|
(Space Above This Line For Recording Data)
<br />LOAN NUMBER: 10190..
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on May 12, 2009 by
<br />the grantor(s) Louis Myers, Husband, whose address is 12762 W White Cloud Rd., Cairo, Nebraska 68824 ;
<br />and Rhonda Myers, Wife, whose address is 12762 W White Cloud Rd., Cairo, Nebraska 68824 ( "Grantor "). The
<br />trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ( "Trustee "). The beneficiary is
<br />Pathway Bank whose address is 306 S High St, P O Box 428, Cairo, Nebraska 68824 ( "Lender "), which is
<br />organized and existing under the laws of the State of Nebraska. Grantor in consideration of loans extended by
<br />Lender up to a maximum principal amount of Three Hundred Seventy Thousand and 00 /100 Dollars
<br />($370,000.00) ( "Maximum Principal Indebtedness "), and for other valuable consideration, the receipt of which is
<br />acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following
<br />described property located in the COUNTY of HALL, State of Nebraska:
<br />Legal Description: The Northeast Quarter (NE `/4) of Section 20, Township 12 North, Range 12, West of
<br />the 6th P.M., Hall County Nebraska, Except a tract previously conveyed by Joint Tenancy Warranty Deed
<br />dated April 3, 1984;*Ad the North Half of the Southeast Quarter (N1 /2 SEI /4)
<br />in Section 20, Township 12 North Range 12 West of the 6th P.M., Hall County Nebraska
<br />* *recorded as doi7Lu nt 94 -001746
<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 />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 />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 />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due and payable on May 12, 2014.
<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 />_maybe no balance due under the note and re -gardless of whether Lender is obligated to make such future advances.
<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 />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 />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 />C 2004.2008 Copyright Compliance Systems, Inc. 63C7.7363 - 2008.12.282
<br />r i.1 Real Fstate Recuriw Instrument - D1,4007 Page I of 5
<br />w w eompliancesysterns.corn
<br />*R.X522 - Fax 616.956 -1868
<br />V
<br />310. �°
<br />M
<br />m
<br />o
<br />Z
<br />�
<br />Z
<br />fr)
<br />m
<br />to Zc
<br />rn
<br />n
<br />(+ty
<br />r\3
<br />C > -n
<br />�"
<br />CZ)
<br />a
<br />C/)
<br />-F �X 16
<br />_
<br />°
<br />C)
<br />r7 i
<br />co
<br />Z
<br />CIO
<br />r„
<br />A co
<br />C0
<br />oo —
<br />L
<br />Q
<br />c„
<br />W
<br />A
<br />Co
<br />M
<br />F--'
<br />r a
<br />to
<br />Z
<br />(Space Above This Line For Recording Data)
<br />LOAN NUMBER: 10190..
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on May 12, 2009 by
<br />the grantor(s) Louis Myers, Husband, whose address is 12762 W White Cloud Rd., Cairo, Nebraska 68824 ;
<br />and Rhonda Myers, Wife, whose address is 12762 W White Cloud Rd., Cairo, Nebraska 68824 ( "Grantor "). The
<br />trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ( "Trustee "). The beneficiary is
<br />Pathway Bank whose address is 306 S High St, P O Box 428, Cairo, Nebraska 68824 ( "Lender "), which is
<br />organized and existing under the laws of the State of Nebraska. Grantor in consideration of loans extended by
<br />Lender up to a maximum principal amount of Three Hundred Seventy Thousand and 00 /100 Dollars
<br />($370,000.00) ( "Maximum Principal Indebtedness "), and for other valuable consideration, the receipt of which is
<br />acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following
<br />described property located in the COUNTY of HALL, State of Nebraska:
<br />Legal Description: The Northeast Quarter (NE `/4) of Section 20, Township 12 North, Range 12, West of
<br />the 6th P.M., Hall County Nebraska, Except a tract previously conveyed by Joint Tenancy Warranty Deed
<br />dated April 3, 1984;*Ad the North Half of the Southeast Quarter (N1 /2 SEI /4)
<br />in Section 20, Township 12 North Range 12 West of the 6th P.M., Hall County Nebraska
<br />* *recorded as doi7Lu nt 94 -001746
<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 />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 />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 />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due and payable on May 12, 2014.
<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 />_maybe no balance due under the note and re -gardless of whether Lender is obligated to make such future advances.
<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 />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 />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 />C 2004.2008 Copyright Compliance Systems, Inc. 63C7.7363 - 2008.12.282
<br />r i.1 Real Fstate Recuriw Instrument - D1,4007 Page I of 5
<br />w w eompliancesysterns.corn
<br />*R.X522 - Fax 616.956 -1868
<br />V
<br />310. �°
<br />
|