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<br />200807305
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<br />LOAN NUMBER: 0150277895
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL EST A TE DEED OF TRUST ("Security Instrument") is made on August 21, 2008 by
<br />the grantor(s) Gordon O'Neill, Husband, whose address is 64 Kuester Lk, Grand Island, Nebraska 68801 ; and
<br />Colleen O'Neill, Wife, whose address is 64 Kuester Lk, Grand Island, Nebraska 68801 ("Grantor"). The trustee
<br />is TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 ("Trustee"). The
<br />beneficiary is TierOne Bank whose address is PO Box 5018 / 700 N Webb RD, Grand Island, Nebraska 68802-
<br />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 Forty-one Thousand and
<br />00/100 Dollars ($41,000.00) ("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 describcd property located in the County of Hall, State of Nebraska:
<br />
<br />Address: 524 E Ashton Ave and 64 Kuester Lake, Grand Island, Nebraska 68801
<br />Legal Description: The East One-Half (E1I2) of Lot Seven (7), Block Six (6), in Koehler Place, an Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />
<br />Lot Nine (9), situated on the East side of the West portion of Kuester Lake, and being on a part of the East
<br />Half of the Southwest Quarter (E1I2SW1I4) in Section Thirteen (13), Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P.M., Hall County, Nebraska, having lake front footage of Eighty (80) feet.
<br />
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hereditaments, equipment, rents, income, profits and royal tics, personal goods of whatever description
<br />and all other rights and privileges including all mincrals, oil, gas, watcr (whether groundwater, subterranean or
<br />otherwisc), 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 cmincnt 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 uscd in connection therewith (hereinafter called the "Property"),
<br />
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agrccmcnts,
<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 advanccs and cvcry 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 we1l as the agreements and covenants of this Security Instrument and a1l 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 ofthe 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 COLLA TERALlZATlON. 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 />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 />I;J 2004-2007 Copyright ComphallCo Systems. ll1e. 68E7-DIJ82 - 2008.02,240
<br />Commerciil.l Real Estate Security Instrument" DL4007
<br />
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