|
�
<br />��
<br />.��
<br />��
<br />N �
<br />� ��
<br />� ��
<br />B �
<br />� �
<br />(D
<br />C�J1 ~
<br />�
<br />��
<br />r�
<br />�r
<br />��
<br />. '+ i , ' '�
<br />� ,, ..
<br />�
<br />�
<br />�
<br />c
<br />Z
<br />_��
<br />��_
<br />n �°�
<br />�a
<br />�_
<br />�
<br />'�' � � � r�r
<br />c�., o --�
<br />c � N �
<br />� � � � � � �
<br />�� � � � � �
<br />o � ""� � C.'7
<br />.� � � � �
<br />o � � �
<br />m - '�7 r-- � �
<br />m � � � C
<br />� � � � �
<br />A OD
<br />-.� �� � p
<br />/C�[T �i7-vr!' = !' �"r�"
<br />WHEN RECORDED MAIL TO:
<br />Five Points 8ank � � Q
<br />Downtown ��d •(y���C, 1 S a 7 �.
<br />598 N Eddy
<br />Grand Islan NE 6$801 ���'d Z FOR RECORDER'S U5E ONLY
<br />FIVE PQINTS B�WWK
<br />DEED �F TRUST
<br />MAXIMUM LIEN. 7he lien of this Deed of Trust shall not exceed at any ona time $200,OOQ.00.
<br />7HIS DEED OF TRUST is dated December 17, 2010, amang GETO, LLC ("Trustar"); Five Points Bank, wh�se
<br />address is Downtown, 598 N Eddy , Grand Island, NE 6$$09 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"1; and (referred to below as '"7rustee"1.
<br />CONVEYANCE AND GRANT. For valuahle consideration, Trustor conveys to Trustee in trust, WI7M POWER OF SAI.E, for the benefit af
<br />Lendar as Beneficiary, all of Trustor's right, title, and interest in and to the following described real prpperty, togather with all existing or
<br />subsequently erected or affixed buildings, improvaments and fixturea; 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 rights, royalties, and profits relatin to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the �� Real Property IOGBtB in HALL
<br />County, State of Nebraska:
<br />I.OI' FIVE (�1, AND SIX (�1, �LOCK THIRTY SIX (361, IN LAMB�Rl'"S ADDITION TO THE CITY OF GRAND
<br />ISLAND, MALL COUNTY, N�BRASKA AND THE EAST HALF (E1I2) OF LOTS FIV� (5►, SIX (6), AND SEVEN
<br />(7►, BLOCK ONE (�1, PLEASANT MILI. ADDITION TO THE CITY 0� GRAND ISLAND, HALL COUNTY,
<br />N�BRASKA.
<br />The Real Property or its address is commonly known as 906 �VANS ST , GRAND ISLAND , NE 688U1.
<br />REVOLVING I.IN� OF CREDIT. 7his Deed of Trust secures the Mdabtedness including, without limitation, a revalving line of credit, which
<br />obligates Lender tp make advances to Borrower so long as Borrower complies with all the terms of the Note.
<br />FUTURE ADVANCES. In addition to the Note, this Deed ot 7rust secures all future advances made by Lender to Borrower whether or not
<br />the advances are made pursuant to a commitment. 5pecifically, without limitatian, this Deed of Trust secures, in addition to the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan ta Borrower, together with all intarest thereon; hpwever, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate 5200,000.00.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustnr'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, Trustar grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Prpperty and Rents.
<br />THIS DEED OF TRUST, INCLU�ING 7HE ASSiGNM�N7 OF RENTS ANp THE SECWRI7Y INTEREST IN THE RENTS AND PERSONAG
<br />PRpPERTY, IS GIV�N TO SECURE (A) PAYMEN7 OF THE IND�BTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGA71pNS
<br />UNDER TM� NOTE, THE RELA1'ED DOCUM�NTS, AND TWIS DEED QF TRUST. THIS DEED OF TRUST 15 GIVEN AND ACCEP7ED ON TWE
<br />FOLLQWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this l7eed af Trust is executed at Borrower's request and
<br />not at the request of Lender, (b) Trustor has the full power, right, and authority to enter into this �eed of 7rust and to hypothecate the
<br />I'roperty; (c) the provisivns of this Deed af Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulatipn, court decree or order applicahle to Trustor; (d) Trustor has
<br />established adequate means of obtaining from Borrower on a continuing basis information about 8orrower's financial condition; and (e)
<br />Lender has made no representation to 7rustor about Borrower (including without limitation the creditworthiness pf Borrowerl.
<br />TRU51'OR'S WAIVERS. 7rustor 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 fvr deficiency to the extent l.ender is otherwise
<br />
|