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<br />LOAN NUMI3F,R: 01 80288917
<br />(Space Above This Line For Recording Data)
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<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMhRCTAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on May 29, 2009 by
<br />the grantor(s) Housing Development Corporation, a Nebraska Corporation, whose address is 301 S Burlington,
<br />Hastings, Nebraska 68901 ("Grantor"). The trustee is TierOne Sank whose address is 1235 'N' St / A.O. Box
<br />83009, Lincoln, Nebraska 68501 ("Trustee"). The bcncticiary is TierOne Bank whose address is PO Box 5018 /
<br />700 N Webb RD, Grand Island, Nebraska 68802-5018 ("Lender"), which is organized and existing under the
<br />laws of United States of America. Grantor in consideration of loans extended by Lender up to a maximum
<br />principal amount of One Hundred Thousand Three Hundred Twelve and 73/100 Dollars ($100,31.2.73)
<br />("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of whichts acknowledged,
<br />irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following described property
<br />located in the County of Hall, State of Nebraska:
<br />Address: 112 W 20th St, Grand Island, Nebraska 68803
<br />Legal Description: I~ot Twenty Five (25), Block One (l), Knickrehm Addition to the City of Grand Island,
<br />Hall County, Nebraska
<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, subordrnatron agreements, assignments of leases and rents and any other
<br />documents or agreetents executed in connection with this Security Instrument whether now or hereafter existing.
<br />The Related C)vcuments are hereby made a part of this Security Instrument by reference thereto, with the same
<br />force and effect as i f 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 />FUTURE ADVANCES. To the extent permitted bylaw, 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 regardless 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 />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 />the title to the Property against any and all claims and demands whatsoever, subject to the easements,
<br />6J 2(k)A-2(K)k Copyright Complinncc Systcmc, Ine. 6707-OFfi9 - 200k.12.2k2 www,complianecsystems~cam
<br />Comnxrciul Renl Eztate Security In6lrurnent - DLA007 Puge I of5 k00-96k-kS22 - Fxz 616-956-Ik6k
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