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99100060
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Last modified
3/13/2012 11:28:04 AM
Creation date
10/20/2005 9:57:45 PM
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DEEDS
Inst Number
99100060
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. _:� _ <br /> ., .�,—.,�+.x:_;�n'' �...�.._.___..�.,n...w,:,.�:_�_�t�` -.r,...e�-- ---� <br /> ., .... ,._. <br /> ., ° --. _– . <br /> . * ��, . ;=� –•-�-- _—_ <br /> 99- 1o�oso <br /> (d) The Collateral will be kept on or maintained at the <br /> Property �r at Grantor's pr.�incipal place of business and Grantor <br /> will not remove the Collat�ral from ttne Proper.ty witl7out the prinr <br /> written consent of Heneficiary, except �uch portions or items of <br /> Collateral whic:h are consumed or worn out in ordinary usage, all aP <br /> which shall be promptly replaced by Gxantor. � <br /> (e) At the request ot Beneficiary, Grantor will join <br /> Heneficiary in executing on� or more financing statements and <br /> renewale and amendments and continuations thereoP pursuant tu the <br /> Uniform Commercial Code of Nebraska in farm sa�ic�fact4ry to <br /> Benefiaa.ary and will pay th.e aost of filing the same in a11 public <br /> offices wherever filing is dee=ned by Beneficiary to be necessaxy or <br /> des irable. <br /> (f) All covenants and obligations of Grantor contained <br /> herein relating to the Premise� shall be deemed to apply to the <br /> Collateral whether or not expressly referred to herein. <br /> (g) This Deed constitutes a Security Agreement• as that <br /> term is used in the Unifornt �ommercial Code of �3ebraska. <br /> 2. 3 Fi�ina under UCC. <br /> (a) This Deed is intended to be a financing statement <br /> within the meaning of Section 9-402(6) of the Uniform Commercial <br /> Code in effect in the State of Nebraska and this Deed covers goods <br /> which are or may became f ixtures on thA property. This Deed is <br /> also to be indexed in the Index of Financing Statemen�s to be filed <br /> in iiie Oi�ice af °�cor�l°r ^f tl?p �ounty in which the Property is <br /> loaated. <br /> (b) For purposes of filing under the Nebraska Uniform <br /> Commercial Code, the address of Grantor as Debtor and Beneficiaxy <br /> as Secured Party are as fo llows : <br /> DEBTOR: Toukan Properties, L.L.C. <br /> 1808 South Locust Street, <br /> Grand Island, Nebraska 68801 <br /> SECURED NationsBank, N.A. <br /> PARTY: 600 Peachtree Street, N.E. <br /> 19th Floor-Plaza <br /> Atlanta, Georgia 30308 <br /> Attn: Commercial Loan <br /> Administration <br /> ARTICLE III. <br /> REMEDI ES UPON DEFAi1LT <br /> 3 .1 Events of Default, Any of the following events sl�all be <br /> deemed an event of default her�under: <br /> _ (a) Any default uz�der the terms of the Ground Lease or <br /> _ should the Ground Lease be cancelled or otherwise terminated; or <br /> � (b) Any amendment , modifica�ion, alteration or change to <br /> � the terms, covenan'�s or conditions of the Ground LeasE without the <br />-,� prior written consent of Beneficiary; or <br />=: (c) Default shall be made in the paymenti of any <br /> v installment of principal or interest or any other sum secured <br />�� w..v..►,.. ..,�e„ ,��,a ana such def ault i� not cured within ten (10) aays <br />_ „�,.,,.,_ .._._.. ___ __. <br /> after written notice thereo� from Beneficiary to Grantor; or <br /> (d) Grantor or any guarantor of the Secured Indebtedness <br /> shall f ile a voluntary petition in bankruptcy or shall be <br /> adjudicated a bankrupt or insolvent, or shall f.ile any petition or <br /> -14- <br /> � <br /> I <br /> � <br /> '� <br /> � <br /> I _ _ <br />
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