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<br />201101�80
<br />Inst. 20i i• 1 5 9 9
<br />(Space Above This Line For Rewrding Data)
<br />COMMERCIAL 1tEAL ESTATE DEE� OF TRUST
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br />OF TR*JST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security InstrumenY') is made on February 25, 2011
<br />by the grantor(s) Darrell R Quaring, whose address is 27010 Wiseman, Shelton, Nebraska 68876 , and Joyce
<br />M Quaring, whose address is 27010 Wiseman Rd, Shelton, Nebraska 68876 (°Grantor"). The trustee is
<br />Pathway Bank whose address is PO Box 428, Cairo, Nebraska 68824 ("Trustee"). The beneficiary is Pathway
<br />Bank whose address is 306 S High St, P O Box 428, Cairo, Nebraska 68824 ("Lender"), which is organized and
<br />existing under the laws of the State of Nebraska. Grantar in consideration of loans extended by Lender up to a
<br />maximum principal amount of One Million Five Hundred Sixty-three Thousand and 00/100 Dollars
<br />($1,563,000.00) ("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of which is
<br />acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the land and
<br />property described below:
<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 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 properiy), 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 />connect�c.n �uith ±he above-�lescribed 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 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, 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 Securiry 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. T'his Security 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 now or hereafter owing from Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, together with any interest or charges provided in ar 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"). Secured debt includes, but is not limited to, the following:
<br />promissory notes dated February 25, 2011, in the amounts of $445,000.00 and $117,000.00 and any
<br />renewals, extensions or mociifications.
<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 Lender is obligated to make such future advances.
<br />CROSS CQLLATEIt?:LI'j��TIQ]'�. !* is the 1,YpressPd ir�tert of Grar.ta, to cross collateralize all of its
<br />Indebtedness and obligations to Lender, howsoever arising and whensoever incurred.
<br />WARRANT'IES. Grantor, lor itselt; its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees with Lender, its successors and assigns, as follows:
<br />Performance of 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 execution 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 for encumbrances
<br />m 2004-2010 Compliance Systems, Inc. P947-400F - 2010.OS365
<br />Commercial Real Estate Securitv Instrument - DIA007 Pa¢e 1 of 5 www.comoliancesvstems.com
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