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DEED OF TRUST
<br />This DEED OF TRUST is made as of January 8, 2003 by and among the Truster, Lutheran High School
<br />Association of Central Nebraska, Inc., whose mailing address for purposes of this Deed of Trust is 3900 West
<br />Husker Highway Grand Island, Nebraska 68803, (herein, "Truster ", whether one or more), the Trustee, AREND R.
<br />HAACK, Attorney at Law, a member of the Nebraska State But 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
<br />68802 -1009 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />Lutheran High School Association of Central Nebraska, Inc. (herein "Borrower ", whether one or more), and the
<br />trust herein created, the receipt of which is hereby acknowledged, Trustor hereby irrevocable grants, transfers,
<br />conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of the Lender,
<br />under and subject to the terms and conditions hereinafter set forth, legally described as follows:
<br />THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER (SWl /4 SWl /4) OF
<br />SECTION TWENTY -FIVE (25), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10),
<br />WEST OF THE 6- P.M., HALL COUNTY, NEBRASKA EXCEPT THAT TRACT DEEDED
<br />TO THE COUNTY OF HALL, STATE OF NEBRASKA, AS RECORDED IN BOOK 137, AT
<br />PAGE 495 OF THE DEED RECORDS OF HALL COUNTY, NEBRASKA; AND EXCEPT
<br />THAT TRACT DEEDED TO MARVIN LAUTENSCHLAGER AND VIOLET
<br />LAUTENSCHLAGER AS RECORDED IN BOOK 144, AT PAGE 109 OF THE DEED
<br />RECORDS OF HALL COUNTY, NEBRASKA; AND EXCEPT THOSE TRACTS DEEDED TO
<br />WILLIE J. VOGELTANZ AND MILDRED R. VOGELTANZ, HUSBAND AND WIFE AS
<br />RECORDED IN BOOK 168 AT PAGE 117, AND IN BOOK 171, AT PAGE 215 OF THE
<br />DEED RECORDS OF HALL COUNTY, NEBRASKA.
<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, if
<br />any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is
<br />hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br />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 January 8, 2003, having a maturity date of February 1, 2021, in the original principal amount of
<br />Five Hundred Twenty Four Thousand Six Hundred Eighty One and 52/100 Dollars ($524,681.52), and any and all
<br />modifications, extensions and renewals thereof or thereto and any and all future advances and re- advances to
<br />Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit agree-
<br />ments (herein called "Note "); (b) the payment of other sums advanced by Lender to protect the security of the Note;
<br />(c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future
<br />indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect,
<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust
<br />and any and all other documents that secure the Note or otherwise executed in connection therewith, including
<br />without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to herein as
<br />the "Loan Instruments ".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />I. 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 Truster is subject.
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<br />DEED OF TRUST
<br />This DEED OF TRUST is made as of January 8, 2003 by and among the Truster, Lutheran High School
<br />Association of Central Nebraska, Inc., whose mailing address for purposes of this Deed of Trust is 3900 West
<br />Husker Highway Grand Island, Nebraska 68803, (herein, "Truster ", whether one or more), the Trustee, AREND R.
<br />HAACK, Attorney at Law, a member of the Nebraska State But 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
<br />68802 -1009 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />Lutheran High School Association of Central Nebraska, Inc. (herein "Borrower ", whether one or more), and the
<br />trust herein created, the receipt of which is hereby acknowledged, Trustor hereby irrevocable grants, transfers,
<br />conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of the Lender,
<br />under and subject to the terms and conditions hereinafter set forth, legally described as follows:
<br />THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER (SWl /4 SWl /4) OF
<br />SECTION TWENTY -FIVE (25), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10),
<br />WEST OF THE 6- P.M., HALL COUNTY, NEBRASKA EXCEPT THAT TRACT DEEDED
<br />TO THE COUNTY OF HALL, STATE OF NEBRASKA, AS RECORDED IN BOOK 137, AT
<br />PAGE 495 OF THE DEED RECORDS OF HALL COUNTY, NEBRASKA; AND EXCEPT
<br />THAT TRACT DEEDED TO MARVIN LAUTENSCHLAGER AND VIOLET
<br />LAUTENSCHLAGER AS RECORDED IN BOOK 144, AT PAGE 109 OF THE DEED
<br />RECORDS OF HALL COUNTY, NEBRASKA; AND EXCEPT THOSE TRACTS DEEDED TO
<br />WILLIE J. VOGELTANZ AND MILDRED R. VOGELTANZ, HUSBAND AND WIFE AS
<br />RECORDED IN BOOK 168 AT PAGE 117, AND IN BOOK 171, AT PAGE 215 OF THE
<br />DEED RECORDS OF HALL COUNTY, NEBRASKA.
<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, if
<br />any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is
<br />hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br />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 January 8, 2003, having a maturity date of February 1, 2021, in the original principal amount of
<br />Five Hundred Twenty Four Thousand Six Hundred Eighty One and 52/100 Dollars ($524,681.52), and any and all
<br />modifications, extensions and renewals thereof or thereto and any and all future advances and re- advances to
<br />Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit agree-
<br />ments (herein called "Note "); (b) the payment of other sums advanced by Lender to protect the security of the Note;
<br />(c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future
<br />indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect,
<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust
<br />and any and all other documents that secure the Note or otherwise executed in connection therewith, including
<br />without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to herein as
<br />the "Loan Instruments ".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />I. 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 Truster is subject.
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