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<br />This DEED OF TRUST is made as of the 15th day of March, 2007 by and among the
<br />Trustor, WENDGRAND, LLC, a Nebraska limited liability company, whose mailing address for
<br />purposes of this Deed of Trust is 3503 West State Street, Grand Island, NE 68803 (herein,
<br />"Trustor", whether one or more), the Trustee, AREND R. BAACK, Attorney at Law, whose
<br />mailing address is P.O. Box 790, Grand Island, NE 68802-0790 (herein "Trustee"), and the
<br />Beneficiary, HOME fEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND
<br />ISLAND, whose mailing address is P.O. Box 1009, Grand Island, NE 68802-1009 (herein
<br />"Lender").
<br />
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to WEND GRAND, LLC, a Nebraska limited liability company (herein "Borrower",
<br />whether one or more), and the tmst herein created, the rcceipt of which is hereby acknowledged,
<br />Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of the Lender, under and subject to the terms and
<br />conditions hereinafter set forth, legally described as follows:
<br />
<br />Borrower's leasehold interest in respect to that real estate described as:
<br />
<br />A tract of land located in the Southeast Quarter of the Southeast Quarter
<br />(S.El/4SEl/4) ofSecti~ln Twel~ty.One (21), Township Eleven (11) ~orth, Range
<br />Nllle (9) West of the 6 P.M., III Hall County, Nebraska, more particularly
<br />described as follows:
<br />
<br />Beginning at a point Seven Hundred Seven and Five-Tenths (707.5) feet South of
<br />the Southeast comer of Pleasant Home Subdivision, said point being Thirty-Three
<br />(33.0) feet West of the East line of Section Twenty-One (21); thence Westerly
<br />parallel to the South line of said Pleasant Home Subdivision a distance of Two
<br />Hundred Sixty-One (261.0) feet; thence Southerly parallel to the East line of said
<br />Section Twenty-One (21), a distance of One Hundred Thirty-Four (134.0) feet;
<br />thence Easterly parallel to the South line of said Pleasant Home Subdivision, a
<br />distance of Two Hundred Sixty-One (261.0) feet; thence Northerly parallel to the
<br />East line of said Section Twenty-One (21), a distance of One Hundred Thirty-
<br />Four (134.0) feet, to the place of beginning, EXCEPTING a certain tract to the
<br />City of Grand Island more particularly described in Warranty Deed recorded in
<br />Book 179, Page 238 and EXCEPTING a certain tract to the City of Grand Island
<br />more particularly described in Warranty Deed recordcd as DoclUllent No.
<br />200316253;
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to, heating
<br />and cooling equipment and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived, all of which, including replacements and additions
<br />thereto, is hereby decIilled to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property".
<br />
<br />This Deed of Tmst shall secure (a) the payment of the principal sum and interest
<br />evidenced by a Promissory Note dated of even date herewith having a maturity date of April 1,
<br />2017, in the original principal amount of Six Million Five Hundred Thousand and Noll 00
<br />Dollars ($6,500,000.00), and any and all modifications, extensions and renewals thereof or
<br />thereto and any and all future advances and re-advances to Borrower (or any of them if more
<br />than one) hereunder pursuant to one or more promissory notes or credit agreements (herein
<br />called "Note"); (b) the payment of other sums advanced by Lender to protect the security of the
<br />Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all
<br />present and future indebtedness and obligations of Borrower (or any of them if more than one) to
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