|
~p ,~.~ f'rl
<br /> .l.,u ~ z ~ y n = , 1~ ' ~ ~ rte, ~
<br />N ~
<br />~~ a ~`
<br />
<br />~ n © ~ ~ ~~
<br />
<br />~ ,,,
<br />~ ~~
<br />c~ m
<br />~~ y~~ ~ ~ ~ ~ Q _ rv ~~ ~ ~
<br />
<br />CTI ~
<br />f - Y
<br />b1
<br />~,
<br />~~
<br />~r rr~ _
<br />Z
<br />N ~~ ~ ~ m ~ ~
<br />~ ~.. ~ ~~
<br />b r
<br />n
<br />[7 ~ ~
<br />r"" Tr CJ'1
<br />C
<br />
<br /> ~ ^j ~ .__..._.
<br />~~
<br />~ cn cr>
<br />" N
<br />O
<br />~"~ '
<br /> 0
<br />- N
<br />LOAN NUMBER: 1470620
<br />(Space Above This Line For Recording Data)
<br />COMMERCLAL REAL ESTATE DEE~I? OF TRilST _
<br />This COMMERCIAL REAL ESTATE DEED OF TRUST ("Security Instrument") is made on June 24, 2009 by
<br />the grantor(s) Gale D. Squier aka Gale Squier, whose address is 1801 Camdeu Place, Lincoln, Nebraska 68506 ;
<br />and Kay L. Squier aka Kay Squier, husband and wife, whose address is 1801 Camden Place, Lincoln,
<br />Nebraska 68506 ("Grantor"). The trustee is Union Bank and Trust Company whose address is PO Box 5166,
<br />Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Union Bank & Trust Company whose address is
<br />2008 North Webb Road, Grand Island, Nebraska 6$$03 ("Lender"), which is organized and existing under the
<br />laws of the State of Nebraska. Grantor in consideration of loans extended by Lender up to a maximum principal
<br />amount of One Hundred Fifty-nine Thousand and 00/100 Dollars ($159,000.00) ("Maximum Principal
<br />Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged, irrevocably grants,
<br />conveys and assigns to Trustee, in trust, with power of sale, the land and property described below:
<br />Address: 3022 Old Potash Hwy, Grand Island, Nebraska 6$$03
<br />Legal Description: The West One Hundred (100) Feet of Lots Four (4), Five (5) and Six (6), Warren
<br />Subdivision, in the City of Grand Island, Hall County, Nebraska
<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 property), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br />storage rights, dams and water stock that inay now, or at any time in the future, be located on and/or used in
<br />- ~~connection writh 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, 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 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"). INCREASED MAXIMUM PRINCIPAL
<br />INDEBTEDNESS: Grantor hereby acknowledges that the principal amount shown above will
<br />automatically be increased by any future advances or other Indebtedness of the Grantor to the Lender.
<br />Notwithstanding the foregoing, the parties a ee t the total amount which is secured by this Security
<br />Instrument shall not exceed $318,000.00~3~c~ rtials)
<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 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 />® 200a-2006 Copyright Compliance Systems, Inc. 63C7-AA69 - 2008,12.2$2 www.compliancasystems.com
<br />Commercial steal Bstate Security Instrument - P1.40o7 Page 1 of 5 800-468-8522 -Pax 616-956-1868
<br />~tS~
<br />
|