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201204228 <br />COMMERCIAL REAL ESTATE DEED OF TRUST <br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on May 1. 1, 2012 by <br />the grantor(s) Steven T. Brockhaus, Husband, whose address is 22400 445th St., Humphrey, Nebraska 68642, <br />Amy J. Brockhaus, Wife, whose address is 22400 445th St., Humphrey, Nebraska 68642 , Terrence C. <br />Brockhaus, Husband, whose address is 44120 250th Ave., Humphrey, Nebraska 68642 , and Stacey R. <br />Brockhaus, Wife, whose address is 44120 250th Ave., Humphrey, Nebraska 68642 ("Grantor")- The trustee is <br />Union Bank & Trust Company whose address is 3643 South 48th Street, Lincoln, Nebraska 68506 ("Trustee"). <br />The beneficiary is Union Bank & Trust Company whose address is 3643 South 48th Street, PO Box 82535, <br />Lincoln, Nebraska 68501-2535 ("Lender"), which is organized and existing under the laws of the State of <br />Nebraska- Grantor in consideration of loans extended by Lender up to a maximum principal amount of Nine <br />Hundred Fifty Thousand and 00/100 Dollars ($950,000.00) ("Maximum Principal Indebtedness"), and for other <br />valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, <br />in trust, with power of sale, the land and property described below - <br />Legal Description: SI/2 N 1/2 SW 1/4 & N 1/2 S 1/2 SW 1/4 of Section 21, Township 9 North, Range 12 <br />West of the 6th P.M., Hall County, Nebraska. <br />The SI/2 of the NW1/4 and the SWI/4 of Section 19, Township I I North, Range 12 West of the 6th P.M_, <br />Hall County, Nebraska. <br />Property Size: 320 acres - <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 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, subordination agreements, assignments of leases and rents and any other <br />documents or agreements executed in connection with this Security Instrument whether now or hereafter existing. <br />The Related Documents are hereby made a part of this Security Instrument 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 Borrower to Lender, howsoever created or <br />arising, whether primary, secondary or contingent, together with any interest or charges provided in or arising out <br />of such indebtedness, as well as the agreements and covenants of this Security Instrument and all Related <br />Documents (hereinafter all referred to as the "Indebtedness"). INCREASED MAXIMUM PRINCIPAL <br />INDEBTEDNESS: Grantor hereby acknowledges that the principal amount shown above will <br />automatically be increased by any future advances or other indebtedness of the Grantor to the Lender. <br />Notwithstanding the foregoing, the parties agree that the total amount which is secured by this Security <br />Instrument shall not exceed $1,900,000 -SS ( B . S tZ 15 (initials) <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 Instruanent 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 coliateralize 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 - <br />Performance of Obligations. Grantor promises to perform all terms, conditions, and covenants of this <br />Security Instrument and Related Documents in accordance with the terms contained therein. <br />Defense and Title to Property. At the time of execution and delivery of this instrument, Grantor is lawfully <br />seised of the estate hereby conveyed and has the exclusive right to mortgage, grant, convey and assign the <br />Property. Grantor covenants that the Property is unencumbered and free of all liens, except for encumbrances <br />of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally <br />the title to the Property against any and all claims and demands whatsoever, subject to the easements, <br />restrictions, or other encumbrances of record acceptable to Lender, as may be listed in the schedule of <br />exceptions to coverage in any abstract of title or title insurance policy insuring Lender's interest in the <br />Property. <br />02004-2011 Compliance SyslOo Lie_COrO-Mr6-2010LS.75.441 <br />Commercial Real Estate Security instn,-t - DL4007 P.gS 2 uf3 www,<omptiancesys,eina.num <br />