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<br />WHEN RECORDED MAIL TO:
<br />Wells Fargo Bank, National Association O 0 4 u 0
<br />Attn: Collateral Processing - Rep III
<br />730 2nd Avenue South, Suite 1000
<br />Minneapolis, MN 55479 FOR RECORDER'S USE ONLY
<br />IIIIIII�IIIIIIIIIIII ` �°
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $89,572.91.
<br />THIS DEED OF TRUST is dated March 2, 2004, among L & P Investments, L.L.C., a Nebraska Limited Liability
<br />Company, whose address is 429 Industrial Lane, Grand Island, NE 68803; ( "Trustor "); Wells Fargo Bank,
<br />National Association, whose address is Grand Island - Main, 304 W. 3rd Street, Grand Island, NE 68801
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Wells Fargo Financial National
<br />Bank, whose address is c/o Minneapolis Loan Ops Center, 730 2nd Avenue, South Suite 1000, Minneapolis,
<br />MN 55479 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in Hall
<br />County, State of Nebraska:
<br />Lot Ten (10), Block One (1), Sothman's Subdivision, to the City of Grand Island Hall County, Nebraska
<br />Lots Eleven (11), Twelve (12), Thirteen (13) and Fourteen (14), excepting the West One Hundred Thirty
<br />Feet (W130') of Lot Fourteen (14) and the West One Hundred Thirty Feet (W130') of the South 19.88 Feet
<br />of Lot Thirteen 0 3►, Lambert's Subdivision in the City of Grand Island, Hall County, Nebraska
<br />The Real Property or its address is commonly known as 1016 S Greenwich Avenue and Lamberts'
<br />Subdivision, Grand Island, NE 68801. The Real Property tax identification number is 400092336, 400059800
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor or any one or more of them,
<br />whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise,
<br />whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether
<br />recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable. If the Lender is required to give notice of the right to cancel
<br />under Truth in Lending in connection with any additional loans, extensions of credit and other liabilities or obligations of Trustor to Lender,
<br />then this Deed of Trust shall not secure additional loans or obligations unless and until such notice is given.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
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