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<br />C�MMERCIAL REAL ESTATF DEED OF TRUST
<br />FUTUR� ADVANCF,S AND FUT[7RE OBLIGATIONS ARE SECU1t�ll BY T[�IS R�AL. ESTA"I"H; llE�D
<br />OF '1'RUST .
<br />This COMMERCIAL REAL ESTATE DEED OF '1'RUST ("Security Inscrument") is znade on llecember 9, 2Q10
<br />by the grantor(s) 1219, L.L.C., a Nebraska Limited Liability Cc�mpa��y, whose address i� 1203 W 2�ID ST,
<br />GRAND ISLAND, Nebraska b88U1-0000 ("Grar�tor"). The tnistee is Arend R. Baack, Attorney wl�ose addre;ss is
<br />P.O. Sox 790, Grand Island, Nebraska 68802 ("Trustee"). The be�ie�ciary is IIorn� �'ederal S�vin�s & Loan
<br />Association of Grand Island wlaose address is 221 South Locust Street, Grand Island, Nebraska' 68801
<br />("Le�ider"), which is organized and existing under the laws of tlie Ui�ited States of Air�erica. Grantor in
<br />consideratio►t of loans extended by Lender up to a maximum principal amciunt of One Ilundred Sixty-tive
<br />Thousand and 00/l00 Dollars ($]b.5,OD0.0U) ("Maxitnum Principal lndebtedness"), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably grants, canveys and assigns to Tn�stee, in trust,
<br />with power of sale, tl�e following described property located in the County of Hall, State of Nebraska:
<br />Address: 1219 W. 2nd Street, GRAND ISLAND, Nebraska CSSO1
<br />Legal Descriptio�i: See Attached Exhibit A
<br />Together with all ease�nezrts, appurtenances abutting streets and alleys, improvements, buildirtgs, fixtures,
<br />tenements, hereditamEnts, equipmenC, rents, incoxne, profits and royalties, persanal �oods of whatever description
<br />and all okher rights and privileges including all minerals, oil, gas, water (whether grow�dwater, subterranean or
<br />otherwise), water ribhts (whether riparian, appropriate or ot}�erwise, and whether or not appurtenant to the above-
<br />de�cribed real property), wells, well permits, ditches, ditch riglats, reservoirs, reservoir rights, reserv�ir sites,
<br />storage rights, �iazrns and water stock tha�•mav nQ�c, qr at any 1tu�.��;t,he future: be locate.�.qtLa.zidlor used.in..
<br />co�nection with the above-described real property, payment awards, amounts 'receivec�'from e"minent domain,
<br />airiounts received from any and all insurance payments, and timber which may now or later be located, �ituated, or
<br />af�ixed on and used in connection therewith (hereinafter called the "F'roperty").
<br />RELATEll DUCUMENTS. `I'he words "Related Documenls" mean all promissory not�s, security agreements,
<br />prior martgages, prior deeds of trust, busit�ess loan agreeTnents, constructian loan agreezxients, resc>lutions,
<br />guaracities, environmental agreements, subordination agreements, assignments o£ leases and renta and any other
<br />documents or a�reements executed itt connection with thxs Security Instrument whether now or hereafter existing.
<br />'I'he Related Documents are h�reby �nade n part o£ this Security Instrument by reference thereto, wilh the same
<br />f'orce and effect as if fully set forth herein.
<br />INll�BTEDNESS. "I'his Security Instrumet7t secures the principal amount shown above as may be evidenced by a
<br />promissory note c�r notes of even, prior or sub5equent date hereto, including fi�tuce advances and every other
<br />indebtedness of any and every kind nG�w or hereafter owing from Grac�tor to I,ender,,howsoever.created or arising,
<br />whether prinnary, seeondary or contizigent, together with any iriterest or charges }�ravided in or arising.out of such
<br />icidebcedness, as well as the agreements and covenants of this Security Instn�rne��t and all.Related Dc>curneixts
<br />(hereinafter all referred lo as tlie "Tndebtedness"). , .
<br />FU'I'URE AllVANCES. To the exte��t permitted by law, this Security Instrument will secure future advances as if
<br />such advances were m.ade on the date of this Security Instnirnent regardless of the fact that fro�i time lo time tliere
<br />may be no balance due under the note and regardless of whether Lender is obligated to make s�ch i'uture advaz�ces.
<br />CROSS COLLATERAI,I7,AT10N. It is the expressed iTatent of Grantor to cross cc>Ilateralize all of its
<br />Indebtedness and obligations to I,ender, howsoever arising and whensoever incurred.
<br />WARRANTIES. Urantor, for itself, its heirs, personal representatives, successors, and assigns, represenls,
<br />warrants, covenants and a�rees with Lender, its successors and assigns, as follows:
<br />�'erfarmance of Obligations. Grantor promises to �erform all terrtis, c.onditians, and covenaz�ts of this
<br />Secuxity instrument and Related Documents in accnrd�nce witla the terms cozitained therein.
<br />Defense ttnd Title to Property. At the time of execution and delivery of this instrunient; �rantor is lawfully
<br />seised of Che estale hereby conveyed and has tl�e exclusive right to mortgage, grant, convey and assign Che
<br />Property. Grantor covenants that the Property is unencumbered and free of all liens, except for encutttbrances
<br />of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally
<br />the title to t}�e Propecty against any and all claims and detnands wl�atsoever, subject to the easements,
<br />es� 2p(14-2010 Cnmplinnce Systems, Inc F947-EBAC - 2010.05365
<br />Commercia� Real Lstate Sec�rity 6�atrumrnt - DIA!)07 Pagc 1 of 5 � www,complianccsystcros.cnm
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