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<br /> RELATED D�CUMENTS. The words "Rela�ed Documen�s" mean a�l pr�missory notes, securit� agreements,
<br /> prior mor�gages, pr�ar deeds �f�rust, pri�r deeds to secure debt, business l�an ag�•eemen�s, construction Iuan
<br /> agreements, res��uti�n�, guarant�es, environmenta� agreements, subordina�ivn a�reements, assignmen�s af Ieases
<br /> and rents and any ather d�cuments or agreemen�s e�ecu�ed in connec�ion �i�h �his Indeh�edness and Se�uri�y
<br /> �ristrument,�vhe�her now or hereafter e�is�ng,in�iud�ng any m�difi�ations,extens�vns,substitut�ons or renewals of
<br /> any �f�he foregaing. The Reiated 17ocum�nts are herel�y made a par� �f�h�s Secur�ty �nstr�ument by reference
<br /> theret�,�v��h the same farce and effec�as if fu�l�se�for�h herein.
<br /> INDEBTEDNESS.This Security Instrument se�ures the principa�amount shov�n abo�re as may�e e�idenced by a
<br /> prvmiss�ry no�e or n�tes �f e�en, pr�or or subsequent date hereto, �nc�uding future advances and every �ther
<br /> indebtedness of any and e�ery kind no� or hereafter �vv�ng from 3841 N�BRASI�A HIGHWA,S�' 2, LLC to
<br /> Home Federal Sa►vings & Loan AS�o�iat�on af Grand Island, hov�rsaever created ❑r arisulg, whe�her primary,
<br /> sec�ndar�r�r contingen�,toge�her���h any interest�r charges provided in or arising.�ut of such indebtedness, as
<br /> v�e11 as �he agreements and covenants �f this Security Ins�.rumen� and aI1 Related.D��uments �hereinaf�er al�
<br /> referr�d�o as the"Indebtedness"}. .
<br /> FUTURE ADVAN�ES.Tfl�he e��ent permitted by law,#h�s 5ecurity�nstrumen�wiil se�ure future advances as if
<br /> such ad�rances�ere made on the da�e�f thxs Security Ins�rument regardless�f�he fac�that from time to t�me�here
<br /> may be no balance due under the n�te and regard�ess�f whe�her L�nder is ob�iga�ed t�make such future advances.
<br /> CRQSS C�LLATERALI.ZATI�N. It is the expressed intent �f Gran�ar t� cross co�lateralYze all of its
<br /> Indebtedness and abl�gat�ons t� Lender, hov�s��ver arising and v�hens�e��r �.ncurred, except any v�bligation
<br /> existing or arising against the pr�.ncipal dvwe�ling�f any�rantor. �
<br /> ��NSTRUCTI�N LUA�T AGREEMENT.This Securit��Instrument is made�n c�njunc�i�n�i�h a��nstruction
<br /> Laan Agreement da�ed the same date as �his Security Insirument and is suhj ect to a11 of the pr�visi�ns of the
<br /> C�nstruction Loan Agreement as if�hase pr��isi�ns v�ere ful�y se�forth in this se�urity Instrument and made a par�
<br /> af it. . : � �
<br /> 'VL�A�tANTIES. Grant�r, for i�se�f, its he€rs, persona� representa�ives, successors, and ass�gns, represents,
<br /> v�arran�s,co�enants and agrees�ith Lender,i�s success�rs and ass�gns,as foll�v�s: `
<br /> Perfarmance of U��xgatxons. Grant�r pr�mises �v perfvlm aI1 terms, cvndit�vns, and c��renan�s vf th�s
<br /> Security Instrum�nt and Related Documen�s iri a�cardance with the terms c�nta�ned�herein.
<br /> I3efense and Title to Property.At�he time vf e��cution and delivery�f th�s instr�.unent,Gran�or�s lawful�y
<br /> se�sed�f the es�afie hez eby c�nveyed:and has�he exclusi��r�ght to mor�gage, grant, �anvey and assign the
<br /> Pr�per�y.�ran�or co�enan�s that�he Pr�per�is unen�um�ered and fi e��f ali�.iens,e�c�pt f�r encumbrances
<br /> �f rec�rd accep�a�le t� Lender. Fur�her, Grant�r ca�enants �hat Grant�r�x1I vvarrant and defend generally
<br /> the title fio the Pr�pert� agauast an� and all c�a�ms�and demands �hatsoever, subj ect t� �he easemen�s,
<br /> restt-ic�ions, or �ther encurnbrances �f record accep�a��e �o Lender, as may be �is�ec� in �he schedule �f
<br /> e�ceptiflns �v coverage ul any abst�a�� �f t�t1e or ��tle insurance polxcy �nsuring Lender's interest in the
<br /> Praperty.
