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<br />(Space Abovc This Linc for Rccording Data)
<br />
<br />LOAN NUMBER: 0150267521
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on September 28,
<br />2007 by Tim C Plate, A Single Person, whose address is 620 N Webb Rd, Grand Island, Nebraska 68803 ;
<br />Rudolf F Plate, Husband, whosc address is 2209 E Stolley Park Rd, Grand Island, Nebraska 68801-1207; and
<br />Jeannice R Plate, Wife, whose address is 2209 E Stolley Park Rd, Grand Island, Nebraska 68801-1207 the
<br />grantor(s) ("Grantor"). The trustee is TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln,
<br />Nebraska 68501 , ("Trustee"). The beneficiary is TierOne Bank whose address is PO Box 5018/ 700 N Webb
<br />RD, Grand Island, Nebraska 68802-5018 ("Lender"), which is organized and existing under the laws of United
<br />States of America. Grantor in consideration ofloans extended by Lender up to a maximum principal amount of
<br />Six Hundred Thousand and 00/100 Dollars ($600,000.00) ("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 />Legal Description: Lot 1, Lot 2, Lot 3, Lot 4, Lot 5, Lot 6, Lot 7, Lot 8, Lot 9, Lot 10, Lot 11, Lot 12, Lot
<br />13, Lot 14, Lot 15, Lot 16, Lot 17, Lot 18, Lot 19, Lot 20, Lot 21, Lot 22, Lot 23, Lot 24, Lot 25, Lot 26, Lot
<br />27, Lot 28, Lot 29, Lot 30, Westwood Park Tenth Subdivision, in the City of Grand Island, Han County,
<br />Nebraska.
<br />
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hereditaments, equipment, rents, income, profits and roYdIties, 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 />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 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 />INDEB TEDNESS. 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 />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 COLLATERALlZATION. 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) 2004-2006 Copyright Complianco Systems. loc. 340A-609B - 2006, 11,182
<br />Commercial Real Estate Security Instrument - DL4007
<br />
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<br />8(XI.%8-8522 . F." 616-056-1868
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