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84005068
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84005068
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Last modified
11/20/2008 9:04:00 PM
Creation date
11/20/2008 9:03:57 PM
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DEEDS
Inst Number
84005068
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<br /> <br />84 --""! 005068 <br /> <br />r <br /> <br />obli~atory advances up to the credit limi ts establishe~ <br />and shall, to the extent permitted by law, have <br />mechanics' liens, if any. arising after this Deed is <br /> <br />3.4. Security Aareement, This beed, to the <br />conveys personal property or items of personal propert"!{ <br />to become fixtures, shall also be construed as a <br />agreement under the Uniform Commercial Code as in efiect" <br />State of Nebraska. <br /> <br />3.5, Def easanc~, Upon full payment of all indebtedness <br />secured hereby and satisfaction of all the Liabilities in ac- <br />cordance with their respective terms and at the time and in the. <br />manner provided, and when the Beneficiary has no furth(,d:: <br />obligation to make any advance or extend any credit under. the" <br />Loan Agreement. this conveyance shall be null and void, and <br />thereafter, upon demand therefor, an appropriate instrument of <br />reconveyance or release shall in due course be made by the <br />Beneficiary to the Grantor at the Grantor's expense, <br /> <br />3,6. Notices, Each notice, demand or other communication in <br />connection with this Deed shall be in writing and shall be deemed <br />to be given to and served upon thf> addressee thereof (i) upon <br />actual del~very to such addresse'" 11' its add"'E!ss set out above, <br />or (ii) on the fourth business ./ after the deposi t tJ.~ereof -in <br />the United States mai:, certi1ied mail, first-class postage <br />prepaid, addressed to such addressee at its address set out <br />above, By not~ce comply~ng w~th this section, any party may from <br />time to t~me deslgnate a different address as its address for the <br />purpose of the receipt of notices hereunder, <br /> <br />3-;. Successors: The Grantor; Gender; All prOVisions hereof <br />snal.l ::.nure .~-and b-lnd the part~es and their re~pective <br />successors, vendees and as:>lgns, The word nGrantor" shall <br />lnclude all persons cla::.ming under or through the Grantor and all <br />persons l~able for the payment or performance of any of the <br />Llabili t~es whether or not: such persons shall have executed the <br />Note or th1 s :::leed, Wherever used, the singular number shall <br />~nclude the plura:, the plural the s~ngular, and the use of any <br />gender shall be appl::.cable to all genders, <br /> <br />3,8, ~ar~ l:>..Y. .1:l:l~_. ~en~f1~~, The Beneficiary shall be <br />deemed to have exel'C1 sed reasonable care in the custody and <br />preservat10n of any of the Collateral in its possessl.on if it <br />takes such action for that: purpose as the Granto).' requests in <br />writlng. but fa~lure of t:he Beneficiary to comply with any such <br />request: shall not of itself be deemed a failure to exercise <br />reasonable care, and no failure of the Benefic1ary to preserve or <br />protect any rights with respect to such Collateral against prior <br />parties, or to do any act with respect to the preservation of <br />such Collateral not so requested by the Grantor, shall be deemed <br />a failure to exerCl.se reasonable care in the custody or <br />preservat10n of such Collateral, <br /> <br />3, 9. ~9bliga':1on ~.!!....Beneflc"~ary, This Deed is intended <br />only a6 secur~t:y for 'the Liabilities_ Anyth1ng herel.n to the <br />contrary notwi thstandlng, (i) the Grantor shall be and remain <br />liable under and wlth respect to the Collateral to perform all of <br />the obl1gat::.on5 assumed by 11: under or wi th respect to each <br />thereof, (l.ll the Benefl.ciary shall have no obl~gat~on or <br />liabi 11 ty under or wi th respect to the Collateral by reason or <br /> <br />, <br />L <br /> <br />-.22- <br /> <br />L <br />
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