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200000484
<br /> �
<br /> Lot 1, Block 1, Crane Valley Subdivision, in the City of Grand Island, Hall
<br /> County, Nebraska
<br /> e�225a
<br /> DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST is made as of the 14th day of January,2000,by and among GRAND ISLAND
<br /> P.H., INC., a Nebraska corporation whose mailing address is 3048 W. Stolley Park Road, Grand Island,
<br /> Nebraska 68801 (the "Trustor"), TIM O'NEILL, a member of the Nebraska State Bar Association whose
<br /> mailing address is 800 Lincoln Square, 121 South 13'h Street, Lincoln, Nebraska 68508 (the"Trustee"), and
<br /> CONCORD DEVELOPMENT, LLC, a Nebraska limited liability company whose mailing address is 1701
<br /> Windhoek Drive, Lincoln, Nebraska 68512 (the"Lender").
<br /> FOR VALUABLE CONSI DERATION,including Lender's extension of credit identified herein to Trustor
<br /> and the trust created herein,the receipt of which is hereby acknowledged,Trustor hereby irrevocably grants,
<br /> transfers, conveys and assigns to Trustee,IN TRUST,WITH POWER OF SALE, for the benefit and security
<br /> of Lender,under and subject to the terms and conditions hereinafter set forth, the real property, described in
<br /> Exhibit A attached hereto and incorporated herein by this reference,togetherwith all buildings,improvements,
<br /> fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located thereon or
<br /> in any way pertaining thereto,and the rents, issues and profits,reversions and remainders thereof, and such
<br /> personal property that is attached to the improvements so as to constitute a fixture, including, but not limited
<br /> to, heating and cooling equipment, all of which, including replacements and additions thereto, is hereby
<br /> declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br /> referred to herein as the"Property".
<br /> This Deed of Trust shall secure: (a)the payment of the principal sum and interest evidenced by a
<br /> Promissory Note,dated January 14,2000,having a maturity date of January 14, 2001, in the original principal
<br /> amount of$250,000 (the"Note"), and any and all modifications, extensions and renewals thereof or thereto
<br /> and any and all future advances and re-advancesto Trustor hereunderor underthe Note;(b)the performance
<br /> of all covenants and agreements of Trustor set forth herein; and (c)all present and future indebtedness and
<br /> obligations of Trustor to Lender,whether direct,indirect, absolute or contingent and whether arising by note,
<br /> guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure
<br /> the obligations of the Trustor to Lender set forth in the Note or other documents executed in connection
<br /> therewith, including, without limitation, guarantees, deeds of trust, mortgages, security agreements and
<br /> assignments, shall be referred to herein as the"Loan Documents".
<br /> Trustor covenants and agrees with Lender as follows:
<br /> 1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.' ���
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<br /> 2. Title. Trustor is the owner of the Property,has the right and authority to convey the Property, ,,���
<br /> and warrants that the lien created hereby is a second priority lien on the Property, and the execution and
<br /> delivery of this Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
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