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<br />Platte Valley State Bank 8 Trust Company
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<br />THIS DEED OF TRUST is dated June 17, 2011, among Norman D. Saale, whose address is 1314 S Harrison
<br />St., Grand Island, NE 68803 and Phyllis B. Saale, whose address is 1314 S Harrison St, Grand Island, NE
<br />68803; as Husband and Wife ("Trustor"); Platte Valley State Bank 8� Trust Company, whose address is PVSB
<br />Grand Island Branch, 810 Allen Dr, Grand Island, NE 68803 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and Platte Valley State Bank 8� Trust Company, vuhose address is 2223 2nd Ave,
<br />Kearney, NE 68848 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideratlon, Trustor conveys ta Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneflciary, 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 ri hts, ro alties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the " F�eal Property located in Hall
<br />County, State of Nebraska:
<br />Lot One (1), Brach's Fifth Subdivision, to the City of Grand Island, Hall Caunty, Nebraska.
<br />The Real Properly or its address is commonly known as 1314 S Harrison St., Grand Island, NE 68803. The
<br />Real Property ta�c identification number is 400024128.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Tcustor 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.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of 7rust} all of Trustor's right, title, and interest in and to afl
<br />present and future Ieases of the Property and all Rents from the Property. In addition, Trustar 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 INDBBTEDNESS AND (B) PERFORMANCE QF ANY AND ALL OBUGATIONS
<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 Dead of Trust, Trustor shatl pay to Lender afl amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner pertorm all of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSE5SION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />govemed by the following provisions:
<br />Possession and Use. Until the occumence 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 Mairrtafn. Trustor shatl maintain the Properly in good condition and premptly pertorm all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compllance With Environmental Laws. 7rustor represents and wanants to Lender that: (1) During the period of Trustor's ownership
<br />ofi the �roperty, there has been no use, generation, manufacture, storage, 4reatmen4, dispasal, release or threa4ened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowtedge 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 violation of any
<br />Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, releasa 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 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 authorized user of the Properly
<br />shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Praperty;
<br />and (b) any such activity shall be conducted in compliance with all applicable federat, state, and local laws, regulations and
<br />ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property
<br />to make such inspections and tests, at Trustors 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 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 Lender to Trustor or to any other person. The representations and
<br />warranties contained herein are based on Trustor'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, liabiliUes, 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 defend, 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 />Nuisance, Waste. Trustor shall not cause, conduct or petmit any nuisance nor commit, permit, or suffer any stripping of or waste on
<br />or to the Property or any poction of the Property. Without limiting the generality of the foregofng, Trustor witl not remove, 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 of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lender's prfor
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