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86-- 105248
<br />The undersigned hereby acknowledges and understands that (a) the document to be executed is a Trust Deed
<br />and not a mortgage and (b) the power of sale provided for in the Trust Deed provides substantially different rights
<br />and obligations to the Trustor than a mortgage in the event of a defaWt or breach of obligation.
<br />Dater! this 11th day of September 1986 , at 3'!z PM.
<br />DEVCO (II I CORPORA N, a Nebraska
<br />,.- ration
<br />UI6G�� er, eresicient
<br />TRUST DEED
<br />THiS TRUST DEED, made this llth day of termer 19 , by and among
<br />Devco Investment Corporation, a Nebraska corporation
<br />whose mailing address is P.O. Box 4500, 4616 Pierce Drive, Lincoln, NE 68504
<br />(Street) (City) (State and Zip)
<br />(herein "Trustor ")- and FirsTier Bank, National Association, Lincoln, Nebraska
<br />c/o eat Estate gal 7-HKI on
<br />whose mailing address is P.O. Box 81008 Lincoln Nebraska 68501
<br />(Street) (City) (State and ZP)
<br />(herein "Trustee "); and FIRST NATIONAL SANK & TRUST COMPANY OF LINCOLN, a National Banking
<br />Association, whose mailing address is 13th & "M" Streets, P. O. Box 81008, Lincoln, Nebraska 68501, (herein
<br />"Beneficiary" ).
<br />FOR VALUABLE CONSIDERATION, Trusmr irrevocably grants, transfers, conveys and assigns to Trustee,
<br />IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms
<br />and conditions of this Trust Deed, the following described real property, located in Hall
<br />County, Nebraska:
<br />All Trastor's Leasehold interest in lots 1 and 2, Parking R-mp Subd Vision,
<br />a replat of Lots 5, 6 and 7, Block 79, Original Town of Grand Isla-td,
<br />Nebraska, as treated by the Redevelommi: Agreement and Tea se dated Oc11_Ober
<br />31, 1985 ( "Lease ") by and between the City of Grand Island, Nebraska, a
<br />tram=Pal corporation as Landlord and Tru -stor as Tenant of Lct 1 anal TL-- nt
<br />of Lot 2 including any amendments, modifications , extensions or substitt:t e-s
<br />thereto hereoefore or hereafter executed by the City of Grand Island, Nebraska,
<br />its successors or assigns and tie Trustor and its successors or assrps.
<br />TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the real property; ail
<br />leases or subleases covering the real property or any portion thereof, now or hereafter existing or entered into, and
<br />all right, title and interest of Trustor thereunder; all interests, estate or other claims, both in law and in equity,
<br />which Trustor now has or 1118y hereafter acquire in the real property; all easements, rights -of -way, tenements,
<br />herediuments and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water stock;
<br />all right, title and interest of Trustor, now owned or hereafter acquired, in and to any !and lying within the right-
<br />of-way of any street or highway adjoining the real property, any arid all buildings, fixtures, improvements, and
<br />appurtenances now or hereafter erected thereon or belonging thereto, (herein referred to as "improvement" or
<br />"Improvements "); and any and all awards made for the taking by eminent domain, or by any proceeding or purchase
<br />in lieu thereof, of the whole or any pan of the real property.
<br />All of the foregoing estate, Property arid interest hereoy conveyed to Trustee herein coilectevely referred to
<br />as the "Property ".
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