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<br />WHEN RECORDED MAIL TO:
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<br />CORNERSTONE BANK � �
<br />Central City Facility � � � p
<br />1631 16th Street
<br />Central Citv, NE 68826-1815 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated May 30, 2012, among Central Community College; A Nebraska
<br />Corporation ("Trustor"); CORNERSTONE BANK, whose address is Central City Facility, 1631
<br />16th Street, Central City, NE 68826-1815 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and CORNERSTONE BANK, whose address is 529 LINCOLN
<br />AVENUE, YORK, NE 68467 (referred to below as "Trustee"1.
<br />CONVEYANCE AND GRANT. For valuable consideraUon, Trustor conveys to Trustea in trust, WITH POWER OF SALE,
<br />for the benefrt of Lender as Beneflciary, all of Trustor's right, title, and interest in and to the following described real
<br />property, together with all existing or subsequently erected or effixed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; ell weter, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rightsl; and all other rights, royalties, end profits relating to the real prope�y , mcluding without
<br />limitation all minerals, oil, gas, geothermal and similar matters, (th� ° Real Property IOC9tetl I� Hell COU�ty,
<br />State of Nebraska:
<br />Lots One (1) and Two (2), Community College Subdivision, an Addition to the City of Grand
<br />Island, Hall County, Nebraska
<br />The Real Property or its address is commonly known as 2831 Wortman Drive, Grand Island,
<br />NE.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts end liabilities,
<br />plus interest thereon, of either Trustor or Borrower to Lender, or any one or more of them, as well as all claims by
<br />Lender against Borrower and Trustor or any one or more of them, whether now existing or hereafter arising, whether
<br />related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br />indirect, determined or undetermined, absolute or contingent, liquidated or unliquideted, whether Borrower or Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation perty or
<br />otherwise, and whether recovery upon such emounts may be or hereafter mey become barred by any statute of
<br />limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise
<br />unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advences made by Lender to
<br />Borrower or Trustor whether or not the advences are made pursuant to a commitment. Specifically, without limitation,
<br />this Deed of Trust secures, in addition to the emounts specified in the Note, all future amounts Lender in its discretion
<br />may loan to Borrower or Trustor, together with all interest thereon.
<br />Trustor presently essigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and
<br />interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br />grants to Lender a Uniform Commercial Code security interest in the Personal Property end Rents,
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Deed ot Trust is executed at
<br />Borrower's request and not at the request of Lender; (b) Trustor hes the full power, right, and authority to enter into
<br />this Deed of Trust end to hypothecate the Property; (c) the provisions of this Deed of Trust do not conflict with, or
<br />result in a default under any agreement or other instrument binding upon Trustor and do not result in a violation of any
<br />lew, regulatfon, court decree or order eppliceble to Trustor; (d) Trustor has established adequate means of obtaining
<br />from Borrower on a continuing basis informat(on about Borrower's finencial condition; and (e) Lender has made no
<br />representation to Trustor about Borrower (including without Iimitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Trustor walves ell rights or defenses arising by reason of any "one action" or °antl-deficiency"
<br />law, or any other law which may prevent Lender from bringing any action against Trustor, including a claim for
<br />deficiency to the extent Lender is otherwise entitled to e claim for deficiency, before or after Lender's commencement
<br />or completion of any foreclosure action, either judfcially or by exercise of a power of sale,
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower and Trustor shall pay to
<br />Lender all Indebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly
<br />perform ell their respective obligations under the Note, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree thet Borrower's and Trustor's
<br />possession and use of the Property shall be governed by the following provisions:
<br />Possession end Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and
<br />control of the Property; (2) use, operete or menage the Property; and (3) collect the Rents from the Property.
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