|
��
<br />��
<br />-
<br />��
<br />B �
<br />� �
<br />B
<br />� �
<br />0 -
<br />W �
<br />� �
<br />-
<br />�
<br />�
<br />� ' ., `
<br />THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 5outh Locust Street
<br />GRAND ISLAND, NE 68801
<br />�
<br />r ��
<br />4 S � ._J
<br />� A � �-�J
<br />�t� f = ^1
<br />tl
<br />�� � m �
<br />� � �_-
<br />r
<br />c r u
<br />° { d N
<br />�� -�a �r .., �
<br />rvi ,..�-.
<br />i
<br />,� �.,_
<br />., n ' `�J
<br />� ._{
<br />rn �
<br />- �a
<br />� "' L�
<br />I'�y � T�
<br />�+ � S_ .. C�
<br />� �
<br />\ / V •
<br />Q �
<br />C D
<br />z —.
<br />� m
<br />-� o
<br />O 'T
<br />-� L
<br />= r*l
<br />r co
<br />r �
<br />� �
<br />�
<br />D
<br />..� �
<br />tn
<br />�rn
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />N
<br />0
<br />F�—�
<br />N
<br />C�
<br />�
<br />O
<br />W
<br />�
<br />(Space Above This Line For R�ording Data) �(�
<br />CONSTRUCTION SECURITY AGREEMENT ��" �
<br />F U T U R E A D V A N C E 5 A N D F U T U R E O B L I G A T I O N S A R E S E C U R E D B Y T H I S R E A L E S T A T E D E E D
<br />OF TRUST
<br />This COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST ("Security Instrument") is made on
<br />July 20, 2012 by the grantor(s) Mehring Construction Company, L.L.C., a Nebraska Professional Litnited
<br />Liability Company, whose address is 3421 State Street Plaza 4, GRAND ISLAND; Nebraska 68803 ("Grantor").
<br />The trustee is Arend R Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802
<br />("Trustee"). The beneficiary. is Home Federal Savings & Loan Association of Grand Island whose address is
<br />221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"), which is organized and existing under the
<br />laws of tUe United States of America. Grantor in consideration of loans extended by Lender up to a maximum
<br />principal amount of Two Hundred Sixty Thousand and 00/100 Dollars ($260,000.00) ("Maximum Principal
<br />Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged, irrevocably grants,
<br />conveys and assigns to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hall, State of Nebraska:
<br />Address: 1210 Birdie Blvd., Cairo, Nebraska 68824
<br />Legal Description: Lot Siz (6), Block One (1), Centnra Hills East 5ubdivision in the Village of Cairo, Hall
<br />County, Nebraska
<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 a11 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, 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 />This is a PURCHASE MONEY DEED OF TRUST.
<br />RELATED DOCiTMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agreements, conslrucfion 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 Instcvment whether now or hereafter elcisting.
<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 a.ny 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 ageements and covenants of this Security Instrument and all Related Documents
<br />(hereinafter all refened to as the "Indebtedness").
<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 titne 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.
<br />� 2004-2011 Complience Systems, Inc. CDBD-32EE - 201 IL2.0.475
<br />Commercial Con�truMion Security InsVUmwt - DL4007 Page 1 of 5 www.compliencesyatems.com
<br />�
<br />C
<br />� ^ �
<br />� �r ..
<br />
|