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<br />LOAN NUMBER: 9700
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on October 1,2008 by
<br />the grantor(s) Bosselman Tank and Trailer Inc., a Nebraska Corporation, whose address is P.O. Box 1567,
<br />Grand Island, Nebraska 68802 ("Grantor"). The trustee is Pathway Bank whose address is PO Box 428, Cairo,
<br />Nebraska 68824 ("Trustee"). The beneficiary is Pathway Bank whose address is POBox 428, Cairo, Nebraska
<br />68824 ("Lender"), which is organized and existing under the laws of the state of Nebraska. Grantor in
<br />consideration of loans extended by Lender up to a maximwn principal amount of One Million Five Hundred
<br />Fifty Thousand and 00/100 Dollars ($1,550,000.00) ("Maximwn Principal Indebtedness"), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust,
<br />with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />
<br />Legal Description: Platte Valley Industrial Park Fifth Subdivision, Lot 2, City of Grand Island, Hall
<br />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 pennits, 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 abovewdescribed 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 />docwnents or agreements executed in connection with this Security Instrument whether now or hereafter existing.
<br />The Related Docwnents are hereby made a part of this Security Instrument by reference thereto, with the same
<br />force and effect as iffully 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 Docwnents
<br />(hereinafter all referred to as the "Indebtedness").
<br />
<br />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due and payable on October 1,2018.
<br />
<br />FUTURE ADVANCES. To the extent pennitted 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 />Performance of Obligations. Grantor promises to perfonn all tenns, conditions, and covenants of this
<br />Security Instrument and Related Docwnents in accordance with the tenns contained therein.
<br />
<br />Defense and Title to Property. At the time of execution and delivery of this instrument, Grantor is lawfully
<br />seised of the estate hereby conveyed and has the exclusive right to mortgage, grant, convey and assign the
<br />Property. Grantor covenants that the Property is unencumbered and free of all liens, except for encumbrances
<br />of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally
<br />
<br />C 2004.2007 Copyright Compliance Systems. Inc. 23fA.f3~O - 2007.07.200
<br />rommorcial Real Estate Socority IDSrrumont - OlA007
<br />
<br />Initials
<br />
<br />www.eomplianusystems.com
<br />800-968-8~22. fax 616.956.18681
<br />
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