<br />~~ ~~
<br />~~~
<br /> ~~ ~ ~
<br />~ ~~~
<br /> `
<br />ru ~~
<br />= ~7 x ~ C
<br />~
<br />~
<br />~~ ~
<br />.
<br />~i~~
<br />~ ~ ~ ~ ~~
<br />~
<br />~
<br />w ~
<br />~^ u ~.
<br />~
<br />~~ ~
<br />~~ ~I
<br /> ~.
<br /> o'
<br />
<br />
<br />t
<br />n
<br />rn
<br />7r
<br />~n
<br />Z
<br />~v
<br />n
<br />n =
<br />O
<br />d
<br />~~
<br />F~
<br />~.
<br />ry
<br />rr,
<br />r*t
<br />N
<br />,_:_. c7 cn
<br />o ~.,
<br />..~ c ~
<br />~ ~ ~
<br />w
<br />r---
<br />c.~a
<br />co
<br />(Space Above This Line For Recording Bata)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />~~
<br />~~
<br />~ rrt
<br />~ czy
<br />r ~
<br />r- n
<br />n
<br />
<br />cam...
<br />co
<br />•.
<br />~.
<br />~.
<br />c~
<br />c,~
<br />This COMMEltC1AL REAL ESTA'1'L DEED UI~' '1'RUS'1' ("Security htstrurnenC') is made on January 27, 2010
<br />by the grantor(s) J & B RENTALS, L.L.C., a Nebraska Limited Liability Company, whose address is 1611 ST
<br />PAUIa ROAD, GRAND ISLAND, Nebraska 68801-0000 ("Grantor"). The trustee is Arend R. Baack, Attorney
<br />whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand island whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"), which is organized and existing under t}te laws of the United States of Artterica.
<br />Grantor in consideration of loans extended by bender up to a maximum principal amount of Fifty-five
<br />Thousand and 00/100 Dollars ($55,000.00) ("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: 120 W 9th Street, GRAND IST.,AND, Nebraska 68801
<br />Legal Description: Lot Six (6) and the Westerly Twelve and Eight 'T'enths (W 12.8) feet of T.ot Seven (7), in
<br />Block Fourteen (14), in Russel Wheeler's Addition to the City of Grand Island, Hall County, Nebraska.
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hereditamettts, 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 />This is a PURCHASE MONEY DEI±,D OF TRUS'T'.
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agreements, constriction loan agreements, resolutions,
<br />guaranties, environmental agreements, subordination agreements, assignments of leases and rents and any nt}ter
<br />documents or agreements executed in corntection 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 anal 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 itt 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. 'I'o the extent pertttitted 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 />maybe no balance due under the note and regardless of whether Lender is obligated to make such future advances.
<br />CROSS COLLATERALIZA'1'ION. 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 />llefense 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 />m
<br />m
<br />v
<br />m
<br />z
<br />~~.
<br />~~
<br />ei? 2004-2(IU) Compliance Systems, Inc. PLEB-A556: - 20(19, 12,339
<br />C.nnunereial Refll Estate Security Instnunent - DL40U7 PaP.e I of 5 www.[omplixncrsystc+ns.com
<br />
|