|
•
<br />THIS INSTRUMENT PREPARED BY:
<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 November 6, 2013
<br />by the grantor(s) Bosselman Pump & Pantry, Inc. FICA Bosselman, Inc., a Nebraska Corporation, whose
<br />address is P 0 Box 4905, Grand Island, Nebraska 68802 ("Grantor"). The trustee is Pathway Bank whose
<br />address is PO Box 428, Cairo, Nebraska 68824 ("Trustee"). The beneficiary is Pathway Bank whose address is
<br />306 S High St, P 0 Box 428, Cairo, Nebraska 68824 ("Lender"), which is organized and existing under the laws
<br />of the State of Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal amount
<br />of Four Hundred Fifty Thousand and 00/100 Dollars (U.S. $450,000.00) ("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 Hall,
<br />State of Nebraska:
<br />Address: 2511 N Diers Avenue, Grand Island, Nebraska 68801
<br />Legal Description: Lot Two (2), Bosselman Subdivision, an Addition to the City of Grand Island, Hall
<br />County, Nebraska EXCEPT A certain tract to The City of Grand Island, Nebraska more particularly
<br />i i
<br />described in Warranty Deed recorded as Document No. 200607740
<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 Bosselman Pump & Pantry, Inc. to Pathway
<br />Bank, howsoever created or arising, whether primary, secondary or contingent, together with any interest or
<br />charges provided in or arising out of such indebtedness, as well as the agreements and covenants of this Security
<br />Instrument and all Related Documents (hereinafter all referred to as the "Indebtedness"). Secured debt includes,
<br />but is not limited to, the following: promissory note dated November 6, 2013, in the amount of $450,000.00
<br />and any renewals, extensions or 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 future advances.
<br />0 2004-2012 Compliance Systems, Inc. 1E54-CC21 - 2011L2.10.551
<br />Commercial Real Estate Security Instrument - DL4007 Page 1 of 5
<br />CA.)
<br />C1;
<br />—.J
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />PO Box 428
<br />Cairo, NE 68824
<br />www.compliencesysterns.corn
<br />
|