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<br /> 98-1���►9
<br /> NEBRASKA
<br /> SECOND DEED OF TRUST ��
<br /> (HBA Loan) ���y^
<br /> � , �
<br /> This Second Deed of Trust (this "Second Deed of Trust"), is made as of March 20th , 1998 . by and a ong
<br /> RICKY A WEBER . AN UNMARRIED INDIVIDUAL (^Trustor"),
<br /> whose mailing address is 903 W 12TH GRAND ISLAND NEBRASKA 68801
<br /> COMMERCIAL FEDERAL BANK. A FEDERAL SAVINGS BANK ("Trustee"), whose mailk►g
<br /> address is 9850 "M"ST. OMAHA. NE 68127-2056 Nebraska;
<br /> and Nebraska Investment Finance Authorky ("Bene(iciery"), whose mailing address is 200 Commerce Court, 1230 O Street, Lincoln, Nebraska
<br /> 68506-1402.
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SAIE, for
<br /> the benefit and securRy of Beneficiary, under and subject to the terms and conditions oi this Second Dsed of Trust, the real property, legally
<br /> descr�ed on Exhibk A attached hereto and incorporeted herein by reference (the "Property"); and
<br /> TOGETHER WITH, all rents, profks, royafties, income and other benefits derived irom the Property (collectivey, the "rents"), all leases or
<br /> subleases covering the Property or any portion thereof now or herea(ter existing or entered hto, and all right, tkie and interest of Tnastor
<br /> thereunder, ell right, titte and interest o( Trustor in and to any greater estate h the Property owned or hereafter acquired, all interests, estate
<br /> or other claims, both in law and in equity, which Trustor now has or may hereaiter acquire in the Property, all easements, rights-of-way,
<br /> tenements, hereditaments and appurtenances thereof and thereto, ali water rights, all right, tkle and interest of Trustor, now owned hereafter
<br /> acquired, in and to any Iand, lying within the right-of-way of any street or highway adjoining the Property, and any and all aileys and strips
<br /> and gores of land adjacent to or used in connection with the Property, and eny and all build�gs, fixtures and improvements now or hereafter
<br /> erected thereon (the "Improvements"), and ali the estate, interest, right, title or any claim or demand which Trustor now has or may hereafter
<br /> acquire in the Property, and any and all awards made for the taking by emMent domain, or by any proceeding or purchase in lieu thereof, of
<br /> the whole or any part of the Trust Estate, including without limRation any awards result�g irom a change of grade of streets and awards for
<br /> severance damages.
<br /> The Property and the enti�e estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate".
<br /> For the Purpose of Securing:
<br /> A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and
<br /> e. Payment of all sums advanced by Beneficlary to protect the Trust Estate, with interest thereon at the rate of sbcteen percent (1696)
<br /> per annum.
<br /> The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness."
<br /> This Second Deed of Trust, any promissory note of Trustor in favor of Beneficiary and any other instrument given to evidence or further
<br /> secure the payment and performances of any obligation secured hereby are referred to collectively as the "Loan Instruments".
<br /> Trustor covenants that (i) Trustor holds tRle to the Trust Estate and has lawful authorky to encumber the Trust Estate, (ii) the Trust
<br /> Estate fs free and clear of all liens and encumbrances except for easements, restrictions and covenants of record and the Deed of Trust irom
<br /> Trustor encumbering the Property dated on or about the date hereof (the "Fkst Deed of Trust"), and (iii) Trustor will defend the Trust Estate
<br /> against the lawful claims of any person.
<br /> • NIFA 3/96
<br /> F73340.LM0(7/97) Pays 1 0l S
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