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<br />(Space Above Tlvs Line For Recording Data)
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />This COMNIERCIAL REAL ESTATE DEED OF TRUST ("Security Inshvment") is made on April 19, 2011 by
<br />the grantor(s) Janice M. Thayer, and Ernest J. Thayer, Wife and Husband, whose address is 2307
<br />Stagecoach Rd, GRAND ISLAND, Nebraska 68801 ("Grantor"). The trustee is Arend R Baack, Attorney
<br />whose address is P.O. Boz 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand Island whose address is 221 5outh Locust 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 loans extended by Lender up to a maximum principal amount of One Million Siz
<br />Hundred Seventy Thousand and 00/100 Dollars ($1,670,000.00) ("Maximum Principal Indebtedness"), and for
<br />other valuable consideration, the receipt of which is acknowledged, irrevocably gants, conveys and assigns to
<br />Trustee, in trust, with power of sale, the following described property located in the COLTNTY of HALL, State of
<br />Nebraska:
<br />Address: 404 Woodland Dr, GRAND ISLAND, Nebraska 68801
<br />Legal Description: See Attached Ezhibit 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 appurtenaut 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 properiy, 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 "Properly").
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of tt�vvst, 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 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 and Thayer Family L.L.C. to Lender,
<br />howsoever created or arising, whether primary, secondary or contingent, together with any interest or chazges
<br />provided in or arising out of such indebtedness, as well as the agreements aud covenants of this 5ecurity
<br />Instrument and all Related Documents (hereinafter all referred to as the "Indebtedness").
<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 />CRO55 COLLATERAI.I7ATION. 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 />WARRANTIES. Grantor, for itself, 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 />of record aqceptable to I.ender. Further, Grantor covenants that Grantor will warraut and defend generally
<br />the title to the Properiy against any and all claims and demands whatsoever, subject to the easements,
<br />restrictions, or other encumbrances of record acceptable to Lender, as may be listed in the schedule of
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<br />� 2004-20 t0 Compliance Systems, Inc. F947-26FF - 2010.05.365
<br />Commerciel Real F.s[ate Security Instroment - DL4007 Page I of 5 www.complienccsystems.com
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