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<br />- 9ECON0 DEHD OF TRUST y
<br />-�_ ..- � (HBA IAdA) �
<br /> �=�`+• `,� : This Second Deed of Trust(this 'Second Deed of TrusY1,ia made as of August 19, 1999'�fy and amonp �v�
<br /> �-: �:, Ter�y L. Quackenbush, an unmarried mari
<br /> � "� ' ��Tiustor"), whose mallinp address is 513 East 18th Street, Grand I81ant1, NE �
<br />��ri:�'J`-��. Mountian West Financial l'Trustee") , whose mailinp address is 68801
<br /> .., � , .Q Bhox 1 Q'�6, Lake� �dC�wllead, CA9��'��ebraska; and Nebraska Investment Finance Authori"ty
<br />_��::;- ;�, l Benefi�ary), w ose ma�i ng address s ommerce Coun, 1 Street,L(ncaln,Nebraska 68b08-1402.
<br /> � "ti FOR VALUABLE CONSIDERATION,Trusto�irrevocabl transfers,conve s and assi ns to Trustae, IN TRUST,WITH POWEA
<br />�va?':i�°,?� Y Y 0
<br />�r;;,{,..�;:� , OF SALE,for the benefit and securfty of Beneilciary,under and subject to the terms and canditfons of this Second Deed of Trust,
<br />=�:�s��..•' the real property, lepa�y descrihed on F�chibit A attached herEto and incorporated herein by reference (the "Property"); and
<br />�.`:_�.�'
<br />�;� TOGETHER WRH,aU rents,prafits,royalties,incomeand ather benefits derlvedfromtheProperty(collectively,the'rents').
<br />=��,�`��' all leases or subleasescoverinq the Proparty or any portion thereof naw or hereafter existing or entered into, and all riqht,titie and
<br />__�.„.,i� interest of Trustor thereunder, alt ripht,ti41a and interest of Trustor in and ta any 4reate�Psratc,�n t►��Q.�pp�Q�ned o�herss�i�r
<br /> ___„�}�� � acquired, ali interosts,estate or other claims, both in law and in equity,whiCh Trustar now has or may hereafter acquire in the
<br /> Praperry,alt easementa,rights-of•way, tenements, hereditaments and appurtenanCes thereof and thereto,all water riphts,ail ripht,
<br /> _--__�;;�: title and interest of Trwtor, now owned or hereafter acqu(red, in and to any land, Iyinp withfn the ripht•of•way of any street or
<br /> __°�=_»°� hiphway adJoininp the Property, and any and all alteys and strips and gores of land adjaCent to or used in connection with the
<br />���''� Property,and any and atl 6uiidinps, fixtures and improvements now or hereafter erected thereon(the"Improvements"), and aU the
<br /> -•=-�=�%� estate, interest, ripht,6tle or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any end
<br /> �=-°''� • all awards made for th�takin b eminent domain, or b an
<br /> ___ fl Y y y proceeding or purchase In lieu thereof, of the whoie or any part of
<br /> --____-___ . the Trust Estate, inciudiny without limitation any awards resulttng from a chenpe of yrade of stre�ts and awards for severance
<br /> , damages.
<br /> ___�:s�
<br /> -__= The Property and the entire estate and interest conveyed to the Trustee are ►e(erred to collectively as the"Trust Estate'.
<br /> � For the Puryos� of S�turiay:
<br /> A. Payrnent of indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and
<br /> - � B• Payrntnt of all sums advanced by Beneftciary to protect the Trust Ettate, wfth interest thereon at the rate of
<br /> --- �,' sixteon percent (16%Ipe�annum.
<br /> - v_ The indehtedness described in paraqraphs A and B above (s referred to as the"Indebtedness."
<br /> � This Second Deed of Trust, any promtssory note of Trustor in favor of Benef(ciary and any other instrument piven to
<br /> __ •, evidence or further secure the payment and performance oi any oblfaatfon secured he►eby are relerred to collectively as the'loan
<br /> Instrumonts'.
<br />—`- -'�"�" Trustor covenants that(il 7rustor holds title to the Trust Estate and has lawful authariry to encumber the Trust Estate.
<br /> �..;,�,�,� (ii)the Trust Estate is iree and clear of alI liens and encumbrances except for easements,rostrtations and covenants of record and -
<br /> °===?xr� • the Deed of Trust from Trustor encumberinp the Property dated on or about the date hereof (the "First Deed of TrusYt, and
<br /> _�,'���v� ' liii)Trustor wlll defend the Trust Estate against the Iawful claims oi any person. —
<br /> __=��;.'- -
<br /> - To P�otect ths Security of thls S�cond Deed of T�uat:
<br /> _ ;7:.
<br /> i•".? 1• Pay��nt o1/ndebtedness. Trustor shall pay when due the principal of,and the interest on,the Indebtedness and �
<br /> =��`-� �� all other sums as provided In the Loan Instruments. r;
<br /> �?�.- _
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