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<br /> SECOND DEED OF TRUST � Z
<br /> This Second Deed of Trust ithis "Second Deed o�f�TrAustAais,made as of -�/ o
<br /> Ruperto Guerrero, an unmarried man 5-19 , 199g by and among /�`"���
<br /> . ("Trustor^), whase mailing address is 9Q9 West 6th Street, Grand Island, NE ;68801
<br /> Commercial Federal Bank, A;Fede��stee'�Savings Bank
<br /> , whose mailing address is PO Box 1103
<br /> ("8eneficiary"), whose mailing address is 200 Commerce Court, 1230 O Street, L n oln,eNeb askan68508�402 ance Autharity
<br /> FOR VALUABLE CONS(DERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST,WITH POWEEi
<br /> OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Second Deed of Trust,
<br /> the real property, leqally described on Exhibit A attached hereto and incorporated herein by reference (the "Properry"►; and
<br /> TOGETHER WITH,all rents,profits, royalties, income and other benefits derived from the Propery(collectively,the"rents"),
<br /> all leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and all right, title and
<br /> interest of Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in the Property owned or hereafter
<br /> acquired, all interests, estate or other claims, bath in law and in equity, which Trustor now has or may hereafter acquire in the
<br /> Property, all easements, rights-of-way, tenements, hereditaments and a
<br /> title and interest of Trustor, now owned or hereafter acquired, in and to anynland,sly ng w th ndthe right olf way of any�str'eat otr
<br /> highway adjoining the Property, and any and all alleys and strips and gores of land adjacent to or used in connection with the
<br /> Property, and any and afl buildings, fixtures and improvements now or hereafter erected thereon (the "Improvements"), and alI the
<br /> estate, interest, right, title or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any and
<br /> aIl awards made tor the taking by eminent domain, or by any proceeding or purchase in lieu thereof of the whole or an
<br /> the Trust Estate, including without limitation any awards resulting from a change of grade of streets and awards for severance
<br /> damages. . .
<br /> _ The Property and the entire estate and interes;conveyed to the Trustee are referred to collective(y as the "Trust Esiate".
<br />-or the Purpose of Securinq;
<br /> A• Payment of indebtedness evidenced by any promissory note of Trusior in favor of Beneficiary; and
<br /> B• Payment of all sum$ advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of
<br />�ixteen percent (16%) per annum.
<br /> The indebtedness described in paragraphs A and 6 above is referred to as the "Indebtedness."
<br /> This Second Deed of Trust, any promissory note of Trusior in favor of Beneficiary and any otherrinstrument given to
<br />�vidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />�s;ruments".
<br /> Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate
<br />�1 the Trust Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenants of record and
<br />�e Deed of Trusc from Trustor encumbering the Property dated on or about the date hereof (the "First Deed of Trust"), and
<br />'i� Trustor will defend the Trust Estate against the lawful claims of any person.
<br /> o Protect the Security of this Second Deed of Trust:
<br /> �• Payment of/ndebtedness. Trustor shatl pay when due the principal of, and the interest on, the Indebtedness and
<br />'I other sums as provided in the Loan Instruments.
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<br /> � NIFA 2/96
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