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<br />WHEN RECORDED MAIL TO:
<br />Minneapolis Loan Ops Center
<br />Attn: Collateral Processing - Rep III
<br />730 2nd Ave. South Suite 1000
<br />Minneapolis. MN 55479 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST \13\
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $300,000.00. '-
<br />THIS DEED OF TRUST is dated May 1, 2002, among Overland Trails Council of Boy Scouts of America, Inc.
<br />aka Overland Trails Council, Boy Scouts of America, a Nebraska Non - Profit Corporation, whose address is 807
<br />N. Boggs, Grand Island, NE 68803; ( "Trustor "); Wells Fargo Bank Nebraska, National Association, whose
<br />address is Grand Island -Main, 304 W 3rd St, Grand Island, NE 68801 (referred to below sometimes as
<br />"Lender" and sometimes as "Beneficiary "); and Wells Fargo Bank Nebraska, N.A., whose address is 1919
<br />Douglas Street, Omaha, NE 68102 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in Hall
<br />County, State of Nebraska:
<br />Lot Twelve (12) and the Easterly One Hundred Forty Eight (El 48') feet of Lot Eleven (11), in Block One(1)
<br />in Dickey's Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska EXCEPTING tracts
<br />of land more particularly described in Document No. 79- 004933 and Document No. 82- 000620.
<br />The Real Property or its address is commonly known as 2808 O'Flannigan St, Grand Island, NE 68803. The
<br />Real Property tax identification number is 400040514
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership
<br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe
<br />that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
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