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200313159
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200313159
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Last modified
10/16/2011 7:23:26 AM
Creation date
10/28/2005 3:43:26 PM
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DEEDS
Inst Number
200313159
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200313159 <br />PROVIDED NEVERTHELESS, that if Trustor, Trustor's administrators, personal <br />representatives, successors or assigns, shall pay to Beneficiary, its successors or assigns, the sum <br />of Thirty Million and 00 /100 Dollars ($30,000,000.00), according to the terms of that certain <br />Credit and Security Agreement, that certain Revolving Note in the amount of $22,500,000.00 <br />and that certain Term Note in the amount of $7,500,000.00 (hereinafter collectively referred to as <br />the "Note ") of even date herewith, the terms and conditions of which are incorporated herein by <br />reference and made a part hereof, together with any extensions or renewals thereof, due and <br />payable with interest thereon as provided therein, the balance of said principal sum together with <br />interest thereon being due and payable in any event on September 30, 2006, and shall repay to <br />Beneficiary, its successors or assigns, at the times demanded and with interest thereon at the <br />same rate specified in the Note, all sums advanced in protecting the lien of this Deed of Trust, in <br />payment of taxes on the Premises, in payment of insurance premiums covering improvements <br />thereon, in payment of principal and interest on prior liens, in payment of expenses and <br />attorneys' fees herein provided for and all sums advanced for any other purpose authorized <br />herein (the Note and all such sums, together with interest thereon, being hereinafter collectively <br />referred to as the "Indebtedness "), and shall keep and perform all of the covenants and <br />agreements herein contained, then this Deed of Trust shall become null and void, and shall be <br />released at Trustor's expense. <br />AND IT IS FURTHER COVENANTED AND AGREED AS FOLLOWS: <br />ARTICLE 1. <br />GENERAL REPRESENTATIONS AND WARRANTIES <br />SECTION 1.1 Representations and Warranties. <br />Trustor represents and warrants to Beneficiary, its successors and assigns that as of the <br />date hereof: <br />(a) Trustor is a corporation duly organized, validly existing and in good standing <br />under the laws of the State of Nebraska, and has all requisite power and authority <br />to own and operate the Premises, to enter into the Note, this Deed of Trust and <br />any other document securing the Note, to execute all other documents relating to <br />the Indebtedness and make all representations and covenants contained in such <br />documentation. The Note, this Deed of Trust, the Credit and Security Agreement <br />by and between Trustor and Beneficiary of even date herewith ( "Credit and <br />Security Agreement ") and all other documents, instruments and agreements <br />relating to any of them or evidencing or securing the Indebtedness are herein <br />sometimes collectively referred to as the "Loan Documents." Trustor has the <br />power and authority to borrow the monies and otherwise assume and perform as <br />contemplated hereunder and under the Loan Documents, and is in compliance <br />with all laws, regulations, ordinances and orders of public authorities applicable <br />to it. <br />(b) Neither the borrowing of the monies nor the execution and delivery of the Loan <br />Documents nor the performance of the provisions of the agreements therein <br />contained on the part of Trustor will contravene, violate or constitute a default <br />15311/53;09/30/03 - 4 - <br />
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