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ADAMS COUNTY, NE
FILED
INST. N0. ` ~ 4 ~ `~
Date.la-19-d7 TimeL
~~m,~aw ~i' ~O`~irw'cnl
RF~`QT~R OF DEEDS
' ~ COMPARE d,~s/
CADAS - AO -~ %
WHEN RECORDED MAIL TOr _- _
HASTINGS STATE BANK ,:,. ~ ~ ~ ,
MAIN BRANCH
JI 530 N BURLINGTON ~~
"P` PO BOX 2178
HASTINGS, NE 68902.'; ~ FOR RECORDER'S USE ONLY
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DEED OF TRUST
THIS DEED OF TRUST is dated December 13, 2007, among RONALD J. BUSH and LISA K. BUSH; Husband
and. Wife ("Trustor");.HASTINGS STATE BANK, whose address is MAIN BRANCH, 530 N BURLINGTON, PO
BOX 2178, HASTINGS, NE 68902 (referred to below sometimes as: "Lender" and sometimes as
"Beneficiary"1; and HASTINGS STATE BANK, whose address is 530 N. BURLINGTON, HASTINGS, NE 68901
(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 es 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 PfOperty") located in
ADAMS County, State, of Nebraska:
THE EAST HALF ~E 1/2) OF" THE SOUTH HALF IS 1/2) OF LOT TEN (10), BLOCK SIX (6), COLLEGE
ADDITION TO THE' CITY OF HASTINGS, ADAMS COUNTY, NEBRASKA, ACCORDING TO THE RECORDED
PLAT THEREOF
The Real Property or its" address is commonly known as 239 EAST 7TH ST, HASTINGS, NE 68901.
CROSS-COLLATERALIZATION. In addition to the Credit Agreement, this Deed of Trust secures all obligations, debts and liabilities, plus
interest thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor or any one or more of
them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Credit Agreement, whether voluntary or
otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated,
whether Trustor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or
otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether
the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. If the Lender is required to give notice of
the right to cancel under Truth in Lending in connection with any additional loans, extensions of credit and other liabilities or obligations of
Trustor to Lender, then this Deed of Trust shall not secure additional loans or obligations unless and until such notice is given.
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 to 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 or 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,the Credit Agreement and any intermediate balance. "~.
Trustor presently assigns tol~'Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
present and future leases oT the Property and' all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
Code security interest in 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 (A) PAYMENT OF THE INDEBTEDNESS AND IB) 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 they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit
Agreement, this Deed of Trust, and the Related Documents. .
POSSESSION AND MAINTENANCE OF TFIE 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 Detault, Trustor may (11 remain in possession and control of the Property;
(2) use, operate or manage the Property; and 13) collect the Rents from the. Property.
Duty to Maintain. Trustor shall maintaih the Property in good condition 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 interest 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 than three 13) 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
/ of~
Loan No: 6119661
DEED OF TRUST
(Continued)
2oo~z~~o~
Page 2
Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Nebraska law.
. r:. :......
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 land. in'all events prior to delinquency) all taxes;'special taxes, assessments, chargeslincluding
.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
Existing Indebtedness ~~eferred to below, and except. as otherwise provided in this Deed of Trust. -
PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property.are a part of this Deed of Trust.
Maintenance of Insurance. Trustor shall procure and maintain policies of~ fire insurance with standard extended coverage
endorsements on a replacement basis for the full insurable value covering all Improvements on the Real Property in an amount
sufficient to avoid application of any coinsurance clause, and with a standard mortgagee clause in favor of Lender, together with such
other hazard and liability insurance as Lender may reasonably require. Policies shall be writteh 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 form satisfactory to Lender, including
stipulations that coverages will not be cancelled or diminished without at least ten (10) days prior written notice to Lender. Each
insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impaired in any way by any
act, omission or defauft`of Trustor or any other; person. Should the Real Property be located 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, within 45 days after notice is given by Lender that the Property is located in a special flood hazard area, for the
maximum amount of Trustor's credit line and the full unpaid principal balance of any prior liens on the property securing the loan, up
to the maximum policy-limits set urider 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 (AI to keep the Propetty free of all taxes, liens, security interests, encumbrances, and other
claims, . IBI to provide any required insurance on the Property, ICI 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 Tiustor's.behalf may, but is not required to, take any action that
Lender believes to be apprgpriate 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 (AI 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 111
the term of any applicable :insurance policy; or 121 the remaining term of the Credit Agreement; or ICI be treated as a balloon payment
which will be due and payafile 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: la) Trustor holds good and marketable title of record to the Property in fee simple, free and clear of all
liens and encumbrances other than those set forth in the Real Property description or in the Existing Indebtedness section below or. in
any title insurance policy, title report, or final title opinion issued in favor of, and accepted 6y, 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. Subjdct to the exception in the paragraph above, Trustor warrants and will forever defend the title to the Property
against the lawful claims of all persons.
