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HomeMy WebLinkAbout20074991Nt~M~f?GS'~ + DOC TAX ~' r<~~ CK# FEES~Q.SaPD O. So CK# Oft CHG ACCT# REf FEES;-7^CASH_R.O.D. CK~#;~- REC'Dm - (~Pnevin cS ~D ~Lha~4 RETURN Cirne iA, ~t ~~ ~pnk ;~9~I~I~~i~~V~N~ Anna ' fVliivi ~ 6 - ~'- l~ RD. COMP x ~A~ 3= Sa. COMPARE /''.~ CADAS - AO ADAMS COUNTY, NE FILED r INST. NO. 2001991 DateLL-(,~,~,~Time ~~~ P~ TER OF DEEDS WHEN RECORDED MAIL TO: - Geneva State Bank - Geneva Branch P.O. Box 313 896 G Street Geneva, NE 68361 FOR RECORDER'S USE ONLY DEED OF TRUST THIS DEED OF TRUST is dated November 6, 2007, among Mark A. Nelson and Amy S. Nelson, whose address is 7035 North Constitution Avenue, Kenesaw, NE 68956; Husband and Wife ("Trustor"); Geneva State Bank, whose address is Geneva Branch, P.O. Box 313, 896 G Street, Geneva, NE , 68361 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"1; and GENEVA STATE BANK, whose address is P.O. Box 313, Geneva, NE 68361 (referred to below as "Trustee"). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of Lender as Beneficiary, all of Trustor's right, title, 'and interest in and to the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including 'stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property" 1~ located in Adams County, State of Nebraska: - A tract of land located in the Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4) of Section Sixteen (161, Township Eight 18) North, Range Twelve (1.2); VHest of the 6th P.M., Adams County, Nebraska, described.as follows: Commencing at the Southeast corner of said Section 16; thence 345.0 feet West; thence 560.0 feet North; thence 345.0 feet East; thence 560.0 feet South to the Place of Beginning. The Real Property or its address is commonly known as 7035 North Constitution Avenue, Kenesaw, NE 68956. The Real Property tax identification number is 60-822. REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving line of credit, which obligates Lender to make advances to Trustor so long as Trustor complies with all the terms of the Credit Agreement. Such advances may be made,, repaid, and remade from time [o time, subject to the limitation that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rate br sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as provided in~this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in [he Credit Agreement and any intermediate balance. Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, end interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest ih the Personal Property and Rents. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE IAI PAYMENT OF THE INDEBTEDNESS AND IBI PERFORMANCE OF EACH OF TRUSTOR'S AGREEMENTS AND OBLIGATIONS UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: ~ ' PAYMENT AND PERFORMANCE. Except as otherwise provided in this~Deed of Trust, Trustor shall pay to Lender all amounts secured by this Deed of Trust as [hey become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit Agreement, this Deed of )'rust, and the Related Documents. POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed by the following provisions: ' Possession and Use. Until the occurrence of an Event of Default, Trustor may (11 remain in possession and control of the Property; (2) use, operate or manage the Property; and 131 collect [he Rents from the Property. Duty to rJlaintain. Truster sh;:dl maintain the Property in good co_ndi[ion and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. ~ ' Hazardous Substances. Trustor represents and warrants that the Property never has been, and never will be so long as this Deed of . Trust remains a lien on the Property, used for the generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance in violation of any Environmental Laws. Trustor authorizes Lender and its agents to enter upon the - Property to make such inspections and tests as Lender may deem appropriate to determine compliance of the Property with this section of the Deed of Trust. Trustor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under any such laws, and 121 agrees to indemnify, defend, and hold . harmless Lender against any and all claims and losses resulting from a breach of this paragraph of the Deed of Trust. This obligation to indemnify and defend shall survive the payment of the Indebtedness and the satisfaction of this Deed of Trust. DUE ON SALE -CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the Real Property, or any interest in the Real Property. A "sale or transfer" means the conveyance of Real Property or any right, title or irterest in the Real Property; whether legal, beneficial or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a term greater Shan three 131 years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding title to the Real Property, or by any other method of conveyance of an interest in the Real Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Nebraska law. TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are part of this Deed of Trust: Payment. Trustor shall pay when due (and in all events prior to delinquency) all taxes, special taxes, assessments, charges (including water and sewer), fines and impositions levied against or on account. of the Property, and shall pay when due all claims for work done on or for services rendered or material furnished to the Property. Trustor shall maintain the Property. free of all liens having priority over or equal to the interest of Lender under this Deed of Trust, except for the lien of taxes and assessments not due, except for the /af~l .. 