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200008622 MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT THIS MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (the "Instrument ") is dated effective as of September 27, 2000, among GRAND ISLAND STERLING HOUSE, L.L.C., a limited liability company organized and existing under the laws of Kansas whose address is 706 North Lindenwood Drive, Olathe, Kansas 66062, as grantor, (" Borrower "), to FIRST AMERICAN TITLE INSURANCE COMPANY, whose address is 13924 Gold Circle, Omaha, Nebraska 68144, as trustee ( "Trustee "), for the benefit of MIDLAND MORTGAGE INVESTMENT CORPORATION, a corporation organized and existing under the laws of Florida, whose address is 33 North Garden Avenue, Suite 1200, Clearwater, Florida 33755, as beneficiary ( "Lender "). Borrower, in consideration of the Indebtedness and the trust created by this Instrument, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the Mortgaged Property, including the Land located in Hall County, State of Nebraska and described in Exhibit A attached to this Instrument. TO SECURE TO LENDER the repayment of the Indebtedness evidenced by Borrower's Multifamily Note payable to Lender dated as of the date of this Instrument, and maturing on October 1, 2001, in the principal amount of $1,912,500, and all renewals, extensions and modifications of the Indebtedness, and the performance of the covenants and agreements of Borrower contained in the Loan Documents. Borrower represents and warrants that Borrower is lawfully seized of the Mortgaged Property and has the right, power and authority to mortgage, grant, convey and assign the Mortgaged Property,xind that the Mortgaged Property is unencumbered. Borrower covenants that Borrower will warrant and defend generally the title to the Mortgaged Property against all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy issued to Lender contemporaneously with the execution and recordation of this Instrument and insuring Lender's interest in the Mortgaged Property. Covenants. Borrower and Lender covenant and agree as follows: 1. DEFINITIONS. The following terms, when used in this Instrument (including when used in the above recitals), shall have the following meanings: FANNIE MAE MULTIFAMILY SECURITY INSTRUMENT - Form 4028 4/98 Page I NEBRASKA