**Exhibit 10.90**

 
| APN: 44-531-05                              |   |                                                                                                                                           |
|---------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------|
|                                        |   |                                                                                                                                           |
| RECORDING REQUESTED BY, AND                 |   | 614472                                                                                                                                         |
| WHEN RECORDED RETURN TO:                    |   | Official Records Nye County Nevada                                                                                                             |
|                                        |   | Requested By: Chicago Title                                                                                                                    |
| Sheppard, Mullin, Richter & Hampton LLP |   | 02/01/05 8:14 AM                                                                                                                               |
| 333 South Hope Street, 48th Floor           |   | Donna L. Motis, Recorder                                                                                                                       |
| Los Angeles, California 90071               |   | Fee: $21.00 State: $                   Dep:  dm |
| Attention: Sylvia D. Lautsch, Esq.          |   | Non-Conformity Fee $25.00                                                                                                                      |
|                                        |   |                                                                                                                                           |
| Mail Property Tax Statements to:            |   |                                                                                                                                           |
|                                        |   |                                                                                                                                           |
| c/o Herbst Gaming, Inc.                     |   |                                                                                                                                           |
| 5195 Las Vegas Boulevard                    |   |                                                                                                                                           |
| Las Vegas, Nevada 89119                     |   |                                                                                                                                           |
| Attention: M. Higgins                       |   |                                                                                                                                           |
|                                        |   |                                                                                                                                           |
| 04126426                                    |   |                                                                                                                                           |

 

**FIRST AMENDMENT TO DEED OF TRUST WITH**

 

**ASSIGNMENT OF RENTS, SECURITY AGREEMENT ANDFIXTURE FILING**

 

This First Amendment to Deed of Trust with Assignment of Rents,Security Agreement and Fixture Filing, dated as of January 31, 2005 (“Amendment”),is by and between E-T-T ENTERPRISES L.L.C., a Nevada limited liability company(“Trustor”), and BANK OF AMERICA, N.A., a national banking association (“Bankof America”), as Administrative Agent for itself and the Lenders, hereinafterdefined.  Bank of America, in itscapacity as such Administrative Agent, is referred to herein as “Beneficiary.”

For valuable consideration, the receipt and sufficiency of which arehereby acknowledged, the parties hereto hereby agree as follows:

 

1.                                       Recitals and Certain Definitions.

 

1.1                                 This Amendment is a first amendment tothat certain Deed of Trust with Assignment of Rents, Security Agreement andFixture Filing dated June 10, 2004 (the “Deed of Trust”), executed byTrustor, as trustor, for the benefit of Bank of America as Administrative Agentfor certain lenders, as beneficiary.  TheDeed of Trust was recorded on June 18, 2004, as Instrument No. 593376 in theOfficial Records of Nye County, Nevada (the “Official Records”).

 

1.2                                 This Amendment is entered into:

 

(a)                                  with reference to that certain CreditAgreement dated as of June 10, 2004 (“Original Credit Agreement”), amongHerbst Gaming, Inc., a Nevada corporation (“Borrower”), the lenders party thereto(“Original Lenders”) and Bank of America as Administrative Agent for theOriginal Lenders;

 

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(b)                                 with reference to that certain Amendedand Restated Credit Agreement, dated as of October 8, 2004 by and amongBorrower, Bank of America as Administrative Agent, and the other lender parties(collectively, “Lenders”) thereto (“Credit Agreement”), which Credit Agreementamended and restated in its entirety the Original Credit Agreement, and whichprovided for the extension of Revolving Loans to the Borrower in the aggregateprincipal amount of $175,000,000, and for the extension of Term Loans to theBorrower under certain circumstances;

 

(c)                                  with reference to that certain TermJoinder Agreement dated concurrently herewith by and among Borrower, Bank ofAmerica as Administrative Agent and the other Lenders, which amends the CreditAgreement by providing for the extension of Term Loans to the Borrower in theaggregate principal amount of $100,000,000; and

 

(d)                                 with reference to certain other documentsof even date herewith which constitute “Loan Documents” as defined in theCredit Agreement. This Amendment and the Credit Agreement, together with theother Loan Documents being executed substantially concurrently herewith, arecollectively referred to herein as the “Modification Documents”.

 

1.3                                 The Modification Documents modifyobligations that are presently secured by the Deed of Trust, including, withoutlimitation, certain obligations under the Original Credit Agreement evidencedby the Notes, a note evidencing the Swing Line Loan and the Secured SwapContracts. Such modifications include, without limitation, (i) the conversionof certain existing term loans under the Original Credit Agreement to revolvingcredit facilities, (ii) the increase in certain existing Revolving Commitmentsunder the Original Credit Agreement to $175,000,000, and (iii), subject to thesatisfaction of certain conditions, the extension of new Term Loans in anaggregate principal amount not to exceed $100,000,000.

 

1.4                                 Any capitalized term used and nototherwise defined herein (A) shall have the meaning given to such term in theDeed of Trust, or (B) if not defined in the Deed of Trust, shall have themeaning given to such term in the Credit Agreement.