<br /> Cond�ti�n of Property. Grantor promises at a11 times ta preserve and to maintain�he Property and every
<br /> pa�-�thereof in go.od r�pa�r, �vvrking order, and c�ndit�on and�1�from time t� t�.me, make a11 needful and
<br /> prvper repa�rs so that the�raiue�f�he Property shal�not in any wa�r be impa�red.
<br /> Removal �f any Part of th�prop�rty. Gran��r promises not to remo�re an�par� �f�.ie Property from its
<br /> presen�location,e�cep�'f�r rep�acemen�,main�enance and r�iacat�on in�he�rdv�ar�course vf bu.siness.
<br /> Alteratian� to the. Prop�rt�. Grantor pr�mises t� absta�n fr�m the c�mm�ss�an of an�r �aste on ar in
<br /> connect�an with�he Prop�rty.Further,Grantor sha��make n�ma�er�al alterations,add��ions or improvem�nts
<br /> of any t�pe v�ha�soever,t� the Pr�perty, regardless �f�rh�ther such altera�ions; add�t�ons �r �mprovements
<br /> �vould increase �he va�u� ❑f�he Prop�r�y, nor permit anyone to do so e�cep� for��nant impro�r�ments and
<br /> c�mp�e�ion of�tems pursuan.�to appruved plans a.nd speci�ications, without Lender's prior�rrit�en cvnsen�,
<br /> vvhich consent rnay �e withheld by Lender in its s�Ie discre��on. Grantor will c�mp�� v�ith al� �av�s and
<br /> reguiations �f aII pub�ic au�h�rities hav�ng jurisdictiun o�er�he Proper��ncluding,vvith�ut�im��ation,�hose
<br /> re�ating ta the use, �c�upancy and ma�n�enance�here�f and sha11 upnn request promptly subm�t�o Lender
<br /> evidence of such c�mp�iance. �
<br /> �3ue an Sa�e-Lender'S CanS�nt.Gran��r sha11 no�se��,fur�her encumber�r ather�v�se dispose of,except as
<br /> here�n pr�vided, any �r all of its interest in any part of or aII nf the Proper� �i�hou� �irst vbtau��ng the
<br /> written c.nnsent of Lender. If an� encumbran�e, �ien, transfer or sale or agreemen� f�r �hese is �reated,
<br /> Lender may. declare unm�dia�e�y due and payable,�h�entire balance�f the Indebtedness.
<br /> Insurance.�rantor prom�ses to�eep the Pr�perty insured against su�h risks and in such form as may�ithin
<br /> the sole discretion of Lender be ac�eptabl�, �ausing Lender t� be named as �ass pa�ee ar if requested b�
<br /> Lender, as mor�gagee. The insuran�e �ompany sha1� be ch�sen by Grant�r subject ta Lender's appr�val,
<br /> v�hich shall nat be unreasanabi� �r��hheld. All insurance po1���es must pro�ride fihat Lender �r�ll g�t a
<br /> m�mum af 1�days not�ce pr�or�a cancellation.At Lender's d�scretion,Gran�or may be requ�red�o produ�e
<br /> receipts of paid pr�miums and renewal po�icies.If Grantor fai�s t�a��ain fhe required c��verage,Lender may
<br /> da s�at�ran��r's expense.Gr�nt�r hereby direc�s each and every insurer of the Pr�pe�-fiy��make payment of
<br /> �oss��Lender�i�h the pr�ceeds ta be applied, �nly a�Lender's option,to�he repa�r and repiacement of�he
<br /> damage ar Ioss�r to be app�ied to the�ndebtedness with the surplus, if any,�o be pa�d�y Lender t�Grantor.
<br /> �2aD�-2U15 CampIiance Systems,Inc.391�-32�5-2415.12.2.1Q36
<br /> Cammercial Cnnstructian Se�urity Fnstn�ment-DiAQOT Page 2 af5 www.compfian�esystems.com
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