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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated February 22, 2000, among MID -NEBR SPEEDWAY, INC.; A NEBRASKA
<br />CORPORATION ( "Trustor "); United Nebraska Bank, whose address is Grand Island Office, PO Box 5018,
<br />Grand Island, NE 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br />United Nebraska Bank, whose address is 700 N. Webb, Grand Island, NE 68803 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights royalties, and rofits relating to the real property includin
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real property ") located in HALL County, Mate of
<br />Nebraska:
<br />THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW1 /4SW1/4) IN SECTION THIRTY -FOUR
<br />(34), TOWNSHIP TEN (10) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY,
<br />NEBRASKA; EXCEPTING AND CERTAIN TRACT THEREFROM AS SHOWN IN WARRANTY DEED IN
<br />BOOK 75, PAGE 403 IN THE REGISTER OF DEEDS OFFICE ALSO EXCEPTING AND CERTAIN TRACT
<br />THEREFROM AS SHOWN IN CORPORATION WARRANTY DEED AS DOCUMENT 81- 000812 IN THE
<br />REGISTER OF DEEDS OFFICE.
<br />The Real Property or its address is commonly known as 9551 SOUTH LOCUST, DONIPHAN, NE 68832.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, tifie, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this Deed of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of
<br />the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
<br />Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has been,
<br />except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated February 22, 2000, among MID -NEBR SPEEDWAY, INC.; A NEBRASKA
<br />CORPORATION ( "Trustor "); United Nebraska Bank, whose address is Grand Island Office, PO Box 5018,
<br />Grand Island, NE 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and
<br />United Nebraska Bank, whose address is 700 N. Webb, Grand Island, NE 68803 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights royalties, and rofits relating to the real property includin
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real property ") located in HALL County, Mate of
<br />Nebraska:
<br />THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW1 /4SW1/4) IN SECTION THIRTY -FOUR
<br />(34), TOWNSHIP TEN (10) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY,
<br />NEBRASKA; EXCEPTING AND CERTAIN TRACT THEREFROM AS SHOWN IN WARRANTY DEED IN
<br />BOOK 75, PAGE 403 IN THE REGISTER OF DEEDS OFFICE ALSO EXCEPTING AND CERTAIN TRACT
<br />THEREFROM AS SHOWN IN CORPORATION WARRANTY DEED AS DOCUMENT 81- 000812 IN THE
<br />REGISTER OF DEEDS OFFICE.
<br />The Real Property or its address is commonly known as 9551 SOUTH LOCUST, DONIPHAN, NE 68832.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, tifie, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this Deed of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of
<br />the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
<br />Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has been,
<br />except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any
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