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<br />WHEN RECORDED MAIL TO:
<br />Bank of the West
<br />4321 20th Ave SW
<br />Fan:!o, NO 58103
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />
<br />~~
<br />
<br />*10503310200000000026034006112007*
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is dated June 11, 2007, among MID-PLAINS CENTER FOR BEHAVIORAL HEAL THCARE
<br />
<br />SERVICES, INC., whose address is 615 N ELM STREET, GRAND ISLAND, NE 68801 ("Trustor"); BANK OF
<br />
<br />THE WEST, whose address is Grand Island #21341,3301 W State St, Grand Island, NE 68803 (referred to
<br />
<br />below sometimes as "lender" and sometimes as "Beneficiary"); and Bank of the West, whose address is 3301
<br />
<br />W State St, Grand Island, NE 68803 (referred to below as "Trustee").
<br />
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE. for the benefit of
<br />lender as Beneficiary. all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other ri!:lhts, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />
<br />County, State of Nebraska:
<br />
<br />lots Three (3), Four (4) and Five (5) in Block Eleven (11) in the Original Town, now City, of Grand Island,
<br />
<br />Hall County, Nebraska
<br />
<br />The Real Property or its address is commonly known as 615 N ELM STREET, GRAND ISLAND, NE 68801.
<br />
<br />The Real Property tax identification number is 400000849.
<br />
<br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving line of credit, which
<br />obligates lender to make advances to Trustor so long as Trustor complies with all the terms of the Note.
<br />
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS. AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOllOWING TERMS:
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />
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