|
THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />P 0 Box 428
<br />Cairo, NE 68824
<br />rn
<br />c
<br />n z
<br />r1
<br />( 1 • •
<br />—4
<br />1 r'ri
<br />Cr>
<br />AFTER RECORDING RETURN TO:
<br />,Pathway Bank
<br />P O 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
<br />DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on December 30,
<br />2016 by the grantor(s) Rathke Development LLC, a Nebraska Limited Liability Company , whose address is P
<br />0 Box 280, Cairo, Nebraska 68824, and Rathke Golf Inc., a Nebraska Corporation , whose address is P 0 Box
<br />280, Cairo, Nebraska 68824 ( "Grantor "). The trustee is Pathway Bank, whose address is PO Box 428, Cairo, NE
<br />68824 ( "Trustee "). The beneficiary is Pathway Bank whose address is 306 S High St, P 0 Box 428, Cairo,
<br />Nebraska 68824 ( "Lender "), which is organized and existing under the laws of the State of Nebraska. Grantor in
<br />consideration of loans extended by Lender up to a maximum principal amount of Four Hundred Thousand and
<br />00 /100 Dollars (U.S. $400,000.00) ( "Maximum Principal Indebtedness "), and for other valuable consideration,
<br />the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of
<br />sale, the following 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
<br />above - described real property), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir
<br />sites, 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
<br />® 2004 -2016 Compliance Systems, Inc. 7c6102d2- 0ca6359b - 2016.230.4.8
<br />Commercial Real Estate Security Instrument - DL4007 Page 1 of 7 www.compliancesystems.com
<br />Initials
<br />
|