|
�
<br />THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />306 S. High St.
<br />Cairo, NE 68824
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />306 S. High St.
<br />Cairo, NE 68824
<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST ,
<br />FUTURE ADVANCES AND FUTURE OBLIGATION5 ARE SECURED BY THIS REAL ESTATE DEED
<br />OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on August 24, 2012 by
<br />the gantor(s) Michael W Lowry, Husband, whose address is P O Box 370, Cairo, Nebraska 68824 , and
<br />Denise K Lowry, Wife, whose address is P O Bog 370, Cairo, Nebraska 68824 ("Grantor"). The trustee is
<br />Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ("Trustee"). T'he beneficiary is Pathway
<br />Bank whose address is 306 S High St, P O Box 428, Cairo, Nebraska 68824 ("Lender"), which is organized and
<br />existing under the laws of the State of Nebraska. Grantor in consideration of loans extended by Lender up to a
<br />maximum principal amount of Four Hundred Eighty Thousand and 00/100 Dollars ($480,000.00) ("Maximum
<br />Principal Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged, irrevocably
<br />grants, conveys and assigns to Trustee, in trust, with power of sale, the following described properiy located in the
<br />County of Hall, State of Nebraska:
<br />Legal Description: The Southeast Quarter (SEI/4) of Section Twenty Six (26), Township Twelve (12)
<br />North, Range Twelve (12) West of the 6th P.M., Hall County, Nebraska EXCEPT a tract of land more
<br />particularly described as Lot 1, Prairie View Subdivision, Hall County, Nebraska and EXCEPT a tract of
<br />land more particularly described as Lot 1, Prairie View Second Subdivision, Hall County, Nebraska and
<br />EXCEPT a tract of land more particularly described in Warranty Deed recorded as Document No.
<br />200202496.
<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 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 properiy, 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. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agreements, construcrion loan agreements, resolutions,
<br />guaranties, environmental agreements, subordinarion 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 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"). Secured debt includes, but is not limited to, the following:
<br />promissory note dated August 24, 2012, in the amount of $628,942.60 and any renewals, extensions or
<br />modifications.
<br />FiJTURE 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 future advances.
<br />� 2004-2011 Compliance Sys[ems, Inc. CDBD-62DA - 2011L2.0.475
<br />—�'�'�' _l.� Initials
<br />
|