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<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on June 15, 2010 by
<br />the grantor(s) GIAET, L.L:C., a Nebraska Limited Liability Company, whose address is 704 W 3rd Street,
<br />GRAND ISLAND, Nebraska 68801 ("Grantor"). The trustee is Arend R. 13aack, Attorney. whose address is
<br />P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is IIome Federal Savings & Loan
<br />Association of Grand Island whose address is 221 South Locust Street, Grand Island, Nebraska. 68801
<br />("Lender"), which is organized and existing under the laws of the United. States of America. Grantor in
<br />consideration of loans extended by Lender up to a maximum principal amount of Four Hundred Fifty
<br />Thousand and 00/100 Dollars ($450,000.00) ("Maximum Principal Indebtedness"), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to 'T'rustee, in trust,
<br />with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />Address: 110$ Allen Drive, GRAND ISLANll, Nebraska b8803
<br />Legal Description: Lot Two (2), Meadowlark West Seventh Subdivision, Grand Island,Hal1 County,
<br />Nebraska
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, tixhtres,
<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 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 yr later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Property").
<br />RELATED DOCUMENTS. The wards "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 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 Audrey Albert, 'I"rustee of the
<br />Audrey Albert Revocable Trust to Lender, howsoever created or arising, whether primary, secondary or
<br />contingent, together with any interest or charges provided in or arising out of such indebtedness, as well as the
<br />agreements and covenants of this Security Instrument and all Related Documents (hereinafter all referred to as the
<br />"Indebtedness").
<br />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due and payable on June 15, 2035
<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 />maybe 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, covenant`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 generally
<br />¢~ 2004-2009 Compliance Systems, Inc. FOES-8736 - 2009.12.339
<br />Commercial Real Estate Security Instrument - DL4007 Page 1 of 5
<br />www.crnnpliancesystems. com
<br />Return To: l o ~ j l 131
<br />First Nebraska Title
<br />Attn: Lisa
<br />2425 South 1.20`" Street
<br />Omaha, NE 68144
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