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<br />WHEN RECORDE� MAiL '9 O;
<br />Exchange Bank
<br />P.O. Box 760
<br />#14 LaBarre
<br />Gibbon. NE 68840 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated July 29, 2011, among O'CONNOR RESIDENTIAL LLC, A
<br />Nebraska Limited Liability Company ("Trustor"); Exchange Bank, whose address is P.O. Box
<br />760, #14 LaBarre, Gibbon, NE 68840 (referred to below sometimes as "Lender" �and
<br />sometimes as "Beneficiary"); and EXCHANGE BANK, whose address is 1204 ALLEN DR / PO
<br />BOX 5793, GRAND ISLAND, NE 68802 (referred to below as °Trustee"�.
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, W(TH POWER OF SALE,
<br />for the benefrt of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real
<br />property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") IoCated in HALL
<br />County, State of Nebraska:
<br />Lots One (1), Two (2), Three (3), Four �4), Seven (7) and Eight (8), Block Fifteen (15),
<br />Kernohan and Decker's Addition and all of Lots Two (2), Three (3), Four (4), Six (6�, Seven
<br />(7), Eight (8D. Nine (9) and T�n ('l01, �lock Tavo (2), Charl�s 1�Vasmer's Addition, all fin the
<br />City of Grand Island, Hall Counfiy, Nebraska EXCEPT a tract more particularly described in
<br />Warranty Deed recorded as Document No. 200608846
<br />The Real Properry or its address is commonly known as 1811 W 2ND ST. GRAND ISLAND, NE
<br />68803. The Real Property tax identification number is 400051982.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, of Trustor to lender, or any one or more of them, es well as all claims by Lender against Trustor
<br />or any one or more ot them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute o� contingent, liquidated or untiquidated, whether Trustor may be liable individuapy or jointly with oihers,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secares all tuture advances made by Lender to Trustor
<br />whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may foan to
<br />Trustor, together with all interest thereon.
<br />Trustor presently assigns to Lertder (also knowrt as Beneficiary in this Deed of Trust) all of Trustor's right, title, and
<br />intarest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br />grants to Lender a Uniform Commercial 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
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE �A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMAIVCE OF
<br />AIdY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERPORMANCE. Except as otherwiss previded in this Deed of Trust, Trustor shall pay to Lender ell
<br />amounis secured by this Deed of Trust as they become due, and shall strictly and in e timely manner perform all of
<br />7rustor's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
<br />Property shall be governed by the foffowing provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />conirol of the Property; (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,
<br />replacements, and maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br />Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal,
<br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property;
<br />(2) Trustor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and
<br />acknowledged by Lender in writing, la) any breach or violation of any Environmental Laws, (b) any use,
<br />generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance
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