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<br />DEED OF TRUST C\�.
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is MAY 1, 2001. The parties and cj�
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />NEBRASKALAND DISTRIBUTORS, L.L.C.
<br />a Limited Liability Company
<br />PO BOX 250
<br />GRAND ISLAND, Nebraska 68802 -0250
<br />TRUSTEE:
<br />CITY NATIONAL BANK AND TRUST
<br />Financial Institution
<br />800 WEST 3RD STREET
<br />HASTINGS, Nebraska 68901
<br />470126913
<br />BENEFICIARY (Lender):
<br />CITY NATIONAL BANK AND TRUST
<br />Organized and existing under the laws of the United States of America
<br />PO Box 349
<br />800 West 3rd Street
<br />Hastings, Nebraska 68902 -0349
<br />470126913
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />LOTS NINE (9) AND TEN (10), MEHRING AND GIESENHAGEN SECOND SUBDIVISION, HALL COUNTY,
<br />NEBRASKA, AND A TRACT OF LAND LOCATED IN THE SOUTHEAST QUARTER OF SECTION TWENTY FOUR
<br />(24), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10), WEST OF THE 6TH P.M., LYING SOUTH OF THE
<br />UNION PACIFIC RAILROAD COMPANY, MORE PARTICULARLY DESCRIBED AS FOLLOWS: REFERRING TO
<br />THE SOUTHEAST CORNER OF SECTION 24; THENCE WESTERLY 2,022.70 FEET; THENCE NORTHERLY 33
<br />FEET TO THE ACTUAL POINT OF BEGINNING; THENCE NORTHERLY 200 FEET; THENCE EASTERLY 200
<br />FEET; THENCE SOUTHERLY 200 FEET; THENCE WESTERLY 200 FEET TO THE POINT OF BEGINNING.
<br />The Property is located in HALL County at PO BOX 250, GRAND ISLAND, Nebraska 68802 -0250.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $800,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, dated May 1, 2001, from Grantor to Lender, in the amount of
<br />$800,000.00 with an initial interest rate of 7.5 percent per year maturing on November 1, 2001.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />NEBRASKALAND DISTRIBUTORS, L.L.C.
<br />Nebraska Deed Of Truet Initial
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<br />Space Above This Line For Recording Data
<br />DEED OF TRUST C\�.
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is MAY 1, 2001. The parties and cj�
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />NEBRASKALAND DISTRIBUTORS, L.L.C.
<br />a Limited Liability Company
<br />PO BOX 250
<br />GRAND ISLAND, Nebraska 68802 -0250
<br />TRUSTEE:
<br />CITY NATIONAL BANK AND TRUST
<br />Financial Institution
<br />800 WEST 3RD STREET
<br />HASTINGS, Nebraska 68901
<br />470126913
<br />BENEFICIARY (Lender):
<br />CITY NATIONAL BANK AND TRUST
<br />Organized and existing under the laws of the United States of America
<br />PO Box 349
<br />800 West 3rd Street
<br />Hastings, Nebraska 68902 -0349
<br />470126913
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />LOTS NINE (9) AND TEN (10), MEHRING AND GIESENHAGEN SECOND SUBDIVISION, HALL COUNTY,
<br />NEBRASKA, AND A TRACT OF LAND LOCATED IN THE SOUTHEAST QUARTER OF SECTION TWENTY FOUR
<br />(24), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10), WEST OF THE 6TH P.M., LYING SOUTH OF THE
<br />UNION PACIFIC RAILROAD COMPANY, MORE PARTICULARLY DESCRIBED AS FOLLOWS: REFERRING TO
<br />THE SOUTHEAST CORNER OF SECTION 24; THENCE WESTERLY 2,022.70 FEET; THENCE NORTHERLY 33
<br />FEET TO THE ACTUAL POINT OF BEGINNING; THENCE NORTHERLY 200 FEET; THENCE EASTERLY 200
<br />FEET; THENCE SOUTHERLY 200 FEET; THENCE WESTERLY 200 FEET TO THE POINT OF BEGINNING.
<br />The Property is located in HALL County at PO BOX 250, GRAND ISLAND, Nebraska 68802 -0250.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $800,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />3. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, dated May 1, 2001, from Grantor to Lender, in the amount of
<br />$800,000.00 with an initial interest rate of 7.5 percent per year maturing on November 1, 2001.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />NEBRASKALAND DISTRIBUTORS, L.L.C.
<br />Nebraska Deed Of Truet Initial
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