200605551 - Laserfiche WebLink

Browse

#]060655 v4 200605551 to as the "Subject Property"). The listing of specific rights or property shall not be interpreted as a limit of general terms. 1.2 ADDRESS. The address of the Subject Property (if known) is: 206 Wilmar Ave., Grand Island, Nebraska. However, neither the failure to designate an address nor any inaccuracy in the address designated shall affect the validity or priority of the lien of this Deed of Trust on the Subject Property. ARTICLE 2. OBLIGATIONS SECURED 2.1 OBLIGATIONS SECURED. Grantor makes this Deed of Trust for the purpose of securing the following obligations ("Secured Obligations"): (a) Payment to Beneficiary of all sums at any time owing under that certain Promissory Note ("Note") dated of even date herewith, in the principal amount of Two Million Five Hundred Thousand and 0011 OOths Dollars ($2,500,000.00) executed by Grantor, and payable to the order of Beneficiary, as lender; and (b) Payment and performance of all covenants and obligations of Grantor under this Deed of Trust; and (c) Payment and performance of all covenants and obligations under that certain Building Loan Agreement ("Loan Agreement") dated of even date herewith by and between Grantor and Beneficiary, as lender; and (d) Payment and performance of all covenants and obligations, if any, of any rider attached as an Exhibit to this Deed of Trust; and (e) Payment and performance of all future advances and other obligations that the then record owner of all or part of the Subject Property may agree to pay and/or perform (whether as principal, surety or guarantor) for the benefit of Beneficiary, when such future advance or obligation is evidenced by a writing which recites that it is secured by this Deed of Trust; and (f) Payment and performance of all covenants and obligations of Grantor under any interest rate swap agreement, or other interest rate agreement executed by and between Grantor and Beneficiary, which agreement is evidenced by a writing which recites that it is secured by this Deed of Trust; and (g) All modifications, extensions and renewals of any of the obligations secured hereby, however evidenced, including, without limitation: (i) modifications of the required principal payment dates or interest payment dates or both, as the case may be, deferring or accelerating 3