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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island, NE 68803
<br />
<br />1-"7. ()O
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />- ......,.,.,<.--'~~,:',!lIlil~~.;:.:_..'
<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $170,000.00.
<br />
<br />THIS DEED OF TRUST is dated July 23, 2008, among OLSON AUCTION, INC. A/K/A OLSON FURNITURE &
<br />AUCTION, INC.; A/K/A OLSON FURNITURE and AUCTION, INC.. A CORPORATION; A/KIA OLSON
<br />FURNITURE and AUCTION ("Trustor"); Five Points Bank, whose address is North Branch, 2015 North
<br />Broadwell, Grand Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE 68802-1507 (referred
<br />to below as "Trustee").
<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 rights, royalties, and profits relatinll to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />
<br />PARCEL A: THE NORTHERLY SIXTY-ONE (61) FEET OF LOTS ONE (1) AND TWO (2) IN BLOCK EIGHT (8)
<br />IN JOHN VOITLE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, (WHICH
<br />PROPERTY HAS AT VARIOUS TIMES BEEN DESCRIBED AS BEING IN "VOITLE'S ADDITION'''); PARCEL B:
<br />SOUTHERLY SEVENTY-ONE (71) FEET OF LOTS ONE (1) AND TWO (2) IN BLOCK EIGHT (8) IN JOHN
<br />VOITLE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA; PARCEL C: LOT
<br />EIGHT (8) IN BLOCK EIGHT (8) IN JOHN VOITLE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA: AND PARCEL 0: LOT SEVEN (7) IN BLOCK EIGHT (8) IN JOHN VOITLE'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The Real Property or its address is commonly known as 721 N CHERRY STREET; 716 N. SAINT PAUL ROAD:
<br />624 E. 7TH STREET; AND 616 E. 7TH STREET, GRAND ISLAND, NE 68801-2764. The Real Property tax
<br />identification number is 400104415; 4000104407 ;400104431: 400104423.
<br />
<br />CROSS-COLLATERALIZATlON. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of either Trustor or Borrower to Lender, or anyone or more of them, as well as all claims by Lender against Borrower and Trustor
<br />or anyone or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether
<br />voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or
<br />unliquidated. whether Borrower or Trustor may be liable individually or jointly with others, whether obligated as guarantor, surety,
<br />accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of
<br />limitations. and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Borrower or Trustor
<br />whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust secures, in addition
<br />to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Borrower or Trustor, together with all interest
<br />thereon; however, in no event shall such future advances (excluding interest) exceed in the aggregate $170,000.00.
<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 />
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