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202105375 <br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements, <br />prior mortgages, prior deeds of trust, prior deeds to secure debt, business loan agreements, construction loan <br />agreements, resolutions, guaranties, environmental agreements, subordination agreements, assignments of leases <br />and rents and any other documents or agreements executed in connection with this Indebtedness and Security <br />Instrument, whether now or hereafter existing, including any modifications, extensions, substitutions or renewals <br />of any of the foregoing. The Related Documents are hereby made a part of this Security Instrument by reference <br />thereto, with the same force and effect as if fully set forth herein. <br />INDEBTEDNESS. This Security Instrument secures the principal amount shown above as may be evidenced by <br />a promissory note or notes of even, prior or subsequent date hereto, including future advances and every other <br />indebtedness of any and every kind now or hereafter owing from Lutheran High School Association of Central <br />Nebraska, Incorporated to Lutheran Church Extension Fund - Missouri Synod, a Missouri nonprofit corporation, <br />howsoever created or arising, whether primary, secondary or contingent, together with any interest or charges <br />provided in or arising out of such indebtedness, as well as the agreements and covenants of this Security <br />Instrument and all Related Documents (hereinafter all referred to as the "Indebtedness"). <br />MATURITY DATE. The Indebtedness, if not paid earlier, shall be due on June 16, 2022. <br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument will secure future advances as <br />if such advances were made on the date of this Security Instrument regardless of the fact that from time to time <br />there may be no balance due under the note and regardless of whether Lender is obligated to make such future <br />advances. <br />WARRANTIES. Grantor, for itself, its heirs, personal representatives, successors, and assigns, represents, <br />warrants, covenants and agrees with Lender, its successors and assigns, as follows: <br />Performance of Obligations. Grantor promises to perform all terms, conditions, and covenants of this <br />Security Instrument and Related Documents in accordance with the terms contained therein. <br />Defense and Title to Property. At the time of execution and delivery of this instrument, Grantor is lawfully <br />seised of the estate hereby conveyed and has the exclusive right to mortgage, grant, convey and assign the <br />Property. Grantor covenants that the Property is unencumbered and free of all liens, except for <br />encumbrances of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and <br />defend generally the title to the Property against any and all claims and demands whatsoever, subject to the <br />easements, restrictions, or other encumbrances of record acceptable to Lender, as may be listed in the <br />schedule of exceptions to coverage in any abstract of title or title insurance policy insuring Lender's interest <br />in the Property. <br />Condition of Property. Grantor promises at all times to preserve and to maintain the Property and every <br />part thereof in good repair, working order, and condition and will from time to time, make all needful and <br />proper repairs so that the value of the Property shall not in any way be impaired. <br />Removal of any Part of the Property. Grantor promises not to remove any part of the Property from its <br />present location, except for replacement, maintenance and relocation in the ordinary course of business. <br />Alterations to the Property. Grantor promises to abstain from the commission of any waste on or in <br />connection with the Property. Further, Grantor shall make no material alterations, additions, or <br />improvements of any type whatsoever to the Property, regardless of whether such alterations, additions, or <br />improvements would increase the value of the Property, nor permit anyone to do so except for tenant <br />improvements and completion of items pursuant to approved plans and specifications, without Lender's prior <br />written consent, which consent may be withheld by Lender in its sole discretion. Grantor will comply with <br />all laws and regulations of all public authorities having jurisdiction over the Property including, without <br />limitation, those relating to the use, occupancy and maintenance thereof and shall upon request promptly <br />submit to Lender evidence of such compliance. <br />Due on Sale - Lender's Consent. Grantor shall not sell, further encumber or otherwise dispose of, except as <br />herein provided, any or all of its interest in any part of or all of the Property without first obtaining the <br />written consent of Lender. If any encumbrance, lien, transfer or sale or agreement for these is created, <br />Lender may declare immediately due and payable, the entire balance of the Indebtedness. <br />® 2004-2020 Compliance Systems, Inc. 4217c3ac-fe6ae71c - 2019.302.1.5 <br />Commercial Real Estate Security Instrument - DL4007 Page 2 of 7 www.compliancesystems.com <br />