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<br />WHEN ECORDED MAIL TO: jG-�
<br />Cornerstone Bank �fQ'
<br />Central City Facility -
<br />1631 16th 5traet
<br />Central Cit NE 68 26-9$95 F Fi RECORDER'S US6 ONLY
<br />DEED OF TRUST
<br />THIS DE�D OF TRUST is dated December 23, 2Q90, among Amy 5. Manchester and Scott C. Manchester;
<br />Husband and Wife ("Trustor"1; Carn�rstone Bank, whose address is Central City Facility, 1631 16th Street,
<br />Central City, NE 68826-1815 (referred #a below sometimes as "Lender" and sometimes as "Beneficiary"1; and
<br />CORNERSTONE BANK, whase address is 529 LINCOLN AVENUE, YORK, NE 68467 (referred to below as
<br />"Trustee").
<br />CQNVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in Yrust, WITH POWER OF SAL�, for tha penefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the follawing described real property, together with all existing or
<br />subsequently arected 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 rights, royalties, and profits relatin to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (th@ " Real Property IOCBtB in HALL
<br />County, State of Nebraska:
<br />L,ot 2 of Dahlke Subdivision in the City of Grand Island, Hall County, Nebraska
<br />7he Real Property or its address is cammonly known as 210 S MAIN ST, GRAND ISLAND, NE 68801. The
<br />Real Property tax identificatian numbar is 400040352.
<br />REVOLVING LINE OF CREDIT. This Deed of 1"rust secures the Indebtedness including, without limitation, a revolving line of credit, which
<br />obligates Lander to make advances to Trustor so long as Trustor complies with all the terms af the Credit Agreament. Such advances may
<br />be made, rep�id, and ramade from time to time, subject to the limitation that the total outstanding 6alance owing at any ane tima, not
<br />including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporary overages,
<br />other charges, and any amounts expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not
<br />excaed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the
<br />balance outs#anding under the CrediY Agreement from time to time from zero up to the Credit Limit as provided in tha Cradit Agreement
<br />and any intermediete balanca.
<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 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 QF TRUS7, INCLUDING TWE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSQNAL
<br />PHOPERTY, IS GIVEN TO S�CURE (A) PAYMENT OF THE INDEBTEDNE55 AND (B) PERFORMANCE OF EACH OF TRUSTOR'S
<br />AGRE�MENTS AND OBLIGATIONS UNDER 7HE CREDIT AGREEMENT, THE RELATEp bQCUMEN7S, AN� THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON 7HE FQLLQWING TERMS:
<br />PAYM�NT AND PERFORMANCE. Except as otherwise provided in this Deed ot Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of 7rust as [hey become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit
<br />Agreement, this Deed of Trust, and the Related Documents.
<br />POSSES51pN AND MAINTENANCE OF THE PROP�RTY. Trustor agrees that 7rustar's possession and use of the Property shall be
<br />governed by the following provisions:
<br />Possassion and Use. Until the occurrence of an �vent 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 Maintain. Trustor shall maintain the Property in good condition and promptly perform all rapairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Cvmpliance With Environmental Laws. 7rustor represents and warrants to Lender that: 11) buring the period of Trustor's ownership
<br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release af any
<br />Hazardous Substance 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 disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
<br />Environmental Laws, (b) any use, generation, manufacture, starage, treatment, dispo�al, release or threatened release of any
<br />Hazardaus Substance on, under, about or frqm the Property by any prior owners or occupants of the Property, or (c) any actual or
<br />threatened litigation ar claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
<br />acknowlsdged by Lender in writing, lal neither Trustor nor any tenant, contractor, agent or other authorized user of the Property
<br />shall use, ganerate, manufacture, store, treat, dispase of or release any Hazardous Substance on, under, a6aut or from the Property;
<br />and (b) any such activity shall ba conducted in compliance with all applicable federal, state, and local laws, reguletions and
<br />ordinances, including without limitation all Environmental Laws. Trustor authorizes Lendar and its agents to enter upon the Property
<br />to make such inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the Property
<br />with this section of the Deed of Trust. Any inspections or tests mada by Lender shall be for Lender's purposes only and shall not be
<br />construed to create any responsibility or liability on the part of Lender to Trustor or to any other person. The representations end
<br />warranties contained herein are based on Trustor's due diligence in investigating the Property for Wazardous Substances. Trustor
<br />hereby (1) releasas and waives any future claims against Lender for indemnity or contribution in the event Trustar 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, lasses, liabilities, damages, penaltiss, and expenses which Lender may directly or indiractly sustain or suffer resulting from a
<br />breach of this sectian of the Deed of Trust or as a cvnsequsnce of any use, generation, manufacture, storage, disposal, release or
<br />threa[ened release occurring prior to Trustor's ownership or interest in tha Property, whether or not the same was or should have
<br />been known to Trustor. The provisions of this section of the �eed of Trust, including tha obligation to indemnify and defend, shall
<br />survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of this Deed of Trust and shall nat be
<br />affected by Lender's acquisition of any interest in the Property, whether by foreclosure or otherwise.
<br />Nuisance, 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 no# remove, or grant to
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