007499'.. ~t I:° '; ~5 ° f';F ~~ ..,. r .,.q,~ DEED OF TRUST -- Lbali No27228 ~ ~~ (Continued) - ----~-~ -_..__ - "`,Page 2 Existing Indebtedness deferred to below, and except as otherwise provided in this Deed of Trust. ; ~" ~. _~~ __ ~ _ __ ,.,~ g p g g this Deed'of Trust. PROPERTY DAMAGE INSURANCE: The followin rovisions relatin to insurin the Property are a part.of,_ ~ ~ `~' . Maintenance of.lnsurance; Trustor shall procure and maintain policies of fire insurance with standard extended coverage: endorsements on~a~fair value basis for the full insurable value.covering.all Improvements on the Real Property~in an~~emount~sufficient to avoid application of any coinsurance clause,.and_with.,a;stendard.,mgrtgagee.clause in favor of"Lender, together with such other hazard and liability insurance as. Lender may reasonably require. Policies shall be written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the policies or certificates of insurance in~fgrm satisfactory to Lender, including stipulations that coverages will not be cancelled or diminished. without at least ten.jl0) days. prior written notice to Lender. Each insurance policy also shall include an endorsement providing that coverage in~favor of Lender will no[ be impaired in any way by any act, omission or default of Trustor or any other person. Should the Real Property be~ldcated in an area designated by the Director of ' the Federal Emergency Management Agency as a special flood hazard area, Trustor agrees to obtain and maintain Federal Flood Insurance, if available, for the maximum amount of Trustor's credit line and the full unpaid principal balarice of any prior liens on the property securing the loan, up to the maximum policy limits set under the National Flood Insurance Program, or as otherwise required by Lender, and to maintain such insurance for~the term of the loan. ~ ~ ~ .. LENDER'S EXPENDITURES. If Trustor"fails (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other claims, IB1 to provide any required insurance on the Property, (CI to make repairs to the Property or to comply with any obligation to maintain Existing Indebtedness in good standing as required below, then Lender may do so. If any action or proceeding is commenced that would materially affect Lender's interests in the Property, then Lender on Trustor's behalf may, but is not required to, take any action that Lender believes to be appropriate to protect Lender's interests. All expenses incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Credit Agreement from the date incurred or paid by Lender to the date of repayment by Trustor. All such expenses will become a part of the Indebtedness and, at Lender's option, will IAI be payable on demand; IBI be added to the balance of the Credit Agreement and be apportioned among and be-payable with any installment payments to become due during either (11 the term of any applicable insurance policy; or (2) .the remaining term of the Credit Agreement; or (CI be treated as a balloon payment which will be due and payable at the Credit Agreement's maturity. ~ " WARRANTY;.DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust: Title'. Trustor warrants that: (a) Trustor holds good.and:marketable title.of:record to the.Property"in fee simple, free and cleai of all '" liens and encumbrances other than those set forth in the Real Property descriptign or inthe Existing Indebtedness section below or in any title insurance policy; title report,-or final title opinion issued in favor of, and accepted by, Lender in connection with this~Deed of 'Trust, and Ib) Trustor has the full right, power, and authority to execute and deliver this Deed of Trust to Lender. Defense of Title.. Subject to the exception in the paragraph above, Trustor warrants and will forever defendthe title to the Property against the lawful claims of all persons. EXISTING INDEBTEDNESS. The following provisions concerning Existing Indebtedness are a part of this Deed of Trust: Existing Lien. The lien of this Deed of Trust securing the Indebtedness may be.secondary and inferior to an existing lien. Trustor expressly covenants and agrees to pay, or see to the payment of, the Existing Indebtedness and to prevent any default on such indebtedness, any default under the instruments evidencing such"indebtedness, or any default under any security documents for such indebtedness. EVENTS OF DEFAULT'. Trustor will be in default under this Deed of Trust if any of the following happen: IAI Trustor commits fraud.gr -makes-o~:material•misrepresentation at any time in-connection with the Credit Agreement. Tfiisdan ihclude, for example, a false statement about Trustor's income, assets, liabilities, or any other aspects of Trustor's financial condition. IBI Trustor does not meet the repayment terms of the Credit Agreement. IC) Trustor's action or inaction adversely affects the collateral or Lender's rights in the collateral. This can include, for example, failure to maintain required insurance, waste or destructive use of the dwelling, failure to pay taxes, death of all persons liable on the account, transfer of title or sale of the dwelling, creation of a senior lien on the dwelling without Lender's permission, foreclosure by the holder of another lien, or [he use of funds or the dwelling for prohibited purposes. RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default under any indebtedness, or should Trustor fail to comply with any of Trustor's obligations under this Deed of Trust, Trustee or Lender may exercise any one or mare of the following rights and remedies: Acceleration Upon Default; Additional Remedies. If any Event of Default occurs as per the terms of the Credit Agreement secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust to be due and payable and the same shall thereupon become due and payable without any presentment, demand, protest or notice of any kind. Thereafter, Lendermay: (al Either in.person or by agent, with or without bringing any action of proceeding; or by a receiver appointed by a court and without regard to the adequacy of its security,. enter upon and take possession of the Property, or any part thereof, in its own name or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve the value, marketability or rentability of the Property, or part of the Property or interest in the Property; increase the income from the Property or protect the security of the Property; and, with or without taking possession of the Property, sue for or otherwise collect the rents, issues and profits of the Property, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection attorneys' fees, to any indebtedness secured by this Deed of Trust, all in such order as Lender may determine. The entering upon and taking possession of the Property, the collection of such rents, issues and profits, and the application thereof shall not cure. or waive any default or notice of default under this Deed of Trust or invalidate any act done in response to such default or pursuant to such notice of default; and, notwithstanding [he continuance in possession of the Property or the collection, receipt and application of rents, issues or profits, Trustee or Lender shall be entitled to exercise every right provided for in the Credit Agreement or [he Related Documents or by law upon the occurrence of any event of default, including the right to exercise the power of sale; (bl Commence an action to foreclose this Deed of Trust as a mortgage; appoint a receiver or specifically enforce any of the covenants hereof; and ...._.. c _...,...x~~.: .., -,_. ~ " ~ '~ Ic) Deliver to Trustee a written declaration of default and demand for sale and a written notice of default and election to cause Trustor's interest in the Property to be sold, which notice Trustee shall cause to be duly filed for record in the appropriate offices of the County in which the Property is located; and (d) With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party under the Nebraska Uniform Commercial Code. Foreclosure by Power of Sale. If Lender elects to foreclose by exercise of the Power of Sale herein contained, Lender shall notify Trustee end shall deposit with Trustee this Deed of Trust and the Credit Agreement and such receipts and evidence of expenditures made and secured by this Deed of Trust as Trustee may require. (al Upon receipt of such notice from Lender, Trustee shall cause to be recorded, published and delivered to Trustor such Notice of Default and Notice of Sale as then required by law and by this Deed of~Trust. Trustee shall, without demand on Trustor, after such time as may then. be required by law and after recordation of such Notice of Detault and after Notice of . Sale having been. given, as required by-law, sell the Property-ai the time"and place of sale fixed by it in such Notice of Sale, either, as a whple, or.in separate lots. or, parcels or items as Trustee shall deem expedient; and in such order as it may• determine, at.public.auction [o the highest bidder for cash in.lawful money of the United~States payable at the time of sale. Trustee shall deliver to .such purchaser or purchasers thereof its goodand sufficient deed~~or deeds conveying the-property so sold, but without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including without limitation Trustor, Trustee, or Lender, may purchase at such sale. Ib) As may be permitted by law, after deducting all casts, fees and expenses of Trustee and of this Trust, including costs of evidehce.of title in connection with sale, Trustee