Laserfiche WebLink
Z <br />N� Ci <br />^ r ; <br />0 _ <br />- <br />0) - <br />s <br />�e•a � <br />THIS INSTRUMENT PREPARED BY: <br />Pathway Bank <br />PO Box 428 <br />Cairo, NE 68824 <br />m 2004 -2015 Compliance Systems, Inc. 68F9 -F201 - 2015.11.3.1025 <br />Commercial Real Estate Security Insttrument - DL4007 <br />r rY <br />r1 <br />in X <br />AFTER RECORDING RETURN TO: <br />Pathway Bank <br />PO Box 428 <br />Cairo, NE 68824 <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 March 17, 2016 by <br />the grantor(s) Gary Harders, Husband, whose address is 362 S Burwick Rd, Wood River, Nebraska 68883, <br />and Lisa Harders, Wife, whose address is 362 S Burwick Rd., 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 Two Hundred Thousand and 00 /100 Dollars (U.S. <br />$1,200,000.00) ( "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: 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 March 17, 2016, in the amount of 5550,000.00 <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. <br />Page 1 of 5 www.compliancesystems.com <br />•,‘1 Initials <br />N <br />0) <br />