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<br />200903135
<br />
<br />COMMERCIAL REAL EST A TE DEED OF TRUST
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br />OF TRUST
<br />
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on April 22, 2009 by
<br />the grantor(s) Ann M. Beclunann, whose address is 6025 Gunbarrel Road, Grand Island, Nebraska 68801 ; and
<br />Jamie J. Beckmann, as wife and husband, whose address is 6025 Gunbarrel Road, Grand Island, Nebraska
<br />68801 ("Grantor"). The trustee is Union Bank and Trust Company whose address is PO Box 5166, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Union Bank & Trust Company whose address is 2008
<br />North Webb Road, Grandi Island, Nebraska 68803 ("Lender"), which is organized and existing under the laws of
<br />the state of Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal amount of
<br />Ninety~five Thousand and 00/100 Dollars ($95,000.00) ("Maximum Principal Indebtedness"), and for other
<br />valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee,
<br />in trust, with power of sale., the following described property located in the Register of Deeds of Hall County,
<br />NE, State of Nebraska:
<br />
<br />Legal Description: The West Half of the Northwest Quarter (Wl/2NWl/4) and the Northeast Quarter of
<br />the Northwest Quarter (NEl/4NW1/4) of Section Twenty (20), Township Nine (9) North, Range Nine (9)
<br />West of the 6th P.M., Hall County, Nebraska, excepting certain tracts more particularly described in Book
<br />17, Page 439 and in Document No. 82-004206.
<br />Property Size: 123 acres.
<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 />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 />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 ~~~gtro91 Grantor to Lender, howseevercreated-or1ltis1ng,
<br />whether primary,:recondary or comtftgenf,Ufogether 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"). INCREASED MAXIMUM PRINCIPAL
<br />INDEBTEDNESS: Grantor hereby acknowledges that the principal amount shown above will
<br />automatically be increased by any future advances or other indebtedness of the Grantor to the Lender.
<br />Notwithstanding the foregoing, the pa~ag~ that the total amount which is secured by this Security
<br />Instrument shall not exceed $190,000.00 ~ (initials)
<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 />WARRANTIES. Grantor, for itself, its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agret~S 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 />Defense and Title to Property. At the time of execution and delivery of this instrument, Grantor is lawfully
<br />seised of the estate hen~by 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 />the title to the Property against any and all claims and demands whatsoever, subject to the easements,
<br />restrictions, or other encumbrances of record acceptable to Lender, as may be listed in the schedule of
<br />exceptions to coverage in any abstract of title or title insurance policy insuring Lender's interest in the
<br />Property.
<br />
<br />J'
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<br />02004-2007 COPYl'ighl Compliance Systems, Inc. 68E7-E934. 2008.02.240
<br />Commercial Real Estate Security Instrument - DIAOO7
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<br />www.compliancesystems.com
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