|
THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />\ I
<br />0 2004 -2011 Compliance Systems, Inc. CDBD -CEFB - 2011L2.0.475
<br />Commercial Real Estate Security Instrument - DL4007 Page 1 of 5
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />P 0 Box 428
<br />Cairo, NE 68824
<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br />OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on December 21, 2012
<br />by the grantor(s) Tom Ummel Sr, Also Known as Tommy Ummel, Sr., a single person, whose address is 515 S
<br />Shady Bend, Grand Island, Nebraska 68801 , Tommy Ummel Jr, Also Known as Tom Ummel, Jr., husband,
<br />whose address is 320 Oxnard Ave, Grand Island, Nebraska 68801 , and Cary K Ummel, wife, whose address is
<br />320 Oxnard Ave, Grand Island, Nebraska 68801 ( "Grantor "). The trustee is Pathway Bank whose address is
<br />PO Box 428, Cairo, Nebraska 68824 ( "Trustee "). The beneficiary is Pathway Bank whose address is 306 S
<br />High St, P 0 Box 428, Cairo, Nebraska 68824 ( "Lender "), which is organized and existing under the laws of the
<br />State of Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal amount of
<br />One Million and 00 /100 Dollars ($1,000,000.00) ( "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 Adams/Hall, State of Nebraska:
<br />Legal Description: Parcel 1: Lots Thirteen (13) through Sixteen (16) inclusive, and the East Half (E1 /2) of
<br />New York Avenue Abutting said lots on the West side thereof, A.M. Ghost's Addition to the City of
<br />Hastings, Adams County, Nebraska
<br />Parcel 2: Lot One (1), Brodsky Industrial Empire Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska Parcel #400026554
<br />Parcel 3: Lot One (1), Ummelville Subdivision, in the City of Grand Island, Hall County, Nebraska Parcel
<br />#400026597
<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 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 />RELATED DOCUMENTS. 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 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 Borrower to Lender, howsoever created or
<br />arising, whether primary, secondary or contingent, together with any interest or charges provided in or arising out
<br />of such indebtedness, as well as the agreements and covenants of this Security Instrument and all Related
<br />Documents (hereinafter all referred to as the "Indebtedness "). Secured debt includes, but is not limited to, the
<br />www.compliancesystems. com
<br />ri d
<br />Initials
<br />
|