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<br />LOAN NUMBER; O1S0293S6Q
<br />(Space Abnvc This Line Por Recording Data)
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<br />COMMERCIAL REAL ESTATE DEED OF "I'1tUST
<br />This COMMERCIAL REAL ESTATE DEED QF TRUST ("Security Instrument") is made on June 12, 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 Bank whose address is 1235 'N' St / P.O. Box
<br />83009, Lincoln, Nebraska 68501 ("Trustee"). The beneficiary is TierOne Bank whose address is PO Box 5018 /
<br />700 N Webb RI), 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 Seventy-five Thousand Five Hundred and 00/100 Dollars ($75,500.00) ("Maximum
<br />Principal Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged, irrevocably
<br />grants, conveys and assigns to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hall, State of Nebraska:
<br />Address: 409 W 11th St, Grand Island, Nebraska 68801
<br />Legal Description: Lot Two (2), Block Twenty Four (24) Russel Wheeler's Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hercditaments, 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 />dcscribcd 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 pa}~nents, and timber which may now or later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Property").
<br />RELA"1"ED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agrccmcnts,
<br />prior mortgages, prior deeds of trust, business loan agreements, construction loan agreements, resolutions,
<br />guaranties, environmental agrccmcnts, subordination agreements, assignments of leases and rents and any other
<br />documents or agrccmcnts executed in connection with this Security InstrumenC whether now or hereafter existing.
<br />The Rclatcd Documents arc hcrcby made a part of this Security Instrument by reference thereto, with the same
<br />force and effect as if fully set forth herein.
<br />INDEB7"EDNESS. Thrs Security Instrument secures the principal amount shown above as maybe 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 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 />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 itselt; its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees with bender, 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 Rclatcd 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 hcrcby 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 />~> 2U04~~2008 Copyright Compliance Systems, Inc. G3C7-297A - 2W8.12282 www.compliuncesyslems.cnm
<br />Commercial Rcal Estate Security Instrument ~ UL4007 Page I of 5 8W-968-8522 -Fax 61(.956-18(8
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