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<br />Do not writeltype above thi$ line. For filing purpo$e$ only.
<br />
<br />FORM 5011 (10-2005)
<br />
<br />RETURN TO Farm Credit Services of America, PO Box 588
<br />PREPARER: Broken Bow, NE 68822
<br />
<br />c-
<br />o
<br />
<br />Peterson, Jaci F
<br />(308) 872-2461
<br />
<br />Farm Credit Services of America
<br />
<br />TRUST DEED AND ASSIGNMENT OF RENTS
<br />
<br />Trustor(s):
<br />SJT Properties LLC, a Limited Liability Company
<br />
<br />Mailing Address:
<br />3721 W Hwy 2
<br />Grand Island NE 68803-1211
<br />
<br />This Trust Deed and Assignment of Rents is made November 10. 2006, by and among the above
<br />named Trustor(s) and AgriBank, FCB, "Trustee," whosemailingaddressisPOBox64949.St. Paul,
<br />Minnesota 55164-0940, and Farm Credit Services of America. FLCA, "Beneficiary," whose mailing
<br />address is PO Box 2409, Omaha, NE 68103, in consideration of the advance by Beneficiary of the
<br />principal sum specified below, the receipt of which is hereby acknowledged, Trustor(s) irrevocably
<br />transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and
<br />security of Beneficiary, its successors and assigns, under and subject to the terms and conditions
<br />of this Trust Deed, the property, located in Hall County(ies), State of Nebraska, and described as
<br />follows:
<br />
<br />Lots One (1) and Two (2), L. J. and R. A. Toner Properties Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />together with all Trustor's right, title, and interest in the property, now or hereafter acquired, including:
<br />all buildings, fixtures, crops, and improvements now on or hereafter placed upon the property; all
<br />appurtenances, water, irrigation, and drainage rights; all rents, issues, uses, income, profits, and rights
<br />to possession; all oil, gas, gravel, rock, or other minerals of whatever nature, including geothermal
<br />resources; all personal property that may integrally belong to or hereafter become an integral part of the
<br />real estate whether attached or detached, including any appurtenances and accoutrements of any
<br />structure or residence secured hereby; easements and other rights and interests now or at any time
<br />hereafter belonging to or in any way pertaining to the property, whether or not specifically described
<br />herein; all above and below ground irrigation equipment and accessories; and all leases, permits,
<br />licenses, or privileges, appurtenant or nonappurtenant to the property, now or hereafter issued,
<br />extended or renewed by Trustor(s), any State, the United States, or any department, bureau,
<br />instrumentality, or agency thereof. The foregoing is collectively referred to in this document as the
<br />"property. "
<br />
<br />It is understood and agreed between Trustor(s) and Beneficiary that this Trust Deed is given to secure
<br />the repayments in full of the following described obligations, regardless of whether Mortgagor(s) is(are)
<br />liable thereon, and all future and additional loans or advances, protective or otherwise, which may be
<br />made by Beneficiary, at its option, at the request of, and to or for the account of Trustor(s), the parties
<br />liable under the note(s) or credit agreement(s), or any of them, for any purpose, plus interest thereon,
<br />all payable according to the terms of the note(s), credit agreement(s), or other instrument(s) modifying
<br />the same.
<br />
<br />Date of Note
<br />11/10/2006
<br />06/30/1998
<br />
<br />Principal Amount
<br />1,200,000.00
<br />
<br />300,000.00
<br />
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at anyone
<br />time will not exceed the sum of ONE MILLION FIVE HUNDRED THOUSAND, ($1.500,000.00),
<br />exclusive of interest and protective advances authorized herein or in the loan agreement(s); provided
<br />further, that THIS PARAGRAPH SHALL NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER
<br />OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL
<br />PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />
<br />This Trust Deed will be due November 1. 2023.
<br />
<br />App #: 87187; elF #: 150530; Note #: 201
<br />FORM 5011, Trust Deed and Assignment of Rents
<br />
<br />232JB
<br />
<br />Legal Qoc. Date: November 10, 2006
<br />Page 1
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