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<br />TRUST DEED - THIRD PARTY 04 .r fj ~ ~ ~ ~ `9
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<br />THIS TRUST DEED is made this J ~ day of February, 1984, among the
<br />Trustor, 4-M AGRICULTURAL ASSOCIATES, INC., a Nebraska corporation of Grand-ls2aad,
<br />Nebraska, GARY R. METTENBRINK and ROXANNE METTENBRINK, husband and wife, JOHN D.
<br />METTENBRINK, a single person, LYNN METTENBRINK, a single person, THOMAS L. YORK sad
<br />CAROL A. YORK (a/k{a CAROL METTEN$RINK YORR), husband and wife, and- ARLENE
<br />I~TTENBRINK, a widow (herein "Trustor"}, NORWEST BANK OMAHA SOUTH, N.A. (herein
<br />"Trustee"}, a national banking association of 24th a¢d "L" Streets, Omaha, Nebraska
<br />68101 and the Beneficiary, NORWEST BANK SOUTA, N.A., a national banking association
<br />of 24th & "L" Streets, Omaha, Nebraska 6$107 (herein "Lender"}.
<br />WHEREAS, Trustor, being interested in the financial success of riETTENBRINK
<br />FARMS, INC., a Nebraska corporation of Grand Island, Nebraska and 4-M AGRICULTURAL
<br />ASSOCIATES, INC., a Nebraska corporation of Grand Island, Nebraska (herein, unless
<br />otherwise individually referred to, "Borrower"), has executed and delivered to Lender
<br />their unconditional personal guaranties of payment of the indebtedness of Borrower to
<br />Lender and have otherwise agreed to Canvey the real estate described below to Lender,
<br />in trust, as security for repayment of the indebtedness of Borrower to Lender; sad
<br />WHEREAS, Borrower has applied to Lender for one or mare loans, letters of
<br />credit or other financial accammodations and may hereafter from time to time apply to
<br />Lender for additional loans, letters of credit or other financial accommodations in
<br />any amount; and
<br />WHEREAS, Borrower is, in addition to such ether indebtedness from Borrower
<br />to Lender as may exist, .indebted to Lender as follows:
<br />(i) February~..i, 1984 Promissory Nate of Mettenbrink Farms, Inc. in
<br />the original principal sum of Four Hundred Twenty-Five Thousand
<br />Dollars ($425,000.00), payable on demand, bearing interest at
<br />two (2$) percent over Lender's agricultural prime rate and
<br />interest payable yuarterly;
<br />(ii) February~.3, ]484 Promissory Note of Mettenbrink Farms, Inc. 'in
<br />the original princrpal. sum of Three Hundred Sixty-F'fve Thousand
<br />Dollars ($355,000.00), payable on demand, bearing interest at
<br />twe (l~) percent over lender's agricultural prime rate and
<br />interest payable quarterly;
<br />(iii) February ~, 1984 Promissory Note of Mettenbrink Farms, Inc. in
<br />the original principal sum of One Hundred Fifteen Thousand
<br />Dollars ($115,000.00), payable on July 31, ]984, in full,
<br />bearing interest at two (2~} percent over Lender's agricultural
<br />prime; and
<br />(iv) February ~ , 1984 Promissory Note of 4-M Agricultural
<br />Associates, Inc. in the original principal sum of Three Hundred
<br />Thousand Dollars ($300,000.00), payable on demand, bearing
<br />interest at twa (2~) percent over Lender`s agricultural prime
<br />rate and interest payable quarterly;
<br />all of which indebtedness is hereinafter referred to as the "Note"; and
<br />WHEREAS, Lender has required as a condition precedent to the continuatio^
<br />andlor extension of any financial accommodations to Borrower that Trustor execute
<br />this Trust Deed for the purpose of securing payment of all indebtedness owing by Bor-
<br />rower and such further indebtedness of Borrower as may hereafter, from time to time,
<br />be owing by Borrower to Lender:
<br />NfBd, 'PHEREFORE, is the context of the foregoing preamble paragraphs, which
<br />garagraphs are by this reference specifically made a contractual part of this Trust
<br />Deed, and for the purpose of securing, I^ such order of priority as Lender may elect:
<br />(a) the repayment of the indebtedness evidenred by the Note, and
<br />any and all extensions, modifications, substitutions and renew-
<br />als thereof, whether or not the instruments evidencing such
<br />indebtedneas make reference to this Trust Deed;
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