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<br /> �n �$- 1130'71 �AL ESTATE DEED OF TRUST
<br /> �� (With Future Advance Clause) ����
<br /> �Construction Security Agreement �
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust is .......No,yember..25.�,,1998,,,,.,.... and the parties and their
<br /> addresses are as fallows:
<br /> TRUSTOR: GIII�]T, L.L.C. , A NEBRASKA LIMITID LIABILITY C'ONIPANY
<br /> 704 N. ALPHA ST.
<br /> �ID ISLAI�ID, NE 68803
<br /> Ta�ayer I.D. #: 47-0815047
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors.
<br /> TRUSTEE: �� �F WOOD RIVER
<br /> PO B�OX 487 .
<br /> Vd00D RIVER, NE 68883
<br /> Taxpayer I.D. #: 47-0098350
<br /> BENEFICIARY: �K OF WOOD RIVER dba HE�ITAGE BANK C�AI�ID ISL�I�ID
<br /> Organized and existing under the laws of the state of Nebraska
<br /> P.O. BOX 5138
<br /> GR�ID ISLAI�ID, NE 68802
<br /> Taxpayer I.D. #: 47-0098350
<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br /> secure the Secured Debt (hereafter defined), Trustor inevocably grants, conve;�s and selis tu Tnstee, ir� trus: fc: tih�
<br /> benefit of the Beneficiary, with power of sale, the following described property: THE NORTH 42 FEEI' OF LiOT l, & ALL
<br /> JF T 2, MmICAL PARK FOURTH S[JBDIVISION, CITY OF GRAND ISLAND, NEBRASKA.
<br /> The property is located in ..HAL!L............................................................. at ............................................
<br /> (Counry)
<br /> 704..N•..ALPHA.S:r:.............................. .....Q�AI�ID,ISL�AI�ID.................., Nebraska .....68803..................
<br /> (Address) (Ciry) (ZIP Code)
<br /> Together with a11 rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all
<br /> diversion payments or third party payments made to crop producers, and all existing and future improvements, structures,
<br /> fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all
<br /> referred to as "Property"). The term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br /> reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property,
<br /> however established.
<br /> 3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br /> Deed of Trust at any one time shall not exceed$ 200�000:00,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , �is limitation of amount does
<br /> not include interest, loan charges, commitment fees, brokerage corrunissions, attorneys' fees and other charges validly
<br /> made pursuant to this Deed of Trust and does not apply to advances (or interest accrued on such advances) made under the
<br /> terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br /> Trust. Future advances are contemplated and, along with other future obligations, are secured by this Deed of Trust even
<br /> though all or part may not yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to
<br /> make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate
<br /> writing.
<br /> 4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br /> A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions,
<br /> renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested that
<br /> you include items such as borrowers'names, note amounts, interest rates, maturity dates, ete.)
<br /> NC7I'E DATED 11-25-98 IN TI-� AMOUNT $200,000.00 'PO MA'IURE 6-1-99.
<br /> NEBRASKA-AGRICULTURAL/COMMERCIAL DEED OF TRUST (NOT FOR FNMA,FHLMC,fHA OR VA USE,AND NOT FOR CONSUMER PURPOSES) page 1 of 6
<br /> 01993 Bankers Systems,Inc.,St.Cloud,�N k1�800.�97-23411 Form AG/CO-DT-NE 10/30/97 "� l � � °. ,,
<br /> ' S �'4 . '`� ". �' ��.'L � „ ..
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