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<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is made effective as of the 1st day of November, 2008, by and
<br />among Tagart, Inc., a Nxbraska corporati~~ wJw.s~ ~1ling address is
<br />cl90K O/tf) ~ I/' ~ tV (; r~ -"11) Ts 1::. ~ ,tffiiMlSrj:' Arthur R. Langvardt, whose mailing
<br />address is 622 Eastside Boulevard, Hastings, NE 68901 (the "Trustee"), and Automotive
<br />Marketing, Inc., whose mailing address is P.O. Box 432, Hastings,NE 68902-0432 (the
<br />"Lender").
<br />
<br />FOR VALUABLE CONSIDERA nON, including Lender's extension of credit described
<br />herein to Trustor and the trust created herein, the receipt of which is hereby acknowledged,
<br />Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and
<br />conditions hereinafter set forth, the real property described in Exhibit A, which is attached hereto
<br />and incorporated herein by this reference, together with all buildings, improvements, fixtures,
<br />streets, alleys, passageways, easements, rights, privileges and appurtenances located thereon or
<br />in anyway pertaining thereto, and the rents, issues and profits, reversions and remainders thereof,
<br />and such personal property that is attached to the improvements so as to constitute a fixture,
<br />including, but not limited to, heating and cooling equipment, all of which, including
<br />replacements and additions thereto, is hereby declared to be a part of the real property secured by
<br />the lien of the Deed of Trust and all of the foregoing being referred to herein as the "Property."
<br />
<br />This Deed of Trust shall secure: (a) the payment of the principal sum and interest
<br />evidenced by a Promissory Note, dated effective November I, 2008, in the original principal
<br />amount of Three Hundred Eighty Seven Thousand and 00/100 Dollars ($387,000.00) (the
<br />"Note"), and any and all modifications, extensions and renewals thereof or thereto and any and
<br />all future advances and re-advances to Trustor hereunder or under the Note; and (b) the
<br />performance of all covenants and agreements of Trustor set forth herein. The Note and this Deed
<br />of Trust shall be referred to herein and the "Loan Documents."
<br />
<br />Trustor covenants and agrees with Lender as follows:
<br />
<br />due.
<br />
<br />I. Payments of Indebtedness. All indebtedness secured hereby shall be paid when
<br />
<br />2. Title. Trustor is the owner of the Property, has the right and authority to convey
<br />the Property, and warrants that the lien created hereby is a first and prior lien on the Property.
<br />The execution and delivery ofthe Deed of Trust does not violate any contract or other obligation
<br />to which Trustor is subject.
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