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Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />M
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is January 2, 2004. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />RSI, INC.
<br />A Nebraska Corporation
<br />211 W 2nd St
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />1451 North Webb Road
<br />Grand Island, Nebraska 68803
<br />47- 0343902
<br />1. SMALL BUSINESS ADMINISTRATION. The Secured Debts secured by this lien were made under a United
<br />States Small Business Administration (SBA) nationwide program which uses tax dollars to assist small business
<br />owners. If the United States is seeking to enforce this Security Instrument, then under SBA regulations:
<br />A. When SBA is the holder of the Note, this Security Instrument and all documents evidencing or securing
<br />the Secured Debts will be construed in accordance with federal law.
<br />B. Lender or SBA may use local or state procedures for purposes such as filing papers, recording documents,
<br />giving notice, foreclosing liens, and other purposes. By using these procedures, SBA does not waive any
<br />federal immunity from local or state control, penalty, tax or liability. No Borrower or Guarantor may claim or
<br />assert against SBA any local or state law to deny any obligation of Borrower, or defeat any claim of SBA
<br />with respect to the Secured Debts.
<br />Any clause in this Security Instrument requiring arbitration is not enforceable when SBA is the holder of the
<br />Note secured by this Security Instrument.
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lots 1, 2, 3, 4, 5, and all of E 1 /2 of Lot 7, and all of Lots 8, 9, 10, all in Block 1 1, in Baker's Addition to the
<br />city of Grand Island, Hall County, Nebraska, and that portion of the vacated alley in Block 1 1, Baker's Addition,
<br />abutting said above - described lots.
<br />S-.
<br />The property is located in Hall County at 2114 W 2nd St, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $730,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />4. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 266831 -100, dated January 2, 2004, from Grantor to Lender, with a
<br />loan amount of $1,258,000.00.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />RSI, Inc.
<br />Nebraska Deed Of Trust Initials __
<br />NEI4XX2 833 30007 04400004 1 6001 9 1 2 3 1 03Y °1996 Bankers Systems, Inc., St. Cloud, MN Page 1
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<br />Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />M
<br />DATE AND PARTIES. The date of this Deed Of Trust (Security Instrument) is January 2, 2004. The parties
<br />and their addresses are:
<br />TRUSTOR (Grantor):
<br />RSI, INC.
<br />A Nebraska Corporation
<br />211 W 2nd St
<br />Grand Island, Nebraska 68803
<br />TRUSTEE:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />a Corporation
<br />2223 Second Ave
<br />PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />BENEFICIARY (Lender):
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />1451 North Webb Road
<br />Grand Island, Nebraska 68803
<br />47- 0343902
<br />1. SMALL BUSINESS ADMINISTRATION. The Secured Debts secured by this lien were made under a United
<br />States Small Business Administration (SBA) nationwide program which uses tax dollars to assist small business
<br />owners. If the United States is seeking to enforce this Security Instrument, then under SBA regulations:
<br />A. When SBA is the holder of the Note, this Security Instrument and all documents evidencing or securing
<br />the Secured Debts will be construed in accordance with federal law.
<br />B. Lender or SBA may use local or state procedures for purposes such as filing papers, recording documents,
<br />giving notice, foreclosing liens, and other purposes. By using these procedures, SBA does not waive any
<br />federal immunity from local or state control, penalty, tax or liability. No Borrower or Guarantor may claim or
<br />assert against SBA any local or state law to deny any obligation of Borrower, or defeat any claim of SBA
<br />with respect to the Secured Debts.
<br />Any clause in this Security Instrument requiring arbitration is not enforceable when SBA is the holder of the
<br />Note secured by this Security Instrument.
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debts and Grantor's performance under this Security Instrument, Grantor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Lender, with power of sale, the following
<br />described property:
<br />Lots 1, 2, 3, 4, 5, and all of E 1 /2 of Lot 7, and all of Lots 8, 9, 10, all in Block 1 1, in Baker's Addition to the
<br />city of Grand Island, Hall County, Nebraska, and that portion of the vacated alley in Block 1 1, Baker's Addition,
<br />abutting said above - described lots.
<br />S-.
<br />The property is located in Hall County at 2114 W 2nd St, Grand Island, Nebraska 68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber,
<br />all diversion payments or third party payments made to crop producers and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the
<br />real estate described (all referred to as Property). This Security Instrument will remain in effect until the
<br />Secured Debts and all underlying agreements have been terminated in writing by Lender.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one
<br />time will not exceed $730,000.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
<br />4. SECURED DEBTS. This Security Instrument will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 266831 -100, dated January 2, 2004, from Grantor to Lender, with a
<br />loan amount of $1,258,000.00.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />RSI, Inc.
<br />Nebraska Deed Of Trust Initials __
<br />NEI4XX2 833 30007 04400004 1 6001 9 1 2 3 1 03Y °1996 Bankers Systems, Inc., St. Cloud, MN Page 1
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