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<br />LOAN NUMBER: 0150267185
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on June 29,2007 by
<br />Housing Development Corporation, a Nebraska Corporation, whose address is 301 S Burlington, Hastings,
<br />Nebraska 68901 the grantor(s) ("Grantor"). The trustee is TierOne Bank whose address is 1235 'N' St / P.O.
<br />Box 83009, Lincoln, Nebraska 68501 , ("Trustee"). The beneficiary is TierOne Bank whose address is PO Box
<br />5018/700 N Webb RD, Grand Island, Nebraska 68802-5018 ("Lender"), which is organized and existing under
<br />the laws of United States of America. Grantor in consideration of loans extended by Lender up to a maximum
<br />principal amount of Eighty-five Thousand Three Hundred Seventeen and 88/100 Dollars ($85,317.88)
<br />("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of which is acknowledgt:d,
<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: 315 West 12th Street, Grand Island, Nebraska 68801
<br />Legal Description: Lot Four (4), in Block Forty Three (43), in Russel Wheeler's Addition to the City of
<br />Grand Island, Hall 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 (whether groundwater, subterranean or
<br />otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not appurtenant to the above-
<br />described real property), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br />storagt: 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 />
<br />RELATED DOCUMENTS. The words "Rclated 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 evidenecd by a
<br />prqmissory 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 to LL'llder, howsoever created or arising,
<br />whether primary, st:condaryor contingent, together with any interest or charges provided in or arising out of such
<br />indebtedness, as well as the agreements and covenants of this Security Instrument and all Related Documents
<br />(hereinafter all refcrred to as the "Indebtedness").
<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 thc 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 COLLA TERALIZA TION. 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, succt:ssors, and assigns, reprt:st:nts,
<br />warrants, covenants and a!,'l"ees 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 Docummts in accordance with the terms contained therein.
<br />
<br />Defense and Title to Property. At the time of execution and ddivery of this instrument, Grantor is lawfully
<br />seised of tht: estate hereby conveyed and has the exclusive right to mortgage, grant, convey and assign the
<br />Property. Grantor covenants that the Property is unencumbered and free of alii iens, except for encumbrances
<br />of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally
<br />
<br />~ ZOO4-Z006 Copyright Comphance Sl'tClllS, Inc, 340A-7063 - ZOO6, II, 18J
<br />Ct.lllllT-=tdal Rc=al Estate Security Instrument - DL4007
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