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200905123
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on June 22, 2009 by
<br />the grantor(s) Leonard J Rainforth, Husband, whose address is 7387 W Rosedale Rd, Uoniphan, Nebraska
<br />68832 ;and Diana L Rainforth, Wife, whose address is 7387 W Rosedale Rd, Doniphan, Nebraska 68832
<br />("Grantor"). The trustee is 1'ierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska.
<br />68501 ("Trustee"), The beneticiary is TierUne Bank whose address is 700 N Burlington Ave, Hastings,
<br />Nebraska 68901-5131 ("Lender"), which is organized and existing under the laws of iJnited States of America.
<br />Grantor in consideration of loans extended by Lender up to a maximum principal amount of Sixty eight
<br />Thousand Five Hundred Twenty-eight and 00/100 Dollars ($68,528.00) ("Maximum Principal Indebtedness"),
<br />and for other valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and
<br />assigns to Trustee, in trust, with power of sale, the following described property located in the County of Ilan,
<br />State of Nebraska:
<br />Legal Description: The South Half of the Southwest Quarter (S1/2 SW1/4) of the Northwest Quarter of the
<br />Northwest Quarter (NW1/4 NW1/4) and the North Half of the Northwest Quarter (N1/2 NW1/4) of the
<br />Southwest Quarter of the Northwest Quarter (SWl/4 NWI/4) of Section 24, Township 9 North, Range 11
<br />West of the 6th P,M., Hall County, Nebraska, containing approximately 10 acres.
<br />Together with all casements, 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, ail, gas, water (whether groundwater, subterranean or
<br />otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not appurtenant to the above-
<br />dcscribed 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 nr later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Froperty").
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agrccments, construction loan agreements, resolutions,
<br />guaranties, environmental agreements, subordination agreements, assignments of (cases and rents and any other
<br />documents or agrccments 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, howsocvcr 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 />may be no balance due under the note and regardless of whether Lender is obligated to make such future advances.
<br />CROSS COLLATERALtL'ATION. It is the expressed intent of Grantor to cross collatcralizc all of its
<br />Tndebtedness and oblrgaiions to Lender, howsocvcr 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 1n 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 casements,
<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 />Condition of Property. Grantor promises at all times to preserve and to maintain the Property and every
<br />part thereof in good repair, working order, and condition and will from time to time, make all needful and
<br />proper repairs so that the value of the Property shall not in any way be impaired.
<br />Removal of any Part of the Property. Grantor promises not to remove any part of the Property from its
<br />present location, except far replacement, maintenance and relocation in the ordinary course of business.
<br />Alterations to the Property. Grantor promises to abstain from the commission of any waste on the
<br />Property. Further, Grantor shall make no material alterations, additions or improvements of any type
<br />whatever to the Property, regardless of whether such alterations, additions or improvements would increase
<br />~ 2UU4.2W6 Copyright Compliance Systems. Inc. ClC7-d4C'9 - 2UU8,12.282 www.compliancesysrems~com
<br />Comnwrcixl Ncal Fst++rc Scuurity Insrrummu - ~L4UU7 Page 2 uf6 BUD-968-6522 ~ Fxx GIG-v56-I R68
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