|
THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />fl
<br />r
<br />c A n z
<br />znv
<br />rTt
<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />s
<br />C�
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on March 13, 2017 by
<br />the grantor(s) T & S PROPERTIES, LLC, a Nebraska Limited Liability Company, whose address is 315
<br />BEACHWOOD DRIVE, GRAND ISLAND, Nebraska 68803 ( "Grantor "). The trustee is Arend R. Baack,
<br />Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiary is Home
<br />Federal Savings & Loan Association of Grand Island whose address is 221 South Locust Street, Grand
<br />Island, Nebraska 68801 ( "Lender "), which is organized and existing under the laws of the United States of
<br />America. Grantor in consideration of loans extended by Lender up to a maximum principal amount of Fifty -five
<br />Thousand and 00 /100 Dollars (U.S. $55,000.00) ( "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 />Address: 318 N. White Ave. and 918 W. 12th St., GRAND ISLAND, Nebraska 68803
<br />Legal Description: 318 White Ave.,
<br />Lot Four (4), Block Fifteen (15) Packer and Barr's Addition to the City of Grand Island, Hall County,
<br />Nebraska;
<br />918 W. 12th St.,
<br />Lot Seven (7), Block Thirteen (13), in Gilbert's Addition to the City of Grand Island, Hall County,
<br />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 T & S PROPERTIES, LLC to Home Federal
<br />Savings & Loan Association of Grand Island, howsoever created or arising, whether primary, secondary or
<br />contingent, together with any interest or charges provided in or arising out of such indebtedness, as well as the
<br />agreements and covenants of this Security Instrument and all Related Documents (hereinafter all referred to as the
<br />"Indebtedness ").
<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 />U' 2004 -2015 Compliance Systems, Inc. 6488 -895F - 2015.12.3.1.1039
<br />Commercial Real Estate Security Instrument - DL4007 Page 1 of 5 www.compliancesystems.com
<br />C0
<br />
|