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This COMBINATION DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE
<br />FINANCING STATEMENT, dated May 2, 2011 (the "Deed of Trust "), is made by CENTRAL
<br />CATHOLIC HIGH SCHOOL, grantor (the "Grantor "), to FIVE POINTS BANK, grantee and deed
<br />trustee (the "Trustee "), for the benefit of FIVE POINTS BANK, as beneficiary (the "Beneficiary ").
<br />RECITALS
<br />201210417
<br />1. Concurrently herewith, the Grantor is borrowing from the Nebraska Elementary and
<br />Secondary School Finance Authority (the "Authority "), a body politic and corporate and public
<br />instrumentality duly organized and validly existing under the Nebraska Elementary and Secondary School
<br />Finance Authority Act (Chapter 79, Article 18, Reissue Revised Statutes of Nebraska, as amended, the
<br />"Act "), the proceeds of the Authority's Revenue Refunding Bond (Central Catholic High School Project),
<br />Series 2011, dated the date of delivery (May 2, 2011) thereof (the "Bond "), in the amount of
<br />$2,142,022.56 pursuant to the terms of a Loan Agreement, dated May 2, 2011 (the "Loan Agreement "),
<br />among the Beneficiary, the Authority, and the Grantor. Capitalized terms used herein and not otherwise
<br />defined have the meanings set forth in the Loan Agreement.
<br />2. The Authority is obtaining funds concurrently herewith for the Loan through the issuance
<br />and sale of the Bond pursuant to the Act and the Loan Agreement.
<br />3. The Beneficiary is purchasing the Bond.
<br />4. Under the terms of the Loan Agreement, the Grantor has agreed (a) to use the Bond
<br />Proceeds to provide for the payment and redemption of the Authority's Revenue Bond (Central Catholic
<br />High School Project), Series 2006 (the "2006 Bond "), issued to refinance a portion of the Project Costs
<br />and (b) to make payments to the Beneficiary, as assignee of the Authority, in amounts sufficient to pay
<br />when due, the principal or redemption price of and interest on the Bond.
<br />5. In order to (a) induce the Authority to issue the Bond and make the Loan and (b) induce
<br />the Beneficiary to purchase the Bond representing the Loan, the Grantor, as titleholder to the Facilities,
<br />including the Project, is willing to further secure its obligations under the Loan Agreement as herein
<br />provided.
<br />NOW, THEREFORE, THIS DEED OF TRUST WITNESSETH:
<br />GRANTING CLAUSES
<br />The Grantor, in consideration of the premises and the sum of One Dollar duly paid to the Grantor
<br />by the Deed Trustee and other good and valuable consideration, the receipt and adequacy of which is
<br />hereby acknowledged, and in order to secure the payment and performance of the duties and obligations
<br />of the Grantor under the Loan Agreement, hereby grants a deed of trust, construction security interest and
<br />fixture financing statement as follows:
<br />I. GRANT OF DEED OF TRUST ON REAL PROPERTY.
<br />The Grantor does hereby GRANT, BARGAIN AND SELL, CONVEY AND CONFIRM unto the
<br />Deed Trustee, and its successors in trust and assigns, forever, IN TRUST, WITH POWER OF SALE
<br />and right of entry and possession, all and singular, the real property described in Schedule 1 attached
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