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<br />DEC-30-ee FRill :'52 EXCEL. CORP.
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<br />P.04
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<br />..~.
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<br />88- 107083
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<br />DP.P.D OF TRllflT
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<br />TillS DF:P.O OF TRUST is msde II!! nC the ~ day of December , 19DB
<br />by and among EKcal J, V. Partnsrs, L,P., a California Limited Pllrtnerahlp,
<br />("TRUIl1'OR"), whose mailing addresll ill: 1501.0 hVLnUll or Science, Ste, 100. Snn DIego,
<br />and Tieor 1iLle Inaurllnce ComPM~ ' I "TRUIl'I'F.E"), J!l.I1Q,lB mailing Ilddress I.,: Ch 92126
<br />113 Weat Second St,. 1'.0. Dox 6 7. Grand IslRnd, NB ~"ftJN Man/lgement,
<br />("0IlNEFIC1AR'i"), whose mailing address is: 817 Hot Springs Rd" Ssnta Barbara,
<br />California 93108
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<br />FOR Vl\IolJlIDLE CONSIDER/lTION, Trustor irrevocllbly tran!lf""s, conveys, Ilnd
<br />asalgn!l to Trustee, IN TRUST, WITIl POIIER OF SAT,E, for thQ benefit and securily of
<br />BOnllficillry, under and lIubject to the t..rms and conditions of thIs Deed of Trust,
<br />the relll property located in the City of Grand Islam!, county of Hall, State of
<br />.'"braAka, and legally dQ!lcribed as followSl (the "Property"):
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<br />Replet of Lot Eight (8), Grand Island Hall Eighth
<br />Subdiviainn, in the city of Grand Island, Nebraska,
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<br />TOGE'rllp.R WITII all rent.a, ..nsements, appurtenances, hereditaments, interests
<br />in adjoining rODda, streets and alleys, Improvements and buildLngs of sny kind
<br />situllted thereon and all personal property that may be or hereaCter become an
<br />integral part of lIuch buildings and improvements,
<br />
<br />The property and the entire estate and interest conveyed to the Trustee are
<br />referred to collectlv81y as the "Trust Estate",
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<br />FOR TilE PURPOSE OF SECURING:
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<br />a, Paym/lnt of indebtednass in the total principal amollnt of $ 271 ,O?O,OL,
<br />with interest th/lfUOn, a8 evidenced by the certain Promissory Note of even date
<br />(the "Note") ~llIOIlC~~~ as outlined in said note, eKecuted by
<br />TruRtor, which has been delivered and is payablQ to the order of Beneficillry, and
<br />which by this reference is hereby made a part hereof, and any and all
<br />modifications, extensions and renewals thereof, and,
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<br />b. Payment of all slims advanced by Beneficisry to protect the Trust Estat..,
<br />with interest thereon at the rate of ~ percent per annum,
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<br />This Deed of Trust, the Note, and any other instrument given to evidence or
<br />further socure the payment and performance of any obligation secured hereby are
<br />r.ten'ed t.o coll.ectlvely eo the "t,oan Instrument.s".
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<br />TO PROTECT THE SnCURITY OF THIS DEED OF TRUST:
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<br />1, PAYMENT OF INDEBTEDNESS, Trustor shall. pay when due tha principal of,
<br />and the interest on, the indebtednesll eVidenced by the Note, chargea, fees and
<br />all other slims as provided in the Loan Instruments,
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<br />2. TAXES, Trustor shall pay each installment of all taxea and special
<br />assessments of every kind, now or hereafter levied against the Trust EstatQ or
<br />any part hereof, before 4elinqu9ncy, without notice or demend, and shall prOVide
<br />Beneficiary with evidence of the payment of Slime. Trustor shall pay al.l taxes
<br />an4 allsORRmente which may be levied upon Beneficiery's interest heroin or upon
<br />thia Oood of Truat or the 4ebt secured herQby, without ragard to any law that may
<br />be enacted imposing payment of the whole or any part thereof upon the
<br />Beneficiary. Trustor shall only be liable for these obligations to the exL~nt the Tenont
<br />of the above referenced property, Northern Automntive Corporation, en hri~onn Corporation,
<br />3. INSUR/lNCB AND REPAIRS. Trustor ahall maintain fire and extended Jan't llnhle
<br />coverage ins'lrance lnauring the improvements and buildingS constituting part of for thBAp.
<br />the TruRt Eetete for an amount no leAS than the amount of the unpaid principal ohl1getLonf
<br />blllance of the Note (co-inaurance not exce.,d lng 80' permitted). Such insurance or is :In
<br />polley shAU contain a stllnllerd mortgage ctllllse in fllyor of Beneficiary anI! ..h..U default of
<br />not be cllncellable, terminable, or modifiable without ten (10) days prior wrilten pB~t.
<br />notice to Bonaficiary. Trustor shall promptly repair, maintein anI! raplllce the
<br />Trust astate or any psrt thereof so that, except for ordinary wllsr and tear, the
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