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<br />(Space Above This L"me For Rcrording Data)
<br />CO1vSTRUCTTON SECURITY AGREEMENT
<br />FEITURE ADVANCES AND FUTURE OBLIGATIOlY5 ARE SECURED BY THIS REAL ESTATE DEED
<br />UF TRUST
<br />This COMMERCiAL CONS'FRUCTION RF.AL ESTATE DEED OF TRUST ("Security Instrument") is made on
<br />March 7, 2011 by the grantor(s} GABS, L.L.C., a Nebrasica Limited Liability Company, whose address is 404
<br />Wyandotte Street, Graad Island, Nebraska 68801 {"Grantor"). The uustee is Union Bank & Trust Company
<br />whose address is 3643 South 48th Street, Lincoln, Nebraska 68506 ("Tmstee"), The be�neficiary is Union Bank
<br />& Trust Campany whose addrexs is 3643 South 48th Street, Pd Boa 82533, Llncoln, Nebraska G8501-2535
<br />("Lender"), which is organized and existing under the laws of tfie State of Nebraska. Grantor in consideration of
<br />loans extended by Lender up W a maximum principal amount of Three Hundred Twenty Thousand and
<br />00/t00 Doltars ($320,000.00) ("Msximum Principal Indebtedness"), and for other valuable consideration, the
<br />receipt of which ia acknowiedged, irrevocably grants, comeys and assigns to Trustee, ia trust, wiEh power of sale,
<br />the following described property located in the County of Hall, State of Nebraska:
<br />Address: 732 N Diera Avenue, Grand Island, Nebraska 68801
<br />Legal Description: Uait 732, Replat of Unit 101, Crane Valley #2 Condomiaium Property Regtme, in the
<br />City of Grand Istand, Ha12 County, Nehraska
<br />Together with all easements, appurtenances abutting sh��s aud alleys, imgrovcmen�, buildings, fixtures,
<br />tenements, hereditaments, equipment, rents, income, profits and royaMies, personat goods of whatever description
<br />and all other right� and privileges including all minerals, oil, gas, water (whether groundwater, subterranean or
<br />otherwise), water rigizts (whether ripazian, appropriace or otherwise, and whether or not appurtenant to the above-
<br />described reai property}, welts, welt pemiits, ditches, ditch rights, reservoirs, rescrvoir rights, reservair sites,
<br />storage rights, darns and wate� stock that may now, or at any time in fhe future, be iocated on andJar used in
<br />connection with the above-described real property, paymenl awards, amounts raceived from eminent domain,
<br />amounts received from aay ainl atl in,surauce payments, and timber which may now or ]ater be Iocated, situated, or
<br />affixed on and used in connection therewith (hereinafter calted tlxe "Property").
<br />This is a PURC$ASE MONEY DEED OF TRUST,
<br />RELATED DOCUMENTS. Ttae words "Related Documents" mean all promissory notes, security agreemcnts,
<br />prior mortgages, prior dee�ls of trust, business loan agreements, conswction loan agreements, resolutions,
<br />guaranties, environmeata] agreements, subordination agreemenu, assignments of leases and retsrs and any other
<br />documents or agreements executed in comiectian with dvs Securiry Instrument ufiether now or hereafter existing.
<br />The Retated Documents are hereby madc a part of this Security Instr�ment by refere�e tteereto, with the same
<br />force and effect as if fully set forth herein.
<br />INDEBTEDNESS. Tfiis Security Instrument secures the principaI amount shown above as may 6e evidenced by a
<br />promissory note or notes of even, prior or subsequent date hereto, including future advances and every other
<br />indebtedness of any and every kirni now or heresfter owing from Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or condngent, togethez with any interest or charges provided in or arising out of such
<br />indebtedness, as well as the agreements and covenants of tivs Security Instnunent and aIl Related Documena
<br />(hereinafler all referred to as the "Indebtedness"). INCREASED MAXIMUM PRINCIPAI.
<br />IIHDEBTEDNESS: Grantor hereby acknoovledges that the priucipal amonnt sLown above wiH
<br />automatically be increased by any future advances or other Indebtedness of tlte Grantor to the Lender.
<br />Notwithstand3ag the foregoing, the partiea agree that the total amount which is secared by this Securify
<br />Instrument shaN not exceed $640,OQ0.00. (Initiais)
<br />F[1'd'iTRE ADYANCES. To the extent perneitted by law, this Security Instrument will secure future advances as if
<br />such advarrces were made on the date of this Securiry inshvment regardiess of the fact that from ame to teme there
<br />may be no balance due under thc note and re$ardtess of whether Lender is obFigaud to make such fuhve advances.
<br />CROSS COLi,ATERALIZATION. It is the expressed irnent of Grantor w cross coltateralize ali of its
<br />Indebtedness and obiigations to I.ender, howsoever arisiug and whensoever incurced.
<br />CONSTRUCTIOIV LOA1V AGREEMENT. This Security Inshvment is made in conjunetion with a Construction
<br />L.oan Agreemeni dated the same date as this Security InsUwnent and is subject to all of the provisions of the
<br />Construcrion i..osu Agreement as if those provisions were fulty set forth in this security Insinunent and made a part
<br />of it.
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