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(This instrument also constitutes a real estate mortgage upon certain easement rights of Central
<br />Community College Facilities Corporation and a security agreement under the Nebraska Uniform
<br />Commercial Code with respect to certain property of said Corporation which constitutes fixtures and
<br />is to be filed as a Uniform Commercial Code Financing Statement in the real estate records of Hall
<br />County, Nebraska. This instrument also constitutes a Construction Security Agreement as defined in
<br />the Nebraska Construction Lien Act, Sections 52 -125 to 52 -159, R.R.S. Neb. 1998, as amended, and
<br />secures an obligation of the Central Community College Facilities Corporation incurred for the
<br />purpose of making improvements of the real estate described herein.)
<br />THIS TRUST INDENTURE AND SECURITY AGREEMENT, made and entered into as of the
<br />first day of March, 2003, by and between CENTRAL COMMUNITY COLLEGE FACILITIES
<br />CORPORATION, a not- for -profit corporation organized and existing under the laws of the State of Nebraska
<br />(hereinafter sometimes referred to as "Lessor" and sometimes as `Corporation "), and WELLS FARGO
<br />BANK NEBRASKA, NATIONAL ASSOCIATION, a national banking association duly organized and
<br />existing under the laws of the United States of America and authorized to accept, administer and execute
<br />trusts of the character herein set out, with its principal office and post office address in Lincoln, Nebraska, as
<br />Trustee (hereinafter sometimes referred to as the "Trustee ").
<br />WITNESSETH:
<br />WHEREAS, the Corporation, as Lessor, has entered into a Lease - Purchase Agreement, also dated as
<br />of March 1, 2003, with Central Community College Area, in the State of Nebraska (hereinafter sometimes
<br />referred to as the "College "), as Lessee, under which the Corporation has leased to the College the Project as
<br />defined in Article I hereof and described in greater detail on Exhibit "A" hereto attached;
<br />WHEREAS, in order to obtain funds for the construction and acquisition of the Project, it is
<br />necessary for the Corporation to issue its Building Bonds (Grand Island Administrative Addition Project),
<br />Series 2003 in the aggregate principal amount of Two Million Six Hundred Thousand Dollars ($2,600,000),
<br />said Bonds to be paid out of and secured by a pledge of the rentals to become due under said Lease - Purchase
<br />Agreement and the Trustee has agreed to act as Trustee under this Trust Indenture and Security Agreement
<br />for the holders of the Bonds issued as hereinafter provided;
<br />WHEREAS, this Toast Indenture and Security Agreement shall also constitute a real estate mortgage
<br />upon the interest of the Corporation in the real estate described in Exhibit "A" attached hereto for the purpose
<br />of securing the Bonds herein authorized;
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<br />(This instrument also constitutes a real estate mortgage upon certain easement rights of Central
<br />Community College Facilities Corporation and a security agreement under the Nebraska Uniform
<br />Commercial Code with respect to certain property of said Corporation which constitutes fixtures and
<br />is to be filed as a Uniform Commercial Code Financing Statement in the real estate records of Hall
<br />County, Nebraska. This instrument also constitutes a Construction Security Agreement as defined in
<br />the Nebraska Construction Lien Act, Sections 52 -125 to 52 -159, R.R.S. Neb. 1998, as amended, and
<br />secures an obligation of the Central Community College Facilities Corporation incurred for the
<br />purpose of making improvements of the real estate described herein.)
<br />THIS TRUST INDENTURE AND SECURITY AGREEMENT, made and entered into as of the
<br />first day of March, 2003, by and between CENTRAL COMMUNITY COLLEGE FACILITIES
<br />CORPORATION, a not- for -profit corporation organized and existing under the laws of the State of Nebraska
<br />(hereinafter sometimes referred to as "Lessor" and sometimes as `Corporation "), and WELLS FARGO
<br />BANK NEBRASKA, NATIONAL ASSOCIATION, a national banking association duly organized and
<br />existing under the laws of the United States of America and authorized to accept, administer and execute
<br />trusts of the character herein set out, with its principal office and post office address in Lincoln, Nebraska, as
<br />Trustee (hereinafter sometimes referred to as the "Trustee ").
<br />WITNESSETH:
<br />WHEREAS, the Corporation, as Lessor, has entered into a Lease - Purchase Agreement, also dated as
<br />of March 1, 2003, with Central Community College Area, in the State of Nebraska (hereinafter sometimes
<br />referred to as the "College "), as Lessee, under which the Corporation has leased to the College the Project as
<br />defined in Article I hereof and described in greater detail on Exhibit "A" hereto attached;
<br />WHEREAS, in order to obtain funds for the construction and acquisition of the Project, it is
<br />necessary for the Corporation to issue its Building Bonds (Grand Island Administrative Addition Project),
<br />Series 2003 in the aggregate principal amount of Two Million Six Hundred Thousand Dollars ($2,600,000),
<br />said Bonds to be paid out of and secured by a pledge of the rentals to become due under said Lease - Purchase
<br />Agreement and the Trustee has agreed to act as Trustee under this Trust Indenture and Security Agreement
<br />for the holders of the Bonds issued as hereinafter provided;
<br />WHEREAS, this Toast Indenture and Security Agreement shall also constitute a real estate mortgage
<br />upon the interest of the Corporation in the real estate described in Exhibit "A" attached hereto for the purpose
<br />of securing the Bonds herein authorized;
<br />
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