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<br />201103752
<br />(Space Above This Line For Recording Data)
<br />CONIlVI�RCIAL REAL ESTATE DEED OF TRUST
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on February 25, 2011
<br />by the grantor(s) Leslie M Schimmer, whose address is 4204 W. Schimmer Dr., Grand Island, Nebraska 68803 ,
<br />Karen Schimmer, Husband and Wife, whose address is 4204 W Schimmer Dr, Grand Island, Nebraska 68803 ,
<br />Jeffery L. Schimmer, whose address is 4208 W. Schimmer Dr., Grand Island, Nebraska 68803 , Cynthia E.
<br />Schimmer, Husband and Wife, whose address is 4208 W. Schimmer Dr, Grand Island, Nebraska 68803 ,
<br />Tyson J. Schimmer, whose address is 4287 Monitor Rd, Grand Island, Nebraska 68803 , and Annette R
<br />Schimmer, Husband and Wife, whose address is 4287 Monitor Rd, Grand Island, Nebraska 68803 ("Grantor").
<br />The trustee is Pathway Bank whose address is PO Boz 428, Cairo, Nebraska 68824 ("Trustee"). The beneficiary
<br />is Pathway Bank whose address is 306 S High St, P O Box 428, Cairo, Nebraska 68824 ("Lender"), which is
<br />organized and e�sting under the laws of the State of Nebraska. Grantor in consideration of loans extended by
<br />Lender up to a maximum principal amount of One Million Five Hundred Thousand and 00/100 Dollars
<br />($1,500,000.00) ("Malcimum Principal Indebtedness"), and for other valuable consideration, the receipt of which is
<br />aclrnowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the land and
<br />property described below:
<br />Legal Description: See attached Eahibit "A" and Eghibit "B"
<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 proper'ty), wells, well permits, ditches, ditch rights, resen��irs, reservoir rights, reservair sites,
<br />storage rights, da.ms 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 tixnber 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 trust, business loan agreements, construcrion loan agreements, resolutions,
<br />guaranties, environmental agreements, subordinarion 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 to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, together with any interest or charges provided in or 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 $250,000.00 and $865,000.00 and any
<br />renewals, eztensions or modifications.
<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 r�gardless 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 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 />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 />� 2004-2010 Compliance Systems, Inc. F947-471 C- 2010.05365
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