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<br />DEED OF TRUST
<br />This Deed of Trust, made this 11th dap of August , 1980 , by
<br />and betvreen_Triangle Eaat, Inc., a Nebraska corporation ----
<br />whether one or more, hereinafter called the "Trustor", whale mailing address
<br />is 2608 Wes*_ Old Fair Rd., Grand Zsland,NE„ First Westroads Bank, Inc.,-.
<br />- hereinafter called the Trustee", whose mailing address is
<br />270 Italia Mall, Omaha. Nebraska 68114 - , and FIRST WESTRDADS
<br />BANK, ZNC., hereinafter called the "Beneficiary", whose mailing address is
<br />270 Italia Mall, Westroads Shopping Center, Omaha, Nebraska 68114.
<br />WITNE55ETH:
<br />WHEREAS, under even date hezewith, Trustor executed and delivered to
<br />Beneficiary a Promissory Note payable to Beneficiary in the principal sum of
<br />$200,000.00 with the balance of principal due on February 9th, 1981 ,
<br />which note will be referred to herein as the "Note";
<br />NOW, THEREFORE, for the purpose of securing payment of the Note,
<br />according to its termv and any extension or renewals thereof, and for the
<br />purpose of securing performance by Trustor of the agreements herein contain-
<br />ed, Trustor irrevocably grants and transfers to Trustee, in trust, with POWER
<br />OF SALE, all of the following described real estate situated in Hall County,
<br />Nebraska, hereinafter called the "Described Premises":
<br />SEE ATTACHED EXHIBIT "A"
<br />together with all buildings, fixtures and improvements upon the Described
<br />Premises, whether now or hereafter existing, all rights-of-way, easements,
<br />rents, issues, profits, income, tenements, hereditaments, privileges and
<br />appurtenances belonging, used or enjoyed in connection with the Described
<br />Premises, or any part thereof (subject, however, [e be the right, power and
<br />authority of Trustor to collect and apply such rents, issues, profits and
<br />income as they become due and nayab ie, so long as no default exists here-
<br />under) and all proceeds of conversion, voluntary or involuntary, of any of
<br />the foregoing into cash or liquidates claims, including without limitation,
<br />proceeds of insurance and condemnation awards, all of which collectively is
<br />hereinafter referrred to as the "Trust Property".
<br />To have and to hold the Trust Property upon and subject to the trusts
<br />and agreements hereinafter set forth:
<br />1. Trustor agrees to punctually pay the principal of, and interest
<br />on, the Note on the dates and at the place and in the manner provided [herein
<br />and to punctually perform all agreements, conditions and provisions of any
<br />other security instrument given in connection with this transaction.
<br />2. TrusCor, at its expense, will maintain and preserve the lien of
<br />this Deed of Trust as a first lien upon the Trust Property, will cause this
<br />Deed of Trust, and each amendment or supplement hereto, to be filed and record-
<br />ed as a mortgage of the Trust Property in suck: manner and in such places, and
<br />will take such other action as in the opinion of T?-~~s tee may be required 'oy
<br />any present or future law in order to perfect, maintain and protect the lien
<br />of this Deed of Trust, ae the same may be from time to time amended or supple-
<br />mented.
<br />3. If title to any part of the 'Trust Property shall be taken in condem-
<br />nation proceedings, by right of eminent domain or similar action, or shall be
<br />sold under threat of condemnation, all awards, damages, and proceeds are hare-
<br />by assigned and shall be paid to Trustee who shall apply such amount to the
<br />prepayment of the Note.
<br />4. Tf Trustor is a corporation, it will do all things necessary to
<br />preserve corporate existence, rights and privileges under the laws of the
<br />state of its incorporation.
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