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<br />THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />KO PO Box 250
<br />Burwell, NE 68823
<br />Initials
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<br />AFTER RECORDING 2ETURN TO:
<br />Pathway Bank
<br />817 H Street
<br />Burwell, NE 68823
<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF fRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrumen') is made on April 15, 2014 by
<br />the grantor(s) Theodore N Aldrich, Husband, whose address is 46275 Hwy 96, Burwell, Nebraska 68823 , and
<br />Roxanne R Aldrich, Wife, whose address is 46275 Hwy 96, Burwell, Nebraska 68823 ( "Grantor "). The trustee
<br />is Pathway Bank whose address is 817 H Street, Burwell, Nebraska 6882? ( "Trustee "). The beneficiary is
<br />Pathway Bank whose address is 817 H St PO Box 250, Burwell, Nebraska 68823 ( "Lender "), which is
<br />organized and existing under the laws of the State of Nebraska. Grantor in co-sideration of loans extended by
<br />Lender up to a maximum principal amount of Eighty - two Thousand Ninety -- ight and 00 /100 Dollars (U.S.
<br />$82,098.00) ( "Maximum Principal Indebtedness "), and for other valuable cons :deration, the receipt of which is
<br />acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, v 01 power of sale, the following
<br />described property located in the County of Hall, State of Nebraska:
<br />Address: 25 St. James Place, Grand Island, Nebraska 68801
<br />Legal Description: Lot twenty five (25) Block (7) Unit (1), in Continental Gardens, an addition to the City
<br />of 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, person it 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 whethe • 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, prior deeds to secure debt, business loan agreements, construction loan
<br />agreements, resolutions, guaranties, environmental agreements, subordination agreements, assignments of leases
<br />and rents and any other documents or agreements executed in connection wit:, this Indebtedness and Security
<br />Instrument, whether now or hereafter existing, including any modifications, extersions, substitutions or renewals of
<br />any of the foregoing. The Related Documents are hereby made a part of this Security Instrument by reference
<br />thereto, with the same force and effect as if fully set forth herein.
<br />INDEBTEDNESS. This Security Instrument secures the principal amount show.; 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 Theodore N Aldrich and Roxanne R Aldrich to
<br />Pathway Bank, howsoever created or arising, whether primary, secondary or contingent, together with any
<br />interest or 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 tl;, "Indebtedness "). Secured debt
<br />includes, but is not limited to, the following: promissory note dated April 15, 2014, in the amount of
<br />$82,098.00 and any renewals, extensions or modifications.
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrumen' 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 />o 2004 -2013 Compliance Systems, Inc. CBAE -B4AD - 2013L2.0.E1.655
<br />Commercial Real Estate Security Instrument - DL4007 Page 1 of 5 www.compliancesystems.com
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