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<br /> SECOND DEID OF TRUST � �'�. �"Z
<br /> � i� Loan) o
<br /> This Second Oeed of Trust lthis 'Second Deed af TrusY1, is made as of mARCH 30 ' �99 8by and among
<br /> JEFF A HUBL, A S�fd���jR,�se mailing address is � �
<br /> COmmERCIAL FEDERAL BANK, A SAVINGS BA�#'�e") , whose mailing add�ess is
<br /> 2120 SOUTH ?2ND, OmAHA, NE 68124 , � , Nebraska; and Nebraska Investment Fnance Autho ' ��
<br /> ("8eneficiary"1, whose mailing address is 200 Cammerce Court, 1230 0 Strest, Lincoln, Nebraska 68508•1402.
<br /> FOR VALUABLE CONS1DEtiAT10N,Trustor irrevacably transfers,corneys and assigns to Trustee,IN TRUST;WITH POWEA
<br /> OF SALE, for the benefit and securiry of Beneficiary, under and subject to the terms and conditions of this Second Deed of Trust,
<br /> the real property, legally described on Exhibii A attached hereto and inCOrporated herein by reference (the 'Property";; and
<br /> TOGETHE�WITH,all rents, profits,royaities, incame and other benefits denved from the Property Icallec:ively,the"rents"),
<br /> all leases or subleases covering ;he Property or any portion thereof now or hereai;er existing or entered into, and all right, �itle and
<br /> interest of Trustor*hereunder, all right, title and interesz of Trustor in and to any greater estate in the Prooe^� owned or hereafter
<br /> acouired, all interes:s, estate ar other c:aims, botn in law and in eauity, wnicn Trustor now nas or may �:ersarter acouire in ;he
<br /> Property, all aasements, rights-of-way, :enements. �eredicaments and apourtenances thereor and thereto, ail �Nater rignts, all rignt,
<br /> -itle and inte�est ot �rustor, now owned or he�ear�er ac.:uired, in and�to any land, !ying within ;he rignt-r'-�Nay of any s;res: or
<br /> �ignway adjoining the Property, and any and ail alleys and strips and gores of land aalace^t �o or usea in �nnnec;ion �Nith the
<br /> °rooe�ty, and any ana all buildings, rixtures and ;morovements now or hereaiter srec;ed thereon l;he "lmprcvements";, ana ail the
<br /> es:ate, interes:, rignt, title or any claim or demano wnic� Trustor now has or may hereafter acauire in the ?rooerty, and any and
<br /> all awards made for ;he taking by eminent domain, or by any procesding or purchase in lieu .nereor, or .he •Nhole or any part of
<br /> ;ne Trust Es:ate, inc:uding witheut Iimitation any awards resulting from a change of grade or streets and awards fc� severance
<br /> damages.
<br /> The Property and the entire es:ate and interest conveyed to the Trustes are rererred to collec~iveiy as the "Trust Es:ate".
<br /> For the Purpose of Securing:
<br /> A. Payment of incebtedness evidenced by any prom�ssory note of Trustor in favor of Beneiiciary; and
<br /> 8. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with iMerest thereon at the rate af
<br /> sixteen percern (16961 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
<br /> evidence or further secure the payment and performance of any obligation secured hereby are refened to c�llec;ively as the "loan
<br /> Instrumenu".
<br /> Trustor covenants that (i) Trustor halds titJe to the Trust Estate and has tawful authority to encumoer the Trust Estate.
<br /> (ii1 the Trust Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenaMS of record and
<br /> the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the 'Frst Oeed of Trust"1, and
<br /> liiil Trustor will defend the Trust Estate against the lawful cfaims of any person.
<br /> To Protect tfia Security of this Second Deed of Trust:
<br /> 1. Pay,ne�rt of/ndebiedness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness and
<br /> all other sums as provided in the Loan Instrumerns.
<br /> • 1 NIFA 2/96
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