shall apply the proceeds of sale to payment of (i) all sums expended under the terms of this Deed of Trust or under the terms of the Credit Agreement not then repaid, including but no[ limited to aOfy a. j. ;;, ..., x;~. Loan No: 127228 DEED OF TRUST (Continued) 20074991 Page 3 accrued interest and late charges, (ii) all other sums then secured hereby, and (iii) the remainder, if any, to the person or persons legally entitled thereto. , Icl Trustee may in the manner provided by law postpone sale of all or any portion of the Property. Remedies Not Exclusive. Trustee and Lender, and "each of them, shall be entitled to enforce payment and performance of any indebtedness or obligations secured by this Deed of Trust and to exercise all rights.andpowers under this Deed of Trust, under the Credit Agreement, under any of the Related Documents, or under any other agreement or any laws now or hereafter in force; notwithstanding, some~or all of such indebtedness and obligations secured by, this Deed of Trust may now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement, whether by court action or pursuant to the power of sale or other powers contained in this Deed of Trust, shall prejudice or in any manner affect Trustee's or Lender's right to realize upon or enforce any other security now or hereafter held by Trustee or Lender, it being agreed that Trustee and Lender, and each of them, shall be ertitled to enforce this Deed of Trust and any other security now or hereafter held by Lender or Trustee in such order and manner as they or either of them may in their absolute discretion determine. No remedy conferred upon or reserved to Trustee or Lender, is intended to be exclusive of any other remedy in this Deed of Trust or by law provided or permitted, but each shall be cumulative and shall be ih~addition to every other remedy given in this Deed of Trust or now or hereafter ezisting.at law or in equity or by statute. Every-power or remedy given by the Credit Agreement or any of the Related Documents to Trustee or Lender or to whicFi-eitherof them may-be~other~iseentitled, may be exercised, concurrently or independently, from time to time and as often as may be.deemed expedient by Trustee or Lender, and either of them may pursue inconsistent remedies. Nothing in this Deed of Trust shall be construed as prohibiting Lender from seeking a deficiency judgment against the Trustor to the extent such action is permitted by law. Election of Remedies. All of Lender's rights and remedies will be cumulative and may be exercised alone or together. If Lender decides to spend money or to perform any of Trustoe's obligations under this Deed of Trust, after Trustor's failure to do so, that decision by Lender will not affect Lender's right to declare Trustor in default and to exercise Lender's remedies. " Request for Notice. Trustor, on behalf of Trustor and Lender, hereby requests that a copy of any Notice of Default and a copy of any Notice of Sale under this Deed of Trust be mailed to them at the addresses set forth in the first paragraph of this Deed of Trust. Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of [he terms.of this Deed of Trust, Lender shall be entitled to recover such sum as the court may adjudge reasonable as attorneys' fees at trial and upon any appeal. Whether or not any court action is involved, and to the extent not prohibited~by law, all reasonable expenses Lender incurs that,in Lender's opinion are necessary at any time for the protection of its interest or the enforcement of its rights sfiall become a part of the"Indebtedness payable on demand and shall bear interest at the Credit Agreement rate from the date.of the expenditure until repaid. Expenses covered by this paragraph include, without limitation, however subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses, whether or not there is a lawsuit, including attorneys' fees and expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post-judgment collection services, the cost of searching records, obtaining title reports (including foreclosure reports), surveyors' reports, and appraisal fees, title insurance, and fees for the Trustee, to the extent permitted by applicable law. Trustor also will pay any court costs, in,addition to all other sums provided by law. MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust: Governing ,Law. This Deed of Trust will be governed by federal'liiw applicable to Lenderand, to the extent not preempted by federal law, the laws of the State of Nebraska without regard to its conflicts of law provisions. This Daed of Trust has been accepted by Lender in the State of Nebraska. " Choice of Venue. If there is a lawsuit, Trustor agrees upori Lender's requesfto submit to the'jurisdictibn of'the~'courts of>Fillinoe,-~~." County, State of Nebraska. Time is of the Essence. Time is of the essence in the performance of [his Deed of Trust. Waiver of Homestead Exemption. Trustor hereby releases and waives all rights and benefits of the homestead exemption laws of the State of Nebraska as to all Indebtedness secured by.this Deed of Trust. DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust: Beneficiary. The word "Beneficiary" means Geneva State Bank, and its successors and assigns. Borrower. The word "Borrower" means Mark A. Nelson and Amy S. Nelson and includes all co-signers and co-makers signing the Credit Agreement and all their successors and assigns. , Credit Agreement. The words "Credit Agreement" mean the credit agreement dated November 6, 2007, with credit limit of $22,700.00 from~Trustor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for the promissory note or agreement. NOTICE TO TRUSTOR: THE CREDIT AGREEMENT CONTAINS A VARIABLE INTEREST RATE. Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation all assignment and security interest provisions relating to the Personal Property and Rents. Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes, regulations and ordinances relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"1, the Superfund Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499 ("SARA"), the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq., the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal laws, rules, or regulations adopted pursuant thereto. " Event of Default. The words "Event of Default" mean any of the events of default set forth in this Deed of Trust in the events of default section of this Deed of Trust. Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness-described-in~the Existing~Liens provision of~this Deed of Trust. Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on the Real Property, facilities, additions, replacements and other construction on the Real Property. Indebtedness. ,The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Credit Agreement or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Credit Agreement or Related Documents and any amounts expended or advanced by Lender to discharge Truster's obligations or expenses incurred by Trustee or Lender to enforce Trustor's obligations under this Deed of Trust, together with interest on such amounts as provided in this Deed of Trust. Lender. The word "Lender" means Geneva Slate Bank, its successors and assigns. The words "successors or assigns" mean any person or company that acquires any interest in the Credit Agreement. Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or hereafter.,owned by Trustor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts,. and additions to, all replacements of, and all substitutions for, any of such property; and together with"all proceeds (including without limitation all insurance proceeds and refunds ofpremiumsl~from any sale or other disposition ofthe Property. Property. The word "Property" means collectively [he Real Property and the Personal Property. Real Property. The words "Real Property" mean [he real property, interests and rights, as further desgribed in this Deed of Trust. Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness. ~.of~) Loan No: 127228 DEED OF TRUST (Continued) 20074991 Page 4 Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived from the Property. ,. Trustee. The word "Trustee" means GENEVA STATE BANK, whose address is P.O. Box 313, Geneva, NE 68361 and any substitute or successor trustees. Trustor. The word "Trustor" means Mark A. Nelson and Amy S. Nelson. EACH TRUSTOR ACKNOWLEDGES'HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH TRUSTOR AGREES TO ITS TERMS. TRUSTOR: INDIVIDUAL ACKNOWLEDGMENT STATE OF ~~ 1 ISS COUNTY OF ~ 1 On this day before me, the undersigned.Notary Public, personally appeared Mark A. Nelson and Amy S. Nelson, Husband and Wife, to me known to be the individuals described in and who executed the Deed of Trust, and acknowledged that they signed the Deed of Trust as their free and voluntary act and deed, for the uses a d purposes therein mentioned/. /~/~~ ~ //~I - Given under my hand and official seal this ~ ~ day of ' J~ /" ~I~P/jyl~( , 20 ~ ~ . GENERAL NOTARY-State of Nebraska Notary Public ~nd or `he St to of `~ ~• j JAN STOIDORF Residing at ""= ""++ My Comm. Ezp. A9ay 30, 2010 -----~~-_-" ~ - Pny commission expires I~L7-' ~ Q REQUEST FOR FULL RECONVEYANCE (To be used only when obligations have been paid in full) To: ,Trustee The undersigned is [he legal owner and holder of all Indebtedness secured by this Deed of Trust. All sums secured by this Deed of Trust have been fully paid and satisfied. You are hereby directed, upon payment to you of any sums owing to you under the terms of this Deed of Trust or pursuant to any applicable statute, to cancel the Credit Agreement secured by this Deed of Trust (which is delivered to you together with this Deed of Trustl, and to reconvey, without warranty, to the parties designated by the terms of this Deed of Trust, the estate now held by you under this Deed of Trust. Please mail the reconveyance and Related Documents to: Date: Beneficiary: ey: Its: Hxlsntl ilnr[I,I $[Wlbn4lnc. 199), 1C0I. 111 RIyNl, R,[e,veJ. NE F:\LENOING\CN\lPl\GOI.FC 1R~111]5' PR~19 ~ df ~- /