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<br />This Deed of Trust is made this 16th day of October, 2000, by 3 -D INVESTMENT, INC., A
<br />Nebraska Corporation, TRUSTOR, whose address is P.O. Box J, Doniphan, NE 68832.
<br />BENEFICIARY: TRUSTEE:
<br />Richard H. Warman Michael E. Sullivan
<br />9341 A Street Burlington Center Suite 305
<br />Lincoln, NE 68520 747 North Burlington Avenue
<br />P.O. Box 43
<br />Hastings, NE 68902
<br />WITNESSETH:
<br />1. Conveyance. The Trustor hereby conveys, sells and warrants to the Trustee, in trust,
<br />with power of sale, the following described real estate:
<br />Lot One (1), 3 -D Ammunition Subdivision to the Village of Doniphan, Hall County,
<br />Nebraska;
<br />The East one -third (1/3) of Lot Six (6), Block Six (6), Original Village of Doniphan, Hall
<br />County, Nebraska;
<br />Commencing at a point Twenty -five (25) feet West from the Southeast corner of Lot Six
<br />(6), in Block Six (6), of the Village of Doniphan, Hall County, Nebraska, running thence
<br />North One Hundred Forty -two (142) feet, thence West Twenty -five (25) feet along the
<br />alley, thence South One Hundred Forty -two (142) feet, thence East Twenty -five (25) feet
<br />to the place of beginning, the same being the middle one -third (1/3) of Lot Six (6);
<br />Lot Two (2), Doniphan Railroad 3rd Subdivision, Doniphan, Hall County, Nebraska; and
<br />The South Sixty (60) feet of Lots Five (5) and Six (6), in Block One (1), Original Village
<br />of Doniphan, Nebraska;
<br />the intention being to convey hereby an absolute title in fee simple, together with all buildings, fixtures,
<br />improvements and appurtenances thereunto belonging.
<br />The Trustor covenants and agrees with the said Trustee and Beneficiary that it is lawfully
<br />seized of said premises; that Trustor has good, right and lawful authority to sell and convey said
<br />premises; that said premises are free and clear of all liens and encumbrances; and that Trustor will
<br />warrant and defend title to said premises unto the Trustee and its successors and assigns forever against
<br />the claims of all persons.
<br />2. Trustor's Primary Obligation: For the purpose of securing performance of each
<br />agreement of Trustor herein contained and the payment of Two Hundred Thousand Dollars
<br />($200,000.00), upon the terms set forth in two written Promissory Notes bearing the dates of June 27,
<br />2000 and August 7, 2000.
<br />3. Trustor's Secondary Rights and Duties: While title is vested in Trustee and until filing
<br />of Notice of Default, the Trustor shall:
<br />A. Retain possession of the premises and collect the rents and revenues therefrom.
<br />B. Maintain the buildings and improvements located thereon in good condition and
<br />repair and shall not remove or sell the same without the written consent of the
<br />beneficiary which shall not be unreasonably withheld.
<br />C. Procure and maintain policies of insurance against the usual hazards of fire, hail..
<br />windstorm and other similar risks, in sums and underwritten by companies
<br />acceptable to the Beneficiary, with loss payable to the parties as their interests
<br />may appear, and deliver copies of such policies to said Beneficiary. Said
<br />insurance policies shall be in an amount of not less than the balance due on any
<br />promissory note or notes secured hereby, and shall name the Beneficiary as an
<br />additional insured thereunder.
<br />D. Pay all taxes and assessments against the above - described real estate prior to
<br />delinquency.
<br />Page 1 of 4
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<br />DEED OF TRUST
<br />This Deed of Trust is made this 16th day of October, 2000, by 3 -D INVESTMENT, INC., A
<br />Nebraska Corporation, TRUSTOR, whose address is P.O. Box J, Doniphan, NE 68832.
<br />BENEFICIARY: TRUSTEE:
<br />Richard H. Warman Michael E. Sullivan
<br />9341 A Street Burlington Center Suite 305
<br />Lincoln, NE 68520 747 North Burlington Avenue
<br />P.O. Box 43
<br />Hastings, NE 68902
<br />WITNESSETH:
<br />1. Conveyance. The Trustor hereby conveys, sells and warrants to the Trustee, in trust,
<br />with power of sale, the following described real estate:
<br />Lot One (1), 3 -D Ammunition Subdivision to the Village of Doniphan, Hall County,
<br />Nebraska;
<br />The East one -third (1/3) of Lot Six (6), Block Six (6), Original Village of Doniphan, Hall
<br />County, Nebraska;
<br />Commencing at a point Twenty -five (25) feet West from the Southeast corner of Lot Six
<br />(6), in Block Six (6), of the Village of Doniphan, Hall County, Nebraska, running thence
<br />North One Hundred Forty -two (142) feet, thence West Twenty -five (25) feet along the
<br />alley, thence South One Hundred Forty -two (142) feet, thence East Twenty -five (25) feet
<br />to the place of beginning, the same being the middle one -third (1/3) of Lot Six (6);
<br />Lot Two (2), Doniphan Railroad 3rd Subdivision, Doniphan, Hall County, Nebraska; and
<br />The South Sixty (60) feet of Lots Five (5) and Six (6), in Block One (1), Original Village
<br />of Doniphan, Nebraska;
<br />the intention being to convey hereby an absolute title in fee simple, together with all buildings, fixtures,
<br />improvements and appurtenances thereunto belonging.
<br />The Trustor covenants and agrees with the said Trustee and Beneficiary that it is lawfully
<br />seized of said premises; that Trustor has good, right and lawful authority to sell and convey said
<br />premises; that said premises are free and clear of all liens and encumbrances; and that Trustor will
<br />warrant and defend title to said premises unto the Trustee and its successors and assigns forever against
<br />the claims of all persons.
<br />2. Trustor's Primary Obligation: For the purpose of securing performance of each
<br />agreement of Trustor herein contained and the payment of Two Hundred Thousand Dollars
<br />($200,000.00), upon the terms set forth in two written Promissory Notes bearing the dates of June 27,
<br />2000 and August 7, 2000.
<br />3. Trustor's Secondary Rights and Duties: While title is vested in Trustee and until filing
<br />of Notice of Default, the Trustor shall:
<br />A. Retain possession of the premises and collect the rents and revenues therefrom.
<br />B. Maintain the buildings and improvements located thereon in good condition and
<br />repair and shall not remove or sell the same without the written consent of the
<br />beneficiary which shall not be unreasonably withheld.
<br />C. Procure and maintain policies of insurance against the usual hazards of fire, hail..
<br />windstorm and other similar risks, in sums and underwritten by companies
<br />acceptable to the Beneficiary, with loss payable to the parties as their interests
<br />may appear, and deliver copies of such policies to said Beneficiary. Said
<br />insurance policies shall be in an amount of not less than the balance due on any
<br />promissory note or notes secured hereby, and shall name the Beneficiary as an
<br />additional insured thereunder.
<br />D. Pay all taxes and assessments against the above - described real estate prior to
<br />delinquency.
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