200105234 - Laserfiche WebLink

Browse

200105234 C. Trustee may consult with counsel of its own choosing and the advice of such counsel shall be full and complete authorization and protection in the respect of any action taken or suffered by it hereunder in good faith and reliance thereon; and d. Trustee shall not be liable for any action taken by it in good faith and reasonably believed by it to be authorized or within its discretion or rights or powers conferred upon it by this Deed of Trust. 28. Security Agreement and Fixture Filing. From the date of its recording, this Deed of Trust shall constitute a security agreement and fixture filing under the provisions of the Nebraska Uniform Commercial Code with respect to those fixtures described in the preambles hereof as constituting a part of the Trust Property, together with all other property of Trustor, either similar or dissimilar to the same, now or hereafter located at or on the Trust Property. For this purpose, the following information is set forth: C e Name and Address of Debtor/Trustee Global Industries, Inc. 2928 East Highway 30 Grand Island, NE 68801 b. Name and Address of Secured Party /Beneficiary Debtor's Social Security Number/ d Federal Taxpayer I.D. Number: 47- 0800196 The name of the record owner of the Mortgaged Estate is the Debtor/Trustor described above. Wells Fargo Bank Nebraska, National Association 1919 Douglas Street Omaha, NE 68102 This document covers goods which are or are to become fixtures. 29. Future Advances. Upon request of Trustor and prior to full reconveyance of the Trust Property by Trustee to Trustor, Beneficiary, at Beneficiary's option, may make future advances to Trustor. Such future advances, with interest thereon, shall be secured by this Deed of Trust. At no time shall the principal amount of the Obligations secured by this Deed of Trust, not including sums advanced to protect the security, exceed the total sum of $15,000,000.00. Nothing herein contained shall imply any obligation on the part of the Beneficiary to make any such additional advances. Advances of disbursements made by Beneficiary to protect the security under the terms hereof, while discretionary, shall not be deemed to be optional advances. 30. Reconveyance. Upon payment of all Obligations secured by this Deed of Trust, Beneficiary shall request Trustee to reconvey the Trust Property and shall surrender this Deed of Trust and all notes evidencing Obligations secured by this Deed of Trust to Trustee. Trustee shall reconvey the Trust Property without warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any. DOGS 146876.8 1582098 Grand Island Page 12 of 15