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<br />84 - 005446
<br />DEED OF TRUST
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<br />Huffman and Felton & Wolt. Walton. Ne 68461
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<br />THIS DEED OF TRUST, is made as of the ~ day of October 19~ by and among
<br />("Trustor"), whose maili'1g address is
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<br />Tokyo Bowl Restaurants~ Inc., a Colorado corporation
<br />3000 South Jamica Court, #390, Aurora, Colorado 80014
<br />Title Insurance Company of Minnesota
<br />c/o Spence Title Services, Inc., 1905 Harvey Street,
<br />and Hetrc National Bank, N .1\.
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<br />(''Trustee''), whose mailing address is
<br />~naha, Nebraska 68102
<br />("Beneficiary") whose mailing address is
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<br />475 17th Street, Denver, Colorado 80202
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<br />FOR V ALU ABLE CO NSIDERA TIO N, Trustor irrevocably transfers, conveys and assigns to Trustee, IN
<br />TRUST, WTIH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to thetenns
<br />and conditions of this Deed of Trost, the real property located in the City of Grand Island County of
<br />Hall State of Nebraska, and legally described as follows (the "Property''):
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<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roads,
<br />streets and alleys, improvements and buildings of any kind situated thereon and all personal property that may
<br />be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all
<br />water rights.
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<br />The Property and the entire estate and interest conveyed ro the Trustee are referred to collectively as the
<br />"Trust Estate".
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<br />FOR THE PURPOSE OF SECURING:
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<br />a. Payment o,f indebmess In the total princi~al ~.:nount ofs;!OO ',000. ~th interest thereon, as evi~~ by
<br />~litcertain prolIUSSOr; note or even date (the "Note') Wlth a m.:"nty dat.sofNov 1. 1985.& Nov :J, executed
<br />by Trus-..or, which has been delivered and is payable to th'" "";", ;)fBenefic2.y, and which by this reference is
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<br />hee~~~H~:~ ~:~sa:1v:~r::y ~i~~~fi~~t~:'pro~~;:~~O~ru:~~~~~ht.~~~~~n at the I.'.
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<br />rate or _ pe."Cent (-1lL%) per annum.
<br />TIlls Deed of Trust, the Note, and any ot.'Ier instrument given ro evidence or further secure the paymentand
<br />performance of any obligation secured hereby are referred to collectively as the "Loa.:a Instruments",
<br />TO PROTECT THE SEClJRITY OF THIS DEED OF TRUST:
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<br />L PAYMENT OF INDEBTEDNESS, Trustor shail pay when due the principal of, and the interest on, the
<br />:ndebtedness evidenced by the :-fote. charges, f~s and all other sums as provided in the Loan Instruments.
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<br />2. TAXES. Trustor shall pay each installment oi all taxes and special assessments of every kind, now or hereafter
<br />levied against the Trust Estate or any part theret:lf. beiore delinquency', without notice or demand, and shall provide
<br />Beneficiary with evidence of the payment ot' same, Trustor shail pay all taxes and assessments which may be levied
<br />upon Beneficiary's interest herein or upon this D~d ofTrus~ or the debt secured hereby, without regard to any law that
<br />may be enacted imposing payment of the whole or any part thereof upon the Beneficiary,
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<br />3, INSL'RANCE AND REP.'\IRS. Trustor shail maintain fi.re and not extended coverage insuranCl! insuring the
<br />improvements and buildings constituting part oi the Tr~st Estate for an amount no less than the amount of the
<br />unpaid principal balance oi the Note Ico.insurance not exceeding SO% permitted), Such insurance policy shall contain
<br />a standard mortgage clause in favor of Beneficiary and shaU not be cancellable, terminabieor modinablewithout ten
<br />(10) days prIOr wntten nollce to Beneficiary, Trustor shall promptly repair, maintain and replace the Trust Estate or
<br />any part ~hereoi so ~hat, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the
<br />T!"1.!sto!" co~~it '!{~:ne .~~ 0!" to ~he Trust Est: te.
