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THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />0 2004 -2014 Compliance Systems, Inc. 8066 -4AFA - 201312.10.1.869
<br />Commercial Real Estate Security Instrument - DL4007
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<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
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<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 November 16,
<br />2015 by the grantor(s) Michael Stutzman, whose address is 1027 E Oklahoma, Grand Island, Nebraska 68801
<br />( "Grantor "). The trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ( "Trustee ").
<br />The beneficiary is Pathway Bank whose address is 306 S High St, P 0 Box 428, Cairo, Nebraska 68824
<br />( "Lender "), which is organized and existing under the laws of the State of Nebraska. Grantor in consideration of
<br />loans extended by Lender up to a maximum principal amount of Thirty Thousand and 00 /100 Dollars (U.S.
<br />$30,000.00) ( "Maximum Principal Indebtedness "), and for other valuable consideration, the receipt of which is
<br />acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following
<br />described property located in the County of Hall, State of Nebraska:
<br />Legal Description: The North Half (N1 /2) of Lot Fourteen (14) and all of Lot Fifteen (15), Block Six (6), in
<br />the Original Town of Cairo, Hall County, Nebraska, excepting therefrom tracts of land more particularly
<br />described in the Warranty Deed recorded as Document No. 95- 102716 in the Office of the Hall County
<br />Register of Deeds.
<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 Michael Stutzman to Pathway Bank,
<br />howsoever created or arising, whether primary, secondary or contingent, together with any interest or charges
<br />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 November 16, 2015, in the amount of $30,000.00
<br />and 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.
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