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<br /> NEBRASKA
<br /> SECOND OEEO OF TRUST
<br /> (F�A Loall)
<br /> This Second Deed of Trust Ithis "Second Deed of Trust"), is made as ot 01 /2 7 ,2 0 0 Q by and among
<br /> Kelly Standlea & Tammy Standlea, husband & wife 68801
<br /> ("Trustor"), whose mailing address is224 South Vine Street Grand Island, ; NE
<br /> Commercial Federal Bank ("Trustee•) , whose mailinfl address lspo box 1 1 03
<br /> Omaha, NE 681 01 -1 1 03 , Neb�aska; and Nebraska Investment Financa Authority
<br /> ('Beneficiary"), whose mailing address is 200 Commerce Court, 1230 O Street, Lincoln, Nebraska 68508-1402.
<br /> FOR VALUABLE CONSIDERATION, Trustor ir�evocably transfers,conveys and assigns to Trustee, IN TRUST,WITH POWER
<br /> OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Second Deed of Trust,
<br /> the real property, lepally described on Exhibit A attached hereto and incorporated herein by reference (the "Property"); and
<br /> TOGETHER WITN,all�ents, profits, royalties,income and other benefits derived from the Property(collectively, the"rents"),
<br /> all leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and aU right, title and
<br /> interest of Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in the Property owned or hereafter
<br /> acquired, all interests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the
<br /> Property, all easements, rights-of-way, tenements, hereditaments and appurtenances thereof and thereto, all water rights, aU riflht,
<br /> tiile and interest of Trustor, now owned or he�eafter acquired, in and to any �and, lying within the right-oi-way of any street or
<br /> hiphway adjoining the Property, and any and all alleys and strips and gores of land adjacent to or used in connection with the
<br /> Property, and any and all buildings, fixtures and improvements now or hereafter erected thereon (the "Improvements"), and aU the
<br /> estate, interest, riflht, title or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any and
<br /> all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or any part of
<br /> the Trust Estate, including without limitation any awards resulting from a change of grade of streets and awards for severance
<br /> damapes.
<br /> The Property and the entire estate and i�te�est conveyed to the Trustee are referred to collectively as the 'Trust Estate".
<br /> For the Purposa of Securinc�:
<br /> A. Payment of i�debtedness evide�ced by any promissory note of T�ustor in favor of Beneficiary; and
<br /> B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of
<br /> sixteen percent (16°�6) per annum.
<br /> The indebtedness described in paraflraphs A and B above is referred to as the 'Indebtedness.'
<br /> This Second Oeed of Trust, any promissory note of Trustor i� favor ot eeneficiary and any other instrument given to
<br /> evidence or further secure the payment and performa�ce of any obligation secured hereby are referred to collectively as the 'Loan
<br /> Instruments".
<br /> Trustor covenants that (i) Trustor holds title to the Trusi Estate and has lawful authority to encumber the Trust Estate,
<br /> (ii) the Trust Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenants of record and
<br /> the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the 'Fi�st Deed of Trust"1, and
<br /> (iii) Trustor will detend the Trust Estate apainst the lawful claims ot any person.
<br /> To Protect the Security of thls Second Deed of Trust:
<br /> 1. Payment of/ndebtedness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness and
<br /> all ather sums as provided in the Loan Instruments.
<br /> 1 �> �—�l NIFA 2/96 i�_
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