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<br />
<br />LOAN NUMBER: 0150285024
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on September 12,
<br />2008 by the grantor(s) Gordon O'Neill, Husband, whose address is 64 Kuester Lk, Grand Island, Nebraska
<br />68801 ; and Colleen O'Neill, Wife, whose address is 64 Kuester Lk, Grand Island, Nebraska 68801 ("Grantor").
<br />The trustee is TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501
<br />("Trustce"). The beneficiary is TierOne Bank whose address is PO Box 5018 / 700 N Webb RD, Grand Island,
<br />Nebraska 68802w5018 ("Lcndcr"), which is organized and existing under thc laws of United States of America.
<br />Grantor in consideration of loans cxtendcd by Lender up to a maximum principal amount of Seventy-seven
<br />Thousand Five Hundred and 00/100 Dollars ($77,500.00) ("Maximum Principal Indebtedness"), and for other
<br />valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustcc,
<br />in trust, with power ofsalc, the following dcscribed property located in the County oflIall, State of Nebraska:
<br />
<br />Address: 109 W 20th St and 64 Kuester Lake, Grand Island, Nebraska 68801
<br />Legal Description: Lot Seven (7), in Block Five (5) in Morris Fourth Addition to the City of Grand Island,
<br />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 (El/2SWl/4) 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 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, diteh 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 />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 />INDEB TEDNESS. 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 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 Lender is obligated to make such future 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 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 />o 2004.2007 Copyrigh' Compliance Sy'tem,. Inc_ 68E7-1512 - 2008.02.240
<br />Commercial Rl:al Esunc Scturity In!:>trl.lment - DL4007
<br />
<br />www.complianccsystems.com
<br />8oo"968-M522 - Fax 616-956-1868
<br />
<br />Page I of5
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