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<br /> 1�EIIATEI� I�C��LJIVI�N'T'�. The words "R.ela�ed Da�umen�s" mean all promissory na�es, se�urity agreemen�s,
<br /> pri�r mor�gages, prior deeds of trust, prior deeds �o secure deb�, business Ioan agreements, cans�ruction loan
<br /> �gr�emer��s, resalu�ions, guaranties, environmental agreemen�s, subordina�ion agreemen�s, assignments ❑f leases
<br /> ar�d r�nts arad �ny ather dacuments or agreemen�s execu�ed in connection v�i�� �his Indeb�edt�ess and Securi�ty
<br /> Instrument, whe�her now ar hereafter exis�ing, in�iuding any modifi�at�ons, extens��ns, substitutions or renewals
<br /> of any of the foregoing. The Related Documen�s are hereby made a par� of�his Security Ins�rumen�by reference
<br /> thereto,with the same force and effec�as if frx��y set forth herein.
<br /> IIV�I�E�'TEI�I�E��. This Security Ir�strument se�ures the principal amflun� shawn abo�e as may be e�idenced by
<br /> a promissory note or notes of even, prior or su�s�qu�nt dat� h�reto, includ�ng future advances and �very othe�
<br /> �ndebtedn�ss of any and every lcind naw or hereafter awin� from Luthera� High SGho�l .A.ssaciation of Central
<br /> 1�T�braska, Inc�rporated to Lutheran Chur�h Extensior� Fur�d - 1V.[issour� Synad, h�wsoe�er crea�ed or arising,
<br /> vvhether prxmary, secandary or con�ingent, �og��her°with any interest or charges provided in or arising aut of such
<br /> indeb��dness, as vve11 as the agreementis and c��enants of th�s Security rnstru�nen� and ail Rela�ed Documen�s
<br /> �hereinafter�11 referred�n as�h�°'Ir�debtedness'"}.
<br /> NIATIJI�ITY DATE.The Indebtedness, if n�t paid eaxlier,sha11 be due on January 21,��35.
<br /> F'CJ�T�J1�.E AI]'V�A.I��ES. Ta �he ex�ent permi�ted by law, this Securi�y Instrument wi11 secure fu�ure ad�ances as
<br /> if su�h advar�ces were made on �he da�e of this 5ecuri�y Ir�s�rumen�regardless af the fact�hat from time ta time
<br /> ther� may be r�o ba�ance due under the na�e and regardless �f whether L,ender is obligated to make such fu�ure
<br /> �d�ar�cese
<br /> WA�AI�'I`IESe Grantor, for i�self, its helrs, pers�nal represen�a�i�es, success�rs, and assigns, represents,
<br /> warrar��s,cav�nan�s and agrees vvith Lender,i���uccessars�r�d assigns,as follows:
<br /> Pe�f�rrr�anc� vf �.]bligations. Gran�or promxses to perfor�n all terms, �ondi��flns, and �ovenants of this
<br /> S�curity�nst�ument and�ela�ed L7ocuments ir�accardance wi�h�he terms�on�ained�here�.
<br /> I]efer�se and Title t�Praperty. At the�ime of execu�ion and deii�ery af�h.i� ins�rumen�, Grantor is lawfully
<br /> seised �f�he esta�e hereby con�eyed and has the exclusi�e righ��n mor�gage, grant, can�ey and ass�gn the
<br /> Proper�ye Grantor ca�enants �ha� �he Prop�rty is unencumbered and free of all liens, excep� far
<br /> �n�umbran�es of record accep�able to Lender. Fu.r�her, �rantor cavenants that Gran�or wr11 warrant and.
<br /> def�nd generally the���le�o�he Property �.�ainst an� and all c�aims and demands whatsae�er, subj ect�o �he
<br /> easements, restrict�ans, or other encum.hrances of recard accepta�le �a Lender, as may b� lis�ed in the
<br /> schedule af�xcep�i�ns ta co�erage in �.ny�.bstra�� �f t�tle or��tle insurance policy insuring Lender's �n�erest
<br /> in�h�Property.
<br /> �onditi�n �f Property. Grantor pr�mises a� all tim�s to preserve and to main�ain �he Praperty and e�ery
<br /> par� �hereaf in gaod repair, wark�ng order, and cor�dition and wi�l fram �ime to ti�ne, make a�1 needful and
<br /> pr�per repairs so that the�a1ue af�he Property shall not in any v�ay be impaired.
<br /> Rerr,o�al af �ny Pa�-t of�he Prope�-tyo Gran�ar promises nfl� to rema�e any part of the Proper�y from i�s
<br /> present location,excep�far replacemen�,maintenance and reloca�ion in�he ordinary course of business.
<br /> A��erations �o the Prope�tyo �rantor pram�ses �o abstain from �h� cammission of any waste on �r in
<br /> conr�e�t�ox� �xth the Property. Fur�her, �rant�r sha11 malce no material al�erations, addi�ions ar
<br /> impro�ements of amy typ� whatsoe�er �o �he Pr�perty, r�gardiess af whe�her such aitera�ians, addi�ions or
<br /> im�provements vvould increase �he value ❑f the �r�per�y, nor permit anyone �a c�� so e�.c�p� for tenan�
<br /> impro�ement� and completYon af items pursuan��o appraved pIans and specifi�a�ions, withaut Lender's prior
<br /> vvrit�en �o�sent, vvh�ch consent may be wi�hheld by Lender in i�s soie discre��on. Gran�or will �omp�y with
<br /> a.li laws �.nd regulations of all pub�ic authori�ies having jurisdiction o�er �he Proper�y 1nClUding, w��hout
<br /> l�mitatian, �hose r�la�ing to the use, flccupar�cy and maintenance �hereaf and shall upon reques� pramptly
<br /> submit��Ler�der evidence of such c�mpliance.
<br /> I]ue on Sal�-Lender's �onsent, Gran�ar shall not sell, further encumber or otherwise dispose af, except as
<br /> herein pravided, any ar all of its interest in any part of or a11 of�he Proper�y wi�haut f rs� obtaining �he
<br /> written consen� of Lender. �f any encumbrance, liexa, transfer ar sale or agreement for �hese �s crea�ed,
<br /> Lender may declare immedra�ely due and payable,the entire baiance of�he Indebtedness.
<br /> �2404-�flI4 Compjiance Systems,Inc.clfaf3b8-�eb7fd�3-20I3L2,5.I.82�
<br /> Cammer�ial Real Estate Security Instrument-DL40a7 Page 2 flf 7 www,compliancesysterrfs.com
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