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<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is May 15, 2000. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />NORTHCOTT COMPANY
<br />a South Dakota General Partnership
<br />18202 Minnetonka Blvd
<br />Deephaven, Minnesota 55391
<br />TRUSTEE:
<br />FIRST NATIONAL BANK OF OMAHA
<br />Financial Institution
<br />1620 Dodge St.
<br />Omaha, Nebraska 68102
<br />BENEFICIARY (Lender):
<br />FIRST NATIONAL BANK OF OMAHA
<br />Organized and existing under the laws of the United States of America
<br />1620 Dodge Street
<br />Omaha, Nebraska 68102
<br />47- 0259043
<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 />Lot One (1), Martin's Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />The Property is located in Hall County at 104 Wilmar Avenue, Grand Island, Nebraska 68802.
<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 $1,370,000.00. 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, No. 2000056654 -1, dated May 15, 2000, from Grantor to Lender, in the
<br />amount of $1,370,000.00 with an interest rate of 8.81 percent per year maturing on May 16, 2010.
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that Lender fails to provide notice of the right of rescission, Lender waives any subsequent
<br />security interest in the Grantor's principal dwelling that is created by this Security Instrument. This Security
<br />Northcott Company
<br />Nebraska Deed Of Trust Initials
<br />NEI302S01064C000000000000002E0000002Fn2 101996 Bankers Svstems. Inc._ St. riniA MN
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<br />Space Above This Line For Recording Data
<br />1��
<br />DEED OF TRUST
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is May 15, 2000. The parties and
<br />their addresses are:
<br />TRUSTOR (Grantor):
<br />NORTHCOTT COMPANY
<br />a South Dakota General Partnership
<br />18202 Minnetonka Blvd
<br />Deephaven, Minnesota 55391
<br />TRUSTEE:
<br />FIRST NATIONAL BANK OF OMAHA
<br />Financial Institution
<br />1620 Dodge St.
<br />Omaha, Nebraska 68102
<br />BENEFICIARY (Lender):
<br />FIRST NATIONAL BANK OF OMAHA
<br />Organized and existing under the laws of the United States of America
<br />1620 Dodge Street
<br />Omaha, Nebraska 68102
<br />47- 0259043
<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 />Lot One (1), Martin's Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />The Property is located in Hall County at 104 Wilmar Avenue, Grand Island, Nebraska 68802.
<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 $1,370,000.00. 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, No. 2000056654 -1, dated May 15, 2000, from Grantor to Lender, in the
<br />amount of $1,370,000.00 with an interest rate of 8.81 percent per year maturing on May 16, 2010.
<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that Lender fails to provide notice of the right of rescission, Lender waives any subsequent
<br />security interest in the Grantor's principal dwelling that is created by this Security Instrument. This Security
<br />Northcott Company
<br />Nebraska Deed Of Trust Initials
<br />NEI302S01064C000000000000002E0000002Fn2 101996 Bankers Svstems. Inc._ St. riniA MN
<br />
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