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<br />2UU3U9665
<br />DEED OF TRUST
<br />This DEED OF TRUST is made as of July 25, 2003 by and among the Trustor, VISIONCOMM
<br />VENDING, INC., whose mailing address for purposes of this Deed of Trust is ,PO BOX 968 GRAND ISLAND, NE
<br />68802 -0968, (herein, "Trustor ", whether one or more), the Trustee, AREND R. BAACK, Attorney at Law, a member
<br />of the Nebraska State Bar Association, whose mailing address is P. O. Box 790, Grand Island, NE 68802 -0790
<br />(herein "Trustee "), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND
<br />ISLAND, whose mailing address is P. O. Box 1009, Grand Island, NE 68802 -1009 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />VISIONCOMM VENDING, INC. (herein "Borrower ", whether one or more), and the trust herein created, the
<br />receipt of which is hereby acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of the Lender, under and subject to the
<br />terms and conditions hereinafter set forth, legally described as follows:
<br />Lots Thirty (30) and Thirty-One (31), Bosselman Second Subdivision, an Addition to the City of
<br />Grand Island, Hall County, Nebraska
<br />Lots One (1), Two (2), Three (3), and Four (4), Woodland Fourth Subdivision in the City of Grand
<br />Island, 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
<br />Construction Line of Credit Draw Note dated July 25, 2003 in the original principal amount of Eight Hundred Thirty
<br />Two Thousand Four Hundred Seventy Five and 42/100 Dollars ($832,475.42) and having a maturity date of October
<br />1, 2013; and any and all modifications, extensions and renewals thereof or thereto and any and all future advances
<br />and re- advances to Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes
<br />or credit agreements (herein called "Note "); (b) the payment of other sums advanced by Lender to protect the
<br />security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all
<br />present and future indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether
<br />direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this
<br />Deed of Trust and any and all other documents that secure the Note or otherwise executed in connection therewith,
<br />including without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to
<br />herein as the "Loan Instruments ".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />1. Payment 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 Trustor is subject.
<br />3. Taxes, Assessments. To pay before delinquent all taxes, special assessments and all other charges
<br />against the Property now or hereafter levied.
<br />4. Insurance. To keep the Property insured against damage by fire hazards included with the term
<br />"extended coverage" and such other hazards as Lender may require in amounts and with companies acceptable to
<br />Lender, naming Lender as an additional named insured with loss payable to the Lender. In case of loss under such
<br />policies, the Lender is authorized to adjust, collect and compromise all claims thereunder and shall have the option
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