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<br />THIS INSTRUMENT PREPARED BY:
<br />Pathway Bank
<br />O Box 428
<br />Cairo, NE 68824
<br />o 2004 -2016 Compliance Systems, Inc. 7c6102d2- 351103bf - 2016.230.4.8
<br />Commercial Real Estate Security Instrument - DIA007
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<br />AFTER RECOItb1NG 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 />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on November 1, 2017
<br />by the grantor(s) Tommy L Ummel Sr., an single person, whose address is 567 S Shady Bend Rd, Grand
<br />Island, Nebraska 68801, Tommy L Ummel Jr, Husband, whose address is 539 S Shady Bend Road, Grand
<br />Island, Nebraska 68801, and Cary K Ummel, Wife, whose address is 539 S Shady Bend Road, Grand Island,
<br />Nebraska 68801 ( "Grantor "). The trustee is Pathway Bank, whose address is PO Box 428, Cairo, NE 68824
<br />( "Trustee "). The beneficiary is Pathway Bank whose address is 306 S High St, P 0 Box 428, Cairo, Nebraska
<br />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 />Address: 308 Willow Road, Grand Island, Nebraska 68801
<br />Legal Description: Lot Two (2), Livengood Subdivision in the City of Grand Island, Hall County, Nebraska,
<br />EXCEPTING a certain tract more particularly described in Deed recorded as Instrument No. 200205750
<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 Tommy L Ummel Sr. and Tommy L Ummel
<br />Jr to Pathway Bank, howsoever created or arising, whether primary, secondary or contingent, together with any
<br />interest or charges provided in or arising out of such indebtedness, as well as the agreements and covenants of this
<br />Security Instrument and all Related Documents (hereinafter all referred to as the "Indebtedness "). Secured debt
<br />includes, but is not limited to, the following: promissory note dated November 1, 2017, in the amount of
<br />$400,000.00 and any renewals, extensions or modifications.
<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.
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