|
�
<br />—
<br />��
<br />A ��
<br />� ��
<br />�S -
<br />B
<br />Cn ��
<br />� ��
<br />� ���
<br />�
<br />�
<br />��
<br />��
<br />�
<br />.��
<br />r
<br />/�
<br />'�41
<br />C
<br />S v
<br />� � �
<br />�
<br />� _
<br />�
<br />� �
<br />� �
<br />•
<br />0
<br />���
<br />z _
<br />�
<br />� r,��":
<br />o ,;-,
<br />m �.;'`.
<br />c (
<br />v� r'_:.
<br />�
<br />m
<br />:�
<br />o (�`�
<br />c� S : .
<br />m �
<br />rn
<br />0
<br />�
<br />t".`•
<br />r
<br />�---�
<br />._..
<br />T�
<br />rn
<br />cz�
<br />N
<br />�
<br />�
<br />�
<br />�
<br />�
<br />�''
<br />C� Cl>
<br />O —�
<br />G �
<br />� m
<br />�
<br />-< a
<br />0 �
<br />-n �
<br />-- rn
<br />� �
<br />t- �1
<br />r n
<br />�
<br />�
<br />D
<br />��
<br />cn
<br />�
<br />Y+
<br />�
<br />C
<br />�
<br />.�
<br />WHEN RECORDED MAIL TO:
<br />� Five Points Bank
<br />` Downtown
<br />518 N Eddy
<br />Grand Island NE 68801 FOR RECORDER'S USE ONLY
<br />FI VE POINTS BAIVK
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 525,305.00.
<br />THIS DEED OF TRUST is dated February 23, 2011, among BEN C LOBO AND GLENDA L LOBO, HUSBAND
<br />AND WIFE. ("Trustor"); Five Points Bank, whose address is Downtown, 518 N Eddy , Grand Island, NE 68801
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points Bank, whose
<br />address is P.O Box 1507, Grand Island, NE 68802-1507 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender 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 rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") IoCated In HALL
<br />County, State of Nebraska:
<br />THE EAST TWENTY TWO FEET (E22') OF LOT SEVEN (7) AND ALL OF LOT EIGHT (8), BLOCK TWENTY
<br />NINE (29►, ORIGINAL TOWN, NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The Real Property or its address is commonly known as 224 E 4TH ST , GRAND ISLAND , NE 68801.
<br />FUTURE ADVANCES. In addition to the Note; 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 limitation, this Deed of Trust secures, in addition to the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon; however, in no
<br />event shall such future advances (excluding interestl exceed in the aggregate S25,305.00.
<br />Trustor presently assigns to Lander (also known as Beneficiary in this Deed of Trust) ail 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 OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE Of THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<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 Maintain. Trustor shall maintain the Property in tenantable 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 ihat: (1) During the period of Trustor's ownership
<br />Q
<br />N
<br />O
<br />'""a
<br />t--"
<br />O
<br />F--`
<br />c1�
<br />GO
<br />E.L�
<br />�/�,�
<br />
|