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<br /> COMMERCIAL REAL ESTATE DEED OF TRUST
<br /> FUTURE. ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br /> OF TRUST
<br /> This COMMERCIAL REAL, ES'T'ATE DEED OF TRUST ("Security Instrument") is made on July 19, 2010 by
<br /> the grantor(s) Rex E. Carpenter, and Jonadyne A. Carpenter, Husband and Wife, whose address is 1811
<br /> Stotley Park Circle, Grand Island, Nebraska 68803 ("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 the laws of the United States of America.
<br /> Grantor in consideration of loans extended by Lender up to a maximum principal amount. of Eight Hundred
<br /> Fifty-five Thousand and 00/100 Dollars ($855,000.00) ("Maximum Principal Indebtedness"), and for other
<br /> valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee,
<br /> in trust, with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br /> Address: 3036 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 CERTAIN TRACT
<br /> DEEDED TO THE CITY OF GRAND ISLAND, NEBRASKA MORE PARTICULARLY DESCRIBED IN
<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 (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 /> 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 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. Carpenter 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 /> 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 /> ® 2004.2010 Compliance Systems, Inc. F947-F04C - 2010.05.365
<br /> Commercial Real Estate Smwity lostrumem - IA4007 Page I of 5 www.complianccsystems.com
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