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<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made an November 1, 2010
<br />by the grantor(s) Dawn M Peard, a single person, whose address is 1710 Columbia Circle, Grand Island,
<br />Nebraska 68$Ql ("Grantor"). The trustee is Pathway Bank whose address is PO Box 428, Cairo, Nebraska 6$824
<br />("Trustee"). The beneficiary is Pathway Bank whose address is 306 S High St, P O Box 428, Cairo, Nebraska
<br />68824 ("Lender"), which is organized and existing under the laws of tha State of Nebraska. Grantor in
<br />consideration of loans extended by Lender up to a maximum principal amount of Eight Hundred Thirty
<br />Thousand Eight Hundred and 00/l00 Dollars ($83Q,$00.00) ("Maximum Principal Indebtedness"), and far other
<br />valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to TrusCee,
<br />in trust, with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />Legal Description: See Exhibit A
<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 what�ver description
<br />and all other rights and privileges including all minerals, oil, gas, water (whether groundwater, subterranean or
<br />ocherwise), water rights (whether riparian, apprapriate or otherwise, and whether or not appurtenant ta 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 />cannection with the above-described real property, payment awards, amounts received from eminent domain,
<br />amounts received from any and all insurance paytnents, and timber which may now or later be located, situated, or
<br />affixed on and used in cannectian therewith (hereinafter called the "Property").
<br />RELATED DQCUMENTS. 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 naw 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 Securiry 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 naw or hereafter owing from Grantor to Lender, howsoever created or arising,
<br />whether prirnary, 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 />MATURITY DATE. 'The Indebtedness, if not paid earlier, shall be due and payable on November 1, 2015.
<br />FUTURE ADVANC�S. To the extent pertnitted 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 tha fact that from time to time th�re
<br />may be no balance due under the note and regardless of whether Lender is obligated to make such future advances.
<br />CROSS COLLAT�RALIZATION. Tt is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to Lender, howsaever arising and whensoever incurred.
<br />WARRANTIES. Grantor, for itself, its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees with I,ender, its successors and assigns, as follows:
<br />Performance ot 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 executian 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 far encumbrances
<br />of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally
<br />the title to the Property against any and all claims and demands whatsoever, subject to the easements,
<br />restrictions, or other encurnbrances of record acceptable to I.,ender, as may be listed in the schedule of
<br />m 200A•2010 Complianca Systems, lnc. F947-39C3 - 2010.05365
<br />Commercial Real Estare Sec�ritv instrument - DLA007 Pa¢e 1 of 5
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