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<br />THIS INSTRLIMENT PREPARED BY:
<br />Home Federal Savings & Loan AssociaHon of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
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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 68801
<br />(Space Above Tlus Line For Recording Data)
<br />CONSTRUCTION SECURITY AGREEMENT
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br />OF TRUST
<br />This COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST ("Security Instrument") is made on
<br />August 22, 2012 by the grantor(s) Grand Island Real Estate Holdings, LLC, a Nebraska Limited Liability
<br />Company, whose address is 2535 Carleton Ave STE A, GRAND ISLAND, Nebraska 68803 (°Grantor"). The
<br />trustee is Arend R. Baack, Attorney whose address is P.O. Box 790, Grand Island, Nebraslca 68802 ("Trustee"}.
<br />The beneficiary is Home Federal Savings & Loan Association of Grand Island whose address is 221 South
<br />Locust Street, Grand Island, Nebraska 68801 ("Lender"), which is organized and existing under the laws of the
<br />United States of America. Grantor in consideration of loans extended by Lender up to a maximum principal
<br />amount of Ffve Hundred Seventy-three Thousand Seven Hundred Fifty and 00/100 Dollars ($573,750.00)
<br />("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged,
<br />irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following described property
<br />located in the County of Hall, State of Nebraska:
<br />Address: 208 N. Pine Street Unit 301, GRAND ISLAND, Nebraska 68801
<br />I,egal Description: Unit 301 , Old City Hall Condominium Property Regime, in the City of Grand Island,
<br />Hall 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, 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 properly, payment awards, amounts received from eminent domain,
<br />amounts received from any and all insurance payrnents, 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 DOCUMENT5. 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 5ecurity 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 hereaflter owing from Grantor to Lender, fiowsoever 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 advances as if
<br />such advances were made ori 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 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 />� 2004-201( Compliance Systema, Inc. CDBD-CSE3 - 20l IL2.0.475
<br />Commercial Conatruction Security IesWment - DLA007 Pege 1 of 5 www.complimccvystems.com
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