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<br />WHEN RECORDED MAtL 'CO: ,�'7� ���,
<br />Platte Valley State Bank � Trust Company
<br />PVSB Grand Island Branch
<br />810 Allen Dr
<br />Grand Island NE 68803 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated May 9, 2011, among Jama L. Obermiller a/k/a Jama L. Obermiller-Snyder,
<br />whose address is 2015 Stagecoach Rd., Grand Island, NE 68801; a Single Person ("Trustor"); Platte Valley
<br />State Bank & Trust Company, whose address is PVSB Grand Island Branch, 810 Allen Dr, Grand Island, NE
<br />68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Platte Valley State
<br />Bank 8� Trust Company, whose address is 2223 2nd Ave, Kearney, NE 68848 (referred to below as
<br />"Trustee").
<br />CONVEYANCE AND GRANT. For valuable consfderatfon, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the beneflt of
<br />Lender as Beneflclary, all of Trustor's right, title, and interest in and to the following described �eal property, together with aA existing or
<br />subsequently erected or a�xed 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 hts, ro alties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (�he " F�eal Property located in Hall
<br />County, State of Nebraska:
<br />Lot 5, in Regency by the Green Subdlvision, in the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 2015 Stagecoach Rd., Grand lsland, NE 68801. The
<br />Real Property tax identification number is 400Q82195.
<br />FUTURE ADVANCES. In addition to the Note, this Deed af Trust secures all future advances made by lender to Borrower whether or not
<br />the advances are made pursuant to a commitment. 8pecifically, without limitation, this Deed of Trust secures, in addition to the amounts
<br />specifted in the Note, al{ future amounts Lender in its discretion may ioan to BoROwer, together with ali in4erest thereon.
<br />T�ustor presently assigns to Lender (atso 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 Un'rform Commercfal
<br />Code security interest in the Personal Property and Rents.
<br />7HIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF REN7S AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO 3ECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL 08LIGATlONS
<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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants tfiat: (a) this Deed of Trust is executed at Borrower's request and
<br />not at the request af Lender; (b) Trustor has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; (c) the provisions of this Deed of 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 violatton of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has
<br />established adequate means of obtaining from Borrower on a contlnuing basis information about Borrower's ftnancial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIYERS. Trustor 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 for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as othervvise provided in this Deed of Trust, Borrower shalt pay to Lender all {ndebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall perform all their respective obligatians under the Note,
<br />this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTEPIANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower`s and Trustor's possession and use of
<br />the Property shall be govemed 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) callect the Rents from the Property.
<br />Duty to Mafntain. Trustor shali maintain the Property in good condition and prompUy perform all repairs, replacements, and
<br />maintenance necessary to preseive iSs value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the pe�iod of Tn.�stor's ownership
<br />of the Property, there has been no use, generaUon, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or fram the Property; (2) Trustor has no knowledge of, or reason to believe
<br />that there has been, except as prevfously disclosed to and acknowledged by Lender in writing, (a) any breach or violaUon of any
<br />Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actuat 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 authorized user of the Property
<br />shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property;
<br />and (b) any such activity shall be conducted in compAance with all applicable federal, state, and local laws, regulations and
<br />ordinances, including without limitation all Environmental Laws. Tr�stor authorizes Lender 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 Desd 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 of l.ender to Tnastor or to any other person. The representations and
<br />waRanties contained herein are based on 7rustor'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 contribution in the event Trustor 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, losses, liabilities, damages, penalUes, and expenses which Lender may directly or indirectly sustain or suffer resulting from a
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