|
��
<br />���
<br />0 ��
<br />, ------
<br />A ��
<br />N ��
<br />�
<br />� ��
<br />��
<br />��
<br />��
<br />�
<br />��
<br />��it
<br />C
<br />=�v
<br />A �
<br />� _
<br />= t)
<br />A �
<br />��
<br />�
<br />d
<br />x�
<br />D �'.
<br />- {.
<br />o,
<br />� � _...
<br />m
<br />n
<br />� �
<br />_.�
<br />i�7
<br />T '" .,
<br />� � ..
<br />rR
<br />o �'
<br />cn
<br />�
<br />� c� cr�
<br />�—' o --i
<br />� C D
<br />� z --�
<br />� ��
<br />-< �
<br />�
<br />�
<br />�
<br />�
<br />0
<br />CIl
<br />C�
<br />Q T
<br />T, �
<br />� m
<br />n w
<br />r �
<br />r n
<br />�
<br />�
<br />n
<br />�
<br />�
<br />C�
<br />N
<br />0
<br />�
<br />F-�
<br />O
<br />N
<br />rn
<br />GJ"1
<br />Q�
<br />�
<br />�
<br />v
<br />�
<br />�
<br />�
<br />C
<br />�
<br />�
<br />�
<br />R / �
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />West Branch
<br />2009 N. Diers Ave.
<br />Grand Island, NE 68803 FOR RECORDER'S USE ONLY
<br />FIVE PD►NTS BANK �, �
<br />��
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated March 31, 2011, among JEFFREY R KLEIN and LISA M WILLIAMS, HUSBAND
<br />AND WIFE ("Trustor"); Five Points Bank, whose address is West Branch, 2009 N. Diers Ave., Grand Island, NE
<br />68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points Bank,
<br />whose 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, oi�, gas, geothermal and similar matters, (the "Real Property") IoCated in HALL
<br />County, State of Nebraska:
<br />The Easterly Thirty Eight Feet (38') of Lot One (1), Block Seven (71, Dill & Huston's Addition in the City of
<br />Grand Island, Hall County, Nebraska and Lot Eight (8), in Block Fifteen (151, Boggs and Hill's Addition to
<br />the City of Grand Island, Hall County, Nebraska, Excepting a tract of land more particularly described in
<br />Joint Tenancy auit Claim Deed recorded as Document No. 79-001815.
<br />The Real Property or its address is commonly known as 2103 W 10th ST, GRAND ISLAND, NE 68803-3611.
<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 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 good 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 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 />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, storage, treatment, disposal, release or threatened release of any
<br />
|