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<br /> DEED OF TRUST �is �
<br /> THIS DEED OF TRUST is made as of 19th day of May, 1999, by and among PROffutt Limited
<br /> �G
<br /> Partnership, a Minnesota limited partnership ("Trustor"), whose mailing address is 1600 Radisson
<br /> Tower, 201 Sth Street North, Fargo, North Dakota 58104, and Old Republic National Title Insurance
<br /> Company ("Trustee"), whose address is 113 West 2nd Street, Grand Island, Nebraska 68801, and Ag
<br /> Capital Company, a Delaware Corporation ("Beneficiary"), whose address is 1500 Radisson Tower, 201
<br /> Sth Street, Fargo,North Dakota 58102.
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN
<br /> TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the
<br /> terms and conditions of this Deed of Trust, and a certain "Ag Capital Company Loan Agreement" dated
<br /> February 1, 1999, the real propeMy located in the City of Grand Island, County of Hall, State of
<br /> Nebraska, and described as follows(the "Properly"):
<br /> Lot One(1), Westgate Seventh Subdivision, in the City of Grand Island, Hall County,Nebraska,
<br /> TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in adjoining roads,
<br /> streets and alleys, improvements and buildings of any kind situated thereon and all personal property that
<br /> may be or hereafter become an integral part of such buildings and improvements, and all water rights.
<br /> The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the
<br /> "Trust Estate.".
<br /> THIS DEED OF TRUST IS FOR THE PURPOSE OF SECURING:
<br /> A. Payment of indebtedness in a total principal amount not to exceed Four Hundred Forty Thousand
<br /> Dollars($440,000.00),with interest thereon, as evidenced by those certain promissory notes dated March
<br /> 6, 1995 and May 19, 1999, (the "Notes"), executed by Trustor, which has been delivered and is payable
<br /> to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all
<br /> modifications,extensions, and renewals thereof, and
<br /> B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the
<br /> rate set forth in the Notes.
<br /> This Deed of Trust, the Notes,the Ag Capital Company Loan Agreement and any other instrument given
<br /> to evidence or further secure the payment and performance of any obligation secured hereby are referred
<br /> to collectively as the "Loan Instruments".
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