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20~.oo~49s <br />(Space Above Reserved for Register of Deeds) <br />This Instrument Prepared by: <br />Tanya D. Marsh, Esq. <br />FROST BROWN TODD LLC <br />201 North Illinois Street, Suite 1900 <br />P.O. Box 44961 <br />Indianapolis, Indiana 46244-0961 <br />Telephone: 317-237-3910 <br />DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY INSTRUMENT <br />(Grand Island, Nebraska) <br />THIS DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY <br />INSTRUMENT is made as of the 6th day of August, 2009, by Pedcor Investments, A Limited <br />Liability Company, a Wyoming limited liability company ("Grantor") to Chicgaga Title <br />Company, by its agent Nebraska Title Company, 6003 Old Cheney Road, 3rd Floor, Lincoln, <br />Nebraska 68506-0169 ("Trustee") far the benefit of The Huntington National Bank, a national <br />banking association ("Beneficiary"): <br />RECITALS: <br />A. Pursuant to the terms, conditions and covenants of that certain Laan Agreement <br />("2009 Loan Agreement") by and between Grantor, Bruce A. Cordingley, and Phillip J. <br />Stoffregen (collectively, "Borrowers") and Beneficiary of even date herewith, Beneficiary has <br />agreed to loan to Borrowers the original principal amount of Two Million Five Hundred and <br />Fifty Thousand Dallars ($2,550,000) (the "2009 Loan"), The 2009 Loan shall be evidenced by a <br />certain Nate of even date herewith (the "Nate") made by Borrowers payable to Beneficiary in the <br />principal amount of the Loan and the Loan shall be due on July 31, 2012 (the "Laan Maturity <br />Date">. <br />B. In addition, Grantor is indebted to Beneficiary in connection with that certain <br />Master Loan Agreement dated July 12, 2005, in the maximum outstanding amount of Seven <br />Million Dallars ($7,000,000) (the "Master Loan Agreement") evidenced by certain promissory <br />notes issued in connection with the Master Loan Agreement with various maturity dates <br />(collectively, the "Land Loan Notes"); and certain subsidiaries of Grantor are indebted to <br />Beneficiary in connection with: (1) that certain Construction Loan Agreement and that certain <br />Mortgage Nate (the "2007 Note") both dated September 25, 2007 in the original principal <br />amount of Eight Million One Hundred Thousand Dollars ($8,1p0,000) (collectively, the "2007 <br />Laan Agreement") by and between Pedcor Investments-2007-XCVIII, L.P., an Indiana limited <br />