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<br />(Space Above This Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED o�
<br />OF TRUST �(p
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on January 20, 2011
<br />by the grantor(s) Kayl Enterprises, LLC, a Nebraska Limited Liability Company, whose address is 2820 E
<br />Hwy 34, Grand Island, Nebraska 68801 ("Grantor"). The trustee is Pathway Bank whose address is PO Box 428,
<br />Cairo, Nebraska 68824 ("Trustee"). The beneficiary is Pathway Bank whose address is 306 S High St, P O
<br />Box 428, Cairo, Nebraska 68824 ("Lender"), which is organized and existing under the laws of the State of
<br />Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal amount of Five
<br />Hundred Thousand and 00/100 Dollars ($500,000.00) ("Maximum Principal Indebtedness"), and for other
<br />valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee,
<br />in trust, with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />Legal Description: Parcel one: Lot One (1), Varah Subdivision, Hall County, Nebraska
<br />Parcel 1�vo: Part of the Southwest Quarter of the Southeast Quarter (SWl/4SE1/4) of Section Twenty-six
<br />(26), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska, more
<br />particularly described as follows: Commencing at the Southwest corner of the Southeast Quarter of
<br />Section Twenty-Six (26), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., running thence
<br />North 18 rods thence east 18 rods thence south 18 rods thence west to place of beginning, Excepting a tract
<br />of land more particularly described in Return of Appraisers recorded as Document No. 81-000700.
<br />Parcel ID/Sidwell number: 400207761
<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 minerals, 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 rights, 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 connection therewith (hereinafter calied 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 />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 Security Instruxnent 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 now or hereafter owing from Grantor and Robert Kayl to Lender, howsoever
<br />created or arising, whether primary, secondary or contingent, together with any interest or charges provided in or
<br />arising out of such indebtedness, as well as the agreements and covenants of this Security Instrument and all
<br />Related Documents (hereinafter all referred to as the "Indebtedness"). Secured debt includes, but is not limited
<br />to, the following: promissory note dated January 20, 2011, in the amount of $55,000.00 and any renewals,
<br />extensions or modifications.
<br />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due and payable on June 30, 2011.
<br />FUTURE ADVANCES. To the extent permitted 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 the fact that from time to time there
<br />may be no balance due under the note and regardless of whether I.ender is obligated to make such future advances.
<br />CROSS COLLATERALIZATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to Lender, howsoever arising and whensoever incurred.
<br />�O 2004-2010 Compliance Systems, Inc. F947-B02C - 2010.05.365
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