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WHEN RECORDED MAIL TO: C� Z
<br />Five Points Bank --
<br />North Branch 200505351 '% s.
<br />2095 North Broadwell Q
<br />Grand Island, NE 68803 __- FOR RECORDER'S USE QNLY
<br />w�-- DEED OF TRUST
<br />r,
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $ 190,000.00.
<br />THIS DEED OF TRUST is dated June 7, 2005, among UNIVERSAL BUILDERS; A GENERAL PARTNERSHIP
<br />Im ( "Trustor "); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island, NE 68803
<br />Cn (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose
<br />address is P.O Box 1507, Grand Island, NE 68802 -1507 (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 />mLender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />V] 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 />C") County, State of Nebraska:
<br />LOT TWO (2 ), BLOCK "E ", PARK VIEW SUBDIVISION, LOCATED IN THE NORTHEAST QUARTER (NE1/4)
<br />OF SECTION TWENTY NINE (29), AND THE NORTHWEST QUARTER (NW1 /4) OF SECTION TWENTY
<br />EIGHT (28 ), BOTH IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M.,
<br />SUBJECT TO THE AGREEMENT FOR RESTRICTIONS AND CONDITIONS RECORDED IN BOOK T AT PAGE
<br />187 AND THE CONDITIONS AND RESTRICTIONS IN WARRANTY DEEDS RECORDED IN BOOK 68 OF
<br />DEEDS AT PAGE 597 AND BOOK 101 AT PAGE 182, ALL RECORDED IN THE OFFICE OF THE REGISTER
<br />OF DEEDS, HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 2421 PIONEER BLVD, GRAND ISLAND, NE 68801.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor whether or not the
<br />advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon; however, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate $190,000.00.
<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, 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 />TRUSTOR'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN TRUSTOR AND LENDER OF EVEN
<br />DATE HEREWITH. ANY EVENT OF DEFAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED DOCUMENTS
<br />REFERRED TO THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND
<br />ACCEPTED ON THE 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
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<br />WHEN RECORDED MAIL TO: C� Z
<br />Five Points Bank --
<br />North Branch 200505351 '% s.
<br />2095 North Broadwell Q
<br />Grand Island, NE 68803 __- FOR RECORDER'S USE QNLY
<br />w�-- DEED OF TRUST
<br />r,
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $ 190,000.00.
<br />THIS DEED OF TRUST is dated June 7, 2005, among UNIVERSAL BUILDERS; A GENERAL PARTNERSHIP
<br />Im ( "Trustor "); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island, NE 68803
<br />Cn (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose
<br />address is P.O Box 1507, Grand Island, NE 68802 -1507 (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 />mLender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />V] 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 />C") County, State of Nebraska:
<br />LOT TWO (2 ), BLOCK "E ", PARK VIEW SUBDIVISION, LOCATED IN THE NORTHEAST QUARTER (NE1/4)
<br />OF SECTION TWENTY NINE (29), AND THE NORTHWEST QUARTER (NW1 /4) OF SECTION TWENTY
<br />EIGHT (28 ), BOTH IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M.,
<br />SUBJECT TO THE AGREEMENT FOR RESTRICTIONS AND CONDITIONS RECORDED IN BOOK T AT PAGE
<br />187 AND THE CONDITIONS AND RESTRICTIONS IN WARRANTY DEEDS RECORDED IN BOOK 68 OF
<br />DEEDS AT PAGE 597 AND BOOK 101 AT PAGE 182, ALL RECORDED IN THE OFFICE OF THE REGISTER
<br />OF DEEDS, HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 2421 PIONEER BLVD, GRAND ISLAND, NE 68801.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor whether or not the
<br />advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan to Trustor, together with all interest thereon; however, in no
<br />event shall such future advances (excluding interest) exceed in the aggregate $190,000.00.
<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, 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 />TRUSTOR'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN TRUSTOR AND LENDER OF EVEN
<br />DATE HEREWITH. ANY EVENT OF DEFAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED DOCUMENTS
<br />REFERRED TO THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND
<br />ACCEPTED ON THE 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
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