|
��
<br />�
<br />��
<br />N �
<br />� ��
<br />��
<br />� ��
<br />� �
<br />� ��
<br />c�i� �
<br />-� �■
<br />��
<br />�
<br />��
<br />Perform�uce of Ohligations. (;rantor prox��ises to perform all Cenns, cauditions, and cc�yen�nt5 of thi5
<br />5ecurily Instrument and Related Documents in accord�nce witli the terrus contait�ed tl�e��eiri.
<br />I)et'ense a��d 'l'itle to 1'roperty. At tt�e tirrie of executinn and delivery of this iiistru�i�ent, Grantvr is lawf'ully
<br />seised of the �state hereby conveyed and has the exclusive i�ight to znortgabe; ga•ant, colivey �r�d asaigz� the
<br />Property. Grantor covenants that the Property is unencuTnbered and free of all li�ns, except for encumbrxnces
<br />C.'� 2DD�-2010 f".rnnpliancc Systems. Inc. F947-C I FC' - 2010.053C5 . ...
<br />Commcrcial Rcal Estatc Sccurity Instrumcnt • DL4007 Page I nf 5 ���ww.crnnpli�nccsystcros.cnm
<br />��.
<br />,�
<br />iM+
<br />.
<br />�
<br />�
<br />�
<br />�"�
<br />� 7
<br />c
<br />�nv
<br />�=�n
<br />�`"1 ` � r_�.
<br />_ �..�
<br />�'1 � r �� �
<br />7C � � � C�
<br />� � �
<br />Sty ° `� �
<br />. a � � - �a
<br />Q r*, �
<br />�
<br />�
<br />�
<br />U�
<br />��
<br />(Sp�ec Above This I�inc For Recoriiing Uata)
<br />CUMMERCIAL REAL FST'ATE DEEU C)�' TR[1S'1"
<br />� �
<br />O --i
<br />� n
<br />� --a
<br />� �
<br />��
<br />��
<br />��
<br />� �
<br />�m
<br />r �
<br />t"'" • A
<br />C/7
<br />iC
<br />�
<br />`✓ tir
<br />�
<br />�
<br />This COMMERCIA[, RFAL ESTA'I'E DEED OI' "I'�UST ("Security Intitriunent") is made o�� llecernber 1G, 20I0
<br />by the grantc�r(s) SOUTHFAST CROSSM.N(�S, L.L.('., a Nehraska Limited i,iability Company whose address is
<br />PO IiOX 139, GI�ANll ISLANll, Nebraska 688U2-OOOU ("Grantor"). 'I'he trustae i� Arend R. Iiaack, Att��r��ey
<br />whose address is P.O. [3ux 790, Gr�nd Island, Nehraska 68802 ("Tr�.istec"). 'I'he beneiiciary is Ilo�rie I�ederal
<br />Savings & Loan Assuciatinu vf Graud Isla�ad w}►otie address iti 221 Soutli I.ucast Skreet, C:ra�xd Islsind,
<br />NeUraska (iR8U1 ("Lender"), wliich is organized and existin� under che laws of tl�e Unitcd States of America.
