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<br /> ` COMMERCIAL LOAN OPERATIONS, DT 3 .
<br /> FIRST NATIONAL BANK OF OMAHA � o �
<br /> 1620 DODGE STREET � p
<br /> OMAHA, NE 68102-1596 T � D rn � � m .n
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<br /> DEED OF TRUST �
<br /> firsf national bank
<br /> of omoha
<br /> THIS DEED OF TRUST, made as of the 31 st day of March , 19�_, between
<br /> Thomas S. Baxter
<br /> as Trustor,FIRST NATIONAL BANK OF OMAHA,Omaha,Nebraska,as Trustee,and FIRST NATIONAL BANK OF OMAHA,Omaha,
<br /> Nebraska,as Beneficiary.
<br /> WITNESSETH :
<br /> That Trustor irrevocably grants, transfers and assigns to Trustee in trust,with power of sale, the following described
<br /> property:
<br /> �- ,;,.�The Southwest Quarter (SW1/4) of Section Nine (S9) , Township Eleven (T11)
<br /> North, Range Ten (R10) West of hte 6th P.M. , Hall County, Nebraska
<br />. i`'.
<br /> also known as
<br /> together with all interest which Trustor now has or may hereafter acquire in and to said property and in and to: (a) all
<br /> easements and rights of way appurtenant thereto; and (b) all buildings, structures, improvements, fixtures, equipment,
<br /> furnishings and appurtenances now or hereafter placed thereon, it being intended and agreed that al� classes of property
<br /> attached or unattached, other than consumable goods, used or to be used in connection with said property, are conclusively
<br /> deemed to be affixed to and to be part of the real property that is conveyed hereby. Trustor agrees to execute and deliver,
<br /> from time to time, such further instruments as may be requested ay Beneficiary to confirm the lien of this Deed of Trust on
<br /> any of the aforementioned property. The property so conveyed to Trustee hereunder is hereinafter referred to as "such
<br /> property."
<br /> The Trustor absolutely and irrevocably grants, transfers and assigns to Beneficiary the rents, income, issues, and
<br /> profits of all property covered by this Deed of Trust.
<br /> FOR THE PURPOSE OF SECURING:
<br /> 1. Payment of the principal sum of**One million and and no/100**********************,t*****
<br /> Dollars ($ 1,000,000.00 ) evidenced by promissory note(s) dated March 31, 1999
<br /> (hereinafter referred to as the "Promissory Note"whether one or more) issued by T & E Cattle Companv
<br /> ("Maker") and payable to the order of Beneficiary, together with interest thereon, late charges, and prepayment bonuses
<br /> according to the terms of the Promissory Note and all renewals, extensions, and modifications thereof.
<br /> 2. Future Advances: It is agreed by Trustor, Trustee and Beneficiary that, in addition to the promissory note obli 'o►�—
<br /> mentione , ' eed of Trust shall secure all further loans or indebtedness owed or to be owed a eneficiary,
<br /> provided that such loans or in e nes be made or accrue on or before , and
<br /> further provided that the maximum amount secur ed ow or at any time hereafter shall not exceed
<br /> Dollars ($ �,
<br /> Beneficiary's obligation to make uture advances or re-advances shall be option ' iciary, and such
<br /> advances or re- ay be made under the provisions hereof to the present or to any future owner of suc
<br /> e fully secured by, and fully subject to all of the covenants, terms, and conditions of, this Deed of Trust.
<br /> 101010-079 REV.BfpB Paps 1 of 5
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