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<br />WH�N R�CORDED MAIL TO:
<br />Platte Valley State 8ank 8� Trust Company
<br />PVSB Grand Island Branch
<br />87p Allen Dr �•d ��6r�6i �'/� �'
<br />Grand Ialand. N 688 3 /.F�.P'/J�,� 99.��
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated pecember 13, 2010, among Clinton Mankin, whose address is 4017
<br />Indianhead Drive, Grand Island, N� 68803 and Sharon Mankin, whose address is 4017 Indianhead Drive,
<br />Grand Island, NE 68803; as Husband and Wife ("Trustor"); Platte Valley State Bank &� Trust Company, whose
<br />address is PVSB Grand Island Branch, 810 Allen Dr, Grand Island, NE �8803 (referred to below sometimes as
<br />"Lender" and sometimes as "Bene�ciary"); and Platte Valley State Bank & Trust Company, whose address is
<br />2223 2nd Ave, Kearney, NE 6884$ (referred to below as "Trustee").
<br />CONVEYANC� AND GRANT. For valuable consideration, Trustor conveys to Trustee in truat, WITH POWER OF SAI.E, for the benefit of
<br />Lender as Baneficlary, all pf Trustor's right, title, and interest in and to the folipwing dsscribed raal 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 hks, rq altiss, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the " I�eal Property IOCatBd in Hall
<br />County, State of Nebraska:
<br />Lot Ten (10), Indian head Seventh Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 4Q17 Indianhsad Drive, Grand Island, NE 688p3.
<br />The Real Property tax identification number is 400414317.
<br />FUTURE ADVANC�S. In addition to the Note, this Deed of Trust secures all future advances made by Lender ta Trustor whether or not the
<br />advances are made pursuant to a cnmmitment. Specifically, without limitatinn, this Deed of Trust secures, in addition to the amounts
<br />speci�ed in the Note, all futura amounts Lender in its discretion may Ioan to Trustor, together with all interest thereon.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this �eed of Trust) all of Trustor's right, titls, and interest in and to atl
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED pF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTERES7 IN THE RENTS AND PERSONAL
<br />PRQPERTY, IS GIVEN Tp SECURE (A) PAYMENT OF THH INDEBTEDNESS AND (B) PHRFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UND�R 7HE NOTE, THE RELATED DQCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST I$ GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. �xcept as otherwise provided in this Deed of Trust, Trustor shall pay ta Lender all amounts secured by
<br />this Deed of Trust as they become dus, and shall strictly and in a timely manner pertorm all of Trustor's obligations under the Note, this
<br />Dsed of 7rust, and the Related Documents.
<br />POSSESSION AND MAtNTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />gpverned by the following pravisions:
<br />Possession and Use. Until the occurrence of an Event of Default, 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 Maintaln. Trustor shall maintain the Property in gnod condition and promptly perform al� repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compllance 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 />Hazardaus Su6stance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />that there has been, except as previously disciosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental l.aws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or frpm the Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
<br />acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other autharized user of the Property
<br />shall use, generate, manufacture, store, treat, dispose of or release any Hazardous 5ubstance an, under, about or from the Property;
<br />and (b) any such activity shall bo conducted in compliance with aA applicable federal, state, and Iocal laws, regulations and
<br />ordinances, including without Iimitation all Environmental Laws. Trustnr authorizea Lender and its agents ta enter upon the Property
<br />to make such inspectipns and tests, at Trustor's expense, as Lender may dsem appropriate to determine compliance qf the Prpperty
<br />with this section of the I�eed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and shall not be
<br />construed to create any responsibility or liability on the part qf Lender to Trustor or to any other person. The representations and
<br />warranties cpntained hsrein are based on Trustq�'s due diligence in investigating the Property for Hazardous Substances. Trustor
<br />hereby (1) releases and waives any future claims against Lender for indemnity or contri6ution in the event Trustor becomes liable for
<br />cleanup or other cqsts 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 or indirectly sustain or suffer resulting from a
<br />breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release 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 def�nd, shall
<br />survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of this Deed of Trust and shall not be
<br />affected by Lender's acquisition of any interest in the Property, whether by foreclosure or otherwise.
<br />Nulsance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, ar suffer any stripping of or waste on
<br />or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remov�, or grant to
<br />any other party the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products
<br />without Lender's prior written consent.
<br />Removal af Impravaments. Trustor shall not demolish or remove any Improvements from the Real Property without Lender's prior
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