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<br />WHEN RECORDED MAIL TO:
<br />Great Western Bank ".
<br />.............Harvey Odes
<br />6016 N.W. Radial Hwy. ,.:
<br />,.. ....
<br />P.O. Box 4070
<br />Omdfa ME 41111104-0070 FOR RECORDER'S USE ONLY
<br />s
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated June 13, 2002, among THE CHRISTENSEN COMPANY, A NEBRASKA '
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<br />PARTNERSHIP, whose address is 16422 LEAVENWORTH CIRCLE, OMAHA, NE - 68118 ("Trustor "); Great
<br />Western Bank, whose address Is Harvey Oaks, -6015 N.W. Radial Hwy., P.O. ` Box 4070, Omaha, NE
<br />68104 -0070 (referred to below sometimes as "Lender" and sometimes as "Beneficiary") slid GREAT
<br />WESTERN BANK,: whose- address is PO BOX 4010, OMAHA, . NE 68104 -0070 (referred to below as
<br />"Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee M trust, WITH POWER OF SALE, 4or',1he `beneat of
<br />Lender as Senenciary, all of Trustor's right, title, and interest in and to the following described reap 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 rights and
<br />ditch rights (Including stock in utilities with ditch or irrigation rights); and all other rights royalties; andpro0ts relating to the real prop" 1ndudinQ
<br />"Real Oroperty ")
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the located in HALL County, JtetE D
<br />Nebraska:
<br />LOT 1, RAYMOND BURL INDUSTRIAL PARK WEST SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The Real Property or its address Is commonly known as 2504 S. NORTH ROAD, GRAND ISLAND, NE
<br />68803 -5524. The Real Property tax identification number is 400137011
<br />CROSS- COLLATERALRATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest thereon, of
<br />Borrower to Lender, or any one or more of them, as well as a0 claims by Lender against Borrower or any one or more of them, whether now
<br />existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due,
<br />direct or indirect, determined or undetermined, absolute or confingent, liquidated or unliquidated whether Borrower or Trustor may be liable
<br />individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such
<br />amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or
<br />hereafter may become otherwise unenforceable.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustors right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property.. In addition, Trustor grants to Lender aUniform Commercial Code security
<br />Interest in the Personal Property and Rents. 1
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY LWEREST 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, INCLUDING THE ASSIGNMENT
<br />OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS ALSO GIVEN TO SECURE ANY AND ALL OF
<br />..........BORROWER'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN BORROWER AND LENDER OF
<br />EVEN DATE HEREWITH. ANY EVENT OF DEFAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED
<br />DOCUMENTS REFERRED TO THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF TRUST
<br />IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trustor warrants that: (a) this Dead of Trust is executed at Borrower's request and not
<br />at the request of Lender; (b) Trustor has the full power, right, and authority to enter into this Dead of Trust and to hypothecate the Property; (c)
<br />the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument binding upon Trustor and
<br />do not result in a violation of any taw, regulation, court decree or order applicable to Trustor; (d) Trustor has established adequate means of
<br />obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no representation to
<br />- Trustor about Borrower (including without limitation the creditworthiness of Borrower)......
<br />TRUSTOR'S WAIVERS. Trustor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency" law, or any other law
<br />which may prevent Lender from bringing any action against Trustor, including claim for deficiency to the extent Lender is otherwise entitled to a
<br />claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of apower of
<br />sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this bead of Trust, Borrower shall pay to Lender all Indebtedness secured by
<br />this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective obligations under the Note, this Deed of
<br />- Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of the
<br />Property shall be governed by the following provisions:
<br />Possession and Use. Unfil the occurrence of an Event of Defauh, Trustor may (1) remain in possession and control of the Property; (2)
<br />use, operate or manage the Property; and (3) tolled 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 Trustors ownership of
<br />the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous
<br />' Substance by any person on, under, about or from the Property; (2) Trustor has no knowledge of, or reason to believe that there has been,
<br />.except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any
<br />use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or
<br />from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigation or claims of any kind by any
<br />person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor
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