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<br /> , _ �'" CO�TBTAIICTIO�T BELURITY IlOAISII�si'1' 1411D _
<br />-.� , -
<br /> TR�BT DL�ED qITB aUTDRE 11D1i'AHG�B �
<br />;•. � .. , -�_
<br />� �� THIS CONSTRUCTInN �ECURYTY AGRE�MENT AND TRUST DE�D WITH
<br /> � FUTURE ADVANC�S (t.he WTrus� uesa�') . ie raade thir '�o-f� day of . -
<br />� � November, 1994, by and amonq BFtESLIN GRAI�DD I3LAND ASSOCIATES, a
<br /> Nebraska general parrtnershi�, whosa addrese is 500 Old Country
<br /> Road, Garden City, New York 11530 ("'Trus�or"') , and NA.mION,�L HANK _
<br /> • • � OF CONII�fEItCE TRUST AND SJIVINGS ASSOCYATION, a National banking
<br /> `; � association, whose address is P.O. Box 82408, Lincoln, Ndbraska
<br />" • 6850�.-2409 ("'Trustee"' and "Beneficiary"').
<br /> �
<br /> � "„ PREMISES
<br /> „ �--
<br /> • � WHEREAS, pursuant to the torms and conditione of the -
<br /> � Building Loan Agreement clated November 30 , 1994, by and between r�_
<br />� � � " Trustor and Heneficiary (the "Loan Agraement") , Beneficiary ha� k. --
<br /> agreed to lcan to Trustor (the "�orrowAr"') in immodiately ; -.
<br /> � � availabl8 funds the sum of up to FIVE MILLION DOLLARS AND
<br /> NO/100THS ($5,000,000.00) (the "'Principal Amount") ; and �-�_
<br /> F•
<br /> ,,.
<br /> WHER�14s, Trustor has agreed to transfer the Trust Estate �
<br /> ' , (defined below) to Trustee in trust to sacure zns Cii�Iigd�iviin -
<br /> . � (dePinefl below) in accordance with the terms and conditions �et _
<br /> �� forth herein.
<br /> . {',
<br /> NOW, THEREFORE, in consideration of the foregoing and other :�--
<br /> good and valuable consideration, including the indebtedness !`_"
<br /> identifi�d above and the trus� created herein, the receipt and �
<br /> �. adequacy of. which are hereby acknowledged, and intending to be ,�
<br /> , legally bound, Trustor irrevocably GRANT$, BARGAINS, SELLS, •��•�
<br /> TRAN3FERS, CONVEYS anci ASSIGNS to Trustee, IN TRUST, WITH POWER �r�,;,-_
<br />' ' OF SALE, for the benefit and sQCUrity of Beneficiary, under and K,�:.
<br />- � ;�:� � subject to the �erma and conditions of this Trust Deed, certain •z�-
<br /> � _ _ real prvperty ganerally located at Hiqhway 281 & 13th StreEt, �"_
<br /> '� • Grand Island, Nebraska, and more particularly described on ";.�
<br /> � ' Exhibit "A"' attached here�o and incorporated herein by tFzir �
<br /> reference (the "prope:ty"') ,
<br /> � " " TOGETHER WITH the following, whether exi.sting now or
<br /> .. hereafter entered into or acquired by Trustor:
<br /> �p (a) a11 future rents, profits, royalties, issues, ` �`'.
<br /> avails, income and other benefits deriv�d from the Proporty or
<br /> ;, ` any portion tliereof, including, without limitation, all security
<br /> daposit� or advance rent paid to, or held by or for Trustar (the
<br /> NRenta"') , including but not limited to th� rents derived from the ,
<br /> � " Leases described on Exhibit "By a�tached hereto and incorporated I
<br /> ' � herein by this reference, and all proceeds from Insuranc�; I
<br /> ' , (b) all exi�sting and future lcaasos or subleases and �
<br /> - occupancy agreements covering the Property or any portion �
<br /> ; � �
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