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<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 1189890
<br />
<br />COMMERCIAL REAL EST ATE DEED OF TRUST
<br />
<br />;2 s: .5- 0
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on May 16, 2006 by
<br />K D K ENTERPRISES LLC, a Limited Liability, whose address is 216 N Cedar St, Grand Island, Nebraska
<br />68801 ; the grantor(s) ("Grantor"). The trustee is Union Bank and Trust Company whose address is PO Box
<br />5166, Grand Island, Nebraska 68802 , ("Trustee"). The beneficiary is Union Bank & Trust Company whose
<br />address is 2008 North Webb Road, Grand Island, Nebraska 68803 ("Lender"), which is organized and existing
<br />under the laws of the state of Nebraska. Grantor in consideration of loans extended by Lender up to a maximum
<br />principal amount of Forty~fivc Thousand Four Hundred Ninety-six and 00/100 Dollars ($45,496.00)
<br />("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged,
<br />irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following described property
<br />located in the County of Hall, State of Nebraska:
<br />
<br />Address: 221 E 10th St, Grand Island, Nebraska 68801
<br />Legal Description: The Northerly Seventy-Six (76) Feet of Lot One (1), Block One Hundred Forty-One
<br />(141), Union Pacifilifompany's Second Addition, City of Grand Island, Hall County, Nebraska
<br />Ro.i1 "''''j
<br />Property Located at 221 E 10th St Grand Island, NE 68801
<br />
<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, water wells, ditches, reservoirs, reservoir
<br />sites and dams located thereon and all riparian and water rights and water stock associated therewith, payment
<br />awards, amounts received from eminent domain, amounts received from any and all insurance payments, and
<br />timber which may now or later be located, situated, or affixed on and used in connection therewith (hereinafter
<br />called the "Property").
<br />
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, business loan agreements, construction loan agreements, resolutions, guaranties, environmental
<br />agreements, subordination agreements, assignments of leases and rents and any other documents or agreements
<br />executed in connection with this Security Instrument whether now or hereafter existing. The Related Documents
<br />are hereby made a part of this Security Instrument by reference thereto, with the same force and effect as if fully
<br />set forth herein.
<br />
<br />INDEBTEDNESS. This Security Instrument secures the principal amount shown above as may be evidenced by a
<br />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 Grantor and Richard H Baasch Sr and Karen M
<br />Riley to Lender, 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"). INCREASED
<br />MAXIMUM PRINCIPAL INDEBTEDNESS: Grantor hereby acknowledges that the principal amount
<br />shown above will automatically be increased by any future advances or other Indebtedness of the Grantor
<br />to the Lender. Notwithstanding the foregoing, the parti'Syfgree that PwI~1 amount which is secured by
<br />this Security Instrument shall not exceed $90,992.00. ~ u(l~V (Initials)
<br />
<br />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due and payable on November 16, 2006.
<br />
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument will secure future advances as if
<br />such advances were made on the date of this Security Instrument regardless of the fact that from time to time there
<br />may be no balance due under the note and regardless of whether the Lender is obligated to make such future
<br />advances.
<br />
<br />CROSS COLLATERALIZATTON. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to the Lender, howsoever arising and whensoever incurred.
<br />
<br />WARRANTIES. Grantor, for itself, its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees with Lender, its successors and assigns, as follows:
<br />
<br />~ 2004-2005 Copytight Compliance Systems. Inc. CC3A-1l626 - 2005.11.135
<br />Commercia.l Real Estate Security Instrument. DL400?
<br />
<br />www.compliancesyst.erns.com
<br />800.968.85n . Fax 616.956. 1868
<br />
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