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Nebraska
<br />Second Deed of Trust
<br />(HBA Loan)
<br />�o
<br />This Second Deed of Trust (this "Second Deed of Trust "), is made as of 07/30/2003, Justin Michael Cramer and Dawn Marie Cramer by and 0
<br />among and , ( "Trustor"), whose mailing address is 1320 N Oak St, Grand Island, NE 68801 and Commercial Federal Bank ( "Trustee ")
<br />mailing address is 13220 California St Omaha, NE 68154
<br />Nebraska; and Nebraska Investment Finance Authority ( "Beneficiary"), whose mailing address is 200 Commerce Court, 1230 O
<br />Street, Lincoln, Nebraska 68508 -1402.
<br />For Valuable Consideration, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE,
<br />for the benefit and security of Beneficiary, under and subject to the terms and conditions of the Second Deed of Trust, the real property,
<br />legally described on Exhibit A attached hereto and incorporated herein by reference (tile "Property "); and
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the Property (collectively, the "rents'), all
<br />leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and all right, title and interest of
<br />Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in the Property owned or hereafter acquired, all interests,
<br />estate or other claims , both in law and in equity, which Trustor now has or may hereafter acquire in the Property, and any and all buildings,
<br />fixtures and improvements now or hereafter erected thereon (the "Improvements "), and all the estate, interest, right, title or any claim or
<br />demand which Trustor now has or may hereafter acquire, in the Property, and any and all awards made for the taking by eminent domain, or
<br />by any proceeding or purchase in lieu there of, of the whole or any part of the Trust Estate, including without limitation any awards resulting
<br />from a change of grade of streets and awards for severance damages
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ".
<br />For the Purpose of Securing:
<br />A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and
<br />B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of sixteen percent
<br />(16 %) per annum.
<br />The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness."
<br />The Second Deed of Trust, any promissory note of Trustor in favor of Beneficiary and any other instrument given to evidence or
<br />further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments'.
<br />Trustor covenants that (I) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate, (ii) the Trust
<br />Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenants of record and the Deed of Trust from
<br />Trustor encumbering the Property dated on or about the date hereof (the "First Deed of Trust "), and (iii) Trustor will defend the Trust Estate
<br />against the lawful claims of any person.
<br />To Protect the Security of this Second Deed of Trust:
<br />1. Payment ojindebledness. Trustor shall pay when due the principal of, and the interest on, the indebtedness and all other sums
<br />as provided in the Loan Instruments.
<br />2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter against the Trust
<br />Estate or any part thereof, before delinquency, without notice of demand.
<br />3. Insurance and Repairs. Trustor shall maintain fire and extended coverage insurance insuring the Improvements constituting part
<br />of the Trust Estate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as the Property is secured by a first
<br />deed of trust or mortgage, compliance with the insurance requirements of the first deed of trust or mortgage shall be sufficient to satisfy the
<br />requirements of this paragraph 3 relating to insurance.
<br />Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, the Trust
<br />Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate, or commit, suffer or permit any act to be
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<br />200309945
<br />Nebraska
<br />Second Deed of Trust
<br />(HBA Loan)
<br />�o
<br />This Second Deed of Trust (this "Second Deed of Trust "), is made as of 07/30/2003, Justin Michael Cramer and Dawn Marie Cramer by and 0
<br />among and , ( "Trustor"), whose mailing address is 1320 N Oak St, Grand Island, NE 68801 and Commercial Federal Bank ( "Trustee ")
<br />mailing address is 13220 California St Omaha, NE 68154
<br />Nebraska; and Nebraska Investment Finance Authority ( "Beneficiary"), whose mailing address is 200 Commerce Court, 1230 O
<br />Street, Lincoln, Nebraska 68508 -1402.
<br />For Valuable Consideration, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE,
<br />for the benefit and security of Beneficiary, under and subject to the terms and conditions of the Second Deed of Trust, the real property,
<br />legally described on Exhibit A attached hereto and incorporated herein by reference (tile "Property "); and
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the Property (collectively, the "rents'), all
<br />leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and all right, title and interest of
<br />Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in the Property owned or hereafter acquired, all interests,
<br />estate or other claims , both in law and in equity, which Trustor now has or may hereafter acquire in the Property, and any and all buildings,
<br />fixtures and improvements now or hereafter erected thereon (the "Improvements "), and all the estate, interest, right, title or any claim or
<br />demand which Trustor now has or may hereafter acquire, in the Property, and any and all awards made for the taking by eminent domain, or
<br />by any proceeding or purchase in lieu there of, of the whole or any part of the Trust Estate, including without limitation any awards resulting
<br />from a change of grade of streets and awards for severance damages
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ".
<br />For the Purpose of Securing:
<br />A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and
<br />B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of sixteen percent
<br />(16 %) per annum.
<br />The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness."
<br />The Second Deed of Trust, any promissory note of Trustor in favor of Beneficiary and any other instrument given to evidence or
<br />further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments'.
<br />Trustor covenants that (I) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate, (ii) the Trust
<br />Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenants of record and the Deed of Trust from
<br />Trustor encumbering the Property dated on or about the date hereof (the "First Deed of Trust "), and (iii) Trustor will defend the Trust Estate
<br />against the lawful claims of any person.
<br />To Protect the Security of this Second Deed of Trust:
<br />1. Payment ojindebledness. Trustor shall pay when due the principal of, and the interest on, the indebtedness and all other sums
<br />as provided in the Loan Instruments.
<br />2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter against the Trust
<br />Estate or any part thereof, before delinquency, without notice of demand.
<br />3. Insurance and Repairs. Trustor shall maintain fire and extended coverage insurance insuring the Improvements constituting part
<br />of the Trust Estate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as the Property is secured by a first
<br />deed of trust or mortgage, compliance with the insurance requirements of the first deed of trust or mortgage shall be sufficient to satisfy the
<br />requirements of this paragraph 3 relating to insurance.
<br />Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, the Trust
<br />Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate, or commit, suffer or permit any act to be
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