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<br />(S�ace Above'I'his Line Fc>r Recording Dala)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />FU'TURE AUVAIYCF.S AND TUTURE OBLIGA'1'IONS ARE SF.CLJRED SY'I'HIS REAL ESTA'1'E ll�ED
<br />OF 1'itUST
<br />This COMMERCiAI, R�AI. ESTATE DEED OF TRUST ("Security Instrumez�t") is made on November 19,
<br />2010 by the grantor(s) Thomas E. Towne, and Tami S. Towne, Husband and Wife, whose acldress is l fi09
<br />Meadow Road, GRANll ISLAND, Nebraska 6$�$03 ("Grantor"). The trustee is Arend R. Baack, Attoi•ney
<br />whose address is P.O. Box 790, Gr�nd island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal
<br />Savings & I.,oan Association of (�rand Island whose address is 221 South Locast Street, Grand Island,
<br />Nebraska b$$O1 ("Lender"), which is organized and existing under the laws of the United States c>f Atnerica.
<br />Grantor in consideration of loans extended by Lender up to a maximuzn principal amount of Tliree IIundred
<br />Thousand and OU/l0U llollars ($3UO,UUO.OU) ("Maximum Principal Indebtedness"), and for other valuable
<br />consideration, t}ae receipt of which is ackraowledged, irrevocably grants, conveys and assigns to Trustee, in trust,
<br />witla power of sale, the lollowing described properly located in the County of Hall, State of Nebraska:
<br />Address: 1b09 Meadow Raad, GRANll ISI�ANI), Nebraska 68803
<br />Legal Description: Lot Eiglit (8), Block Three (3), Summer�eld Estfltes Fourth Subdivision, in the City nf
<br />Grand Island, Hall Cou��ty, Nebraska.
<br />T'ogether with all easements, appurtenances abutting streets and alleys, improvements, buildings, �xtutes,
<br />tenements, hereditaments, equipment, rents, income, profits and royalties, personal goods of whatever description
<br />and all other ri�hts and privilege5 including all minerals, oil, gas, water (whether groundwater, subterrai�e�n 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 />slorage ri�hts, dams and water stack that may now, or at any time in the future, be located on and/or used in
<br />conz�ection with the above-described real pcoperty, payment awards, amounts received from eminent domain,
<br />amounts received fram any and all insurance payments, and timber which may now or later be located, situaled, or
<br />aftixed on and used in connection tlierewith (hereinafter called che "Property").
<br />RELATED DOCl1MEN'1'S. "l'lie words "Related Documents" mean all promissory noCes, security agreements,
<br />prior m�>rtgages, prior deeds of trust, business loan agreements, construction loan agreemants, resalutic�n�,
<br />guaranties, environmental agreem�ntti, subordination agreemenCs, assignments of leases and rents and any other
<br />documei�ts or agreements executed in connection with this Security Instrutnent whelher now or hereafler existiug.
<br />T'he Related Documents are hereby made a part of this Security Instrument by refecence thereto, with the same
<br />force and effect as if fully set forth herein.
<br />1NDEBTEllNESS. This Security Instrument secures the prirtcipal amount shown above as may be evidenced by a
<br />prornissory note or notes of even, priar or subsequent date hereto, including future advances and every other
<br />i.ndebl�dn�ss of any and every kind now or l�ereafter owing from Grantor and Fireworks '1'�wne, Inc. to T..eader,
<br />howsoever created or arising, wl�ether primary, secondary or contingent, together with any interest or charges
<br />provided in or arising out of such indebtedness, as well as tlie agreements and cavenants of this Security
<br />Instrument and all Related Documents (hereinafter all referred to as the "Indebtedness").
<br />TUTURE ADVANCF.S. "I'ci the extent perrnitted by law, tk�is Security Instrumen� will secure fuh�re 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 tlae note and regardless of whether Lendear is obligat�d to make such future advances.
<br />CROSS COLLAT'ERALI7.AT�ON. lt is the expressed intent of Grantor to crass collateralize all of its
<br />Indebtedness and obligations to Lender, howsoever arising and wl�ensoever incurred.
<br />WAIiRANTIES. Grantor, for itself its heirs, personal representatives, 5uccessors, and assigns, represents,
<br />warranCs, covenants and agrees witli Lender, its successors and assigns, as follows:
<br />Performance of Obligations. Grantor promises to perfonn all terms, conditions, and cc�venants of this
<br />Security Instrument and Rel�ted Uocuments in accordance with the tenns contained therein.
<br />llefense and 'I'itle 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 as5ign the
<br />Property. Grantor covenants �hat the �'roperty is unencumbered and free of all liens, except for encumbranc�s
<br />of record acce�table to Lender. Further, Grantor covenarnts that Granlor will warranf and defend generally
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<br />fi),�.004-201(1 Cpwplinnce Systcros. !nc F947-I rI)5 - 201O.U53(i5
<br />('pminercial Heal Estatc Sccurity Insft�u�nent - bL4007 Page I of 5 www.compliancesystcros.com
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