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<br />200808701
<br />
<br />(Space Above This Lifle For Recording Data)
<br />
<br />tOANNOMBER: 0150285091
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Sccurity Instrument") is made on September 16,
<br />2008 by the grantor(s) Tommy L Ummel Jr, Husband, whose address is 1475 S Gunbarrel Rd, Grand Island,
<br />Nebraska 68801 ; and Cary K Ummel, Wife, whose address is 1475 S Gunbarrel Rd, Grand Island, Nebraska
<br />68801 ("Grantor"). The trustee is TierOne Bank whose address is 1235 'N' St I P.O. Box 83009, Lincoln,
<br />Nebraska 68501 ("Trustee"). The beneficiary is TierOne Bank whose address is PO Box 5018 /700 N Webb RD,
<br />Grand Island, Nebraska 68802-5018 ("Lender"), which is organized and existing under the laws of United States
<br />of America, Grantor in consideration of loans extended by Lender up to a maximum principal amount of Forty-
<br />four Thousand and 00/100 Dollars ($44,000.00) ("Maximum 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 />Address: 248 SPine St, Grand Island, Nebraska 68801
<br />Legal Description: Lot Two (2), Hann's Fifth Subdivision, In the City of Grand Island, Hall County,
<br />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 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 />amountneceived 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. Thc 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 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 />W ARRANTlES. 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. GfbhWr promises' 'to perform aU terins,cOnditions,-.andcovenants of this
<br />Security Instrument and Related Documents in accordance with the terms contained therein.
<br />
<br />Defense and Title to Property. At the time of execution and delivery ofthis 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 />ofrecord acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally
<br />the title to the Property against any and all claims and demands whatsoever, subject to the easements,
<br />
<br />III 2004.2007 Copyright Compli.nee Syslems, I"". 6RE7-C8oo - 2008.02.240
<br />Commercial Real Estate Security Inslrumt:nl - DL4007
<br />
<br />www.compliancesystems.com
<br />800.968.8522. F.x 616-956-1868
<br />
<br />Page I 0(5
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