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Loan No: 81011460
<br />payable under the Note or Related Documents, together with all renewals of, extensions of, modifications of,
<br />consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by
<br />Lender to discharge Trustor's obligations or expenses incurred by Trustee or Lender to enforce Trustor's
<br />obligations under this Deed of Trust, together with interest on such amounts as provided in this Deed of Trust.
<br />Specifically, without limitation, Indebtedness includes the future advances set forth in the Future Advances
<br />provision, together with all interest thereon and all amounts that may be indirectly secured by the
<br />Cross - Collateralization provision of this Deed of Trust.
<br />Lender. The word "Lender" means Equitable Bank, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated July 5, 2016, in the original principal amount of
<br />$325,000.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings of, consolidations of, and substitutions for the promissory note or agreement.
<br />Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal
<br />property now or hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property;
<br />together with all accessions, parts, and additions to, all replacements of, and all substitutions for, any of such
<br />property; and together with all proceeds (including without limitation all insurance proceeds and refunds of
<br />premiums) from any sale or other disposition of the Property.
<br />Property. The word "Property" means collectively the Real Property and the Personal Property.
<br />Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this
<br />Deed of Trust.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br />deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br />existing, executed in connection with the Indebtedness.
<br />Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and
<br />other benefits derived from the Property.
<br />Trustee. The word "Trustee" means Equitable Bank (Grand Island Region), whose address is 113 -115 N Locust
<br />St; PO Box 160, Grand Island, NE 68802 -0160 and any substitute or successor trustees.
<br />Trustor. The word "Trustor" means SCHULTE CONSTRUCTION, L.L.C..
<br />TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND TRUSTOR
<br />AGREES TO ITS TERMS.
<br />TRUSTOR:
<br />SCHULTE 0! STRUCTIOIA, L.L.C.
<br />By:
<br />STATE OF
<br />COUNTY OF
<br />N S SCHULTE, Member of SCH TE C • NSTRUCTION, L.L.C.
<br />On this `'' day of , 20 before me, the undersigned
<br />Notary Public, personally appeared JOHN S HULTE ' ember of SCHULTE CO STRUCTION, L.L.C., and known to me
<br />to be member or designated agent of the mited Ii:.ility company that executed the Deed of Trust and acknowledged
<br />the Deed of Trust to be the free and voluntary act and deed of the limited liability company, by authority of statute, its
<br />articles of organization or its operating agreement, for the uses and purposes therein mentioned, and . • oath stated
<br />that he or she is authorized to execute this Deed of Trust and in fact executed the Dee. of Trust on b -f t limited
<br />liability company.
<br />IMITED LIABILITY COMPANY ACKNOWLEDGMENT
<br />GENERAL NOTARY - State of Nebraska
<br />WILLIAM L MCLE2 20tN
<br />t y COMM. Exp. Aug.
<br />1 SS
<br />201,60422g
<br />DEED OF TRUST
<br />(Continued) Page 8
<br />nted Name:
<br />Notary Public in
<br />Residing at Ai-Az!
<br />My commission expires 1 �
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