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i96601.Z0Z
<br />After Recording, Mail To:
<br />ITM LLC
<br />PO Box 22965
<br />Lincoln NE 68542-2965
<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made as of March 9th, 2021, by and among Lake Mac Properties,
<br />LLC, a Nebraska limited liability Company, whose mailing address is 2 0 Conner Drive, Ogallala, NE
<br />69153 (collectively, "Trustor"), David W. Rasmussen, a member of the Nebraska State Bar Association,
<br />whose mailing address is 121 S. 13th Street, Suite 800, Lincoln, Nebraska 68508 (the "Trustee"), and ITM
<br />LLC, a Nebraska Limited Liability Company, whose address is PO Box 22965, Lincoln NE 68542-2965
<br />(the "Lender").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />Trustor and the trust created herein, the receipt of which is hereby acknowledged, Trustor hereby
<br />irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for
<br />the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the
<br />real property legally described on Exhibit A, attached hereto and incorporated herein by this reference,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues and
<br />profits, reversions and remainders thereof, and such personal property that is attached to the
<br />improvements so as to constitute a fixture, all of which, including replacements and additions thereto, is
<br />hereby declared to be a part of the real estate secured by the lien of this Deed of Trust, and all of the
<br />foregoing being referred to herein as the "Property".
<br />This Deed of Trust shall secure: (a) the payment of all principal, interest and other indebtedness
<br />and obligations owed to Lender by Trustor, as evidenced by that certain Promissory Note of even date
<br />herewith, in the original principal amount of $60,000, executed by Trustor in favor of Lender, and any and
<br />all modifications, extensions, replacements, substitutions and renewals thereto (the "Note"), and all
<br />documents and instruments executed and delivered pursuant thereto or contemplated thereunder
<br />including, without limitation, this Deed of Trust, and all security agreements, financing statements,
<br />assignments, guarantees and any and all modifications, extensions, replacements, substitutions and
<br />renewals thereof or thereto (all of which, together with the Note, are collectively referred to herein as the
<br />"Loan Documents"); (b) the payment of other sums advanced by Lender to protect the security of the
<br />Loan Documents; (c) the performance of all covenants and agreements of Trustor set forth herein; and
<br />(d) all present and future indebtedness and obligations owed to Lender by Trustor, whether direct,
<br />indirect, absolute or contingent, and whether arising by note, guaranty, overdraft or otherwise.
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