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<br /> NEBRASKA ��� SQ
<br /> SECONO OEFO OF TRUST
<br /> (HBA Loan)
<br /> This Second Deed of Trust (this 'Second Deed of Trust"), is made as o( Nov. 5th, 1999, by and amon�
<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 j NE
<br /> Commercial Federal Bank ("Trustee") , whose mailinfl address isp0 Box 1 1 03
<br /> Omaha NE �6 81 01 -1 1 0 3� Nebraska; and Nebraska Investment Finance Authority
<br /> ("Beneficiary"), whose maiiing address is 200 Commerce Court, 1230 O Street, Lincoln, Nebraska 68508-1402.
<br /> FOR VALUABLE CONSIDERATION, Trustor i�revocably transfers,conveys and assigns to Trustee, IN TRUST,WITH POWER
<br /> OF SALE, ior the benefit and security of Beneticiary, under and subject to the terms and conditions of this Second Deed of Trust,
<br /> the real property, lepatly 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 the Property or any portion thereof now or hereafter existinp or entered into, and all right, title and
<br /> interest of Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in the Property owned or hereafter
<br /> acquired, all interests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the
<br /> Property, all easements, righis-of-way, tenements, hereditaments and appurtenances thereof and thereto, alI water rights, all right,
<br /> tiile and interest of Trustor, now owned or hereafter acquired, in and to any land, lying within the right-of-way of any street or
<br /> highway adjoining ihe Property, and any and all alleys and strips and gores of land adjacent to or used in connection with the
<br /> Property, and any and all bui�dings, tixtures and improvements now or hereafter erected thereon (the "Improvements"), and all the
<br /> estate, interesi, riflht, titte or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any and
<br /> alI awards made for the taking by emineni domain, or by any proceeding or purchase in lieu thereof, of the whole or any 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 Property and the entire esiate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate".
<br /> For the Purpose of Secur(ng:
<br /> A. Payment ot indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and
<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°�6) per annum.
<br /> The indebtedness described in paraflraphs A and B above is referred to as the "Indebtedness."
<br /> This Second Deed of Trusi, any promissory note of Trustor in favor of Beneficiary and any other instrument given to
<br /> evidence or turther secure the payment and perfo�mance of any obligation secured hereby are refer�ed to collectively as the 'Loan
<br /> Instruments'.
<br /> Trustor covenants that (iJ Trustor holds title to the Trust Estate and has lawful authority to encumber [he 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 defend the Trust Estate apainst the lawful Claims of any person.
<br /> To Protect tlia Security of tt�is Second Daed of Trust:
<br /> 1. Payment ot/ndebtadness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness and
<br /> all other sums as provided in the Loan Instruments.
<br /> t NIFA 2/96
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