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<br />vharge to the persons legally entitled to it. <br /> <br />200705500 <br /> <br />15. This deed of trust and the loan which it secures shall be subordinate in priority and payment to the following <br />loans made to Trustor: <br /> <br />a) Construction Loan made by Horizon Bank in the principal amount of $2,775,000 evidenced by the <br />Construction Loan Promissory Note and secured by the Construction Security Agreement Trust Deed; <br /> <br />b) Term Loan made by Horizon Bank in the principal amount of $227,789 evidenced by the Term Loan <br />Promissory Note and secured by the Term Loan Security Agreement Trust Deed; <br /> <br />c.) AHP Loan made by Midwest Housing Initiatives, Inc., in the principal amount of $182,000 <br />evidenced by the AHP Promissory Note and secured by the AHP Trust Deed. <br /> <br />16. Lender, at its option, may from time to time remove Trustee and appoint a successor Trustee by an <br />instrument recorded the county in which this security instrument is recorded. Without conveyance of the property, the <br />successor Trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Nebraska Law. <br /> <br />17. Borrower requests that copies of all notices provided herein be sent to Borrower's address which is c/o <br />Excel Development Group, 5101 Central Park Dr., Suite 100, Lincoln, NE 68504. <br /> <br />IN WITNESS WHEREOF the Borrower have signed this agreement. <br /> <br />Woodland Park Townhomes, LLC <br /> <br /> <br />a an raham, President of Midwest Housing <br />Initiatives, Inc., Managing Member <br /> <br />STATE OF NEBRASKA ) <br />) ss. <br />COUNTY OF LANCASTER ) <br /> <br />The foregoing instrument was acknowledged before me on June 28, 2007 by H. Dean Graham, President of <br />Midwest Housing Initiatives, Inc., Managing Member of Woodland Park Townhomes, LLC. <br /> <br />GENERAL NOlfl.RY-State 01 Nebraska <br />~" btl BRIAN J. ANDERSEN <br />"=~ My Comm. Exp. Jan, 1, 2009 <br /> <br />B/t~ 1. ~~ <br />Notary Public <br /> <br />{LO? 49191.2}Woodland Park HOME DOT <br />