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<br />
<br />LOAN NUMBER: 9464
<br />COMMERCIAL REA~ ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on June 20,2008 by
<br />the grantor(s) Michael A Panowicz, Husband, whose address is 10288 W Whitecloud Rd, Cairo, Nebraska
<br />68824 ; and Patricia M Panowicz, Wife, whose address is 10288 W Whitecloud Rd, Cairo, Nebraska 68824
<br />("Grantor"). The trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ("Trustee"). The
<br />beneficiary is Pathway Bank whose address is POBox 428, Cairo, Nebraska 68824 ("Lender"), which is
<br />organized and existing under the laws of the state of Nebraska. Grantor in consideration of loans extended by
<br />Lender up to a maximwn principal amount of Two Hundred Sixty-three Thousand Six Hundred Fifty-eight
<br />and 75/100 Dollars ($263,658.75) ("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 land and property described below:
<br />
<br />Legal Description: The North Half of the Northwest Quarter (Nl/2 NWl/4) and the North Half of the
<br />Southwest Quarter of the Northwest Quarter (Nl/2SWl/4NWl/4) of Section Seventccn (17) , in Township
<br />Twelve (12) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska, EXCEPT those tracts of
<br />land describcd in Survivorship Warranty Deeds recorded as Document #78-002889 and Document #79~
<br />006574 in the Register of Deeds Office, Hall County, Nebraska, containing 94 acres, more or less, and
<br />EXCEPT Lot 1, Rauert Second Subdivision, 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 mim:rals, 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 ca\1ed the "Property").
<br />
<br />RELATED DOCUMENTS. The words "Related Documents" mean a\1 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 ofcagreements.executed in connection with this Security Instrument whether now or heI"eafter:'exi~tiT\.g~
<br />The Related Documents are hereby made 'a part of this Security Instrument by reference thereto, with the same
<br />force and effect as iffu\1y 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 we\1 as the agreements and covenants of this Security Instrument and all Related Documents
<br />(hereinafter all referred to as the "Indebtedness").
<br />
<br />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due and payable on June 20, 2018.
<br />
<br />FUTURE ADVANCES. To the extent pemitted 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 Lender is obligated to make such future advances.
<br />
<br />CROSS COLLATERALIZATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to 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 />(:> 2004-2ooicoPYdght Compli.'nce System,. Inc. 23FA'OS4S'. 2007.07::\00
<br />[,merc,., R.ca' Est.te SeCUtll" Ins"ument . DL4007
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