 

2.                                       Secured Obligations Under Deed of Trust.

 

2.1                                 Section 1.2.1 of the Deed of Trust ishereby amended in its entirety to read as follows:

 

“1.2.1                  Trustor makes the grant, bargain, conveyance, sale,transfer and assignment set forth in Section 1.1 and grants the securityinterest set forth in Article 3 for the purpose of securing the followingobligations (collectively, the “Secured Obligations”) in any order of prioritythat Beneficiary may choose:

 

(a)                                  Except as specified in Section 1.2.2below, the payment and performance of each obligation of Trustor pursuant tothat certain Guaranty (as amended as of the date hereof, the “Guaranty”) datedJune 10, 2004, entered into by Trustor in favor of Beneficiary pursuant to thatInstrument of Joinder to Guaranty

 

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datedas of October 8, 2004.  The Guaranty hasbeen entered into by Trustor to, among other things, guaranty the payment andperformance of all obligations of Borrower to Beneficiary under the CreditAgreement and all related Loan Documents, pursuant to which the Lenders haveextended or have agreed to extend to the Borrower certain secured revolving andterm credit facilities, presently in the aggregate principal amount of$275,000,000 (the “Commitment”), including, but not limited to the payments ofall amounts owing under the Swing Line Loan, the payment of all amounts owingwith respect to the Letters of Credit, including without limitationunreimbursed drawings and obligations to furnish cash collateral as provided inthe Credit Agreement, and the payment of all amounts owing under any and allSecured Swap Contracts entered into by the Borrower with any Lender orAffiliate thereof;

 

(b)                                 The payment and performance of all futureadvances and other obligations that Trustor or any other person may owe toBeneficiary and/or any Lender (whether as principal, surety or guarantor), whena writing evidences Trustor’s and Beneficiary’s agreement that such advances orobligations be secured by this Deed of Trust;

 

(c)                                  The payment and performance of allobligations of Trustor under this Deed of Trust; and

 

(d)                                 The payment and performance of allmodifications, amendments, extensions and renewals, however evidenced, of anyof the Secured Obligations described in clause (a), (b) or (c) above.”

 

3.                                       Certain Global Changes to References. All references in the Deed of Trust to the “Credit Agreement” shall meanand refer to the Credit Agreement, as amended and restated.  All references in the Deed of Trust to the “Notes”shall mean and refer to the Notes, as defined in the Credit Agreement.  All references in the Deed of Trust to the “Deedof Trust” shall mean and refer to the Deed of Trust as amended hereby.

 

4.                                       Notices to Beneficiary. For purposes of Sections 4 and 9.11 of the Deed of Trust, Beneficiary’snotice address is hereby amended as follows:

 
|   | Bank of America, N.A.            |                                      |   |
|--------|----------------------------------|-------------------------------------------|--------|
|   | Mail Code: TX1-492-14-11         |                                      |   |
|   | Bank of America Plaza            |                                      |   |
|   | 901 Main St., 14th Floor         |                                      |   |
|   | Dallas, TX 75202-3714            |                                      |   |
|   | Attention:                       | Chris M. Levine, Assistant Vice President |   |   |
|   | Agency Management Officer II     |                                      |   |
|   | GCIB Agency Management Central I |                                      |   |

 

5.                                       No Other Amendment. Except as expressly modified hereby, the Deed of Trust remains in fullforce and effect.

 

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6.                                       Miscellaneous. This Amendment shall bind, and shall inure to the benefit of, thesuccessors and assigns of the parties. This document may be executed in counterparts with the same force andeffect as if the parties had executed one instrument, and each such counterpartshall constitute an original hereof. This Amendment shall be governed by and construed in accordance with thelaws of the State of Nevada.

 

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IN WITNESS WHEREOF, Trustor and Beneficiary have caused this Amendmentto be duly executed as of the date first written above.

 
|   | “Trustor”:               |              |
|--------|------------------------------------|-------------------|
|   |                               |              |
|   | E-T-T ENTERPRISES L.L.C.,          |              |
|   | a Nevada limited liability company |              |
|   |                               |              |
|   |                               |              |
|   | By:                                | /s/ Edward Herbst |   |
|   | Name:                              | Edward Herbst     |   |
|   | Its:                               | Manager           |   |
|        |                                    |                   |  |  |

 

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|   | “Beneficiary”: |
|--------|--------------------------|
|   |                     |
|   | BANK OF AMERICA, N.A.,   |
|   | as Administrative Agent  |
|   |                     |
|   |                     |
|   | By:                      | /s/ Chris M. Levine |   |
|   | Name:                    | Chris M. Levine |   |
|   | Its:                     | Assistant Vice President |   |

 

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| ACKNOWLEDGMENTS       |   |
|-----------------------|--------|
|                  | )      |
| STATE OF  Nevada |   | ) ss |
|                  |   |
| COUNTY OF Clark       | )      |   |
|                       |        |  |  |

 

Thisinstrument was acknowledged before me on Jan 25, 2005 by Edward Herbst as Managerof E-T-T ENTERPRISES, a Nevada limited liability company.

 

[Seal]

 
|   | /s/ Jenifer E. Cannon           |    |
|--------|---------------------------------|---------|
|   | (signature of notarial officer) |    |
|   | Notary Public                   |    |
|   | (Title and rank)                |    |
|   |                            |    |
|   | My commission expires:          | 1/17/07 |   |
|        |                                 |         |  |

 

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