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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made on December 2 , 2020. The Trustor is Grand Island
<br />Apartments, LLC, whose address is 701 Turtle Beach, Marquette, NE 68810, hereafter designated
<br />as BORROWER. The Trustee is Steven P. Vinton, Attorney at Law, 416 10th Street, Gothenburg,
<br />Nebraska 69138. The Beneficiary is David L. Larson, Trustee of David L. Larson Revocable
<br />Living Trust dated October 15, 2002 and Catherine M. Larson, Trustee of the Catherine M. Larson
<br />Revocable Living Trust dated October 15, 2002, hereafter designated as LENDER. BORROWER
<br />irrevocably conveys to TRUSTEE, in Trust, with POWER OF SALE, the following:
<br />Lot Sixty-nine (69) in West Heights Addition in the City of Grand Island, Hall County,
<br />Nebraska.
<br />In addition to the real estate described above, Borrower hereby irrevocably conveys to Trustee,
<br />in trust, with power of sale, all improvements, fixtures, fences, buildings and appurtenances,
<br />together with the rents and profits therefrom, subject to easements and restrictions of record, if
<br />any, including all the right, title and interest of Borrower in the following:
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written or
<br />verbal agreements for the use and occupancy of the Property, including but not limited to, any
<br />extensions, renewals, modifications or replacements (Leases).
<br />B. Rents, issues and profits, including but not limited to, security deposits, minimum
<br />rents, percentage rents, additional rents, common area maintenance charges, parking charges,
<br />real estate taxes, other applicable taxes, insurance premium contributions, liquidated damages
<br />following default, cancellation premiums, "loss of rents" insurance, guest receipts, revenues,
<br />royalties, proceeds, bonuses, accounts, contract rights, general intangibles, and all rights and
<br />claims which Borrower may have that in any way pertain to or are on account of the use or
<br />occupancy of the whole or any part of the Property (Rents).
<br />In the event any item listed as Leases or Rents is determined to be personal property, this
<br />Assignment will also be regarded as a security agreement.
<br />Borrower will promptly provide Lender with copies of the Leases and will certify these Leases
<br />are true and correct copies. The existing Leases will be provided on execution of the
<br />Assignment, and all future Leases and any other information with respect to these Leases will be
<br />
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