<br />Gra��tar in consideratian of lo�ns extended by Lendcr up to a maximu��� principal amouzit c>1' '1'hree tiundred
<br />Eigl�ty '1'Ixousaud and 00/1UU Uollflrs ($380,000.00) ("Maximum Principal indebted�iess"), and for other valuahle
<br />consideration, the receipt of whicl� is acknowledged, irrevocably gr�nts, conveys ��ad assi�ns to Trustce, in truGt,
<br />with power of sale, the following described �roperty located in the ['o��nty of llall, State of NeUraska:
<br />AcidresG: 1811. West 2nd Street, GItAND ISLANU, Nebraska fi8803
<br />Legat Uescription; I..,ots One (1), Two (2), 'I'In-ee (3), Funr (q), Seven (7) a�ad �ight (8), Rlock I+iftcen (15),
<br />KernohAn ti�td Decker's Additiou nnd all af Lots '1'wc► (2), 'Chree (3), .Fo�u• (4), �ix (fi), Sever� (7), .[±',i�lit (S),
<br />Nine (9) and Te�a (lU), Block "1'wo (2), Cl�arles Wasmer's Addition, all in tl�e City nf Cra��d IslHncl, �lall
<br />County, Nebraska �XCEP'I' a tract mu��e particulnrly described in Warranty lleed recorcled as llocument
<br />No. 20U608446
<br />Together with all easeiiie�lts, appurtenances abutting streets ai�d allcys, improvement�, huilclings, tixtures,
<br />tenements, heredieamentti, equiprnent, rents, ic�corne, profits and r��yalties, personal �oods of wl�atever description
<br />and all other rights �nd privite�es including all miz�erals, oil, gas, water (whether groundwater, subterr�nean or
<br />otherwise), water rightti (whetl�er riparian, appropriate or otl�erwise, �nd whef.her or not appurteta�nt to the �bove-
<br />described real property), wells, well per►nits, ditche5, ditch riglits, re5ervoirG, reservoir rights, resc�voir sites,
<br />storage rights, da�ns and water stock that may now, or at any tinae in tl�e firture, be located on and/or �ised in
<br />connection with the above-described real property, payment aw�rds, amoux�is received froxn eminent doTa�aiii,
<br />aniounts received froin any and all insurance payi��ez�ts, and tirT�bec which rnay nciw or later be located, siti.iated, or
<br />af�xed on and used ii� connection therewith (hereit�after called the "Property").
<br />RF.LA'1'EU DOC[1M�N'I'S. The words "Etelated UocwTie��ts" uiean all proiT�issory nates, sec-u�•ity agreemcnts,
<br />prior mortgagee, prior deeds of frust, bu�iness ]oan agreemenks, con�truction loan �greements, re�olutions,
<br />guaranties, environmezita.l �greements, subordiiiatiori agree►��ezat5, assignmcnts of lea�es and rer�ts �.ind any otl�er
<br />documenta or agreetyients executed in cannection with ttzis Security In�t►lunetat wliell�er now c�r hereal'ter e:xisting.
<br />The Itelated Doci�meiits are l�ereby made a part of lliis Sec�u�ity lnstrument hy refere�ice tl�eretc�, with the sa�a�e
<br />force anii effect as if fully set fi�rth herein.
<br />INDE13'1'�UNF.SS. This Security Instruatzent eecures the ��rir�cipal amount shown ahove as aiiay be cvidenced by a.
<br />pro►nissory nole or note5 of even, prior or subsequent date hereto, including fi►l�.rre advances and eve�y other
<br />indebtedness of any and every kind now or hereafter owir�g froni Grantar to Lender, howsoever created or arisin�,
<br />wh�ther primary, secoradary or cotitingent together witli any interest c�r charges p��ovided in or arising out of sucli
<br />indehtedness, as well as the a�ree►nents azicl covenants of this Security Ii►struir�eiit attd all }telated .Documenls
<br />(hereinafter all referred to as t�ie "Indebtedness").
<br />FU'TURE AllVANCES. 'I'o the extent permitted by law, tl�is Securily Instruinent will secure firture �dv�nces a5 if
<br />suct� advances were made c�n the date of tliis Security InStniment regardless of tlie f�ct that l'rorn time to time there
<br />may be no balaiice due iuider th� nnte and rega.rdless of wl�ether Lender is obligated to make sucl� fut�n e�dv��nces.
<br />CROSS C�LLAT�RALIZATION, tt is tl�e expressed 1fltElll oF Gr�tntor to cro�s collateralize �11 :�f i�s
<br />Indebtednes5 and obligations to Lender, howsoever arising and wl�ensoever iz�an-red.
<br />WAIZRANTIES. Grantor, for itself; its h�irs, persoraal repre�entalives, s�.iccessors, and astii�n�, represents,
<br />wa►'rants, covenants and agrees with Lender, its successors and assigais, as follows:
<br />�
<br />� r�,7
<br />;�
<br />�--►
<br />�
<br />c�
<br />, CU
<br />..�
<br />��
<br />�""�
<br />m
<br />�
<br />�'f1
<br />�
<br />r�
<br />0
<br />�
<br />�
<br />�
<br />�
<br />�a
<br />�
<br />�
<br />�
<br />""'
<br />�
<br />�
<br />�
<br />�
<br />� �
<br />
|