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<br /> NEBRASKA o
<br /> SECOND OEED OF TRUST
<br /> (HBA I�an)
<br /> This Second Deed of Trust (this "Second Deed of Trust"), is made as of Nov. 5th, 19�, by and among
<br /> Raymond Ramirez, a single man & Helen White, a single woman as joint tenants
<br /> ("Trustor"), whose mailing address is 1 505 East 7th Street, Grand Island� NE
<br /> Commercial Federal Bank l"Trustee^) , whose mailinp address isp0 Box 1 1 03
<br /> Omaha NE �681 01 -1 1 03• Nebraska; and Nebraska Investme�t Finance Authority
<br /> ("eeneficiary"), whose mailing address is Z00 Commerce Court, 1230 O Street, Lincoln, Nebraska 68508-1402.
<br /> FOR VALUABIE CONSIDERATION, Trustor irrevocably transfers,conveys and assigns to Trustee, IN TRUST,WITH POWER
<br /> OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Second Deed of Trust,
<br /> the real property, lepa�ly described on Exhibit A attached hereto and incorporated herein by reference (the "Property"); and
<br /> TOGETHER WITH,all rents, profits, royalties,income and other benefits derived from the Property(collectively, the"rents"),
<br /> all leases or subleases covering ihe Property or any po�tion thereof now or hereafter existinp or entered into, and all right, title and
<br /> interest of Trustor thereunder, all right, tiile and interest of Trustor in and to any greater estate in the Property owned or hereafter
<br /> acquired, all interesis, estate or other claims, both i� law and in equity, which Trustor now has or may hereafter acquire in the
<br /> Property, all easements, rights-of-way, tenements, hereditaments and appurtenances thereof and thereto, all water rights, all right,
<br /> tiile and interest of Trustor, now owned or hereafter acquired, in and to any land, tying within the right-of-way of any street or
<br /> highway adjoining ihe Properiy, and any a�d all alleys and strips and gores of land adjacent to or used in connection with the
<br /> Property, and any and all buildings, fixtures and improvements now or hereafter erected thereon (the 'Improvements"), and all the
<br /> estate, interest, riflht, title or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any and
<br /> all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or a�y part of
<br /> the Trust Estate, including without limitation any awards resulting from a change of grade of streets and awards for severance
<br /> damages.
<br /> The P�operty and the entire esiate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate".
<br /> For tha Purpose of Sacurinc�:
<br /> A. Payment o( indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; a�d
<br /> B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of
<br /> sixteen percent (16°h) per annum.
<br /> The indebtedness described in paraflraphs A and B above is refer�ed to as the "Indebtedness."
<br /> This Second Deed of Trust, any promissory note of Trustor in favor of Beneflciary and any other instrument given to
<br /> evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br /> Instruments'.
<br /> Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawfu� authority to encumber the Trust Estate,
<br /> (ii) the Trust Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenants of record and
<br /> the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the "First Deed ot Trust"), and
<br /> (iii) Trustor will detend the Trust Estate apainst the lawful claims of any person.
<br /> To Protect tlie Sacurlty of ttils Second Deed of Trust:
<br /> 1. Paymeni ot/ndebtedness. Trustor shall pay when due the principal o(, and the interest on, the Indebtedness and
<br /> all other sums as provided in the Loan Instruments.
<br /> 1 NIFA 2/96
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