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<br />LOAN NUMBER: l b3b7100
<br />COMMERCIAL REAL ESTATE DEED OF TRUST ~
<br />FUTURE ADVANCES AND FUTURE OBLIGA'T'IONS ARE SECURED BY THIS REAL ESTATE llEED ~ ~ V
<br />OF TRUST -•-~°~
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on August 21, 2009 by
<br />the grantor(s) Rex E. Carpenter, and Jonadyne A. Carpenter, Husband and Wife, whose address is 1811
<br />Stolley Park Circle, Grand Island, Nebraska 68803 ("Grantor"). 'T'he trustee is Areud R. Baack, Attorney
<br />whose address is P.Q. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is H. orne Federal
<br />Savings & Loan Association of Grand Island whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68$01 ("Lender"), which is organized and existing under the laws of United States of America. Grantor
<br />in consideration of loans extended by Lender up to a maximum principal amount of Six Ilundred Eighty-one
<br />Thousand and 00/100 Dollars ($681,000.00) ("Maximum Principal Indebtedness"), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust.,
<br />with power of sale, the following described property located in the County of Hall, State of Nebraska;
<br />Address: M3b South Locust, Grand Island, Nebraska 68801
<br />Legal Description: LOTS ONE (1) AND TWO (2), WOODLAND FIRST SUBDIVISION, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA EXCEPTING A CER'T'AIN TRACT
<br />DEEDED TO TH.E CITY OF GRAND ISLAND, NEBRASKA MORE PARTICULARLY DESCRIBIsll 1N
<br />DEED RECORDED AS DOCUMENT NO 200010618
<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 (whethler 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, prier 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 and Jonadyne A. Carpeuter to Lender,
<br />howsoever created or arising, whether primary, secondary or contingent, together with any interest or charges
<br />provided in or arising out of such indebtedness, as well as the agreements and covenants of this Security
<br />Instrument and all Related Documents (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 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 />4> 2004-2009 Compliance Systems, Inc. U7A4-2n06 - 2009.OA.57
<br />Commercial Real Estate Security Instrument - UL411D7 Pagc I of 5 www.cnmplianccsystems.com
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