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<br />200803498
<br />
<br />,~"- ,D: 1..\ 000 3. ~\ '5~-
<br />LOAN NUMBER: 0150277173
<br />
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />(Space Above This Line For Recording Data)
<br />
<br />J5.5D
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on March 10,2008 by
<br />Scott C Lane, Husband, whose address is 805 East Sunset, Grand Island, Nebraska 68801 ; and Cindra K
<br />Lane, Wife, whose address is 805 East Sunset, Grand Island, Nebraska 6880] the grantor(s) ("Grantor"). The
<br />trustee is TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 , ("Trustee").
<br />The beneficiary is TierOne Bank whose address is PO Box 5018/ 700 N Webb RD, Grand Island, Nebraska
<br />68802-5018 ("Lender"), which is organized and existing under the laws of United States of America. Grantor in
<br />consideration of loans extended by Lender up to a maximum principal amount of Seventy Thousand and
<br />00/100 Dollars ($70,000.00) ("Maximum Principal Indebtedness"), and for other valuable consideration, the
<br />receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale,
<br />the following described property located in the County of Hall, State of Nebraska:
<br />
<br />Address: 1014 S Plum and 616 E Sunset, Grand Island, Nebraska 68801
<br />Legal Description: All that certain parcel of land situate in the County of Hall, State of Nebraska, being
<br />known and designated as Lot Three (3), except the northerly 23 feet thereof, Block 12, Claussen Country
<br />View Addition to the City of Grand Island, Hall County, Nebraska.
<br />
<br />The~st . ourteen (l~et of Lot~ T), in Bloc~kt (8), and~act of I~d orty~(42) e in
<br />width joining and b g the full I of Lot Tw ), in Block . ht (8), merly .ng a p of
<br />Euge eet all be. g I Clausse Cou ty View ddl .on to th City f G nd sla, II oun
<br />Neb ska.
<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 />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 />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 />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 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, represents,
<br />warrants, covenants and agrees with Lender, its successors and assigns, as follows:
<br />
<br />iO 2004-2006 Copyright Compli.",,< Systems, [rr. 340A.68IE - 2006.11.182
<br />CommerciaJ Real Estate Sr:cutity Il'1Strumerrt ~ DL4007
<br />
<br />P.~e lofS
<br />
<br />www.cPl11pliancesysterns.com
<br />800.%8.8522. Fax 61{~9S6-1868
<br />
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