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<br />THIS DEED OF TRUST, is made as of the 1st day of TTT TF XR 2000by and among
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<br />the Trustor, DONALD D MEHRING, DONALD D MEHRIN TRUST—F.F. nF TTNF NANCY A FRWTN TgTTQT. DONALD D
<br />D MEHRING, TRUSTEE OF THE JOHN M MEHRING TRUST•DONALD D MEHRING TRUSTEE OF THE ELIAZABETH
<br />A ERWI
<br />whose mailing address is 1043 S LOCUST ST GRAND ISLAND, NE 68801 (herein "Trustor," whether one or more), b
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<br />the Trustee, OVERLAND NATIONAL BANK OF GRAND ISLAND --
<br />whose mailing address is P 0 BOX 1688 GRAND ISLAND NF 68902 (herein "Trustee "), and
<br />the Beneficiary, OVERLAND NATIONAL BANK OF GRAND ?SLAND
<br />whose mailing address is P 0 BOX 1688 GRAND ISLAND NF ERR Q? — (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to DONALD D MEHRING. DONALD
<br />D MEHRING, TRUSTEE OF THE NANCY A ERWIN TRUST; DONALD D MEHRING, TRUSTEE OF THE JOHN M
<br />MEHRING, TRUSTEE OF THE CHRISTIAN S MEHRING TRUST
<br />(herein "Borrower ", whether one or more) and the trust herein created, the
<br />receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br />property, described as follows:
<br />SEE EXHIBIT "A" ATTACHED HERETO
<br />PROPERTY ADDRESS:
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal
<br />property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment;
<br />and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, including
<br />replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Dead of Trust and all of
<br />the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated JUNE . 9nnn having a maturity date of ''11
<br />-
<br />in the original principal amount of 8 291,223.00 , and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and rendvances to Borrower for any of them if more than one) hereunder pursuant to
<br />one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of other sums advanced by Lender to protect
<br />the security of the Note; (c) the performance of all covenants end agreements of Trustor set forth herein; and (d) all present and future
<br />indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent
<br />and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure
<br />the Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and assignments
<br />of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />Trustor covenants and agrees with Lender as follows:
<br />1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created
<br />hereby is a first and prior lien on the Property, except for liens and encumbrances set forth I., Trustor in writing and delivered to Lender
<br />before execution of this Deed of Trust, and the execution and delivery of this Deed of trust does not violate any contract or other
<br />obligation to which Trustor is subject.
<br />3. Taxes, Assessments. To pay before delinquency all taxes, special assessments and all other charges against the Property now or
<br />hereafter levied.
<br />4. Insurance. To keep the Property insured against damage by fire, hazards, included within the term "extended coverage ", and
<br />such other hazards es Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an additional named
<br />insured, with lose payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and compromise,
<br />all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby
<br />and in such order as Lender may determine, (ii) to the Trustor to be used for the repair or restoration of the Property or (iii) for any other
<br />purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such
<br />payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under
<br />the Note, or cure any default thereunder or hereunder.
<br />5. Escrow. Upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender may designate, sufficient sums
<br />to enable Lender to pay as they become due one or more of the following: (i) all taxes, assessments and other charges against the
<br />Property, (ii) the premiums on the property insurance required hereunder, and MR the premiums on any mortgage insurance required by
<br />Lender.
<br />6. Maintenance, Repairs and Compliance with Laws. Trustor shall keep the Property in good condition and repair; shall promptly
<br />repair, or replace env improvement which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the
<br />Property; shell not remove, demolish or substantially alter any of the improvements on the Property; shall not commit, suffer or permit
<br />any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and 4sall pay and promptly discharge It
<br />Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed againsr q Property or any part thereof.
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<br />THIS DEED OF TRUST, is made as of the 1st day of TTT TF XR 2000by and among
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<br />the Trustor, DONALD D MEHRING, DONALD D MEHRIN TRUST—F.F. nF TTNF NANCY A FRWTN TgTTQT. DONALD D
<br />D MEHRING, TRUSTEE OF THE JOHN M MEHRING TRUST•DONALD D MEHRING TRUSTEE OF THE ELIAZABETH
<br />A ERWI
<br />whose mailing address is 1043 S LOCUST ST GRAND ISLAND, NE 68801 (herein "Trustor," whether one or more), b
<br />I
<br />the Trustee, OVERLAND NATIONAL BANK OF GRAND ISLAND --
<br />whose mailing address is P 0 BOX 1688 GRAND ISLAND NF 68902 (herein "Trustee "), and
<br />the Beneficiary, OVERLAND NATIONAL BANK OF GRAND ?SLAND
<br />whose mailing address is P 0 BOX 1688 GRAND ISLAND NF ERR Q? — (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to DONALD D MEHRING. DONALD
<br />D MEHRING, TRUSTEE OF THE NANCY A ERWIN TRUST; DONALD D MEHRING, TRUSTEE OF THE JOHN M
<br />MEHRING, TRUSTEE OF THE CHRISTIAN S MEHRING TRUST
<br />(herein "Borrower ", whether one or more) and the trust herein created, the
<br />receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br />property, described as follows:
<br />SEE EXHIBIT "A" ATTACHED HERETO
<br />PROPERTY ADDRESS:
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal
<br />property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment;
<br />and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, including
<br />replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Dead of Trust and all of
<br />the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated JUNE . 9nnn having a maturity date of ''11
<br />-
<br />in the original principal amount of 8 291,223.00 , and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and rendvances to Borrower for any of them if more than one) hereunder pursuant to
<br />one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of other sums advanced by Lender to protect
<br />the security of the Note; (c) the performance of all covenants end agreements of Trustor set forth herein; and (d) all present and future
<br />indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent
<br />and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure
<br />the Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and assignments
<br />of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />Trustor covenants and agrees with Lender as follows:
<br />1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created
<br />hereby is a first and prior lien on the Property, except for liens and encumbrances set forth I., Trustor in writing and delivered to Lender
<br />before execution of this Deed of Trust, and the execution and delivery of this Deed of trust does not violate any contract or other
<br />obligation to which Trustor is subject.
<br />3. Taxes, Assessments. To pay before delinquency all taxes, special assessments and all other charges against the Property now or
<br />hereafter levied.
<br />4. Insurance. To keep the Property insured against damage by fire, hazards, included within the term "extended coverage ", and
<br />such other hazards es Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an additional named
<br />insured, with lose payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and compromise,
<br />all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby
<br />and in such order as Lender may determine, (ii) to the Trustor to be used for the repair or restoration of the Property or (iii) for any other
<br />purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such
<br />payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under
<br />the Note, or cure any default thereunder or hereunder.
<br />5. Escrow. Upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender may designate, sufficient sums
<br />to enable Lender to pay as they become due one or more of the following: (i) all taxes, assessments and other charges against the
<br />Property, (ii) the premiums on the property insurance required hereunder, and MR the premiums on any mortgage insurance required by
<br />Lender.
<br />6. Maintenance, Repairs and Compliance with Laws. Trustor shall keep the Property in good condition and repair; shall promptly
<br />repair, or replace env improvement which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the
<br />Property; shell not remove, demolish or substantially alter any of the improvements on the Property; shall not commit, suffer or permit
<br />any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and 4sall pay and promptly discharge It
<br />Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed againsr q Property or any part thereof.
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