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<br />TRUST DEED
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<br />88_100018
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<br />THIS TRUST DEED, made this 30fh day of December, 1987, by
<br />and among ELLIOT SUPPLY, INC., a Nebraska corporation, successor
<br />in interest to CAPITOL SUPPLY COMPANY, a Nebraska corporation,
<br />hereinafter referred to as the "Trustor"; YALE RICHARDS, Attorney
<br />at Law, whose mailing address is 6910 Pacific Street, Suite 300,
<br />Omaha, Nebraska, 68106, hereinafter referred to as the "Trustee";
<br />and ALBERT M. NEPOMNICK and BERNARD ALTSULER, hereinafter
<br />referred to collectively as the "Beneficiary".
<br />
<br />WIT N E SSE T H
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<br />Trustor, in consideration of the
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<br />recited, and the trust herein created,
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<br />convey to Trustee, in trust, with power
<br />
<br />described real property, to-wit:
<br />
<br />A part of the Northeast Quarter of the Northeast
<br />Quarter of Section 21, Township 11 North, Range 9,
<br />West of the 6th P.M., in Hall County, Nebraska, more
<br />particularly described as follows:
<br />
<br />indebtedness herein
<br />irrevocably grant and
<br />of sale, the following
<br />
<br />Beginning at the Southwest corner of the
<br />intersection of Anna and Eddy ~treets, which
<br />streets are now established and 1n use, thence
<br />Southwesterly along the Southerly boundary of
<br />Anna Street, a distance of 164.2 feet (recorded
<br />as 164.4 feet); thence Southeasterly, parallel
<br />with the Westerly boundary of Eddy Street, a
<br />distance of 140.0 feet; thence Northeasterly,
<br />parallel with the Southerly boundary of Anna
<br />Street, a distance of 164.2 feet (recorded as
<br />164.4 feet), to a point on the Westerly boundary
<br />of Eddy Street; thence Northwesterly along and
<br />upon the Westerly boundary of Eddy Street, a
<br />distance of 140.0 feet, to the point of
<br />beginning; and
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<br />the Southerly 119.9
<br />South Park Addition
<br />surveyed, platted
<br />Nebraska.
<br />
<br />feet of Lots 9 and 10, in Block 3,
<br />to the City of Grand Island, as
<br />and recorded in Hall County,
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<br />Together with all of the improvements now or hereafter
<br />erected on the above-described real property, and all easements,
<br />interests in adjoining roads, streets and alleys, rights,
<br />appurtenances, rents (subject, however, to the rights and
<br />authorities given herein to Beneficiary to collect and apply
<br />such rents), and all fixtures now or hereafter attached to the
<br />real property, all of which, including replacements and addi-
<br />tions thereto, shall be deemed to be and remain a part of the
<br />real property covered by this Trust Deed; and all of the fore-
<br />going, together with the above-described real property, are
<br />herein referred to as the "Property".
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<br />To secure to Beneficiary the repayment of the indebtedness
<br />evidenced by Trustor's two Promissory Notes, of even date
<br />herewith, herein referred to as the "Notes", in the principal
<br />sum of One Million Dollars ($1,000,000.00) and Three Hundred
<br />Seventy-Five Thousand and No/IOO Dollars ($375,000.00) respec-
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