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<br />TRUST DEED - THIRD PARTY 84 .--f) G 0 7 2 2
<br />THIS TRUST DEED is made this ~ day of February, 1984, aeong the
<br />Trustor, GARY R. METTENBRINK and ROXANNE METTENBRINK, husband and wife, JOHN'. D.
<br />METTENBRIh7C, a single person, LYNN PiBTTENBRIN%, a single person, THUMAS L. YaR&-and
<br />CAROL A. YORK, husband and wife, and ARLENE METTENBRINR, a widow (herein "Txustos"),
<br />NORWEST BANK OMAHA SOUTH, N.A. (herein "Trustee"), a national banking. association-of
<br />24th and "L" Streets, Omaha, iebraska 68107 and the Beneficiary, NORWEST BANK SOUTR,
<br />N.A., a national banking association of 24th & "L" Streets, Omaha, Nebraska 68107
<br />(herein "Leader")
<br />WHEREAS, Trustor, being interested in the financial success of METTENBRINK
<br />FARMS, INC., a Nebraska corporation of Grand Island, Nebraska. and 4-M AGRIGULTURAL
<br />ASSOCIATES, INC., a Nebraska corporation of Grand Island, Nebraska (herein, unless-
<br />otherwise individually referred to, "Borrower'"), has executed and delivered to Leader
<br />their unconditional personal guaranties of payment o£ the indebtedness of $orrower to
<br />Lender and have otherwise agreed to convey the real estate described below to Leaden;
<br />in trust, as security for repayment of the indebtedness of Borrower to Lender; and
<br />WHEREAS, 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 />WHEREAS, Borrower ts, in addition to such other indebtedness from Borrower
<br />to Lender as may exist, indebted to Lender as follows:
<br />(i) February ~, 1984 Promissory Note of Uettenbrink Farms, Inc. in
<br />the original principal sum of Four Hundred Twenty-Five Thousand
<br />Dollars ($425,000.00), payable an demand, bearing interest at
<br />two (2~) percent. aver Lender's agricultural prime rate and
<br />interest payable quarte rlv;
<br />(ii} Februarp)~, 1984 Fromissory Note of Mettenbrink Farms, Inc. in
<br />the original princfgal sum of Three Hundred Sixty-Five Thousand
<br />Dollars {$365,000.00), payable on demand, bearing interest at
<br />two (2%) percent over Lender's agricultural prime rate and
<br />interest payable quarterly;
<br />(iii} February ~, 1484 Fromissory Note of Mettenbrink Farms, lac. in
<br />the original principal swn of One Hundred Fifteen Thousand
<br />Dollars ($115,OOD.00), payable on July 31, 1984, in full,
<br />bearing interest at two (2~) percent over Lender`s agricultural
<br />prime; and
<br />(iv) February j~, 1984 Promissory Note of 4-M Agricultural
<br />Associates, inc. in the original principal sum of Three Hundred
<br />Thousand Dollars {$3DD,DDD.OD), payable on demand, 'hearing
<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 />and/or extension of any financial accommodations to Borrower that Trustor execute
<br />this Trust Deed far the purpose of securing payment. of all indebtedness awing by Bor-
<br />rower and such further indebtedness of Borrower as may hereafter, from time to time,
<br />he 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 Nate, and
<br />any artd all extensions, modifir.atiana, substitutions and renew-
<br />als thereof, whether or not t-he instruments evidencing such
<br />iudebtedness make reference to this Trust 1}eed;
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