|
THIS INSTRUMENT PREPARED BY:
<br />athway Bank
<br />3333 W State Street PO Box 5318
<br />Grand Island, NE 68803
<br />® 2004 -2016 Compliance Systems, Inc. 7c6102d2- c7f7c044 - 2016.230.4.8
<br />Commercial Real Estate Security Instrument - DL4007
<br />L
<br />Q
<br />3
<br />CD
<br />AFTER RECORDING RETURN TO:
<br />Pathway Bank
<br />X3333 W State Street PO Box 5318
<br />Grand Island, NE 68803
<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 October 3, 2017
<br />by the grantor(s) Mark Rainforth, Husband, whose address is 4335 Cambridge Rd, Grand Island, Nebraska
<br />68803, and Crystal Rainforth, Wife, whose address is 4335 Cambridge Rd, Grand Island, Nebraska 68803
<br />( "Grantor "). The trustee is Pathway Bank, whose address is PO Box 428, Cairo, NE 68824 ( "Trustee "). The
<br />beneficiary is Pathway Bank whose address is 3333 W. State St., Grand Island, Nebraska 68803 ( "Lender "),
<br />which is organized and existing under the laws of the State of Nebraska. Grantor in consideration of loans
<br />extended by Lender up to a maximum principal amount of Thirty -one Thousand Five Hundred and 00 /100
<br />Dollars (U.S. $31,500.00) ( "Maximum Principal Indebtedness "), and for other valuable consideration, the receipt
<br />of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the
<br />following described property located in the County of Hall, State of Nebraska:
<br />Address: 4335 Cambridge Rd, Grand Island, Nebraska 68803
<br />Legal Description: Lot Fifteen (15) in Bishop Heights Second Subdivision to the City of Grand Island, Hall
<br />County, 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 Mark Rainforth and Fairview Landscape,
<br />Lighting & Desing LLC to Pathway Bank, howsoever created or arising, whether primary, secondary ur
<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
<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 />Page 1 of 5
<br />tlike www.compliancesystems.com
<br />Initials
<br />
|