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<br />�(Space Above This Line For Recording Data) ��
<br />COMMERCIAL REl�Y, ESTATE DE�1� QF TRU�"'I' ,�
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED �
<br />OF TRUST
<br />This COMNIERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on Apri127, 2011 by
<br />the grantor(s) John J. Schroll, Husband, whose address is 2620 S Shady Bend Rd, Grand Island, Nebraska
<br />68801 , and Carolyn M. Schroll, Wife, whose address is 2620 S Shady Bend Rd, Grand Island, Nebraska 68801
<br />("Grantor"}. The trustee is Pathway Bank whose address is PO Boz 428, Cairo, Nebraska 68824 ("Trustee"). The
<br />beneficiary is Pathway Bank whose address is 306 S High St, P O Boz 428, Cairo, Nebraska 68824 ("Lender"),
<br />which is organized and existing under the laws of tha State of Nebraska. Grantor in consideration of loans
<br />extended by Lender up to a maximum principal amowrt of One Hundred Thousand and 00/100 Dollars
<br />($100,000.00) ("Maximum Principal Indebtedness"), and for other valuable considerarion, the receipt of which is
<br />aclmowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following
<br />described properiy located in the County of Hall, State of Nebraska:
<br />Address: 604 Hillside Dr, Cairo, Nebraska 68824
<br />Legal Description: Lot 10, Centura Hills Subdivision, Addition to the Village of Cairo, Hall County,
<br />Nebraska.
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixlures,
<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 properly), wells, well permits, ditche�, ditch rights, re��rvoirs, �aserva�r--righ�s,-reservair 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 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, resolurions,
<br />guaranties, environmental agreements, subordination agreements, assignments af leases and rents and any other
<br />documents ar 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 />INDEBTEDNES5. 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 advarices 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 chazges provided in or arising out of such
<br />indebtedness, as well as the ageements and covenants of this Security Instrument and all Related Documents
<br />(hereinafter all refened to as the "Indebtedness"). Secured debt includes, but is not limited to, the following:
<br />promissory note dated April 27, 2011, in the amount of $100,000.00 and any renewals, eztensions or
<br />modifications.
<br />F'UTURE 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 5ecurity Instruriment regard:ess 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 fut►u�e advances.
<br />CROSS COLLATERALIZATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to I,ender, 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 accorda.nce with the terms contained tlierein.
<br />� 2004-2010 Compliancs Systeme, inc. F947-BA2E - 2010.05.36i,
<br />.,.....�_.., _. �.r•� . ..... . .. . ... . . .. ,
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