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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 />CAD
<br />0
<br />9
<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 May 26, 2015 by
<br />the grantor(s) Pam's Rentals, LLC, a Nebraska Limited Liability Company, whose address is 2170 N Monitor
<br />Rd, Grand Island, Nebraska 68801 ( "Grantor "). The trustee is Pathway Bank whose address is PO Box 428,
<br />Cairo, Nebraska 68824 ( "Trustee "). The beneficiary is Pathway Bank whose address is 306 S High St, P 0
<br />Box 428, Cairo, Nebraska 68824 ( "Lender "), which is organized and existing under the laws of the State of
<br />Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal amount of Three
<br />Hundred Ten Thousand and 00 /100 Dollars (U.S. $310,000.00) ( "Maximum Principal Indebtedness "), and for
<br />other valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to
<br />Trustee, in trust, with power of sale, the following described property located in the County of Hall, State of
<br />Nebraska:
<br />Legal Description: Parcel 1: Lots One (1), Two (2), Three (3), Four (4), Five (5), Nine (9) and Ten (10),
<br />Block Sixteen (16) and Lot Five (5), Block Fifteen (15), all in Baker's Addition to the City of Grand Island,
<br />Hall County, Nebraska EXCEPTING a certain tract more particularly described in Return of Appraisers
<br />recorded in the Register of Deeds Office as Document No. 200610814
<br />Parcel 2: Lot Three (3), Galvan Second Subdivision to the City 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, 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 Pam's Rentals, LLC and Pamela L Ehlers 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 />includes, but is not limited to, the following: promissory note dated May 26, 2015, in the amount of
<br />$310,000.00 and any renewals, extensions or modifications.
<br />© 2004 -2014 Compliance Systems, Inc. 8066 -784A - 20131.2.10.1.869
<br />Commercial Real Estate Security Instrument - DL4007
<br />Page 1 of 5 www.compliancesystems.com
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