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<br />84 .~-~G0720
<br />TRUST DEED - THIRD PARTY
<br />TH°iS TRUST DEED is made this _..1,~_ day of February, 1984, anions the
<br />Trustor, GARY R. METTEN$RINIC and ROXANNE 1~T1'ENBRIMR, hushed"d• add wife, (herein
<br />"Trustor"), NORriEST BAN& OMARA SOUTH', N.A. (herein- "Trustee"), a national banking
<br />association of 24th and "L" Streets, Omaha, Nebraska 6$107 and the Beneficiary,
<br />NORWEST BANK SOUTH, N.A., a national banking association of 24th &'"L" Streets, -
<br />Omaha, Nebraska 68107 (herein "Lender").
<br />tilIEREAS, Trustor, being interested in the financial success of''MBTTENBRINK
<br />FARMS, INC., a Nebraska corporation of Grand Island, Nebraska and 4-M'°AfaRICULTURAL
<br />ASSOCIATES, INC., a Nebraska corporation of Grand Island, Nebraska (hotels, unless•-
<br />otherwise individually referred to, "Borrower"), has executed aad delivered to Lender
<br />their unconditional personal guaranties of payment of the indebtedness of $grrower to:
<br />Lender and have otherwise agreed to convey the real estate destribed below to Londe;-;
<br />in trust, as security for repayment of the indebtedness of Borrower to Lender; and
<br />W1D'.REAS, Borrower has applied to Lender for one or more loans, letters.-of
<br />credit or other financial accommodations 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 />W[iEREA5, Borrower is, in addition to such other indebtedness from Borrower
<br />to Lender as may exist, indebted to Lender as follows:
<br />(i) February ~7 1984 Promissory Note of Hettenbrink 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 quarterly;
<br />{ii) February~~~,,, 1984 Promissory Note of Hettenbrink Farms, Inc. in
<br />the original principal sum of Three Hundred Sixty-Five Thousand
<br />Dollars ($365,000.00), payable on demand, bearing interest at
<br />two (2x) percent nver Lender's agricultural prime rate and
<br />interest payable quarterly;
<br />(iii) February~~, 1984 Promissory Note of Hettenbrink Farms, Inc. in
<br />the original principal sum of One Hundred Fifteen Thousand
<br />Dollars ($115,000.00), payable on .Iuly 31, 1484, in full,
<br />hearing interest at two (2y,) 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 two (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 continuation
<br />andjor 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 />NOW, THEREFORE, in the context of the foregoing preamble paragraphs, which
<br />paragraphs are by this reference specifically made a contractual part of this Trust
<br />Deed, and. for the purpose of securing, in such order of priority as Lender may elect:
<br />{a) the repayment of the indebtedness evidenced by the Note, and
<br />any. and. all extensions, modifications, substitutions and renew-
<br />als thereof, whether or not the instruments evidencing such
<br />indebtedness make referents to this Trust Deed;
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