|
<br /> ;10 n n
<br /> ~ m :t: )il. o~
<br /> ." m (I'J
<br /> c: n ::c ~.~
<br /> =0> o (fl
<br />\ " <""1"- n z '" c::::> o~
<br /> "r ~ c --.2 N3.
<br /> ffi ""xl.. c:l>
<br /> C. ~ ,.--' \" en :z:~
<br />N ~ n (I) ::n ~' r.-, -lfT1 ~~
<br />0 '" :x: rrl ~ --0 -< C'
<br />0 IJ\ ~~ N o"TJ
<br />--.J ~ . -.1 "TJ.~ -
<br />0 \J\ ""1 -.J ~
<br />0:> f \), 0 r :r: rn C)
<br />w i'11 l] :t.> CD
<br />0 rn ::3 I ;:IJ 0:>
<br />CJ'1 0 I :t:.. i
<br /> (11 (fl (..)
<br /> ........ ;><:
<br /> 1> C)
<br /> W ~ ----
<br /> co (fl U1 if
<br /> (fl
<br />
<br />(Space Above This Line For Recording Data)
<br />
<br />;? 5. ~o
<br />
<br />LOAN NUMBER: 8660
<br />COMMERCIAL REAL EST A TE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on September 21,
<br />2007 by Dawn M Peard, Individual, whose address is 2423 S Blaine St, 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 Sixty-four Thousand Three
<br />Hundred Twenty~five and 00/100 Dollars ($64,325.00) ("Maximum Principal Indebtedness"), and for other
<br />valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee,
<br />in trust, with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />
<br />Address: 2111 N Lafayette Ave, Grand Island, Nebraska 68801
<br />Legal Description: Lot Twelve (12), Block One (1), Searfrs Addition to West Lawn, Grand Island, Hall
<br />County, Nebraska
<br />ParcellO/Sidwell Number: 400087464
<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 September 21, 2012.
<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 COLLATERALIZA nON. 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 />02004.2006 Copyright r.~lmpliance Systems. Inc. D291~AA9E - 2006.07, 166
<br />Ic~",me'C"1 Real Estate Secu'"'y)n,\!umenl- D1A007
<br />
<br />Pa~e I of5
<br />
<br />www.complian(;t=systems.com
<br />.~.__}gg:968-RSn - fax 616'956'18~.81
<br />
<br />ImLials
<br />
|