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<br />NOTICE is hereby given this 11th day of Decemt
<br />Colorado Limited Liability Company, Trustor, and Nebra:
<br />Points Bank, Trustee, under that certain Deed of Tru:
<br />December 8, 2000, and recorded on December 8, 2000,
<br />Mortgage Records of the Hall County Register of Deeds,
<br />estate (hereinafter referred to as the "Trust Property "):
<br />er, 2003, to Stratford Plaza, LLC, A —
<br /><a Mil -Nic, Inc., Beneficiary, by Five
<br />t executed by Trustor on or about
<br />at Instrument No. 200010704 of the
<br />covering the following described real
<br />A tract of land comprising all of Lot Eleven (11), Woodland Second
<br />Subdivision, an addition to the city of Grand Island, Hall County, Nebraska,
<br />according to the recorded plat thereof, EXCEPT a tract more particularly
<br />described as follows: Beginning at the southeast corner of said Lot Eleven
<br />(11), thence on an assumed bearing of S89 °12'16 "W, along and upon the
<br />south line of said Lot Eleven (11), a distance of Twenty (20.00) feet to a
<br />point; thence N43 °59'05 "E, a distance of Twenty Eight and Eighteen
<br />Hundredths (28.18) feet to a point on the east line of said Lot Eleven (11),
<br />said point also being on the west right of way line of Locust Street; thence
<br />S01 °14'02 "E, along and upon the west right of way line of Locust Street, a
<br />distance of Twenty (20.00) feet to the point of beginning.
<br />1. That a breach of an obligation for which the Trust Property was conveyed as
<br />security has occurred in that Trustor has failed to pay the final balloon payment due on
<br />December 10, 2003, under that certain Promissory Note dated December 8, 2000, to Beneficiary
<br />when due, and there remains due and unpaid thereon a total principal amount, together with
<br />accrued interest of $1,907,090.08 as of December 10, 2003, plus a minimum interest charge in
<br />the amount of $10.00, plus $992.73 per diem thereafter.
<br />2. Trustor must pay the following sums relating to the Promissory Note to cure the
<br />above - referenced breach:
<br />Balloon payment due December 10, 2003 $1,907,090.08
<br />Minimum Interest Charge $ 10.00
<br />Total $1,907,100.08
<br />Plus $992.73 per diem after December 10, 2003, and all Trustee's
<br />costs and expenses.
<br />3. That in the event Trustor fails to cure the breach identified above, the Trustee has
<br />elected to sell or cause to be sold the Trust Property to satisfy said obligation.
<br />236284.1
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<br />NOTICE OF DEFAULT
<br />NOTICE is hereby given this 11th day of Decemt
<br />Colorado Limited Liability Company, Trustor, and Nebra:
<br />Points Bank, Trustee, under that certain Deed of Tru:
<br />December 8, 2000, and recorded on December 8, 2000,
<br />Mortgage Records of the Hall County Register of Deeds,
<br />estate (hereinafter referred to as the "Trust Property "):
<br />er, 2003, to Stratford Plaza, LLC, A —
<br /><a Mil -Nic, Inc., Beneficiary, by Five
<br />t executed by Trustor on or about
<br />at Instrument No. 200010704 of the
<br />covering the following described real
<br />A tract of land comprising all of Lot Eleven (11), Woodland Second
<br />Subdivision, an addition to the city of Grand Island, Hall County, Nebraska,
<br />according to the recorded plat thereof, EXCEPT a tract more particularly
<br />described as follows: Beginning at the southeast corner of said Lot Eleven
<br />(11), thence on an assumed bearing of S89 °12'16 "W, along and upon the
<br />south line of said Lot Eleven (11), a distance of Twenty (20.00) feet to a
<br />point; thence N43 °59'05 "E, a distance of Twenty Eight and Eighteen
<br />Hundredths (28.18) feet to a point on the east line of said Lot Eleven (11),
<br />said point also being on the west right of way line of Locust Street; thence
<br />S01 °14'02 "E, along and upon the west right of way line of Locust Street, a
<br />distance of Twenty (20.00) feet to the point of beginning.
<br />1. That a breach of an obligation for which the Trust Property was conveyed as
<br />security has occurred in that Trustor has failed to pay the final balloon payment due on
<br />December 10, 2003, under that certain Promissory Note dated December 8, 2000, to Beneficiary
<br />when due, and there remains due and unpaid thereon a total principal amount, together with
<br />accrued interest of $1,907,090.08 as of December 10, 2003, plus a minimum interest charge in
<br />the amount of $10.00, plus $992.73 per diem thereafter.
<br />2. Trustor must pay the following sums relating to the Promissory Note to cure the
<br />above - referenced breach:
<br />Balloon payment due December 10, 2003 $1,907,090.08
<br />Minimum Interest Charge $ 10.00
<br />Total $1,907,100.08
<br />Plus $992.73 per diem after December 10, 2003, and all Trustee's
<br />costs and expenses.
<br />3. That in the event Trustor fails to cure the breach identified above, the Trustee has
<br />elected to sell or cause to be sold the Trust Property to satisfy said obligation.
<br />236284.1
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