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<br />LOAN NUMBER: 1253710
<br />COMMERCIAL REAL EST ATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on December 11, 2006
<br />by Richard H Baasch and Arlene M Baasch, husband and wife, whose address is 127 E Airport Road,
<br />Grand Island, Nebraska 68803 ; the grantor(s) ("Grantor"). The trustee is Union Bank and Trust Company
<br />whose address is PO Box 5166, Grand Island, Nebraska 68802, ("Trustee"). The beneficiary is Union Bank &
<br />Trust Company whose address is 2008 North Webb Road, Grand Island, Nebraska 68803 ("Lender"), which is
<br />organized and existing under the laws of the state of Nebraska. Grantor in consideration of loans extended by
<br />Lender up to a maximum principal amount of One Hundred Fifteen Thousand and 00/100 Dollars ($115,000.00)
<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 land and property described
<br />below:
<br />
<br />Address: 216 N Cedar St, Grand Island, Nebraska 68801
<br />Legal Description: The Southerly 44' Lot 1, Block 62, Original Town, now city of Grand Island, Hall
<br />County, Nebraska
<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, prior deeds of trust, business loan agreements, construction loan agreements, resolutions,
<br />guaranties, environmental agreements, subordination agreements, assignments of leases and rents and any other
<br />documents or agreements executed in connection with this Security Instrument whether now or hereafter existing.
<br />The Related Documents are hereby made a part of this Security Instrument by reference thereto, with the same
<br />force and effect as if fully 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 and Arlene M
<br />Baasch 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 parties agree that the total amount which is secured by
<br />this Security Instrument shall not exceed $ 230,000.00 _ _
<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 COLLATERALIZATION. 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 />Performance of Obligations. Grantor promises to perform all terms, conditions, and covenants of this
<br />Security Instrument and Related Documents in accordance with the terms contained therein.
<br />
<br />Defense and Title to Property. At the time of execution and delivery of this instrument, Grantor is lawfully
<br />seised of the estate hereby conveyed and has the exclusive right to mortgage, grant, convey and assign the
<br />
<br />iO 2004.2006 Copyright Compliance Systems. Inc, D291-05CF - 2006.07,166
<br />Commercial Real Estate Security Instrument - OLAOO?
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