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<br />CONSTRUCTION SECURITY AGREEMENT �
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED �� �
<br />OF TRUST I
<br />�
<br />Tbis COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST ("Security Instrument") is made on
<br />July 12, 2011 by the grantor(s) Rief Development, L.L.C., a Nebraska L'vnited Liability Company, whose address
<br />is 315 Ponderosa Drive, Gr$nd Island, Nebraska 68803 ("Grantor"). 'The trustee is Arend R Baack, Attorney
<br />whose address is P.O. Boz 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand Island whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"), which is organized and existing under the laws of the United States of America.
<br />Grantor in consideration of loans extended by Lender up to a maximum principal amount of Nine Hundred
<br />Twenty Thousand and 00/100 Dollars ($920,000.00) ("Maximum Principal Indebtedness"), and for other
<br />valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee,
<br />in trust, with power of sale, the following described property located in the County of Hall, 5tate of Nebraska:
<br />Address: 3222 W. Faidley Avenue, GRAND I5LAND, Nebraska 68803
<br />Legal Description: See Exhibit "A"
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hereditaments, equipment, rents, income, profits and royalties, personal goods of whatever description
<br />and all other rights and privileges including a11 minerals, oil, gas, water (whetber groundwater, subterranean or
<br />otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not appurtenant to the above-
<br />described real property), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br />storage rights, dams and water stock that may now, or at any time in the future, be located on andlor used in
<br />connection with the above-described real property, payment awards, amounts received from eminent domain,
<br />amounts received from any and a11 insurance payments, and timber which may now or later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Property").
<br />This is a PURCHASE MONEY DEED OF TRUST.
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agreements, construction loan agreements, resolutions,
<br />guaranries, environmental agreements, subordination agreements, assignments of leases and rents and any other
<br />documents or agreements executed in connection with this Security Instrument whether now or hereafter existing.
<br />The Related Documents are hereby made a part of this Security Instrument by reference thereto, with the same
<br />force and effect as if fully set forth herein.
<br />INDEBTEDNESS. Ttus Security Instrument secures the principal amount shown above as may be 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 kind now or hereafter owing from Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, together with any interest or charges provided in or arising out of such
<br />indebtedness, as well as the agreements and covenants of this Security Instrument and all Related Documents
<br />(hereinafter all referred to as the "Indebtedness").
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument will secure future advances as if
<br />such advances were made on the date of this Security Instrument regardless of the fact that from time to time there
<br />may be no balance due under the note and regardless of whether Lender is obligated to make such future advances.
<br />CROSS COLLATEItALI7ATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to Lender, howsoever arising and whensoever incurred.
<br />CONSTRUCTION LOAN AGREEMENT. This Security Insirument is made in conjunction with a Construction
<br />Loan Agreement dated the same date as this Security Instrument and is subject to all of the provisions of the
<br />Construction Loan Agreement as if those provisions were fully set forth in this security Instrument and made a part
<br />of it.
<br />WARRANTIES. Grantor, for itsel� its heirs, personal representatives, successors, and assigns, represents,
<br />warrants, covenants and agrees with I,ender, its successors and assigns, as follows:
<br />8 2004-2010 Complianca Systema, Inc. F947-D988 - 2010.05.365
<br />Commercial Construction Secutity Ivsh�ent - DL4007 Page 1 of5 www.complianccgystema.com
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