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<br /> DEED OF TRUST H w�
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<br /> This Deed of TrusY mnda thia 30 day of Septembcr, 19g7 by:
<br /> Tntstor. MCJ Unitmitod L.L.C.
<br /> Address: 4521 Lewis Avenue�Llncoln NE 68521 � n
<br /> Bencficiary: Comhusker Hank ��
<br /> pddress; P.O.Box 80009,Ltncoln NE 68501-0009 �O
<br /> Tn�stx: Canhuska Bank
<br /> Add�ress: P.O.Box 80009,Lincoln NE 68501-0009
<br /> For valunble consideration,Trustor irrevocably grants,convey s�and asst�s to Trusta,IN TRUST,W1TN POWER
<br /> OF SALE,forthe ba�efit end sa�witY of Ha�eficiary,unda and subject to the terms and condtdoas of this Dad of Trust,
<br /> the foflowing describod real prop�rty lacatod i�► Hall Counry,Nebraska:
<br /> I.ot One(1),Labelindo Subdivision,in the city of Grand Isla�d,Hall County,Nebraska
<br /> (Hereinafter called the Premises)
<br />_ together with all buildings and improvemeats now or hereafter erected uPoa the pre�nises;sll rents,Profds•royahies,
<br /> iacome and other benefits dertved from the prcmises;ull et�eznents,iica�sas.righi�ui wey a8w ur r�f:a»�tdssg iQ
<br /> the prcmi�es;�nd any end all awards made for the tdlcing of eminrnt domain,including procaeds of any tgroarxut ta�de
<br /> In lieu tha+ooF and
<br /> pll are collectively cilled the Security.
<br /> FOR THE P'URPOSE OF SECUl�1(3:
<br /> (a) The ptymait of the debt to the Beneficiary tn the principcl surt►of S 125,000.00,togetha with intaest und upon
<br /> terms provided in the aotes and aay and all Knewals�raodificattons.extenstons a ftiture�dvu�s,os evldencad bY
<br /> Tiustoi+s note in tl�se aroount of S 125,W0.00,datod Sept.30, 1997. �e�����of ttlise Tntsta in this Deed
<br /> N)�P�o� each a�eanent belwan the Tnisu�r end Ba►e�ici�uy;
<br /> of Tn�st;
<br /> (c) 'I1�e peyment of eny sum a sumg wIth intenst ther�►which may ltta arise unda the tenm of this Deod Qf Trus� .
<br /> Fudm��Y�acoeod a sum equal to thr�(3)�a�es the original principul amount of the abovo-cocited note;
<br /> and
<br /> (� Futune�dvu�,in one or mon transnctions evidcaood by a promissory note up to an aggregate principal limit of
<br /> 5375,000.00, togetlxr with interest u►d upon the terms providad in tha notes evidencing such futurc edv�u►ces aad any
<br /> and sq renewai madificatlons and exteusions of such notas.
<br /> TO PROTECT THE SECURIT1f OF THI5 DEED OF TRUST,TRUSTOR HEREBY COVENANTS AND
<br /> ACRLES AS FOLLOWS:
<br /> 1, �g Tn�sta shall pmmptly pay when due the principnl of and interest on the indebtalness cvidenc�ed by tt►e
<br /> �,�d�Il otha ch�rges�nd foes pmvided in the note or secured by this Dood of Trust,and the principal of end interest
<br /> on any future advancGC securod by this Deed of Trust not to excoed three(3)t�mes the original principaJ amount of the
<br /> above recitod note.
<br /> 2, qr�1Y o� Tc�uta is lawfully seized and possessed of good and indefeasible title and esU�te to We pmperty
<br /> hereby conveyed and has the right to grnnt nnd convey the prope�ty;the property 1s fra and clar of sll lta►s and
<br /> axa�mbranoes�except those approprtately rer,orded. Tivstor shall wtu�r�nt and defend the t[tle to the propaty against all
<br /> claims and decmnd.
<br /> 3, M.inteeadcs of tl�e Se�
<br /> 3.1 Tn�stor shell kap the secur[ty in 800d wn�ttton and repair;shall not commit or suffer waste;shall not do or
<br /> albw,Anything to be done which will increaye the r�sk of fira or other casuelty to the premises or diminish the vatue of the
<br /> security ex�ept rp�sonable wear and tear;and,shall not alta the design or struccural characta of any buiiding or add any
<br /> building with�n the sxurity without the written consent of the Bene�iciary.
<br /> ..�W_r:_ • •�...�...,...�t�.�,•n�.�includinQ conder�qaation.Tmstor shdl give
<br /> 3.l IL 1lIC S�uitY or eury Pa[t u�awi�uaa...�....�.............� _____---..
<br /> � immadiate wcitten notice of the event to the Firneficiary. Trustor shall use any pmceeds of cornpensadon for the damege
<br /> from i�tsura��oondannation award a ode�vvise to restore or nplaao the socurity damagod to tho oquivalent of its original
<br /> oonditiai a shall pay such pmoeads to the Beneficiary at the optton af the Benaficfary. If put af the sxurity is dama8ed,
<br /> the'Crustor shs311 restore,repair or alter the remaining property in a manner sattsfactory to thv Bencficiary.
<br /> 3.3 The BeneRciary or its representative is hereby authorizod to enter upon and inspect the prerntses at any time
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