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<br />THIS INSTRLTMENT PREPARED BY: I�Iv �' I
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
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<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Associstion of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, leTE 688�1
<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
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<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instcument") is made on January 23, 2012
<br />by the grantor(s) Da-Ly Properties, L.L.C., a Nebraska Limited Liability Company, whose address is 2514 S.
<br />Locust St., GRAND ISLAND, Nebraska 68801 ("Grantor"). The trustee is Arend R. Baack, Attorney whose
<br />address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Iiome Federal 5avings
<br />& Loan AssociaHon of Grand Island whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />("Lender"), which is organized and existing under the laws of the United States of America. Grantor in
<br />consideration of loans extended by Lender up to a maxunum principal amount of Two Hundred Forty-five
<br />Thousand and 00/100 Dollars ($245,000.00) ("Maximum Principal Indebtedness"), and for other valuable
<br />consideration, the receipt of which is acknowledged, inevocably grants, conveys and assigns to Trustee, in trust,
<br />with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />Address: 2514 S. Locust Street, GRAND ISLAND, Nebraska 68801
<br />Legal Description: The South Ninety Eight (98) feet of Lot Twenty Three (23), and the North Twelve (12)
<br />feet of Lot Twenty Four (24), Holcomb Highway Homes Subdivision in the City of Grand Island, Hall
<br />County, Nebraska, excepting therefrom a tract of land more particularly described in Deed recorded in
<br />Register of Deeds Offce as Docment No. 200007292.
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hereditaments, equipment, rents, income, profits and royalties, personal goods of whatever description
<br />and all other rights and privileges including all minerals. oil, gas, water (whether groundwater, subterranean or
<br />otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not appurtenant to the above-
<br />described real properly), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br />storage rights, dams and water stock that may now, or at any time in the future, b.e located on and/or used in
<br />connection with the above-described real property, payment awards, amounts received from eminent domain,
<br />amounts received from any and all insurance payments, and tunber which may now or later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Property").
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of ttvst, business loan agreements, construction loan agreements, resolutions,
<br />guaranties, environmental agreements, subordination agreements, assignments of leases and rents and any other
<br />documents or agreements executed in connection with this Security Insixument whether now or hereafter existing.
<br />The Related Documents are hereby made a part of this Security Insm�ment by reference thereto, with the same
<br />force and effect as if fully set forth herein.
<br />INDEBTEDNESS. This Security Instrument secures the principal amount shown above as may be evidenced by a
<br />promissory note or notes of even, prior or subsequent date hereto, including future advances and every other
<br />indebtedness of any and every kind now or hereafter owing from Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, together with any interest or charges provided in or arising out of such
<br />indebtedness, as well as the agreements and covenants of this Security Insmiment and all Related Documents
<br />(hereinafter all referred to as the "Indebtedness"). '
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Insirument will secure future advances as if
<br />such advances were made on the date of this Security Instrument regardless of the fact that from time to time there
<br />may be no balance due under the note and regardless of whether Lender is obligated to make such future advances.
<br />CROSS COLLATERALIZATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to Lender, howsoever arising and whensoever incurred.
<br />WARRANTIES. Grantor, for itself, its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees with Lender, its successors and assigns, as follows:
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<br />O 2004-20t I Compliance Systems, Inc. COFO-447D • 2010LI.15.441
<br />Commercial Real Estete Securiry Invttument - DIA007 Page I of 5 www.compliancesystems.com
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