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<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on April 1, 2010 by
<br />the grantor(s) Housing Development Corporation, a. Nebraska Corporation, whose address is PO Box 1005,
<br />Hastings, Nebraska 68902 ("Grantor"). The trustee is Arend R. Baack, Attorney whose address is P.O. Box 790,
<br />Grand Island, Nebraska 68$02 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of
<br />Grand Island whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"), which is
<br />organized and existing under the laws of the United States of .America. Grantor in consideratian of loans extended
<br />by Lender up to a maximum principal amount of Ninety-four Thousand Eighty and 95/100 Dollars ($94,080.95)
<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 County of Hall, State of Nebraska:
<br />Address: 2112 N Sherman, GRAND ISLAND, Nebraska 68801
<br />Legal Description: Lot Eleven (11), Block Fourteen (14), 1lniversity Place, an Addition to the City of
<br />Crand Island, Hall County, Nebraska.
<br />°Ioogether 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 rights, dams and water stack 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, situaCed, or
<br />atlixed 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, with the same
<br />force and effect as if fully sat 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 o£ 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 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 np balance due under the note and regardless of whether .Lender is obligated to make such future advances.
<br />CROSS COLLA'I'ERALI7ATIO.N. 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, covenanti<s 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 />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 geraerally
<br />the title to the Property against any and all claims and dernands whatsoever, subject to the easements,
<br />restrictions, or other encumbrances of record acceptable to Lender, as may be listed. in the schedule of
<br />~.,
<br />2004-2009 Compliance Systems, Inc. FCEB-289E - 2009,12.339
<br />Cnmmercipl Reel Estate Security Instmmrnt - PIA007 Pxgc I of 5 wanv.complianee5yslems.com
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