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<br />(Space Above This Line For Recording Data)
<br />
<br />LOAN NUMBER: 1368090
<br />
<br />COMMERCIAL CONSTRUCTION DEED OF TRUST
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL EST ATE DEED
<br />OF TRUST
<br />
<br />This COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST ("Security Instrument") is made on
<br />November 7, 2007 by ASAP Real Estate LLC, a Nebraska Limited Liability Company, whose address is 4044
<br />Gold Core Drive, Grand Island, Nebraska 68801 the grantor(s) ("Grantor"). The trustee is Union Bank and
<br />Trust Company whose address is PO Box 5166, Grand Island, Nebraska 68802, ("Trustee"). The beneficiary is
<br />Union Bank & Trust Company whose address is 2008 North Webb Road, Grand Island, Nebraska 68803
<br />("Lender"), which is organized and existing under the laws of the state of Nebraska. Grantor in consideration of
<br />loans extended by Lender up to a maximum principal amount of Eight Hundred Forty Thousand and 00/100
<br />Dollars ($840,000.00) ("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of
<br />which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the
<br />following described property located in the Nebraska of Nebraska, State of Nebraska:
<br />
<br />Address: 4044 Gold Core Drive, Grand Island, Nebraska 68801
<br />Legal Description: Lot Twenty (20), Platte Valley Industrial Park Third Subdivision, an Addition to the
<br />City of Grand Island, Hall County, Nebraska
<br />
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hereditaments, equipment, rents, income, profits and royalties, personal goods of whatever description
<br />and all other rights and privileges including all minerals, oil, gas, water (whether groundwater, subterranean or
<br />otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not appurtenant to the above-
<br />described real property), wells, well pennits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br />storage rights, darns and water stock that may now, or at any time in the future, be located on and/or used in
<br />connection with the above-described real property, payment awards, amounts received from eminent domain,
<br />amounts received from any and all insurance payments, and timber which may now or later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Property").
<br />
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agreements, construction loan agreements, resolutions,
<br />guaranties, environmental agreements, subordination agreements, assignments of leases and rents and any other
<br />documents or agreements executed in connection with this Security Instrument whether now or hereafter existing.
<br />The Related Documents are hereby made a part of this Security Instrument by reference thereto, with the same
<br />force and effect as if fully set forth herein.
<br />
<br />INDEBTEDNESS. This Security Instrument secures the principal amount shown above as may be evidenced by a
<br />promissory note or notes of even, prior or subsequent date hereto, including future advances and every other
<br />indebtedness of any and every kind now or hereafter owing from Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, together with any interest or charges provided in or arising out of such
<br />indebtedness, as well as the agreements and covenants of this Security Instrument and all Related Documents
<br />(hereinafter all referred to as the "Indebtedness"). INCREASED MAXIMUM PRINCIPAL
<br />INDEBTEDNESS: Grantor hereby acknowledges that the principal amount shown above will
<br />automatically be increased by any future advances or other Indebtedness of the Grantor to the Lender.
<br />Notwithstanding the foregoing, the parties agree Jhat the total amount which is secured by this Security
<br />Instrument shall not exceed $1,260,000.00 ;,;v (Initials)
<br />
<br />FUTURE ADV ANCES. To the extent pennitted by law, this Security Instrument will secure future advances as if
<br />such advances were made on the date of this Security Instrument regardless of the fact that from time to time there
<br />may be no balance due under the note and regardless of whether the Lender is obligated to make such future
<br />advances.
<br />
<br />CROSS COLLATERALIZATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to the Lender, howsoever arising and whensoever incurred.
<br />
<br />CONSTRUCTION LOAN AGREEMENT. This Security Instrument is made in conjunction with a Construction
<br />Loan Agreement dated the same date as this Security Instrument and is subject to all of the provisions of the
<br />
<br />l;) 2004-2006 Copylight Compliance Systems, Inc, 340A-8DOF " 2006,11,182
<br />Commercial Construction Security Instrument - DU007
<br />
<br />www.compliancesystems.com
<br />800-968-8522. Fax 616.956-1868
<br />
<br />Page 1 of5
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