|
7
<br /> t, D n n
<br /> 'l/ C n rn 1,1
<br /> C - U
<br /> .. n z 3
<br /> T rn > N V7
<br /> a r J" (1 Co fTi o
<br /> Cyr r'J -`J
<br /> ii■. cp.0 U1 V, r CA) co rn #
<br /> -4- C)
<br /> THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br /> Pathway Bank Pathway Bank
<br /> 306 S High St 306 S High St
<br /> Cairo,NE 68824 Cairo,NE 68824 0
<br /> 6
<br /> (Space Above This Line For Recording Data)
<br /> 4°'
<br /> COMMERCIAL REAL ESTATE DEED OF TRUST
<br /> This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on March 20, 2018
<br /> Nebraska 68824, and
<br /> by the anto s Michael W Lowry, Husband, whose address is P 0 Box 370, Cairo, ,
<br /> Y �' � )
<br /> Denise K Lowry, Wife, whose address is P 0 Box 370, Cairo, Nebraska 68824 ("Grantor"). The trustee is
<br /> Pathway Bank, whose address is PO Box 428, Cairo, NE 68824 ("Trustee"). The beneficiary is Pathway Bank
<br /> whose address is 306 S High St, P 0 Box 428, Cairo, Nebraska 68824 ("Lender"), which is organized and
<br /> laws of the State of Nebraska. Grantor in consideration of loans extended by Lender up to a
<br /> existing under the a y p
<br /> g
<br /> maximum principal amount of Seven Hundred Thousand and 00/100 Dollars (U.S. $700,000.00) ("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 /> Legal Description: Please 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 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 no 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 Michael W Lowry and Denise K Lowry to
<br /> 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 March 20, 2018, in the amount of
<br /> $700,000.00 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.
<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.7c6102d2-4b7aeeae-2016.230.4.8
<br /> Commercial Real Estate Security Instrument-DL4007 Page 1 of 5 www.compliancesystems.com
<br /> Initials
<br />
|