EXISTING INDEBTEDNESS. The following provisions concerning Existirg Indebtedness are apart 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: (AI Trustor commits fraud or
makes a material misrepresentation at any time in connection with the Credit Agreement. This can include, for example, a false statement
about Trustor's income, assets, liabilities, or any other aspects of Trustor's financial condition. (B) Trustor does not meet the repayment
terms of the Credit Agreement. ICI 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 the 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 shduld Trustor failto
comply with any of Trustor`s'obligations under this Dei:dof Trust; Trusteeor Lender may exercise any one or-more 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, Lender may:
la) Either in~derson or by agent, with~or without bringing any action or prdceeding;~or by•a receiver appoiri[ed 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 of! 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 prbtect the security oi~the Property; and, with or without taking possession of the Property, sue for or otherwise
collect the rerits, 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,'[o 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 the
continuance in possession of the Prdperty 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;
Ibl Commence an action to foreclose [his Deed of Trust as a mortgage, appoint a receiver or specifically enforce any of the
covenants hereof; and .. _ .._
Icl 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~te~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
Idl With respect to all or any parYOf;thb f?ersonal Pfoperty'Lende~ shall have all the rights and remedies of a secured party
under the Nebraska Uniform Commercial Code.
Foreclosure by Power df Sale. If Lender elects to foreclose~by exercise of the Power of~Sale herein contained, Lender shall notify
__ ._._Trustee..,and,.shall..deposit•.with Trustee this Deed of Trust and the Credit Agreement and such receipts and evidence of
expen,ditures~madeiand secured by this Deed of Trust as Trustee may require. .. `.%I'.:.:,_£_.,;
'-'~" '' (a)' Upon'rec,eipt'of such notice from Lender, Trustee shall cause to be recorded, published and delivered to, Trustor such,
~~~ ~•-"""'°""""'Notide'"df'Default"arid',Notice of Sale as then required by law and by this Deed of Trust.`.Trustee shall;;without`demandronty
.. , .,.:._; Trustor, after such time as may then be required by law and after recordation of such Notice of Default and after Notice of
- ~ ~~ `~~"-Sale having been given as required by law, sell the Property at the time and place of saleifixed~by'it~in'such No[ice~~of••Saler..,,
:,~;a--°-~-•either tias~a,,wY~ole;-or-in separate lots or parcels or items es Trustee shall deem expedient, and in such order as it may '~;. ~'
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~~
DEED OF TRUST 2 0 0 `7 5 4 0 2
"loan No: 6119661 (COntlnued) Page 3
determine, at public auction to the highest bidder"for cash in lawful money"of the United States payable at the time of sale.
Trustee shall deliver to such pu?chaser or purchasers thereof its good and 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
. cgnclusive proof of the truthfulness thereof. Any person, including without limitation Trustor, Trustee, or Lender, may
„purchase at such sale..
Ibl 'As may be permitted by law; after deducting"all costs, fees and expenses of Trustee and of this Trust, including costs of
evidence of title in connection with sale, Trustee shall apply the proceeds~of sale to payment of li) all sums expended under
the .terms of this Deed of Trust or under the terms of the Credit Agreement not then "repaid, including but not limited to
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 Nat Exclusive. Trustee and Lender, and each of them, shall be entitled to enforce paymerit and. performance of any
indebtedness or obligations secured by this Deed of Trust and to exercise all rights and powers under.~ihis 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 maynow or hereafter be otherwise
secured, whether by mortgage, deed of trust, pledge, lien, assignment br 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 ariy>manner'affect Trustee's ore 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 entitled 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 in addition to every other remedy given in
this Deed of Trust or now or hereafter existing 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 which either of them may be otherwise entitled, 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~Trustor's obligations under this~Deed~of ~Trust,~after Trustor's failure to do~so;~ that
decision by Lender will notaffect 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 the 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 involvedf 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 shall 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 [o any limits under applicable law, Lende.WsattorrYeys'-'fees:and?Lender's ~~
legal expenses, whether or not there is a lawsuit, including attorneys' fees and expenses for bankruptcy,,proceedings:,lincl~y~irlg,efforts .
