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<br /> DEED OF TRUST, SECURITY AGREEMENT AND�IGNMFIVT OF RENTS ��.
<br /> c
<br /> � f�����t under the Nebras3ca 9'
<br /> y 1
<br /> ' � �nent coasdtutes a securiry a8��
<br /> Unifora►Comnnercial Code. This inswment also consdtutes a Conswction Sxwiry Agreenunt (
<br /> as ckfined in the Nebraska Coastruction Lien Act, Sectioas 52-125 w 52-159. R.�v�ments
<br /> 1943,and secures an obliS�on of the Ttustor incurred for the pntpos�of makin8 imP
<br /> of tl�e real estate described 1�erein•)
<br /> 'This Deed of Trust, Securiry p►8��
<br /> and Assignment of Rcnts datecl as of
<br /> November 22, 1996(the "Dad of Trust")among Mid-Nebraslca Foundation, Inc•. a Nebraska
<br /> ration(the"Ttustor"), Five Points Bank (tl�e "1Yusta")� a staLe chartered bank,
<br /> nonprofi2 corpo �y�1�r(somerimes refemed to as
<br /> � ��e hereunder,ewd Five Points Bank as &nefcciary
<br />= th,e "$CAC�ICI'dT�1"). q� 1 T N E S S E T H:
<br />' �considention of the issuance bY The C0�'of Hall,un t1�e Stau of Nebrasica
<br />'`; �the »Issver")to the B�nefu:i�ry of its Development Revenue Bond(Mid-Ne�aaslta
<br /> Foundatiun.
<br /> Inc , ProJect�� �a l�, ia the principal aznouat of 5395.000 (t1�e "Se������
<br /> p�� tp S�ctiuns 13-1101 to 13-1110, R.R.S. Neb. 19�43• as �T� � of '�5,000
<br /> _- Pr�ds fr°m the sale of which are w be used by Iss�ur for �Iaan in the amount �'
<br /> and equipPinB two residential facilitias (fouiple�ces) for
<br /> - i�T�,,.� fnr�rm�iriil¢,COnSWCl�$ �DiC Ii1i ii5c �ai�j' : L�li!=tnfit 111[IIVl� �rn�
<br /> � individuals witb develapmzntal disabilities Nebraslca,
<br /> = ��� �� �gu��gs")within a blighted area witi�u►the City of Grand �between the
<br /> • and of the enterin8 inw a Loan Agreeaneni. daud November 22, 1996, by
<br />`� Issuer and Trustor(the "L.oa►n A�
<br /> "), wbich Loan ABreement 8ovems the urms of the
<br /> "' of th�Series 1996 Bond from the Issuer W Tnutor�nd� ��o��
<br />__� loan of the Proce�s ations of Tniswr under t��e Loa� �►Si'�'
<br /> � � ��o� of� �� due on Tniswr's PromissorY Nou date�of evea daLe
<br /> = principa]and i� ����� �i amount of 5395,000,in favor of
<br /> = wit�n tbe Series 1996 Bond(the "Nou"),also in the p P� z� �
<br /> n convc uxl8ra�
<br /> — the Issuer.the Tn�stor does hereby irrevocably Sraat. y r
<br /> — Trusue,in tre�st,with Power of sale,for the bene€�Qf the Bene�ciary � �w or ��r
<br /> - � all of its right, tii1e, and i��,
<br /> - and under ttye Laaa �►��d�crilxd g�'�P�nY located in t6c �Y of Hall, in the State of
<br /> -= ��d, in tbc followin8
<br />'}� Nebraska: �� West Oix-half (W 1/2) of Lot 'l�wo (2),
<br /> Lot T� (�) gvans Addidon to the City of Grand Island,
<br /> ��� Blocic Thirtoen (13),
<br /> �''�� giall Cuunty,Nebraska, and Lot One (1)and the Fast One-half(E
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