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<br />TRUST INDENTURE AND SECURITY AGREEMENT
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<br />(This instrument also constitutes a real estate mortgage on the interest of Grand Island Facilities '
<br />Corporation in certain real estate by virtue of certain easement rights therein.) �
<br />THIS TRUST INDENTURE AND SECURITY AGREEMENT (this "Indenture"), ��
<br />ma.de and entered into as of the first day of May, 2011, by and between Crrand Island Facilities
<br />Corporation, a nonprofit corporation organized and existing under the laws of the State of
<br />Nebraska (the "Corporation") and Wells Fargo Bank, National Association, a national banking
<br />association duly organized and existing under the laws of the United States of America and
<br />authorized to accept, administer and execute trusts of the character herein set out, with its initial
<br />designated corporate trust of�ce in Des Moines, Iowa, as trustee (the "Trustee"),
<br />WITNESSETH:
<br />NOW, THEREFORE, KNOW ALL PERSONS BY THESE PRESENTS:
<br />That the Corporation, in consideration of the premises and acceptance by the
<br />Trustee of the trust hereby created and of the purchase and acceptance of the bonds by the holders
<br />thereof and of the sum of One Dollar ($1.00) in lawftil money of the United States of America to it
<br />duly paid by the Trust� at or before the execution and delivery of these presents, and for other
<br />good and valua.ble consideration, the receipt and sufficiency of which are hereby acknowledged, in
<br />order to provide for and secure the payment of the principal of and interest on the bonds issued as
<br />herein provided according to their tenor and the performance of all the covenants expressed or
<br />implied herein and in the bonds, does hereby grant, grant security interest in, bargain, sell, assign,
<br />WHEREAS, the Corporation, as seller and lessor, has entered into a Lease Purchase
<br />Agreement, dated as of July 12, 2005 as supplemented by an Addendum to Lease Purchase
<br />Agreement dated as of October 1, 2005 and a Second Addendum to Lease Purchase Agreement
<br />dated May 1, 2011 (collectively, the "Agreement") with the City of Grand Island, in the County of
<br />Ha11, in the State of Nebraska (the "City"), as purchaser and lessee, under which the Corporation
<br />has sold and leased to the City the Project (as defined in Article I hereof and descn�bed in greater
<br />detail on E�ubit A hereto attached);
<br />WHEREAS, in order to obtain funds to refund the Corporation's Building Bonds
<br />(Lbrary Project), Series 2005, it is necessary for the Corporation to issue its bonds in the amount
<br />of Three Million Seven Hundred Ninety-five Thousand Dollars ($3,795,000), said bonds to be paid
<br />out of and secured by a pledge of the Agreement and the payments to become due thereunder and
<br />the Trustee has agreed to act as Trustee under this Indenture for the holders of the bonds issued as
<br />hereinafter provided;
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