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<br />(Space Above'I'his Line For Recording Dala)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />FUTURE ADVANCES AND FU"PURE OBLIGATIONS ARE SECURED BY 7"HIS REAL ES'I'A'1'E DEED
<br />OF TRUST'
<br />This COMMERCIAL REAL ES`l.'ATE DEED OF 'TRUST ("Security Instrument") is made on September 3, 2010
<br />by die grantor(s) 2.S35B Limited Liability Company, a. Nebraska Limited Liability Company, whose address is
<br />2535 N Carleton Ave Suite B, GRAND ISLAND, Nebraska 68803 ("Grantor"). The trustee is Arend R. Baack,
<br />Attorney whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneEciary is Hume
<br />Federal Savings & Loan Association of Grand Island whose address is 22l 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 Six Ilundred Fifty
<br />Thousand and 00/100 Dollars ($650,000.00) ("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: 2535 N Carleton Ave Suite B, GRAND ISLAND, Nebraska 68803
<br />Legal Description: Suite B of 2838 N Carleton Avenue Condominium Regime in the City of Grand Island,
<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 tninerals, 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 riglrts, 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 co>mection 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 />`l'he Related Documents are hereby made a part of this Security Instrument by rei'erence thereto, witl> the same
<br />force and effect as if fully set forth herein.
<br />INDEB'I"El)NESS. This Security Instrument secures die principal amount shovv~~ 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 SCHROEDER & SCIIREINER,
<br />P. C. to Lender, howsoever created or arising, whether primary, secondary or contingent, together with any interest
<br />or charges 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, dais Security Instrument will secure firture 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 Fender is obligated to make such firture advances.
<br />CROSS COLLATERALIZATION. It is the expressed intent of Grantor to cross, collateralize all of its
<br />Indebtedness and obligations to Fender, howsoever arising and. whensoever incurred.
<br />WARRANTIES. Grantor, for itself, its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees with Lander, 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 assigza 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 />(~92UU4-2010 Crnnpli:mce Systems, InC. F947-0006 - 2010.08.368
<br />Commercial Real Estate Security Instrument - UL4DU7 Page f ot5 www.cnmplianccsystcros.cem
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