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<br />200709217
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<br />(Space Above This Lint\ For Recording Data)
<br />
<br />LOAN NUMBER: 0150267703
<br />
<br />COMMERCIAL REAL EST A TE DEED OF TRUST
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<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on October 26, 2007
<br />by Tim C Plate, A Single Person, whose address is 620 N Webb Rd, Grand Island, Nebraska 68803 the
<br />grantor(s) ("Grantor"). The trustt:e 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 ofUnitt:d
<br />States of America. Grantor in consideration of loans extended by Lender up to a maximum principal amount of
<br />Fifty-two Thousand and 001100 Dollars ($52,000.00) ("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 />Address: 359 S Plum St, Grand Island, Nebraska 68801
<br />Legal Description: The North Fifty-four (54) feet of Lot Twenty-two (22), in Block One (1), in Koehler
<br />Place, an Addition to the City of Grand Island, Hall County, Nebraska, and also a certain part of Lot
<br />Twenty-two (22) in Block One (1), Koehler Place, as originally platted, more particularly described as:
<br />Beginning at a point on the West line of said Lot, such point being 65.3 feet South of the Northwest corner
<br />of said Lot; running thence North along the West line of said Lot, 11.3 feet; running thence East, parallel to
<br />the North line of said Lot, 54.8 feet, to the Easterly line of said Lot; running thence Southwesterly along the
<br />Southeasterly line of said Lot, 32.2 feet, to a point 10.0 feet Northeasterly from, as measured at Right
<br />Angles to, the concrete curb now located; running thence Northwesterly on a line concentric with, and
<br />parallel to, the concrete curb as now located, 36.8 feet to the point of beginning.
<br />
<br />Togt:ther with all easements, appurtcnances 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 privilt:ges 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 right<;, 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 cxecuted 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 hcreafter 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 Documt:nts
<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 thc date of this Security Instrumcnt rcgardlcss ofthe fact that from time to time there
<br />may be no balance due under thc note and regardless of whether the Lender is obligated to make such future
<br />advanct:S.
<br />
<br />CROSS COLLATERALIZATION. 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, represt:nts,
<br />warrants, covenants and agrees with Lender, its successors and assigns, as follows:
<br />
<br />(<) 2004- 2006 Copyright Compliance S}'>tem;. r nc, 340A-04EA - 2006,11,182
<br />ComlT'W:rcial Real Estate Security Instruml:'tlt - DL4007
<br />
<br />Page I of5
<br />
<br />www.compliancesystems.com
<br />8IKI-968-8522 - Fax 616-956-1868
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