|
<br />DEED OF TRUST
<br />(Continued)
<br />
<br />200602868
<br />
<br />Page 6
<br />
<br />Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on
<br />the Real Property, facilities, additions, replacements and other construction on the Real Property.
<br />
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note
<br />or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note
<br />or Related Documents and any amounts expended o'r advanced by Lender to discharge Trustor's obligations or expenses incurred by
<br />Trustee or Lender to enforce Trustor's obligations under this Deed of Trust, together with interest on such amounts as provided in this
<br />Deed of Trust. Specifically, without limitation, Indebtedness includes the future advances set forth in the future Advances provision,
<br />together with all interest thereon and all amounts that may be indirectly secured by the Cross-Collateralization provision of this Deed
<br />of Trust.
<br />
<br />Lender. The word "Lender" means Exchange Bank, its successors and assigns.
<br />
<br />Note. The word "Note" means all past, present and future notes, loans or other obligations of the borrower.
<br />
<br />Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or
<br />hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and
<br />additions to, all replacements of, and all substitutions for, any of such property; and together with all proceeds (including without
<br />limitation all insurance proceeds and refunds of premiums) from any sale or other disposition of the Property.
<br />
<br />Property. The word "Property" means collectively the Real Property and the Personal Property.
<br />
<br />Real Property. The words "Real Property" mean the reai property, interests and rights, as further described in this Ueed of Trust.
<br />
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other
<br />instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
<br />
<br />Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived
<br />from the Property.
<br />
<br />Trustee. The word "Trustee" means Exchange Bank-Grand Island Branch, whose address is P.O. Box 5793, Grand Island, NE 68802
<br />and any substitute or successor trustees,
<br />
<br />Trustor. The word "Trustor" means Grand Island Venue, LLC.
<br />
<br />TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND TRUSTOR AGREES TO ITS TERMS.
<br />
<br />TRUSTOR:
<br />
<br />GRAND ISLAND VENUE, LLC
<br />
<br />SOUTHEAST CROSSINGS, L.L.C" Member of Grand Island Venue, LLC
<br />
<br />NORTHWEST CR SSINGS, L.L.C" Member of SOUTHEAST CROSSINGS, L.L.C.
<br />
<br />
<br />
<br />Connor. Prasident of Northwest Crossings, L.L.C.
<br />
<br />LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
<br />
<br />STATE OF
<br />
<br />~-
<br />N-oJJ.
<br />
<br />)
<br />) SS
<br />)
<br />
<br />COUNTY OF
<br />
<br />
<br />Residing at
<br />My commission expires
<br />
<br />To:
<br />
<br />REQUEST FOR FULL RECONVEYANCE
<br />(To be used only when obligations have been paid in full)
<br />, Trustee
<br />
<br />The undersigned is the legal owner and holder of all Indebtedness secured by this Deed of Trust. All sums secured by this Deed of Trust
<br />have been fully paid and satisfied. You are hereby directed, upon payment to you of any sums owing to you under the terms of this Deed
<br />of Trust or pursuant to any applicable statute, to cancel the Note secured by this Deed of Trust (which is delivered to you together with
<br />this Deed of Trust), and to reconvey, without warranty, to the parties designated by the terms of this Deed of Trust, the estate now held
<br />by you under this Deed of Trust. Please mail the reconveyance and Related Documents to:
<br />
<br />Date:
<br />
<br />Beneficiary:
<br />By;
<br />Its:
<br />
|