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200305169
<br />NEBRASKA
<br />SECOND DEED OF TRUST
<br />(HBA Loan)
<br />This Second Deed of Trust (this "Second Deed ofTrust" ), is made as of April 25, 2003 by and
<br />among JENNIFER R ACKETT, A SINGLE. PERSON ( "Truster "), whose mailing address is 3032 W
<br />COLLEGE ST GRAND ISLAND, NF, 68803 ;COMMERCIAL FEDERAL BANK, A FEDERAL.
<br />SAVINGS BANK. ("Itustee"), whose mailing address is 450 Regency Parkway, Omaha, Nehraska; and
<br />Nebraska Investment Finance Authority (`Beneficiary"), whose mailing address is 200 Commerce Court,
<br />1230 O Street, Lincoln, Nebraska, 68508 -1402.
<br />FOR VALUABLE CONSIDERATION, Truster irrevocably transfers, conveys and assigns to
<br />Trustee, IN IRUS'1', WITII POWER OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Second Deed of Trust, the real property, legally de scribed on
<br />Exhibit A attached hereto and incorporated herein by reference (the "Property "): and
<br />TOGETI IFR WITH, all rents, profits, royalties, income and other benefits denvcd from the
<br />Property (collectively, the "rents "), all leases or subleases covering the Property or any portion thereof now
<br />or hereafter existing nr entered into, and all right, title and interest of Truster thereunder, all right, title and
<br />interest of Truster 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 Trustor now has or may hereafter acquire in the
<br />Property, all casements, rights-of way, tenements, hereditaments and appurtenances thereof and thereto, all
<br />water rights, all right, title and interest of Truster, now owned or hereafter acquired, in and to any land,
<br />lying within the right-of way of any street or highway adjoining the Property, and any and all alleys and
<br />strips and gores of land adjacent to or used in connection with the Property, and any and all buildings,
<br />fixtures acrd improvements now or hereafter erected thereon (the "Improvements "), and all the estate,
<br />interest, right, title or any claim or demand which Truster now has or may hereafter acquire in the Property,
<br />and any and all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu
<br />thereof, of the whole or any pan of the Trust Estate, including without limitation any awards resulting from
<br />a change of grade of streets and awards for swcmnce damages.
<br />The Property and the entire estate and interest conveyed to the I rustee are referred to collectively
<br />as the "I'nhst Estate''.
<br />For the Purpose of Securing:
<br />A, Payment of indebtedness evidenced by any promissory note of Truster in favor of
<br />Beneficiary; and
<br />B. Payment of all sums advanced by Beneficiary to protect the Lima Estate, with interest thereon
<br />at the rate of sixteen percent (16 %) per annum.
<br />The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness."
<br />This Second Deed of'I'cast, any promissory note of Truster in favor of Beneficiary and any other
<br />instrument given to evidence or Further secure the payment and performance of any obligation secured
<br />hereby are referred to collectively as the "Loan Instruments ".
<br />Truster covenants that O'Imstor holds title to the Trust Estate and has lawful authority to
<br />encumber the Trust Estate, (it) the rest Estate is free and clear of all liens and encumbrances except for
<br />casements, restrictions and covenants of record and the Deed of Trust from Truster encumbering the
<br />Property dated on or about the date hereof (the "First Deed of Trust "), and (iii) the Trustor will defend the
<br />Trust Estate against the lawful claims of any person.
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