Laserfiche WebLink
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
„ , <br />�0�.10'�37G <br />THIS INSTRUMENT PREPARED BY: <br />Pathway Bank <br />306 S. High St. <br />Cairo, NE 68824 <br />AFTER RECORDING RETURN TO: <br />Pathway Bank <br />306 S. High St. <br />Cairo, NE 68824 <br />(Space Above This Line For Recording Data) <br />COMNI�RCIAL REAL ESTATE DEED OF TRUST <br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument”) is made on October 3, 2011 by <br />the grantor(s) Aron Hostetler, AKA Aron W. Hostetler, Husband, whose address is 11373 W White Cloud Rd, <br />Cairo, Nebraska 68824-9429 , Patricia Hostetler, AKA Patricia A. Hostetler, Wife, whose address is 11373 W <br />White Cloud Rd, Cairo, Nebraska 68824-9429 , Eric Hostetler, AKA Eric M. Hostetler, Husband, whose <br />address is 5326 N McGuire Rd, Cairo, Nebraska 68824 , and Kimberly Hostetler, AKA Kimberly K. <br />Hostetler, Wife, whose address is 5326 N McGuire Rd, Cairo, Nebraska 68824 ("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. Grantor in consideration of loans extended by Lender up to a <br />maximum principal amount of Two Hundred Thousand and 00/100 Dollars ($200,000.00) ("Maximum Principal <br />Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged, irrevocably grants, <br />conveys and assigns to Trustee, in trust, with power of sale, the land and property described below: <br />Legal Description: See Attached "Exhibit A" <br />Together with all easernents, 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 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 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 DOCiJMENTS. T'he 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 Security Insmzment 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 o� 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 note dated October 3, 2011, in the amount of $200,000.00 and any renewals, extensions or <br />modifications. <br />F'LJTURE ADVANCES. To the extent permitted by law, this Security Instrument will secure fuhue 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 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 />� 2004-2011 Complianca Systams, Inc. COFO-A8A1 - 2010LI.15.441 <br />