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<br />.;<. t. 50
<br />
<br />LOAN NUMBER: 8658
<br />
<br />COMMERCIAL REAL EST ATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL EST A TE DEED OF TRUST ("Security Instrument") is made on September 21,
<br />2007 by Carol J Staples, Individual, whose address is 3003 Colorado Ave, Grand Island, Nebraska 68801 ; the
<br />grantor(s) ("Grantor"). The trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ,
<br />("Trustee"). The beneficiary is Pathway Bank whose address is 306 S. High PO Box 428, Cairo, Nebraska
<br />68824 ("Lender"), which is organized and existing under the laws of the state of Nebraska. Grantor in
<br />consideration of loans extended by Lender up to a maximum principal amount of Thirty-seven Thousand and
<br />00/100 Dollars ($37,000.00) ("Maximum Principal Indebtedness"), and for other valuable consideration, the
<br />receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale,
<br />the following described property located in the County of Hall, State of Nebraska:
<br />
<br />Address: 1103 E 6th St., Grand Island, Nebraska 68801
<br />Legal Description: Fractional Lot 4 in Fractional Block 16 of Lambert's Addition to the City of Grand
<br />Island and the westerly 13.2 feet of Fractional Lot 4 and all of Fractional Lot 5 in Fractional Block 7 in
<br />Evan's Addition to the City of 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, 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 />RELA TED 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 to Lender, howsoever created or arising,
<br />whether primary, secondary or 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 referred to as the "Indebtedness").
<br />
<br />MATURITY DATE. The Indebtedness, ifnot paid earlier, shall be due and payable on January 1,2008.
<br />
<br />FUTURE ADV ANCES. To the extent permitted by law, this Security Instrument will secure future advances as if
<br />such advances were made on the date ofthis 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 COLLATERALIZA 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, 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 ofthis 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 />i.O 2004-2006 Copyti~ht Cnmpliance Systems, Inc. D291-4CFF - 2006.07.166
<br />IcommerCial Real Estate Security Instrumenr - DL4007 ...H.... .".."..___~c 1 of S
<br />
<br />
<br />Initials
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<br />www.complianccsystems.com
<br />800-968-8522 . Fax 616.956.18681
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