County, State of Nebraska:
<br />LOT 6, BLOCK 2, MORRIS ADDITION TO THE CITY OF GRAND ISLAND, HALL COUN7Y, NEBRASKA
<br />The Real Property or its address is commonly known as 105 W 19th St., Grand Island, NE 68801. The Real
<br />Praperty tax identification number is 4000637p0.
<br />FUTURE ADVANCES. In addition to the Npte, this Deed of Trust secures all future advances made by Lender to Trustor whether or not the
<br />advances are made pursuant to a commitment. Specifically, without limitatiqn, this Desd of Trust secures, in addition to the amounts
<br />specified in the Note, all future amounts Lender in its discre:tion may loan to Trustor, together with all interest thereon.
<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 leasas c�f the Frvperty and all Rents from the Property. In addition, Trustor grants to Lender a Unifqrm Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEE� pF TRUS7, INCLUDING 7HE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN TH� RENTS AND PERSONAL
<br />PROPERTY, 15 GIVEN TQ SECURE �A) PAYMENT OF THE INDEBTEDNESS AND (B) P�RFORMANCE OF ANY AND ALL dBLIGATIONS
<br />UNDER THE NOTE, THE RELATEQ D�CUMENTS, AND THIS DE�D OF TRUST. THIS pEED OF TRUST 13 GIVEN AND ACCEPTED ON THE
<br />FqLLQWING T�RMS:
<br />PAYMENT AND PERFORMANCE. �xc�pt as otherwise provided in this Deed of Trust, Trustor shall pay tq Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner pertorm all of Trustor's obligatiqns under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANC� OP THE PROPERTY. Trustor agrees that Trustor's possession and use pf the Property shall be
<br />governed by the following provisions:
<br />Pqssessipn and Use. Until the occurrence of an Event of petault, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership
<br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous 5ubstance by any person on, under, about or from the Praperty; (2) Trustor has no knowledge of, or reason to believe
<br />that there has been, except as previously disclosed to and acknowledged by l.ender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened releasa pf any
<br />Hazardous Substance on, under, about or from the Property by any prior awners or occupants of the Property, or (c) any actual or
<br />threatened litigation pr claims qf any kind by any person relating to such matters; and (3) Except as previously disclosed ta and
<br />acknowledged by Lender in writing, (a) neither Trustor npr any tenant, contractor, agent or other authorized user of the Property
<br />shall use, g�nerate, manufacture, store, treat, dispose of or release any Mazardous 5ubstance on, under, about or from the Property;
<br />and (b) any such activity shall ba canducted in compliance with all applicable federal, state, and local laws, regulatipns and
<br />qrdinances, including without limitation all EnvironmBntal Laws, Trustpr authorizes Lenda[ �nd its agents to enter upon the Property
<br />to make such inspectipn9 and tesis, at Trustor's experrs�, as Lender may deem appropriate to determine complianee af the Property
<br />with this section of the Deed of Trust. Any inspections or tests made by Lender shall be fpr Lender's purposes only and shall not be
<br />construed to create any responsibility pr liahility on the part of Lender to Trustor or to any other person, The representations and
<br />warranties contained herein are bassd on 7rustor's due diligence in investigating the Property fpr Hazardous Substances. Trustor
<br />hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event 7rustor becomes liable for
<br />cleanup or other costs under any such laws; and (2) agrees to indemnify, defend, and hold harmless Lender against any and all
<br />claims, losses, liabilities, damages, penalties, and expenses which Lender may directly pr indirectly sustain or suffer resulting from a
<br />breach of this 5ection of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, ralease or
<br />threatened release occurring prior to Trustor's ownership or interest in the Property, whether or not the same was or should have
<br />been known to Trustor. The provisions of this section of the Deed of Trust, including the obligation to indemnify and defend, shall
<br />survive the payment of the Indebtedness and the satisfaction and recqnveyance of the lien of this Deed of Trust and shall npt be
<br />affected by Lender'S acquisition of any interest in the Property, whether by foreclosure or otherwise.
<br />Nuisance, Waste. Trustqr shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on
<br />or to the Property or any portion nf the Property. Withqut limiting the generality of the foregoing, Trustor will not remove, or grant to
<br />any other party the right to remnve, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products
<br />without Lender's prior written consent.
<br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property withvut Lender's prior
<br />written consent. As a condition to the remaval of any Improvements, Lender may requir� Trustor to make arrangements satisfactory
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