|
THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />C�
<br />r
<br />ry)
<br />r`)
<br />CC)
<br />c�
<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 January 26, 2015
<br />by the grantor(s) David R Brown, Husband, whose address is 4475 S 90th Rd, Wood River, Nebraska 68883 ,
<br />and Joan M Brown, Wife, whose address is 4475 S 90th Road, Wood River, Nebraska 68883 ( "Grantor "). The
<br />trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ( "Trustee "). The beneficiary is
<br />Pathway Bank whose address is 306 S High St, P 0 Box 428, Cairo, Nebraska 68824 ( "Lender "), which is
<br />organized and existing under the laws of the State of Nebraska. Grantor in consideration of loans extended by
<br />Lender up to a maximum principal amount of One Million Seven Hundred Seventy Thousand and
<br />00 /100 Dollars (U.S. $1,775,000.00) ( "Maximum Principal Indebtedness "), and for other valuable consideration,
<br />the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of
<br />sale, the following described property located in the County of Hall, State of Nebraska:
<br />Legal Description: Parcel 1: The Southeast Quarter (SE 1/4) of Section Seven (7), Township Twelve (12)
<br />North, Range Eleven (11), West of the 6th P.M„ in Hall County, Nebraska.
<br />Parcel 2: The Northwest Quarter (NW 1/4) of Section One (1), Township Ten (10) North, Range Eleven
<br />(11) West of the 6th P.M., Hall County Nebraska EXCEPT Lot One (1), Brown Subdivision, Hall County,
<br />Nebraska.
<br />Parcel 3: The North Half of the Northeast Quarter (N1 /2NE1 /4) and the Southeast Quarter of the
<br />Northeast Quarter (SE1 /4NE1 /4) of Section Two (2), Township Ten (10) North, Range Eleven (11) West of
<br />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 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, 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 with this Indebtedness and Security
<br />Instrument, whether now or hereafter existing, including any modifications, extensions, 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 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 David R Brown and Joan M Brown 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 the "Indebtedness "). Secured debt
<br />o 2004 -2014 Compliance Systems, Inc. F9DE -60A3 - 2013L2.3.738
<br />Commercial Real Estate Security Instrument - DL4007
<br />Page 1 of 5 www.compliancesystems.com
<br />Initials
<br />
|