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<br />THIS INSTRUMENT PREPARED BY
<br />Pathway Bank
<br />306 S. High St.
<br />Cairo, NE 68824
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<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank �
<br />306 S. High St.
<br />Cairo, NE 68824 � .� tl �a �
<br />`�� ^ (Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />r FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br />-;�;
<br />OF TRUST
<br />�r� This COMMERCIAL REAL ESTAT'E DEED OF TRUST ("Security Instrument") is made on August 1, 2012 by
<br />� the grantor(s) Michael A Panowicz, also known as Michael Panowicz also known as Mike Panowicz, Husband,
<br />whose address is 10288 W White Cloud Rd, Cairo, Nebraska 68824 , and Patricia M Panowicz, also known
<br />� as Patricia Panowicz, Wife, whose address is 10288 W White Cloud Rd, Cairo, Nebraska 68824 (°Grantor").
<br />The trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ("Trustee"). T'he beneficiary
<br />is Pathway Bank whose address is 306 S High St, P O Box 428, Cairo, Nebraska 68824 ("Lender"), which is
<br />organized and existing under the laws of the State of Nebraska. Grantor in consideration of loans extended by
<br />Lender up to a maximum principal amoimt of One Million Two Hundred Thousand and 00/100 Dollars
<br />($1,200,000.00) ("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of which is
<br />aclrnowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following
<br />described properly located in the County of Hall, State of Nebraska:
<br />Legal Description: See Attached Exhibit "A"
<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 properiy), 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 "Properly").
<br />RELATED DOCUMENTS. T'he 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 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 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 August 1, 2012, in the amount of $1,200,000.00 and aay 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 is obligated to make such futw�e 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 Compliance Systems, Inc. CDBD-38A0 - 2011 L2.0.475
<br />Commercial Real F.state Sewriri Inswment - DL4007
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