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<br />(Space Above This Line for Recording Data)
<br />
<br />LOAN NUMBER: 8948
<br />
<br />COMMERCIAL CONSTRUCTION DEED OF TRUST
<br />FUTURE ADY ANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL EST A TE DEED
<br />OF TRUST
<br />
<br />This COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST ("Security Instrument") is made on
<br />January 9, 2008 by Mike Bechtold, Husband, and Kristal Bechtold, wife, whose address is 2512 K Street, Ord,
<br />Nebraska 68862 the grantor(s) ("Grantor"). The trustee is Pathway Bank whose address is 124 S 14th Street
<br />PO Box 327, Ord, Nebraska 68862 , ("Trustee"). The beneficiary is Pathway Bank whose address is 124 S
<br />14th PO Box 327, Ord, Nebraska 68862 ("Lender"), which is organized and existing under the laws of the state
<br />of Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal amount of One
<br />Hundred Thirty Thousand and 00/100 Dollars ($130,000.00) ("Maximum Principal Indebtedness"), and for
<br />other valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to
<br />Trustee, in trust, with power of sale, the following described property located in the County of Hall, State of
<br />Nebraska:
<br />
<br />Address: 819 Sagewood Avenue, Grand Island, Nebraska 68803
<br />Legal Description: Lot One Hundred Seven (107), LARUE Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska
<br />Parcel TD/Sidwell Number: 400433346
<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 (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 />cOilllection 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 />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 />MA TURITY DATE. The Indebtedness, if not paid earlier, shall be due and payable on October 9, 2008.
<br />
<br />FUTURE ADY ANCES. 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 COLLA TERALIZA 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 />CONSTRUCTION LOAN AGREEMENT. This Security Instrument is made in conjunction with a Construction
<br />Loan Agreement dated the same date as this Security Instrument and is subject to all of the provisions of the
<br />
<br /><D 2004-2006 Copyright Compliance Systems, Inc. 340A-C5E3 - 2006. I I. I 82
<br />Icommercial C"!!!.!truction Security Instrument - DIA007
<br />
<br />Initials
<br />
<br />WWw.compliancesystems.com
<br />800-968-8522 :_':E~2'-:J
<br />
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