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200206623
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200206623
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Last modified
10/15/2011 12:34:46 AM
Creation date
10/22/2005 8:53:57 PM
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DEEDS
Inst Number
200206623
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200206623 <br />Section 5.8 Headings. The headings of the sections in this Deed of Trust are <br />inserted solely for convenience of reference, and are not intended to govern, limit or aid in <br />the construction of any term or provision hereof <br />Section 5.9 Gender and Number. Whenever the context so requires, the <br />neuter gender herein shall include the masculine or feminine or both, and the singular <br />number shall include the plural. <br />Section 5.10 Counterpart s. This Deed of Trust may be executed in any <br />number of counterparts and each of such counterparts shall for all purposes be deemed to be <br />an original; and all such counterparts shall together constitute but one and the same deed of <br />trust. <br />Section 5.11 Governing Jurisdiction. This Deed of Trust shall be governed <br />by and construed under the laws of the State of Nebraska, which shall be the "Governing <br />Jurisdiction" as used herein. <br />Section 5.12 Definition of Terms. Unless otherwise expressly stated, the <br />term "Trustor" as used herein includes a Truster's successors and interests and assigns; the <br />word "Trustee" as used herein includes Trustee's successors in interest and assigns; and the <br />word "Beneficiary" as used herein, includes Beneficiary's successors in interest and assigns. <br />Section 5.13 Acceptance by Trustee. Trustee accepts this Trust when this <br />Deed of Trust, duly executed and acknowledged, is made a public record as provided by law. <br />This Deed of Trust is a construction mortgage under Nebraska law, to secure an obligation <br />incurred for the construction of an improvement on land, including the acquisition costs of <br />the land. This Deed of Trust secures a construction loan, and it will be subject to the terms <br />of the Credit Agreement. Any materials, equipment or supplies used or intended for use in <br />the construction, development, or operation of the Property, whether stored on or off the <br />Property, shall also be subject to the lien of this Deed of Trust. Global Industries, or its <br />contractor if loan proceeds are paid to such contractor, shall apply the loan proceeds to the <br />payment of lawful claims for labor and material furnished for such construction. <br />[Signature Page Follows] <br />Deed of Trust -15- <br />
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