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<br />When recorded return to CN
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<br />TlerOnc Bank
<br />r n Va
<br />Attr: Commercial Lending Admin_
<br />1235 "N Street o ° m
<br />Lincoln, NF. 68508 `' o
<br />DEED OF TRUST AND SECURITY AGREEMENT
<br />Loan No. 01- 10176952
<br />THIS DEED OF TRUST AND SECURITY AGREEMENT (the "Deed of Foust") is made this
<br />13th day of May, 2002, among the Truster, OMAHA PAPER STOCK COMPANY, INC., a Nebraska
<br />corporation (herein "Borrowc, "), TierOne Bank (herein "Trustee "). and the Beneficiary, TierOne Bank,
<br />a corporation organized and existing under the laws of the United States of America, whose address is 1235 °
<br />"N" Street Lincoln, Nebraska 68508 (herein "Lender ")_
<br />Borrower_ in consideration of the indebtedness herein recited and the trust herein created,
<br />irrevocably grants, translcrs. assigns, and conveys to Trustee, IN TRUST, WITH POWER OF SALE, for
<br />the benefit of and security of Lender, under and subject to the terms and conditions hereinafter set forth, the
<br />following described real property located in the Counties of Douglas and Hall, State of Nebraska_
<br />(Sec Exhibit "A" attached hereto and incorporated herein by this reference,)
<br />which has the address of 1401 Laird Street, Omaha, Nebraska and 1215 East Highway 30, Urand Island,
<br />Nebraska (herein "Property Address");
<br />TOGETHER WITH all improvements now or hereafter erected on such property, and all
<br />easements, rights, appurtenances, rents (subject, howccer, to the rights and authorities given herein to
<br />Lender to collect and apply such runts)_ royalties, mineral, oil and gas rights and profits, water, water
<br />rights, and water stock, and all fixtures, including, but not limited to, heating and cooling equipment, now
<br />or hereafter attached to the propertv, all of which, including replacements and additions thereto, shall be
<br />deemed to he and renhain a part of the property covered by this Deed of Trust; and all of the foregoing,
<br />together with said property,. or the leasehold estate if this Deed of Trust is on a leasehold, are herein
<br />referred to as the "Property ",
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's Note Secured
<br />by Decd of Trust dated of cvcn date herewith (herein "Note') in the principal Sum of FOUR HUNDRED
<br />THIRTY FIVE THOUSAND AND NO /100 DOLLARS ($435,000.00) (the Principal ") with Interest
<br />(as defined in the Note) thereon, providing for monthly Installments of Principal mid Interest, with the
<br />balance of the indebtedness. if not sooner paid, due and payable on June 1, 2012 (the "Maturity Date'): the
<br />paynwnt of all sums, onli interest thereon, advanced in accordance herewith to protect the real and
<br />personal property covered by this Decd of Trust, and the pedia nanee of the covenants and agreements of
<br />Borrower herein contained or contained in the Note or any other document executed by Borrower in
<br />connection with the indebtedness secured hereby (jointly, the "Loan Documents"),
<br />Borrower covenants to Lender and Trustee that Borrower is lawfully seized of the estate hereby
<br />conveyed and has the right to grant and convey the Property, that the property is unencumbered, and that
<br />Borrower will warrant and defend generallv the title to the Property against all claims and demands, subject
<br />to any declarations, casements or restrictions listed in a schedule of exceptions- to coverage in any title
<br />insmance policy insuring Lender's interest in the Property and otherwise reasonably acceptable to Lender.
<br />Borrower and Lender covenant and agree as follows.
<br />I. PAYMENT OF PRINCIPAL AND INTEREST_ Borrower shall promptly pay when due the
<br />Principal of mid Interest on the indebtedness evidenced by the Note, and all prepayment and late charges as
<br />provided in the Note or in this Deed of Trust
<br />2. FUNDS FOR TAXES AN D I NSII RANCE_ Subject to applicable law or to a written waiver
<br />by Lender, Borrower shall pay' to Lender on cash Due Date under the Note, until the Note is paid in full_ a
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