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202110242
<br />1101�IIHIIIII�InI
<br />COMMERCIAL SECURITY AGREEMENT
<br />Principal
<br />$250330.51
<br />Loan Date
<br />41-04-2015 _11-01-2020.
<br />Staturdty
<br />Loan No
<br />4277812112
<br />can mull
<br />Account
<br />2137850509
<br />Officer
<br />W1886
<br />initials
<br />References in the boxes above are for Lenders use only and do not limit the applicability of this document to any particular loan or item.
<br />Any item above containing "'"*" has been omitted due to text length limitations.
<br />Borrower Katherine F Hoff
<br />1230 Sheridan Drive
<br />Hastings, NE 68901
<br />Grantor. PSK, LLC
<br />305 N Hastings Ave., Ste 201
<br />Hastings, NE 68901
<br />Lender. Wells Fargo Bank, National Association
<br />Grand island - Main
<br />304 W. 3rd Street
<br />Grand Island, NE 68801
<br />THIS COMMERCIAL SECURITY AGREEMENT dated November 4, 2015, is made and executed among PSK, LLC ("Grantor"); Katherine F Hoff
<br />("Borrower; and Wells Fargo Bank, National Association ("Lender").
<br />GRANT OF SECURITY INTEREST. For valuable consideration, Grantor grants to Lender a security interest In the Collateral to secure the
<br />Indebtedness and agrees that Lender shall have the rights stated In this Agreement with respect to the Collateral, in addition to all other rights
<br />which Lender may have by law.
<br />COLLATERAL DESCRIPTION. The word "Coliaterar as used in this Agreement means the following described property, whether now owned or
<br />hereafter acquired, whether now existing or hereafter arising, and wherever located, in which Grantor is giving to Lender a security interest for
<br />the payment of the Indebtedness and performance of all other obligations under the Note and this Agreement:
<br />Ali Inventory, Chattel Paper, Accounts, Equipment, General intangibles and Fixtures
<br />In addition, the word "Collaterar also indudes all the following, whether now owned or hereafter acquired, whether now existing or hereafter
<br />arising, and wherever located:
<br />(A) An accessions. attachments, accessories, tools, parts, supplies, replacements of and additions to any of the collateral described herein,
<br />whether added now or later.
<br />(B) All products and produce of any of the property described in this Collateral section.
<br />(C) AN accounts. general intangibles, instruments, rents, monies, payments, and an other rights, arising out of a sale, lease, consignment
<br />or other disposition of any of the property described in this Collateral section.
<br />(0) AN proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the property described in this
<br />Collateral section, and sums due from a third party who has damaged or destroyed the Collateral or from that party's Insurer, whether due
<br />to judgment, settlement or other process.
<br />(E) Alt records and data relating to any of the property described in this Collateral section, whether in the form of a writing, photograph,
<br />microfilm, microfiche, or electronic media, together with all of Grantors right, title, and interest in and to all computer software required to
<br />utilize, create, maintain, and process any such records or data on electronic media.
<br />Some or all of the Collateral may be located on the following described real estate:
<br />2705 Plum Creek Parkway, Lexington, NE 68860
<br />A tract of lend located In the North Half of the Southwest Quarter of section 17, Township 8 North, of Range 21, West of the Sixth
<br />Principal Meridian, in the City of Lexington, Dawson County, Nebraska, more fully descred as follows:
<br />Commencing at a point 60 feet North of the Southeast comer of said North Half of the Southwest Quarter; thence North 260 feet, thence
<br />West 300 feet parallel to the South line of said North Half of the Southwest Quarter, thence South 260 feet parallel to the East line of said
<br />North Half of the Southwest Quartet; thence East 300 feet, to the place of beginning; EXCEPTING THEREFROM a tract of land conveyed to
<br />the State of Nebraska, Department of Roads, by Warranty Deed recorded in Book 139, Page 483, and Quitclaim Deed recorded in Book
<br />139, Page 486, all in the Deed Records of Dawson County, Nebraska; AND EXCEPTING THEREFROM one half of all minerals and on
<br />underlying the surface of said land and an rights and easements in favor of the estate of said minerals and oil.
<br />7980 S Highway 281, Grand Island, NE 68803
<br />J/Cot Three (3), Highway Motels Subdivision of the Southeast Quarter of the Southeast Quarter (SE 1/4 SE 1/4) of Section Twenty-four (24),
<br />Township Ten (10) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska.
<br />228 N Burlington Ave., Hastings, NE 68901
<br />Lots 6 through 12, Block 20, Original Town, City of Hastings, Adams County, Nebraska.
<br />(the record owner of the real property is PSK, LLC; 305 N Hastings Ave., Ste 201; Hastings, NE 68901).
<br />CROSS -COLLATERALIZATION. In addition to the Note, this Agreement secures alt obligations, debts and liabilities, plus interest thereon, of
<br />either Grantor or Borrower to Lender, or any one or more of them, as well as all damns by Lender against Borrower and Grantor or any one or
<br />more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or
<br />otherwise, whether due or not due, direct or indirect, determined or undetermined. absolute or contingent, liquidated or unliquidated, whether
<br />Borrower or Grantor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise,
<br />and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to
<br />repay such amounts may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Agreement secures all future advances made by Lender to Borrower regardless of whether
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