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<br />COMMERCIAL REAL� ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instruinent")�is made on December 16, 2010
<br />by the grantor(s) SOUTHEAST CROSSINGS, L.L.C., a Nebraska Limited Liability Company, whose address is
<br />PO BOX 139, GRAND ISLAND, Nebraska 68802-0000 ("Grantor"). The trustee is Arend R. Baack, A�torney
<br />whose address is P.O. Box 790, Grand Island, Nebraska 6880.2 ("Trustee"). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand Island whose address is 221� � South Lo�cust Street, Grand Island,
<br />Nebraska 68801 �("Lender"), which is organized and existing' under the laws of the� United States of America.
<br />Grantor in consideration of Ioans extended by Lender up to a maximLUn principai amoltnt of Three Hundred
<br />Eighty Thousand and 00/100 Dollars ($380,000.00) �("Maximum Principal Indebtedness"), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to TrusCee, in trust,
<br />with power of sale, the following described property located in the Coi�nty of Hall, State of Nebraska:
<br />Address: 1811 West 2nd Street, GRAND ISLAND, Nebraska 68803
<br />Legal Description: Lots One (1), Two (2), Three (3), Four (4), Seven (7) and Eight (S), Block Fifteen (15),
<br />Kernohan and Decker's Addition and all of Lots Two (Z), Three (3), Four (4), Six (6), Seven (7), Ei�lit (8),
<br />Nine (9) and Ten (10), Block Two (2), Charles Wasiner's Addition, all in t�ie City of Grand Island, Hall
<br />County, Nebraska EXCEPT a tract more particularly described iu Warranty Deed 1 as llocument
<br />No. ����� ?.OQ6Q8846.
<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 wl�ether 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 tbat may notv, 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 dornain,
<br />amoiints 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 called 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, cons.truction loan agreements, resolutions,
<br />gtiaranties, enviroiunental agreements, suborditiation agreements, assignn�ents of leases and rents and any other
<br />documents or agreements executed in connection with this Security Instrument whether now or hereafter existing.
<br />T�he Related Documents are� here�by made a part of t}us Security Instrument by reference thei with the same
<br />force and effect as if fully set farth herein.
<br />INllEBTEllNESS. This Security Instrument secures the principal amount shown �bove as may be evidenced by a
<br />promissory note or notes of even, prior or subsequent date hereto, including future advances and eve,ry other
<br />inde,btedness of any and every kind now or hereafter owing fram Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, togetlier with any interest or charges provided in or arisnig out of such
<br />indebtedness, as well as the agreements and covenants of this Securiry Instrument and all Related Documents
<br />(hereinafter all referred to as t�ie "Indebtedness"). ,
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instniment wi11 secure firture advances as if
<br />sucl� advances were made pn tha date of this Security Instrument regardless of tl�e fact that fiom time to time there
<br />may be no balance due under the note and regardless of whether Lender is obligated to make sucl� future advances.
<br />CROSS �COLLATERALIZATION.� It is the expressed intent� of Grantor to cross� collateralize� ail ;�f its
<br />Indebtedness and obligations to LeYider, howsoever arising and whensoever incurred.
<br />WAR�RANTIES. Grantor, for itself, its lzeirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees wit11 Lender, its successors and assigns, as follows:
<br />� Performance of Obligations. Gran[or promises to perform all terms, caxaclitions, aiid covenants of tl�is
<br />� Security Instrument and Related Documents in accordance with the te�rn�s co�ztained therein.
<br />Defense aud Titie to Property. At the time of execution and delivery of this iustrument; 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 for encumbrances
<br />C� 20042010 Eompliance Systems, Ina F947-CI FC - 2010.95365 � � � ���
<br />Commercial Real Estate Security Inshument - DL4007 Page I of 5
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<br />*Deed of Trust re—filed to correct legal desczintion.
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