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VOW, THEREFORE, for the purpose of securing:
<br />(a) payment of the Note, together with interest thereon, late
<br />charges, prepayment penalties, premiums or fees, default
<br />fees, any future advances, and -all extensions,
<br />modifications, substitutions and renewals thereof;
<br />(b) payment of all other sums, fees or charges, together with
<br />interest thereon, advanced to protect the security of
<br />this Deed of Trust or the property secured hereby and the
<br />performance.of the covenants and agreements of Trustor,
<br />whether or not set forth herein;
<br />(c) performance, discharge of and compliance with every term,
<br />covenant, obligation and agreement of Trustor contained
<br />herein or incorporated by reference or.any other security
<br />instrument, document or agreement at time given to secure
<br />the Note, including, but not limited" to, those
<br />instruments hereinafter collectively referred to as the
<br />"Related Loan Instruments "; and
<br />(d) repayment of all other sums or future advances, with
<br />interest thereon, which may heretofore have been or
<br />hereafter be advanced by Beneficiary to Trustor or
<br />Trustor's successor in interest or title;
<br />all of which is hereinafter collectively referred to as the
<br />"Obligations ", Trustor irrevocably grants, transfers and conveys to
<br />Trustee, in trust, WITH POWER OF SALE, the following described Land
<br />and Buildings, Personal Property, Rents and Revenues, Condemnation
<br />Awards and Insurance Proceeds (hereinafter collectively referred to
<br />L_ as the "Trust Property "):
<br />(a) Land and Buildings. This Deed of Trust covers all
<br />D:1L ANDOC \HEALTH. DOT
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<br />89. - 101934
<br />F
<br />DEED OF TRUST
<br />t
<br />THIS DEED OF TRUST is made this day of April, 1989, by
<br />and among Grand Island FIea.Ith Care, Inc., a Nebraska corporation
<br />(hereinafter referred to, ash•. 41, -rustor ") , Spence Title Services, Inc.
<br />(hereinafter referred to J: - tes "),.4 d_American Federal
<br />Savng€s s saai?a± = :iowaQ A -federally chartered savings
<br />i and Loan A
<br />and 7izarr association (;lsr; "aoethet with its successors .:anti
<br />a=ligns, referred to iary ") .
<br />WITNESSETH:
<br />WHEREAS, Trustor ;.'justly indebted to Beneficiary for the
<br />Orincipal sum of one-:rir M ion two hundred fifty thousand dollars
<br />..:` {' 1, 254 -, 000.00) , whir %'indebtedness and interest the nggn is
<br />}�.
<br />i .:eV1 ended by Trustoiv."ra'.` promissory Note, dated April 14 1989,
<br />�i erer i fter refdrrdd to as the "Note"); and
<br />WHEREAS, G34d Note regmires installments of principal and
<br />interest in order to satisfy`.said indebtedness with the final
<br />payment of the balance of the,indebtedness, if not sooner paid, due
<br />and payable on May 1, 1999; and
<br />WHEREAS, Beneficiary, at its option and in its sole
<br />discretion, may make any advances to Trustor or its sugcz -sors and
<br />-s
<br />ime before the release and
<br />assigns, for any purpose and at anytime
<br />surrender of this Deed of Trust, in amounts and upon t2 and
<br />conditions mutually agreed upon at the time of any advance, but at
<br />no time shall the principal amount of the indebtedness by virtue of
<br />the original Note and additional adva ces exceed the sum of
<br />one million two hundred fifty thousand dollars ($I, Z50,000-00),
<br />provided that nothing herein contained includes or s'liall be
<br />considered to limit suns advanced to protect covenants, promises
<br />and agreements contair:sd in this Deed of Trust;
<br />VOW, THEREFORE, for the purpose of securing:
<br />(a) payment of the Note, together with interest thereon, late
<br />charges, prepayment penalties, premiums or fees, default
<br />fees, any future advances, and -all extensions,
<br />modifications, substitutions and renewals thereof;
<br />(b) payment of all other sums, fees or charges, together with
<br />interest thereon, advanced to protect the security of
<br />this Deed of Trust or the property secured hereby and the
<br />performance.of the covenants and agreements of Trustor,
<br />whether or not set forth herein;
<br />(c) performance, discharge of and compliance with every term,
<br />covenant, obligation and agreement of Trustor contained
<br />herein or incorporated by reference or.any other security
<br />instrument, document or agreement at time given to secure
<br />the Note, including, but not limited" to, those
<br />instruments hereinafter collectively referred to as the
<br />"Related Loan Instruments "; and
<br />(d) repayment of all other sums or future advances, with
<br />interest thereon, which may heretofore have been or
<br />hereafter be advanced by Beneficiary to Trustor or
<br />Trustor's successor in interest or title;
<br />all of which is hereinafter collectively referred to as the
<br />"Obligations ", Trustor irrevocably grants, transfers and conveys to
<br />Trustee, in trust, WITH POWER OF SALE, the following described Land
<br />and Buildings, Personal Property, Rents and Revenues, Condemnation
<br />Awards and Insurance Proceeds (hereinafter collectively referred to
<br />L_ as the "Trust Property "):
<br />(a) Land and Buildings. This Deed of Trust covers all
<br />D:1L ANDOC \HEALTH. DOT
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