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.� ^ S ' ,`. � '- � � � A 'm^ m c n > mn v " � rn f1 S N �. � � . • co . c0 c-a cn � .,. t� o -� � � � C� � V � � � � rn � y r'�'�� 0 1 y � N o � � � � Z . 1--+� . it�4t�82 � ° �� -� n m �� 99 a � � D -�. � � � � � D � DEED OF TRUST WITH FUTURE ADVANCE � u; � � � THIS DEED OF TRUST, is made ea of the 15TH day of Apri l �g 99 , by and among the Trustor, SKAGNAY DISCOUNT DECARTMENT STORES, INC. � ,� whose mailing address is 620 WEST STATE ST GRAND I SLAND NE 68802-1647 (herein "Trustor," whether one or more), the Trustee, AREND R BAACK whose mailing address is P 0 BOX 790 GRAND ISLAND NE 68802 (herein "Trustee"), and the Beneficiary, THF OVFRI 1N� WATIf111AI a�ur nF saaun tsi aun whose mailing eddress is P 0 BOX 1688 GRAND ISLAND NE 68802 (herein "Lender"1. FOR VALUABLE CONSIDERATION, includi�g Lender's extension of credit identified herein to SKAG4IAY DISCOUNTY DEPARTMENT STORES, INC. (herein "Borrower", whether one or more) and the trust herein created, the receipt of which is hereby acknowledged,Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real property, described es follows: SEE ATTACHED EXHIBIT "A" PROPERTY ADDRESS: 620 NEST STATE S1 GRAND 1SLAND NE 68802-1647 Together witn all buildings, improvaments, fixtures, streets, elleys, passageways, easements, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating end cooling equipment; and together with the homestead or marital interests, if a�y, which interests are hereby released and waived; all of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being referred to herein as the "Property". This Deed of Trust shall secure(a)the payment of the principal sum and interest evidenced by e promissory note or credit agreement dated Apri l 15, 1999 ,having a maturity date of December 01. 2014 in the original principal amount of S 2.500.000.00 , and any and all modifications, extensions and renewals thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note"1; (b) the payment of other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower (or any of them if more than onel to Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure the Note or otherwise executed in con�ectio� therewith, including without limitation guarantees, security egreements and assignments of leases and rents, shall be referred to herein as the "Loan Instruments". Trustor covenants and egrees with Lender as follows: 1. Payment of Indebtednesa. All indebtedness secured hereby shall be paid when due. 2. Title. Trustor is the owne� of the Property, hes the right end authority to convey the Property, and warrants that the lien creeted hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by Trustor in writing and delivered to Lender before execution of this Deed of Trust, e�d the execution and delivery of this Deed of trust does not violate any contract or other obligation to which Trustor is subject. 3.Taxee, Assessments. To pay before delinquency all taxes, specia) assessments and all other charges against the Property now or hereafter levied. 4. Insurance. To keep the Property insured against damage by fire, hazards, included within the term "extended coverage", and such other hazards as Lender may require, in amounts and with companies acceptabie to Lender, naming Lender as an additions! named insured, with loss payable to the Le�der. In case of loss under such policies, the Lender is authorized to adjust, collect and compromise, all claims thereunder and shall have the option of epplying al) or part of the insurance proceeds (i) to any indebtedness secured hereby and in such order as Lender may determine, Iii) to the Trustor to be used for the repair or restoration of the Property or (iii) for any other purpose or object satisfactory to Lender without aftecting the lien of this Deed of Trust for the full amount secured hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder. 5. Escrow. Upon written demand by Lender, Trustor shall pay to Lender, in such manner as Lender may designate, sufficient sums to enable Lender to pay as they become due one or more of the following: (i) all taxes, assessments and other charges against the Property, (ii) the premiums on the property insurance required hereunder, and (iii) the premiums on any mortgage insurance required by Lender. 8. Maintenance, Repairs and Compliance with Lawa. Trustor shall keep the Property in good condition and repair; shall promptly repair, or replace any improvement which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the Property; shall not remove, demolish or substantially alter any of the improvements on the Property; shall not commit, suffer or permit any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall pay and promptly discharge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Property or any part thereof.