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M ^ <br />�; <br />= u <br />s m� <br />a U' <br />`��,\ <br />o <br />• � D y � Z � <br />N <br />f1 CA --i rn <br />o <br />p T <br />4W <br />2w <br />1 <br />L s M <br />C7 rn -fl v <br />�• <br />o <br />r <br />When recorded return to: <br />o <br />co <br />TierOne Bank a <br />s <br />Attn: Credit Admin. Department w <br />�► �.�. <br />1235 "N" Street <br />Lincoln, NE 68508 <br />DEED OF TRUST AND SECURITY AGREEMENT <br />Loan No. 01- 10208890h <br />h <br />THIS DEED OF TRUST AND SECURITY AGREEMENT (the "Deed of Trust ") is made this <br />25"' day of February, 2004, among the Trustor, Growth Management Corporation, a Nebraska <br />corporation, and Growth Management Corporation — Nebraska, a Nebraska corporation, (herein <br />"Borrower "), TierOne Bank (herein "Trustee "), and the Beneficiary, TierOne Bank, a corporation <br />C <br />organized and existing under the laws of the United States of America, whose address is 1235 "N" Street, <br />"Lender "). <br />Lincoln, Nebraska 68508 (herein <br />Borrower, in consideration of the indebtedness herein recited and the trust herein created, <br />irrevocably grants, transfers, assigns, and conveys to Trustee, IN TRUST, WITH POWER OF SALE, for <br />the benefit of and security of Lender, under and subject to the terms and conditions hereinafter set forth, the <br />following described real property located in various Counties in the State of Nebraska: <br />(See Exhibit "A" attached hereto and incorporated herein by this reference.) <br />TOGETHER WITH all improvements now or hereafter erected on such property, and all <br />easements, rights, appurtenances, rents (subject, however, to the rights and authorities given herein to <br />Lender to collect and apply such rents), royalties, mineral, oil and gas rights and profits, water, water <br />rights, and water stock, and all fixtures, including, but not limited to, heating and cooling equipment, now <br />or hereafter attached to the property, all of which, including replacements and additions thereto, shall be <br />deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, <br />together with said property, or the leasehold estate if this Deed of Trust is on a leasehold, are herein <br />referred to as the "Property "; <br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's Note Secured <br />by Deed of Trust dated of even date herewith (herein "Note "), in the principal sum of FOUR MILLION <br />SIX HUNDRED TWENTY FIVE THOUSAND AND NO /100 DOLLARS ($4,625,000.00) (the <br />"Principal ") with Interest (as defined in the Note) thereon, providing for monthly Installments of Principal <br />and Interest, with the balance of the indebtedness, if not sooner paid, due and payable on March 1, 2013 <br />(the "Maturity Date "); the payment of all sums, with interest thereon, advanced in accordance herewith to <br />protect the real and personal property covered by this Deed of Trust; and the performance of the covenants <br />and agreements of Borrower herein contained or contained in the Note or any other document executed by <br />Borrower in connection with the indebtedness secured hereby (jointly, the "Loan Documents "). <br />Borrower covenants to Lender and Trustee that Borrower is lawfully seized of the estate hereby <br />conveyed and has the right to grant and convey the Property, that the Property is unencumbered, and that <br />Borrower will warrant and defend generally the title to the Property against all claims and demands, subject <br />to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title <br />insurance policy insuring Lender's interest in the Property and otherwise reasonably acceptable to Lender. <br />Borrower and Lender covenant and agree as follows: <br />1. PAYMENT OF PRINCIPAL AND INTEREST. Borrower shall promptly pay when due the <br />Principal of and Interest on the indebtedness evidenced by the Note, and all prepayment and late charges as <br />provided in the Note or in this Deed of Trust. <br />2. FUNDS FOR TAXES AND INSURANCE. Subject to applicable law or to a written waiver <br />by Lender, Borrower shall pay to Lender on each Due Date under the Note, until the Note is paid in full, a <br />sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments which may attain priority <br />over this Deed of Trust, and ground rents on the Property, if any, plus one - twelfth of yearly premium <br />4gS.Sb <br />