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<br /> NEBRASKA � �'
<br /> 99�1C�5964 SECOND DEED OF TRUST /�
<br /> (HBA Loan) �O
<br /> This Second Deed of Trust (this"Second Deed of Trust"), is made as of J u n e i o , i s s s by and among
<br /> Joel Leo King,� A Sing,le60 �3rW� 10th , Grand Island , NE 68801 '
<br /> ("Trustor"),whose mailing address is
<br /> Commerical Federal Bank , A Federal Savings Bank (��Trustee���,whosemailingaddressis
<br /> � 0 m a h a , Nebraska; and Nebraska Investment Finance Authority
<br /> ("Beneficiary"), whose mailing addres is 200 Commerce Court, 1230 O Street, Lincoln, Nebraska 68508-1402.
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Second
<br /> Deed of Trust, the real property, legally described on Exhibit A attached hereto and incorporated herein by reference (the
<br /> "Property"); and
<br /> TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the Property (collectively, the
<br /> "rents"), all leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and
<br /> all right, title and interest of Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in the
<br /> Property owned or hereafter acquired, all interests, estate or other claims, both in law and in equity, which Trustor now has
<br /> or may hereafter acquire in the Property, all easements, rights-of-way, tenements, hereditaments and appurtenances
<br /> thereof and thereto, all water rights, all right, title and interest of Trustor, now owned or hereafter acquired, in and to any
<br /> land, lying within the right-of-way of any street or highway adjoining the Property, and any and all alleys and strips and
<br /> gores of land adjacent to or used in connection with the Property, and any and all buildings,fixtures and improvements now
<br /> or hereafter erected thereon (the "Improvements"), and all the estate, interest, right, title or any claim or demand which
<br /> Trustor now has or may hereafter acquire in the Property, and any and all awards made for taking by eminent domain, or by
<br /> any proceeding or purchase in lieu thereof, of the whole or any part of the Trust Estate, including without limitation any
<br /> awards resulting from a change of grade of streets and awards for severance damages.
<br /> The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust
<br /> 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 /> B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of
<br /> sixteen percent (16%) 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 referred to collectively as
<br /> the"Loan Instruments".
<br /> Trustor covenants that (i) Trustor holds title to the Trust Estate and haw lawful authority to encumber the Trust Estate, (ii)
<br /> the Trust Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenants of record
<br /> and the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the "First Deed of TrusY'),
<br /> and (iii)Trustor will defend the Trust Estate against the lawful claims of any person.
<br /> To protect the Security of this Second Deed of Trust:
<br /> 1. Payment of Indebtedness. Trustor shall pay when due theprincipal of, and the interest on, the Indebtedness
<br /> and all other sums as provided in the Loan Instruments.
<br /> 1 NIFA 2/96
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