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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island. NE 68803
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />DEED OF tRUST
<br />
<br />'l-t . P
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $1.500,000.00.
<br />
<br />THIS DEED OF TRUST is dated April 28, 2006. among NEBRASKA MIL-NIC INC; A NEBRASKA
<br />CORPORATION ("Trustor"); Five Points Bank. whose address is North Branch, 2015 North Broadwell, Grand
<br />Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points
<br />Bank, whose 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 />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />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 relatin\l to the real
<br />property. including without limitation all minerals. oil. gas. geothermal and similar matters. (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />
<br />ALL OF LOT TWO (2) AND THE WESTERLY NINETY-TWO (92) FEET OF lOT THREE (3), MIL-NIC
<br />ADDITION TO THE CITY OF GRAND ISLAND. HAll COUNTY, NEBRASKA; AND AN EASEMENT OVER
<br />THE FOllOWING DESCRIBED PARCEL OF REAL ESTATE SITUATED IN GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA: COMMENCING AT THE NORTHEAST CORNER OF lOT ONE (1) Mll-NIC ADDITION, THENCE
<br />SOUTHERLY A DISTANCE OF SIXTY FEET (60') ALONG THE EAST BOUNDARY OF SAID LOT ONE (1),
<br />THENCE NORTHWESTERLY ACROSS lOT ONE (1) MIL.NIC ADDITION TO A POINT ON THE NORTHERLY
<br />BOUNDARY LINE OF SAID lOT ONE (1) WHICH POINT IS SIXTY FEET (60') WEST OF THE NORTHEAST
<br />CORNER OF SAID lOT ONE (1) THENCE EASTERLY ALONG THE NORTHERLY BOUNDARY LINE OF LOT
<br />ONE (1) TO THE POINT OF BEGINNING.
<br />
<br />The Real Property or its address is commonly known as 2503 S LOCUST ST, GRAND ISLAND, NE
<br />68801.8225.
<br />
<br />CROSS-COLLATERALlZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon. of Trustor to Lender. or anyone or more of them, as well as all claims by Lender against Trustor or anyone or more of them.
<br />whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note. whether voluntary or otherwise.
<br />whether due or not due. direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated. whether Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor. surety. accommodation party or otherwise. and whether
<br />recovery upon such amounts may be or hereafter may become barred by any statute of limitations. and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable.
<br />
<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 />
<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 IB) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE. THE RELATED DOCUMENTS. AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />
<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
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