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<br />20070S67b
<br />
<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 0150267173
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Seeurity Instrument") is made on June 28, 2007 by
<br />Chelsea Square Development, L.L.C., a Nebraska Limited Liability Company, whose address isJ29
<br />Ponderosa Drive, Grand Island, Nebraska 68803 the grantor(s) ("Grantor"). The trustee is TierOne Bank whose
<br />address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 , ("Trustee"). The beneficiary is TierOne
<br />Bank whose address is PO Box 5018 / 700 N Webb RD, Grand Island, Nebraska 68802-5018 ("Lender"), whieh
<br />is organized and existing under the laws of United States of America. Grantor in consideration of loans extended
<br />by Lender up to a maximum principal amount of Forty Thousand and 00/100 Dollars ($40,000.00) ("Maximum
<br />Principal Indebtedness"), and for other valuable consideration, the rceeipt of which is acknowledged, irrevocably
<br />grants, conveys and assigns to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hall, State of Nebraska:
<br />
<br />Address: 624 North Webb Road, Grand Island, Nebraska 68803
<br />Legal Description: PART OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER (NE-
<br />1/4 SE-1/4) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10)
<br />WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS
<br />FOLLOWS: COMMENCING AT A POINT 148.5 FEET SOUTH OF THE NORTHEAST CORNER OF
<br />SAID NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION; THENCE
<br />WEST FOR A DISTANCE OF 290.0 FEET, RUNNING THENCE SOUTH FOR A DISTANCE OF 150.2
<br />FEET, RUNNING THENCE EAST FOR A DISTANCE OF 290.0 FEET, AND RUNNING THENCE
<br />NORTH FOR A DISTANCE OF 150.2 FEET TO THE PLACE OF BEGINNING, EXCEPT A TRACT OF
<br />LAND MORE PARTICULARLY DESCRIBED IN WARRANTY DEED FILED SEPTEMBER 30, 1994
<br />IN THE REGISTER OF DEEDS OFFICE AS DOCUMENT NO. 94-108118.
<br />
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hcreditaments, equipment, rents, income, profits and royalties, personal goods ofwhatt:ver description
<br />and all other rights and privileges including all minerals, oil, gas, water (wht:ther groundwater, subterranean or
<br />otherwise), water rights (whether riparian, appropriate or otherwise, and whcther or not appurtenant to the above-
<br />described real property), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, rt:servoir sites,
<br />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 />
<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 agreemcnts 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 thercto, with the same
<br />force and effect as if fully set forth herein.
<br />
<br />INDEB TEDNESS. This Security Instrument secures the principal amount shown above as may be evidenced by a
<br />promissory nott: or notes of even, prior or subsequt:nt datt: hereto, including future advances and every other
<br />indebtedness of any and every kind now or hereafter owing from Grantor and Robert C Ramold to Lender,
<br />howsoever created or arising, whether primary, secondary or contingent, together with any interest or charges
<br />provided in or arising out of such indebtedness, as well as the agreements and covenants of this Security
<br />Instrument and all Rclatt:d Documt:nts (ht:reinafter all rdt:rred to as the "Indebtedness").
<br />
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument will st:cure 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, howsot:ver arising and whensoever ineurred.
<br />
<br />(> 2004.2006 Copyright Compliance Systems, Inc, 340A-FACO - 2006, L L, L82
<br />Comn~rcial Real Estate Security Imtrumcnt - DL4007
<br />
<br />Page lof5
<br />
<br />www.complianccsystcms.com
<br />800-968-8522 - Fax 616-956-1868
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