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<br />THIS INSTRiJMENT PREPARED BY: ,�� � AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of Home Federal5avings & Loan Association of �d
<br />Grand Island Grand Island � G
<br />221 South Locust 5treet 221 South Locust Street �
<br />GRAND ISLAND, NE 68801 GRAND ISLAND, NE 68801
<br />(Space Above This Line For R�ording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />FUTURE ADVANCE5 AND FUTURE OBLIGATIONS ARE SECURED BY TffiS REAL ESTATE DEED
<br />OF TRUST
<br />This COMIVIERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on June 7, 2012 by the
<br />grantorts) GRACE COVENANT CHURCH, a Nebraslca Corporation, whose address is 418 W 12TH STREET,
<br />GRAND ISLAND, Nebraska 68801 ("Grantor"). The trustee is Arend R Baack, Attorney whose address is
<br />P.O. Bog 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan
<br />Association 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 maximum principal amount of Thirty Thousand One
<br />Hundred Fifty-two and 50/100 Dollars ($30,152.50) ("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 following described properly located in the COUNTY of HALL, State of
<br />Nebraslca:
<br />Address: 418 W 12T� STFEET, GRAN12 ISi.AND, Nebraska 68801
<br />Lega1 Description: LOTS SIX (�, SEVEN (�, AND EIGHT (8), BLOCK TR'O (2), SC�R'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, 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 �n�*�nce payments, and timber wluch may now or later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Property").
<br />RELATED DOCiJMENT5. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agreements, construcdon loan agreements, resolutions,
<br />guazanties, 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 Sectuity 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 ldnd 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 Instrument and all Related Documents
<br />(hereinafter all referred to as the "Indebtedness").
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument will secure future advaaces 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, except any obligation
<br />existing or arising against the principal dwelling of any Grantor.
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