to modify or vacate any automatic stay or injunction), appeals, and any anticipated post-judgment collection"services„ .jhe cost, of
searching records, obtaining title reports (including foreclosure reports), surveyors' reports, and appraisal`~tee3,t't{tle``'insuiarice;~arid'
fees for the Trustee, to the extent permitted by applicable law. Trustor also will pay any court costs;'iii'-addition"to"'all other"sums
provided by law.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are apart of this Deed-of Trust:. ~ ~ - .',
Governing Law. This Deed of Trust will be governed by federal law applicable to Lender and,'to the:extent not preempted by federal
law, the laws of the State of Nebraska without regard to its conflicts of law provisions. This Deed of Trust has been accepted by
Lender in the State of Nebraska. '.,
Time is of the Essence. Time is of the essence in the performance of this 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 worditBeneficiary" means~HASTINGS STATE BANK, and its successors and assigns. ~.
Borrower. TFie~word "Borrower" means RONALD J. BUSH and LISA K. BUSH 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 December 13, 2007, Wlth Ctedlt..llnllt Of
$38,000.00 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 "T0 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 [he 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
Trustor's.obligations or'<expenses incurred by Trustee or Lender to enforce Trustor's obligations under this Deed of Trust, together,.
with interest on.,such ~inounts as proyided~in this Deed of. Trust., Specifically,. without limitation, Indebtedness includes all~amourits
that may,~be;~indaectly, secured,by,the-Cross-CollateralizaLOn.provision of this Deed of Trust.. ~~ ~ ~ °,
Lenderr'The~word."Lender" means"HASTINGS"STATE BANK,pits'-successors and"assigns:~•~The words:"successors orFassigns"cmeam
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,'arid~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 of premiums) from any sale or other disposition of the Property.
~ M ..
Of l
DEED OF TRUST ,G,1! ~ (~ `~ ~ IGr
,,...
Loan IVo: 6119661 (Continued) Page 4
Property... The word "Property" means collectively the Real Property and the Personal Property.
Real Property. The words "Real Property" mean the real property, interests and rights, as further described 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.
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 HASTINGS STATE BANK, whose address is 530 tJ. BURLINGTON, HASTINGS, NE 68901 and
any substitute or successor trustees.
r.
Trustor. The word "Trustor" means RONALD J. BUSH and LISA K. BUSH.
EACH TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND.EACH TRUSTOR AGREES TO
ITS TERMS. ""
,j
TRUSTOR: ~.
x~-~~~, '
RON LD J. BUSH
LISA K. BUSH
.' , .,, , ,INDIVIDUAL ACKNOWLEDGMENT , _ ...
...
STATE OF -'`n GLJ ~QSI1:.Ll~ ':.. :. .. ..... ~. ~, . i.. .. ... ~ .. ... ..
..... ,.,
COUNTY-OF '
t
_-. .,
y ..
On this day before me, the undersigned Notary Public, personally appeared RONALD"J. BUSH and LISA K. BUSH, 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 and urposes therein mentioned.
Given under my hand and official seal this 13~ day of , 20~_.
By ~,QA ~
_ , Notary Public in and for~the State of ~ ~]fLlLc~.fb
Residing at ~~~{h G 5
My commission expires
GENERAL NOTARY• State of Nebraska
LINDA HEIDEN
M{f Comm. Exp.0419-09
REQUEST.FOR FULL.RECONVEYANCE
(To be used only when obligations have been paid in full)
To: ~ ~ ,Trustee
The undersigned is the legal'fiowner and holder of all Indebtedness secured by this Deed of Trust. All 'sums secured by this Deed of Trust
have been fully paid andsatisfied.' 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 7rustl, and to reconvey, without warranty, to the parties designated by the terms of this Deed of Trust, the ,
estate now held by you undGi this Deed of Trust. Please mail the reconveyance and Related Documents to:
Date:
Beneficiary:
sy:
Its:
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