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<br /> DEED OF TRUST
<br /> This DEED OF TRUST is made as of the 22nd day of December, 1999,by and among the Trustor,
<br /> O'CONNOR ENTERPRISES INC., whose mailing address for purposes of this Deed of Trust is P.O. BOX 139,
<br /> GRAND ISLAND, NEBRASKA, 68802-0139 (herein, °Trustor", whether one or more), the Trustee, AREND R. C� (�
<br /> BAACK, Attorney at Law, a member of the Nebraska State Bar Association, whose mailing address is P. O. ��� �
<br /> Box 790, Grand Island, NE 68802-0790 (herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS `
<br /> AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing address is P. O. Box 1009, Grand Island, NE I�
<br /> 68802-1009 (herein"Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br /> (herein "Borrower", whether one or more), and the trust herein created, the receipt of which is hereby
<br /> acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of the Lender, under and subject to the terms and conditions
<br /> hereinafter set forth, legally described as follows:
<br /> FRACTIONAL LOT 5, IN FRACTIONAL BLOCK 46, IN PACKER AND BARR'S 2'�
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND THE
<br /> SOUTH 'h OF VACATED CLARENCE STREET
<br /> together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br /> remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture,
<br /> including,but not limited to, heating and cooling equipment and together with the homestead or marital interests,
<br /> if�ny, which interests are hereby released and waived, all of which, including replacements and additions thereto,
<br /> is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing
<br /> being referred to herein as the "Property".
<br /> This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Deed of
<br /> Trust Note dated DECEMBER 22, 1999, ha�ing a maturity date of JANUARY 1, 2010, in the ariginal principal
<br /> amount of SIXTY-THREE THOUSAND AND NO/100 Dollars ($63,000.00), and any and all modifications,
<br /> extensions and renewals thereof or thereto and any and all future advances and re-advances to Borrower(or any of
<br /> them if more than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called
<br /> "Note"); (b)the payment of other sums advanced by Lender to protect the security of the Note; (c)the performance
<br /> of all covenants and agreements of Trustor set forth herein; and (d) all present and future indebtedness and
<br /> obligations of Borrower(or any of them if more than one)to Lender whether direct, indirect, absolute or contingent
<br /> and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other
<br /> documents that secure the Note or otherwise executed in connection therewith, including without limitation
<br /> guarantees, security agreements and assignments of leases and rents, shall be referred to herein as the °Loan
<br /> Instruments".
<br /> TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br /> 1. Pavment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br /> 2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property and
<br /> warrants that the lien created hereby is a first and prior lien on the Property and the execution and delivery of the
<br /> Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
<br /> 3. Taxes, Assessments. To pay befare delinquent all taxes, special assessments and all other charges
<br /> against the Property now or hereafter levied.
<br /> 4. Insurance. To keep the Property insured against damage by fire hazards included with the term
<br /> "extended coverage" and such other hazards as Lender may require in amounts and with companies acceptable to
<br /> Lender, naming Lender as an additional named insured with loss payable to the Lender. In case of loss under such
<br /> policies, the Lender is authorized to adjust, collect and compromise all claims thereunder and shall have the option
<br /> of applying all or part of the insurance proceeds(i)to any indebtedness secured hereby and in such order as Lender
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