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M <br />C7 I on �, ry o ti o rrt <br />n x rv8 <br />^: <br />2 D p <br />M <br />When recorded return to CN <br />r <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 <br />M <br />Mq�E k9 <br />HA <br />