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<br />AFTER RECORDING RETURN TO;
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68$Ol
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<br />THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />�� Grand Island
<br />� 221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For R�ording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
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<br />Tlus COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Insttvment") is made on July 26, 2012 by
<br />the grantor(s) Grace Lutheran Church of Grand Island, Nebraska, a Nebraska Nonprofit Corporation, whose
<br />address is 545 E. Memorial Drive, GRAND ISLAND, Nebraska 68801 ("Grantor"). The ttustee is Arend R.
<br />Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is
<br />Home Federal Savings & Loan Association of Grand Island whose address is 221 South Locust Street,
<br />Grand Island, Nebraska 68801 ("Lender"), wluch is organized and existing under the laws of the United States of
<br />America. Grantor in consideration of loans extended by Lender up to a maximum principal amount of Thirty
<br />Thousand and 00/100 Dollars ($30,000.00) ("Maximum Principal Indebtedness"), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably 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 Nebraslca:
<br />Address: 545 E. Memorial Drive, GRAND I5LAND, Nebraska 68801
<br />Legal Description: Lot One (1), Grace Lutheran Church 5ubdivision, in the City of Grand Island, 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 all minerals, oil, gas, water (whether groundwater, subtenanean 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 awazds, amounts received from eminent domain,
<br />amounts received from any a�d 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 DOCiTMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of ttust, business loan ageements, construction loan agreements, resolurions,
<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 Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, together with any interest or chazges provided in or arising out of such
<br />indebtedness, as well as the agreements and covenants of this Security Inshument 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 advances as if
<br />such advances were made on the date of this Security Instrumerit 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 COLLATERAI.IZATION. 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 />WARRANTIE5. Grantor, for itself, its heirs, personal representatives, successors, and assigns, represents,
<br />wa.rrants, covenants and agrees with Lender, its successors and assigns, as follows:
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<br />Commarcial Real Fstate Security Iestrumeat - DIA007 Page 1 of 5 , ' www.complimcevystems.com
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