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THIS INSTRUMENT PREPARED BY:
<br />TO:
<br />Pathway Bank
<br />P.O. Box 428
<br />306 S. High St
<br />Cairo, NE 68824
<br />Page 1 of 6
<br />Initials
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<br />Pathway Bank
<br />P.O. Box 428
<br />306 S High Street
<br />Cairo, NE 68824
<br />AFTER RECORDING RETURN
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE
<br />DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on 20th day of
<br />December, 2013 by the grantor(s) Wendell R. Dubbs, Co- Trustee of the Wendell R. Dubbs Revocable Living
<br />Trust dated June 20, 2012 and Sally J. Dubbs, Co- Trustee of the Sally J. Dubbs Revocable Living Trust
<br />dated June 20, 2012.
<br />The trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ( "Trustee "). The
<br />beneficiary is Pathway Bank whose address is 306 S High St., PO Box 428, Cairo, Nebraska 68824
<br />( "Lender "), which is organized and existing under the laws of the State of Nebraska. Grantor in
<br />consideration of loans extended by Lender up to a maximum principal amount of $750,000.00 ( "Maximum
<br />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
<br />property located in the County of Hall, State of Nebraska.
<br />Legal Description: The Northeast Quarter of the Southeast Quarter (NE1 /4SE1 /4); and the
<br />West Half of the Southeast Quarter (W1 /2SE1 /4) of Section Three (3), Township Ten (10)
<br />North, Range Twelve (12), West of the 6`h P.M., 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
<br />description and all other rights and privileges including all minerals, oil, gas, water (whether groundwater,
<br />subterranean or otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not
<br />appurtenant to the above - described real property), wells, well permits, ditches, ditch rights, reservoirs,
<br />reservoir rights, reservoir sites, storage rights, dams and water stock that may now, or at any time in the
<br />future, be located on and/or used in connection with the above - described real property, payment awards,
<br />amounts received from eminent domain, amounts received from any and all insurance payments, and
<br />timber which may now or later be located, situated or affixed on and used in connection therewith
<br />(hereinafter called the "Property").
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security
<br />agreements, prior mortgages, prior deeds of trust, business loan agreements, construction loan agreements,
<br />resolutions, guaranties, environmental agreements, subordination agreements, assignments of leases and
<br />rents and any other documents or agreements executed in connection with this Security Instrument whether
<br />now or hereafter existing. The Related Documents are hereby made a part of this Security Instrument by
<br />reference thereto, 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
<br />evidenced by a promissory note or notes of even, prior or subsequent date hereto, including future advances
<br />and every other indebtedness of any and every kind now or hereafter owing from Borrower to Lender,
<br />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
<br />Security Instrument and all Related Documents (hereinafter all referred to as the "Indebtedness "). Secured
<br />debt includes, but is not limited to, the following: Promissory Note Dated December 20, 2013 in the
<br />amount of $750,000.00 and any renewals, extensions or modifications.
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