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201202071
<br />THIS INSTRUMENT PREPARED BY
<br />Pathway Bank
<br />306 S. High St.
<br />Cairo, NE 68824
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />306 S. gIigh St.
<br />Cairo, NE 68824
<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />1'his COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on March 15, 2012 by
<br />the grantor(s) Reg A Spiehs, aka Rex Allen Spiehs, Husband, whose address is 12200 W Stolley Park Rd,
<br />Wood River, Nebraska 68883 , and Karen L Spiehs, aka Karen Lynn Spiehs, Wife, whose address is 12200
<br />W Stolley Park Rd, Wood River, Nebraska 68883 ("Grantor"). The trustee is Pathway Bank whose address is
<br />PO Box 428, Cairo, Nebraska 68824 ("Trustee"). The beneficiary is Pathway Bank whose address is 306 S
<br />High St, P O Box 428, Cairo, Nebraska 68824 ("Lender"), which is organized and e�cisting under the laws of the
<br />State of Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal amount of
<br />Four Hundred Forty Thousand and 00/100 Dollars ($440,000.00) ("Maximum Principal Indebtedness"), and for
<br />other valuable consideration, the receipt of which is aclrnowledged, irrevocably grants, conveys and assigns to
<br />Trustee, in trust, with power of sale, the following described properly located in the Counties of Hall and Buffalo,
<br />State of Nebraska:
<br />Legal Description: Tract 1: Undivided one-half interest:
<br />The Northeast Quarter (NEl/4) of Section Ten (10), in Township Eleven (ll) North, Range Eleven (11)
<br />West of the 6th P.M., in Hall County, Nebraska excepting a tract more particularly described in Joint
<br />Tenancy Warranty Deecd recordecd as Document No. 79-007231.
<br />Tract 2:
<br />The Southwest quarter of Section 11, Township 11 North, Range 13 West of the 6th P.M., Buffalo County,
<br />Nebraska
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixttues,
<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 property), 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, be 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 timber 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 trust, business loan agreements, construction loan agreements, resolutions,
<br />guaranties, environmental agreements, subordinarion agreements, assignments of leases and rents and any other
<br />documents or agreements executed in connecrion with this Security Instrument whether now or hereafter existing.
<br />The Related Documents are hereby made a part of this Security Instrwnent 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, ineluding 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 Secwity Instrument and all Related Documents
<br />(hereinafter all referred to as the "Indebtedness"). Secured debt includes, but is not limited to, the following:
<br />promissory note dated March 15, 2012, in the amount of $440,000.00 and any renewals, extensions or
<br />modifications.
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument 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 i�obligated to make such future advances.
<br />m 2004-2011 Compliaoce Systems, Iac. COFO-BCA1 - 2010L1.15.441
<br />Cnmmercial Real Estate Se�uritv inetmment - DL6007 Pfl¢e 1 oF5
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