|
THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of Grand
<br />Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />rn
<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />(,f)
<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of Grand
<br />Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on October 10, 2017
<br />by the grantor(s) Terry A. Rawlings aka Terry Rawlings and Flora A. Rawlings aka Alma Rawlings,
<br />Husband and Wife, whose address is 1733 S. Blaine St., GRAND ISLAND, Nebraska 68803 ( "Grantor "). The
<br />trustee is Arend R. Baack, Attorney, whose address is P.O. Box 790, Grand Island, NE 68802 ( "Trustee "). The
<br />beneficiary is Home Federal Savings & Loan Association of Grand Island whose address is 221 South Locust
<br />Street, Grand Island, Nebraska 68801 ( "Lender "), which is organized and existing under the laws of the United
<br />States of America. Grantor in consideration of loans extended by Lender up to a maximum principal amount of
<br />One Hundred Thousand Two Hundred Seventy -four and 75/100 Dollars (U.S. $100,274.75) ( "Maximum
<br />Principal Indebtedness "), and for other valuable consideration, the receipt of which is acknowledged, irrevocably
<br />grants, conveys and assigns to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hall, State of Nebraska:
<br />Address: 402 West 4th St., 404 West 4th St., 406 West 4th St., and 410 North Walnut St., GRAND ISLAND,
<br />Nebraska 68801
<br />Legal Description: Lot Eight (8), Block Thirty -Four (34), Original Town 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
<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 />of 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
<br />a 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 Terry A. Rawlings and Flora A. Rawlings to
<br />Home Federal Savings & Loan Association of Grand Island, howsoever created or arising, whether primary,
<br />secondary or contingent, together with any interest or charges provided in or arising out of such indebtedness, as
<br />well as the agreements and covenants of this Security Instrument and all Related Documents (hereinafter all
<br />referred to as the "Indebtedness ").
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument will secure future advances as
<br />if such advances were made on the date of this Security Instrument regardless of the fact that from time to time
<br />there may be no balance due under the note and regardless of whether Lender is obligated to make such future
<br />advances.
<br />CROSS COLLATERALIZATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to Lender, howsoever arising and whensoever incurred, except any obligation
<br />existing or arising against the principal dwelling of any Grantor.
<br />® 2004 -2016 Compliance Systems, Inc. 7c6102d2- 66d0175f - 2016.230.4.8
<br />Commercial Real Estate Security Instrument - DL4007 Page 1 of 5 www.compliancesystems.com
<br />
|