|
THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />0 2004 -2014 Compliance Systems, Inc , 8066.64A6 •2013L2.I0.1.669
<br />Commercial Reel Estate Secur ity Instrument • DL4007
<br />Pie 1 o(6
<br />Inil*h
<br />rn
<br />C')
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />306 S High St
<br />Cairo, NE 68824
<br />r-
<br />7
<br />(Space Above This Line For Recording Dam)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on November 23,
<br />2015 by the grantor(s) Shoemaker Island Road, LLC, a Nebraska Limited Liability Company, whose address is
<br />PO Box 121, Cairo, Nebraska 68824 ( "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 Two
<br />Million and 00 /100 Dollars (U.S. S2,000,000.00) (' 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: Parcel 1: The Northeast Quarter of the Southeast Quarter (NE1 /4SE1 /4) of Section
<br />Thirty One (31), Township Eleven (11) North, Range Eleven (11) West of the 6th P.M., Hall County,
<br />Nebraska
<br />Parcel 2: The East Half of the Southwest Quarter (E1/2SW1/4) of Section Twenty Eight (28), Township
<br />Eleven (11) North, Range Eleven (11) West of the 6th P.M., Hall County, Nebraska EXCEPT a tract of
<br />land descirbed as Lot One (1), Sunset Estates Subdivision, Hall County, Nebraska as shown on plat
<br />recorded as Document No. 200000460
<br />Parcel 3: The West Half of the Southwest Quarter (W1/2SW1/4) and Northeast Quarter of the Southwest
<br />Quarter (NE1 /4SW1 /4) of Section Twenty Three (23), Township Eleven (11) North, Range Twelve (12)
<br />West of the 6th P.M., Hall County, Nebraska EXCEPT a tract of land descibed as Lot One (1), Roth
<br />Subdivision, Hall County, Nebraska as shown on plat recorded as Document No. 94- 110644
<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 Shoemaker Island Road, LLC, Teresa A
<br />Grabowski, Gary J Thesenvitz, Jennifer J Hebb, and Scott W Thesenvitz to Pathway Bank, howsoever
<br />created or arising, whether primary, secondary or contingent, together with any interest or charges provided in or
<br />
|