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201303289
<br /> MULTIFAMILY DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF
<br /> RENTS AND FIXTURE FILING
<br /> THIS MULTIFAMILY DEED OF TRUST, SECURITY AGREEMENT,
<br /> ASSIGNMENT OF RENTS AND FIXTURE FILING (Nebraska), WHICH, FOR AS
<br /> LONG AS THE LOAN IS INSURED OR HELD BY HUD, SHALL BE DEEMED TO BE
<br /> THE MORTGAGE AS DEFINED BY PROGRAM OBLIGATIONS ("Security
<br /> Instrument"), is made as of this the 1st day of April, 2013, from GREAT PLAINS
<br /> PLATTE VALLEY APARTMENTS, INC., a nonprofit corporation organized and
<br /> existing under the laws of Nebraska, whose address is 7612 Maple Street, Omaha,
<br /> Nebraska 68134, as grantor, trustor, and Borrower (Borrower), to First American
<br /> Title Insurance Company, as trustee (Trustee), a corporation organized and existing
<br /> under the laws of California, for the benefit of Lancaster Pollard Mortgage Company,
<br /> as beneficiary and as Lender (Lender), corporation organized and existing under the
<br /> laws of Ohio, whose address is 65 East State Street, 16th Floor, Columbus. Ohio
<br /> 43215 .
<br /> Borrower, in consideration of the Indebtedness and the trust created by this
<br /> Security Instrument, irrevocably grants, conveys and assigns to Trustee and Trustee's
<br /> successors and assigns, in trust, with power of sale, the Mortgaged Property, including
<br /> the Land located in Lincoln/Buffalo/Hall County, State of Nebraska and described in
<br /> Exhibit A attached to this Security Instrument, to have and to hold the Mortgaged
<br /> Property unto Trustee and Trustee's successors and assigns.
<br /> TO SECURE TO LENDER the repayment of the Indebtedness evidenced by
<br /> Borrower's Note payable to Lender dated as of the date of this Security Instrument, and
<br /> maturing on May 1, 2048, in the principal amount of One Million Seven Hundred
<br /> Twenty-Eight Thousand and no/100 Dollars ($1,728,000.00) ("Loan"), and all
<br /> renewals, extensions and modifications of the Indebtedness, and the performance of
<br /> the covenants and agreements of Borrower contained in this Security Instrument and
<br /> the Note.
<br /> Borrower represents and warrants that Borrower is lawfully seized of the
<br /> Mortgaged Property and has the right, power and authority to mortgage, grant, convey
<br /> and assign the Mortgaged Property, and that the Mortgaged Property is unencumbered
<br /> except for easements and restrictions listed in a schedule of exceptions to coverage in
<br /> any title insurance policy issued to Lender contemporaneously with the execution and
<br /> recordation of this Security Instrument and insuring Lender's interest in the Mortgaged
<br /> Property. Borrower covenants that Borrower shall warrant and defend generally such
<br /> title to the Mortgaged Property against all claims and demands, subject to said
<br /> easements and restrictions.
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