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<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 9006
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on February 7, 2008
<br />by Vanguard Properties, LLC, a Nebraska Limited Liability Company, whose address is 3811 29th Ave,
<br />Kearney, Nebraska 68845 the grantor(s) ("Grantor"). The trustee is Pathway Bank whose address is PO Box 428,
<br />Cairo, Nebraska 68824 , ("Trustee"). The beneficiary is Pathway Bank whose address is 306 S. High PO
<br />Box 428, Cairo, Nebraska 68824 ("Lender"), which is organized and existing under the laws of the state of
<br />Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal amount of Two
<br />Hundred One Thousand Five Hundred Twenty-eight and 20/100 Dollars ($201,528.20) ("Maximum Principal
<br />Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged, irrevocably grants,
<br />conveys and assigns to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hall, State of Nebraska:
<br />
<br />Address: Lots 2 & 3 in Northview 3rd, Lot 4 in Northview 1st, Blk 1, Grand Island, Nebraska 68801
<br />Legal Description: Lots Two (2) and Three (3) in Northview Third Subdivision; and Four (4), Block One
<br />(1), Northview First Subdivision, in 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 (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 andlor 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 />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 and Jeremy L Nore and Douglas A
<br />Holmes and Dale VanHousen to Lender, howsoever created or arising, whether primary, secondary or contingent,
<br />together with any interest or charges provided in or arising out of such indebtedness, as well as the agreements and
<br />covenants of this Security Instrument and all Related Documents (hereinafter all referred to as the "Indebtedness").
<br />
<br />MA TURlTY DATE. The Indebtedness, ifnot paid earlier, shall be due and payable on February 15,2009.
<br />
<br />FUTURE ADVANCES. To the extent pemlitted 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 t,heLender 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 />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 />(/j 2004-2006 Copynght ('~lmpli~ncc Systems. Inc. 340A.7350 . 2006.11,182
<br />,commerCial Real Estate Secu"'y In."!'um<~' ..PI 4007
<br />
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<br />
<br />www compli",ncesystems.com
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