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<br /> DEED OF TR�S�" AN S C T� AGREEMENT `��
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<br /> THIS DEED OF TRUST is made this ���'day of June, 1999 by and between ��
<br /> CONTINENTAL VILLAS, LTD, (hereinafter called "Trustor") whose mailing address is
<br /> PO Box 5201, Grand Island, Nebraska 68803, and Old Republic National Title Insurance
<br /> Company, (hereinafter called "Trustee") whose mailing address is c/o Grand Island
<br /> Abstract, Escrow & Title Co., 113 West 2°d Street, Grand Island, Nebraska 68801, and
<br /> THE SECURITY MUTUAL LIFE INSURANCE COMPANY OF LINCOLN,
<br /> NEBRASKA, (hereinafter called "Beneficiary") whose mailing address is Post Office
<br /> Box 82248, Lincoln,Nebraska 68501-2248.
<br /> WITNESSETH:
<br /> WHEREAS, Trustor is indebted to Beneficiary in the principal sum of One Million Nine
<br /> Hundred Fifty T'housand and 00/100 Dollars ($1,950,000.00) which indebtedness is
<br /> evidenced by Trustor's Promissory Note dated of even date herewith (hereinafter called
<br /> the "Note"), payable to the order of Beneficiary and having a maturity date of July 1,
<br /> 2014.
<br /> NOW THEREFORE, for the purpose of securing:
<br /> (a) payment of the Note, together with interest thereon, late charges,
<br /> prepayment penalties, premiums, or fees, default fees, any future
<br /> advances, and all extensions, modifications, substitutions and
<br /> renewals thereof,
<br /> (b) payment of all other sums, fees or charges, together with interest
<br /> thereon, advanced to protect the security of this Deed of Trust or the
<br /> property secured hereby and the performance of the covenants and
<br /> agreements of Trustor, whether or not set forth herein,
<br /> (c) performance, discharge of and compliance with every term,
<br /> covenant, obligation and agreement of Trustor contained herein or
<br /> inco orated b reference or an other securi instrument document
<br /> � Y Y tY �
<br /> or agreement at any time given to secure the Note, and
<br /> (d) repayment of all other sums or future advances, with interest thereon,
<br /> which may heretofore have been or hereafter be advanced by
<br /> Beneficiary to Trustor or Trustor's successor in interest or title,
<br />
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