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N t'1 fre ut as Beneficiary: 1 FOR THE PURPOSE OF SECURING: MORTGAGE LOAN DEPARTMENT Keith P Espeland and Jodi A Espeland_ usband and Wife as Trustor, Platte Valley State Bank & Trust Company 2223 2 Avenue. Kearney. NE 68847 DEED OF TRUST as Trustee, Platte Valley State B nk & Trust Company 2223 r Avenue. Kearney. NE 68847 WITNESSETH: r- r THIS DEED OF TRUST, made as of the 27th day of December 2012 between C7 C!) ry CJ —i C D f'Y) rTt N C_ -T7 :r .. That Trustor irrevocably grants, transfers and assigns to Trustee in trust, with power of sale, the following described property: Lot One (1), J Clark Subdivision, in the City of Grand Island, Hall County, Nebraska. together with all interest which Trustor now has or may hereafter acquire in and to said property and in and to: (a) all easements and rights of way appurtenant thereto; and (b) all buildings, structures, improvements, fixtures, equipment, furnishings and appurtenances now or hereafter placed thereon, it being intended and agreed that all classes of property attached or unattached, other than consumable goods, used or to be used in connection with said property, are conclusively deemed to be affixed to and to be part of the real property that is conveyed hereby. Trustor agrees to execute and deliver, from time to time, such further instruments as may be requested by Beneficiary to confi.ui the lien of this Deed of Trust on any of the aforementioned property. The property so conveyed to Trustee hereunder is hereinafter referred to as such property". The Trustor absolutely and irrevocably grants, transfers and assigns to Beneficiary the rents, income, issues, and profits of all property covered by this Deed of Trust. 3. Payment of all fees and charges of Beneficiary, whether or not set forth herein. J�. 1. Pa ent of the principal sum of $200,000.00 evidenced by that certain promissory note dated of even date herewith hereinafter referred to as the Promissory Not in the original principal amount of $200,000.00 issued by Trustor and payable to the order of Beneficiary, together with interest thereon, fate charges, and prepayment bonuses according to the terms of the Promissory Note and all renewals, extensions, and modifications thereof. 2. Performance, discharge of and compliance with every obligation, covenant, and agreement of Trustor incorporated by reference or contained herein or in any other security agreement or deed of trust at any time given to secure any indebtedness hereby secured, or any part thereof. This is a CONSTRUCTION SECURITY AGREEMENT that secures an obligation which the trustor incurred for the purpose of making an improvement on the Real Estate. (- 7 so 3