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<br />t, ACTIONS AFFECTI:-';G TRL'ST ESTATE, Trustor shall appear in and contest any action or proceeding
<br />purporting to affect the secunty hereoi or the :'lghts or powers of Beneficiary or Trustee, and shall pay all costs and
<br />ex~enses. includini cost ?:' eVl,d,e;:.ce of tlt.!e :md a u,orney . s fees, ll'l any ~u~~ ~~tilln_or proce,edix:,g in which Bene!i,ci~~
<br />or i C-ustc-c ma.y appear. ::;nOU1Q 1 rustur tail to ma1\:E- any payment Or LO uu don)" act. as ana In ;;:ne manner prOVlaea In
<br />any of the Loan :nstruments, BenetlClary and; or Trustee, each in its own discretion. WIthout obligation so to do and
<br />without notice :u or demand "pon Trustor and without releasing Trustor from any obligation, may make or do the
<br />same In such manner and to such extent as either may deem necessary to protect the security hereof, Trustor shall,
<br />immediately upon demand therefor by Beneiiciary, pay ail costs and expenses incurred by Beneficiary in connection
<br />....'ith the exerCise by beneficiary oi the foregolng rights, inCluding ....'ithout limitation costs of evidence of title. court
<br />costs, ap;>raisals, surveys and attorney's fees, Any such costs and expenses not paid ,vithin ten (10) days of written
<br />demand shall draw interest 3t the default rate provided in the Note.
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<br />50 E;.~1!1":E.xIT DO~tA.L.'J. Shcwlci :""'1t 1'r.Q. E.s"~~ vi c.ny p&\. \.h~[t'Vf Dc mt.ere:i.t therein. be taken or ciamageci oy
<br />ceasar. of any public i,Ilprovement or condemnation proceeding, or in any other man..'1er including deed ill lieu of Condem-
<br />nation ("Condemnation"), or should Trustor reciv. any notice or other inionnacion regarding such proceeding. Trustor shall
<br />give prompt '-Ant"'..en notice thereofoo Beneficiary. Beneficiar)r' :ihail be r:1titled to all compensation. awards and other pay-
<br />:nents or reueftherefcr, a.."1d shall be entitled. at its option to commence, appear in and prosecur..e in ir.s Qwn name any action
<br />or proceedings, Bene.ficiary shail also be enoued to make any cornprorruse or settlement in connection with such taking or
<br />;iamage, Alj su~h "';,rnpe:::sacion, 3:\'ards, damages, rights oi acti~n ,and proceeds awarded to TruSl.Or (the ''Proce:ls'') are
<br />!'!E'!"'Iby assIgnee to benefic.a...r'}' ana. Trustor agrees to execut.e SUC~'1 !'urd:.f!~ asslgP_l'TI-enLS of t:'!e Proceoed.s as B~.nefiC1a:ry or
<br />~.1Stee may r<GUU'€.
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<br />S. APP01::-;nIENT OF Sl'CCESSOR TRL'STEE. Be::enc'.ary :nay, from '.1me to :une, by a wr!t'.en instrument
<br />~XCCiJted a.,d acclOwlaiged by Beneficiary. mailed to Truswr and Recorded In th,e County In which the Trust Estoate is
<br />lvcatf!"d l.l!\d b}' cthe%"'\.\i.se ('omp:YL"':g with the pro\-:sions of t~e appiicable la..... of..neSt3t.evfSebraska subsriruu a SL:ccessor
<br />0: succeSSOr3 t.c the T~J.stee :lamed ~erei..l"'J. ar ai..-p...I1g hereunder,
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<br />7. SL'CCESSORS ,........1) ASSIGNS, Tlu.s Dwci ofTr"s~ "ppues tD, mures U) the ,.,l1e5: d and bmd.s all partIe, hereto.
<br />thetr htJ,..~. ;fi3.t.<<.s, ..:ie\'i.~. ;.>e:s-oo..i.l.l rt:present.aoye.s. SUl.X~s.sors 3...r.'1a ::lS$lg:n.s l:'~.oe ~r::n "Bene!icHlrY" ';!,hall mean L~e
<br />.)wner ,a,tl4 ~oidt'":: )f t..~e SOLe. whet..i"er or :lOt. named as 3e:1't5.c:a.....Y h~~eL"1
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