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PR
<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 />AFTER RECORDING RETURN TO:
<br />Advantage Title Services LLC
<br />503 West Koenig
<br />GRAND ISLAND, NE 68801
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<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on June 12, 2013 by
<br />the grantor(s) RIEF DEVELOPMENT, L.L.C., a Nebraska Limited Liability Company, whose address is 705
<br />N Webb Road, GRAND ISLAND, Nebraska 68803 ( "Grantor "). The trustee is Arend R. Baack, Attorney
<br />whose address is P.O. Box 790, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand Island whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ( "Lender "), which is organized and existing under the laws of the United States of America.
<br />Grantor in consideration of loans extended by Lender up to a maximum principal amount of Forty
<br />Thousand Five Hundred Thirty and 00 /100 Dollars (U.S. $48,530.00) ( "Maximum Principal Indebtedness "),
<br />and for other valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and
<br />assigns to Trustee, in trust, with power of sale, the following described property located in the COUNTY of
<br />HALL, State of Nebraska:
<br />Address: 109 -111 N Greenwich Street, GRAND ISLAND, Nebraska 68801
<br />Legal Description: The Northerly Forty-Nine and Five Tenths (49.5) Feet of Fractional Lot Five (5), in
<br />Fractional Block One Hundred Seventeen (117), Railroad Addition, and its complement, Fractional Lot
<br />Five (5), in Fractional Block One Hundred Seventeen (117), in Koenig and Wiebe's Addition to the City of
<br />Grand Island, 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 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 Indebtedness and Security Instrument, whether now or
<br />hereafter existing. The Related Documents are hereby made a part of this Security Instrument by reference thereto,
<br />with the same 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 RIEF DEVELOPMENT, L.L.C. to Home
<br />Federal Savings & Loan Association of Grand Island, howsoever created or arising, whether primary,
<br />secondary or contingent, together with any interest or charges provided in or arising out of such indebtedness, as
<br />well as the agreements and covenants of this Security Instrument and all Related Documents (hereinafter all
<br />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 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 />C 2004 -2012 Compliance Systems, Inc. 1E54-1409 - 201I L2.10.551
<br />Commercial Real Estate Security Instrument - DL4007 Page 1 of 5 www.compliancesystems.com
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