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<br />
<br />LOAN NUMBER: 0109251753
<br />COMMERCIAL REAL ESTATE DEED OF TRUST
<br />
<br />This COMMERCIAL REAL EST ATE DEED OF TRUST ("Security Instrument") is made on March 14,2008 by
<br />THE MEADOWS APARTMENT HOMES, L.L.C., a Nebraska Limited Liability Company, whose address is
<br />PO BOX 139, Grand Island, Nebraska 68802.0139 the grantor(s) ("Grantor"). The trustee is TierOne Bank
<br />whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 , ("Trustee"). The beneficiary is
<br />TierOne Bank whose address is 1235 'N' St / PO Box 83009, Lincoln, Nebraska 68501 ("Lender"), which is
<br />organized and existing under the laws of United States of America. Grantor in consideration ofloans extended by
<br />Lender up to a maximum principal amount of Four Million One Hundred Thirty.eight Thousand and 00/100
<br />Dollars ($4,138,000.00) ("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 COUNTY of HALL, State of Nebraska:
<br />
<br />Address: 2612 CARLETON AVE, Grand Island, Nebraska 68802
<br />Legal Description: Parcell: Lots One (1), Two (2) and Three (3) of Neubert Subdivision, formerly known
<br />as Lot Twenty (20), Bosselman's Second Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />
<br />Parcel 2: Lots One (1) and Two (2), Oakwood Second Subdivision, in the City of Grand Island, Hall
<br />County,Nebraska.
<br />
<br />Parcel 3: Lots Sixteen (16), Seventeen (17) and Eighteen (18), Bosselman Second Subdivision, in the City of
<br />Grand Island, Hall County, Nebraska.
<br />
<br />Parcel 4: Suite One (1), Suite Two (2), Suite Three (3) and Suite Four (4), Oakwood Subdivision
<br />Condominium Property Regime I, in the City of Grand Island, Hall County, Nebraska.
<br />
<br />Parcel 5: Suite One (1) and Suite Two (2), Oakwood Subdivision Condominium Property Regime III, in the
<br />City of Grand Island, Hall County, Nebraska.
<br />
<br />Parcel 6: Suite No. One (1) and Suite No. Two (2), Oakwood Subdivision Condominium Property Regime
<br />II, in the City of Grand Island, Hall Connty, 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 permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br />storage rights, dams 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").
<br />
<br />@2004.2006 Copyright Compliance Sy>tems, II1C, 340A-1171- 2006.11.182
<br />Commercial Real Estate Security Instrument. IJL4007
<br />
<br />Page I of5
<br />
<br />www.compliancesystems.com
<br />80Q.968-8522 - Fax 616-956-1868
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