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<br /> THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN LI 0�
<br /> TO:
<br /> Pathway Bank Pathway Bank
<br /> P.O. Box 428 P.O. Box 428
<br /> 306 S.High St 306 S High Street
<br /> Cairo,NE 68824 Cairo,NE 68824
<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 30 th day of
<br /> r' _ December,2013 by the grantor(s)Mitchell L.Spiehs and Ashley E.Spiehs,husband and wife,and Suzanne I.
<br /> Spiehs and Jason D.Goodwin,wife and husband.
<br /> The trustee is Pathway Bank whose address is PO Box 428,Cairo,Nebraska 68824("Trustee"). The
<br /> a 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$400,000.00("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 South Half of the Northeast Quarter(S1/2NE1/4) of Section 25,
<br /> Township 12 North,Range 11,West of the 6th 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 30 ,2013 in the
<br /> amount of$400,000.00 loaned to Wilbur L.Spiehs,Mitchell L.Spiehs and Suzanne I. Spiehs and any
<br /> renewals,extensions or modifications.
<br /> FUTURE ADVANCES. To the extent permitted by law,this Security Instrument will secure future
<br /> advances as if such advances were made on the date of this Security Instrument regardless of the fact that
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