|
THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />xs
<br />-n
<br />ti m
<br />c
<br />2
<br />fl
<br />A 2
<br />—c
<br />03
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />rl
<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 May 13, 2015 by
<br />the grantor(s) Gary Harders, Husband, whose address is 362 S Burwick Rd, Wood River, Nebraska 68883 ,
<br />Lisa Harders, Wife, whose address is 362 S Burwick Rd., Wood River, Nebraska 68883 , and Donna R
<br />Harders, also known as Donna Harders, A Single Person, whose address is 1124 S Burwick Rd, Wood River,
<br />Nebraska 68883 ( "Grantor "). The trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska
<br />68824 ( "Trustee "). The beneficiary is Pathway Bank whose address is 306 S High St, P 0 Box 428, Cairo,
<br />Nebraska 68824 ( "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 One Million Five Hundred
<br />Thousand and 00 /100 Dollars (U.S. $1,500,000.00) ( "Maximum Principal Indebtedness "), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust,
<br />with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />Legal Description: See attached Exhibit "A"
<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 Gary Harders and Lisa Harders 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 May 13, 2015, in the amount of $660,000.00 and
<br />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 />o 2004 -2014 Compliance Systems, Inc. 8066 -7381 - 2013L2.10.1.869
<br />Commercial Real Egtate Security I trument - DL4007 Page 1 of 5 www.compliancesystems.com
<br />0
<br />aite
<br />
|