|
—
<br />��
<br />O � _.
<br />o ° �
<br />� �..
<br />d' ��
<br />LJ'i �-
<br />�
<br />�m
<br />r
<br />mm
<br />C)
<br />��
<br />0
<br />�
<br />m
<br />� �
<br />za�
<br />�r �
<br />� � ° m
<br />m� o
<br />� O (n
<br />� p
<br />Q m
<br />O p
<br />\
<br />�
<br />�
<br />N
<br />0
<br />�
<br />O
<br />Z
<br />C
<br />�
<br />�
<br />O
<br />�,
<br />�
<br />W
<br />n�
<br />on
<br />C�
<br />Z
<br />�O
<br />O
<br />= m
<br />y W
<br />r� r
<br />�
<br />.1�
<br />�
<br />N
<br />m
<br />z
<br />�
<br />m
<br />�l
<br />O 0
<br />O U�i
<br />�z
<br />07 �'
<br />� �
<br />cn �
<br />C
<br />�
<br />m
<br />z
<br />�
<br />Z
<br />O
<br />������ ��
<br />Dft! Title & Escrow
<br />� 12720IStr�ef, Sttit� IAO
<br />�a s� N�.Y
<br />��������
<br />DEED DF TRU�T
<br />MAXIMUM l.IEN. 7'he lien af this Deed of Trust shall nat exc�ed at any one time $1Q,OOQ.00.
<br />7HlS pE�D QF' TRUST is dated Octaber Z9, 20�F0, among JEFF�RY J EARL and ��NNY E EARL, MUSBAhID
<br />AND WiFE, AS JDIN7 7"�NANTS WITH RIGHT O� SURVIVORSHIp AND NOT AS TENANTS IN CC]MM�N,
<br />whase add�ress is 110 E 3RD STR�ET, ALDA� IV� fi$$10 ("Trustor"1; BANK OF THE W�ST, whase address �s
<br />GRAND lSLAND, S30R W 5TA'!'E S7REET, GRAND ISLAND N� 68$03-2305 (referred ta below sometimes as
<br />"Lender" and sometimes as "Bene�ci�ry"); and BAMK OF TH� W�ST, whose address is 1450 TREA1" BLV�,
<br />i�d�i�,NU'P GREEK, CA 94v97 (referred to belaw as "Trustee").
<br />GONV�YANCE ANp GfiANT. For valuaqle cansidaratfon, Trustor canvmys !0 7rustee in trust, Wf'�H PpVY�R DF SALE, for the beneflt of
<br />Lender as eeneficiary, all qf Trustcx's righ#, title, and Ir�arest in and to t�e following descrlbed rea! property, togather wlth all existing or
<br />subsequentiy arected or affixed buildings, Improvements and fixtures; a1i easemerrts, ri�hts of way, and appurtenarices; all water, water
<br />rights and ditoh rights (inctuding stock in utilitles with ditch ar Irrigation rights), and a�f other� hts, royalties, snd p rpfits relaUn ta the real
<br />property, including withnut fimita#lon s!1 minera�is, ail, gas, geathermal and sirrril�r n�atters, (the " Real I�rqperty IDCat� in HALL
<br />County, State af Nebraska: �
<br />THE �ASTERLY FIFT��N ('�5) F��T OF LOT NI�iE (9) AND ALL OF LOT T�N (1p), BLOCK TWO �2j,
<br />ClARKSON'S FtRS7 A�DITIOId TO ALDA, HALL C�!lNTY, NEBRASKA.
<br />'The Real Property or its atidress is commonly known as '1'1 d E 3RD STREET, ALDA, NE B$$'I Q.
<br />REVQLVIN6 {,lNE QF CREDlt. 7hls Deed af Tru�t �ecures the Inciebtedness including, without Ilmltmtlan, a revolving line vf credit, whEch
<br />obtiggtes I.ender to make advanae� ba Trusi�r so Ionn as 'fre�:tor compliga with af) the terms of the Cred� Agreement. Such advancea may
<br />he made, repaid, and remade frvm time ta ttme, sul�jeet to the limitatlon that the total autstandEng balance owing �t �ny pne tims, nat
<br />Enclud[ng flnance charges on such k�alance at a fixetE or varlable rate ar sum as provided in the Gredlt Agr�ement, any temporary o�erages,
<br />ath�r chargss, and arry amour�s expenct�d or advanced as pravid�d in etther the lndebbedness paragraph or thi� paragraph, sha11 not
<br />exceed the Credlt I.imEt as provided in the Credtf Agreement. 1t is the inbentivn af Trustor and Leruler that th18 Deed of Trust seeures the
<br />hafance outstandlnp under the Credlt Agreament irom time tn time fram aero up to tha Credit l.lmlt as provided in the Credit Agreem�nt
<br />and any intetmedl�te batance.
<br />Trustor presentiy assigns to Lender (also known as Ber�eficiary in this Deed pf Trust) �11 of 7rustor's right, tiffe, and intersst in and to all
<br />present and future leases of the Property and aA Rents irom the Properiy. In addttion, Trustar grants to Lander a Unifprm Cammercial
<br />Cdde s�curlty fnterest in th� personal Property and ReMs.
<br />THIS �E�� OF TRUST� INCLUbING TNE pSSiGNMENT 4� RENTS AND THE SECl1R11'Y INT�REST (N TM� RENTS AN17 PER50NAL
<br />pRAp�RTY, IS GlVEN 7p $ECUR� (A) PAYMEMT Q� TH� IIdpEBTEbNESS AN� (�) P�RFaRMANCE OF �1Cli pF TRIISTOR'S
<br />AGREEMENTS AND O8U[iATIONS IJND�R THE GREpiT Al3REENIEN'F, THE REl.AIED 13�CLIMENTS, ANb 7WIS D��t7 OF TRUST. 7HIS
<br />Q� (� 7RUST IS GIYEN ANO ACC�ATED bN TH� FOLLb1MN(3 T�RMS:
<br />PAYMEMT AND pER��R1YfAMC�. Except as otherwise provid�d in this Deed nf Trust, Trustqr ahafl pay to l.ender all amounis secured by
<br />this beed af Trust as they become due, and ahall �tricfly and in a tim�ly rrranner perfprm all of Trustvr"s obligations under the Gredit
<br />Agreement, this Deed of Trust, and the Fialated T)aaumants.
<br />PQSSESSIpN AND MAfN'I"ENANGE OF THE pROP�RTY. Trus6or �qrees that Trustor's possession and use of the Property shali be
<br />govemed by tfie followlnA provisipns:
<br />Possesainn and Use, Until the occurrence pf an �verit af Default, Trustor may (1) rematn in poss�sslon and c;ontra� af tha Properfy;
<br />(2) use, operate or manage the Prnperty; and (3) cdlect the Rents from the Property.
<br />
|