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<br /> LOAN NUMBER: 10424
<br /> COMMERCIAL REAL ESTATE DEED OF TRUST
<br /> This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on September 4, 2009
<br /> by the grantor(s) Walter C Sorensen, Husband, whose address is 401 S Alexandria, Cairo, Nebraska 68824 ;
<br /> and Laura J Sorensen, Wife, whose address is 401 S Alexandria, 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 Thirty-one Thousand and 00/100 Dollars ($31,000.00)
<br /> ("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged,
<br /> irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following described property
<br /> located in the Hall County Register of Deeds of Hall County, State of Nebraska:
<br /> Address: 301 S High St, Cairo, Nebraska 68824
<br /> Legal Description: Lots Seventeen (17) and Eighteen (18), in Block Nine (9), in the Original Town of Cairo,
<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 rlght,'"`da-rls and water stock that may now, or at any time in the future, be located onan 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, wrth the same
<br /> force and, effect"as"i~' fully, set forth herein: 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 March 4, 2010.
<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 /> 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 /> © 2004-2009 Compliance Systems, Inc. 2535-5A74 - 2009,05.328
<br /> Commercial Real Palate Security Instrument - DI4007 pa e I of s w .co- lianas tems.com
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