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<br />Nebraska
<br />Second Deed of)fast
<br />(1IBA Loan)
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<br />200301381
<br />Nebraska
<br />Second Deed of)fast
<br />(1IBA Loan)
<br />This Second Deed of] mst (this "Second Deed ofTmst "), is made as of 141/2003, Rick L Nasal, a single person, by and among and ,
<br />("Trustor"), whose mailing address is 2406 N Lafayede Ave, Grand Island. Nebraska 68803 and Commercial federal Bank ("Trustee")
<br />mailing address is 13220 California St Omaha, NE 68154
<br />Nebraska; and Nebraska Investment finance Authority ( "Ilencllciary'), whose mailing address is 200 Commerce Conn, 12300
<br />Street, Lincoln, Nebraska 68508 -1402.
<br />for Valuable Consideration, Trustor irrevocably Irons &n, conveys and assigns to Trustee, IN TRUST, WITH POWER Of SALE,
<br />for the benefit and security or Beneficiary. under and subject to the terms and conditions ofthe Second Decd ofTmsl, the real propenN
<br />legally described on Exhibit A attached hereto and incorporated herein by reference (the "Property "); and
<br />FoGFi'I IEft WED I, all cents, profits, royalties, income and other benefits derived from The Property (collectively, the "rents'), all
<br />leases or subleases covering the Propeny or any portion thereof now or hereafter existing or entered into, and all right, title and interest of
<br />Truster thereunder, all right, title and interest of Toaster in and to any greater estate in the Property owned or hereafter acquired, all interests,
<br />estate or other claims, both in law and in equity, which Tmstor now has or may hereafter acquire in the Property, and any and all buildings,
<br />fixtures and improvements now or heceafter erected thereon (the "Improvements"), and all the estate, interest, right, title or any claim or
<br />demand which Tmstor now has or may hcradt er acquire, in the Properly, and any and all awards made for the taking by eminent domain. or
<br />by any proceeding or purchase in lieu there o1; of the whole or any pan of the Trust Estate, including without limitation any awards resulting
<br />from a change of grade of streets and awards for severance damages
<br />The Property and the entire estate and interest conveyed to the l ounce are referred to cal lectirely as the "Trust Estate".
<br />For the Purpose of Securing:
<br />A. Payarenl of indebtedness evidenced by any promissory note of Tms'lor in favor of Ileneliciary; and
<br />B. Payment of all sums advanccI by Ilenclici ary to protect the eI rust Estate, with interest mention at the rate of sixteen percent
<br />(16%) per annum.
<br />The indebtedness described in paragraphs A and B above is referred to as'tire "Indeluedness"
<br />'lbe Second Deed of Tmst, any ourrissnry nom of'I roster in favor of Beneficiary and uny other instrument given to evidence or
<br />further secure the payment and performance in any ohligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />'I mstor covenants that (I) Tmstor holds title to the lost Estate and has lawful authority to ene unber the Trust Estate. (it) the Trust
<br />Estate is free and clear of all liens and cncmn hranecs except hit easements, restrictions aml covenunts of record and the Deed of Trust from
<br />Truster encumbering the Property dated on or about the date hereof (the "First Deed of Trust "), and (lit) Truster will defend the Trust Estate
<br />against the lawful claims army person.
<br />To Protect the Security of this Second heed of Taut
<br />1. Payment ofirdeb(eriness. Truslor shall pay when due the principal or, and the interest on, the indebtedness and all other sums
<br />as provided in the Loan Instruments.
<br />2. Truces. Tmstor shall pay each installment of i lI taxes and special asscssnwnm ofevery kind, nom or hereafter against the Trust
<br />Estate or any pan thereof, before deltnqucncy, without notice or demand.
<br />3. Insurance and Repairs. Truster shall maintain fire and extended Coverage insurance insuring the Improvements constituting pan
<br />ofthe Trust Estate for such amounts and on such terms rc :uonobly su ,fitoory to Beneficiary. So long as (lie Property is secured by a first
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