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RETURN TO: Fullerton National Bank ✓
<br />Box 400
<br />Fullerton NE 68638
<br />TRUST DEED
<br />WITH FUTURE ADVANCE CLAUSE
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<br />This Trust Deed is executed on the date shown on the last page, among the "Trustor", RONALD E. RICE AND MARIA
<br />(MARVETTE) RICE, HUSBAND AND WIFE, whose address is 111 E 18 STREET, GRAND ISLAND, NEBRASKA 68801, and
<br />hereinafter called the "Borrower" (whether one or more) and THE FULLERTON NATIONAL BANK the 'Trustee", whose address is Box
<br />400, FULLERTON, NEBRASKA 68638, and the Beneficiary, Fullerton National Bank, whose address is Box 400, Fullerton, Nebraska,
<br />68638, hereinafter called the "Lender".
<br />WHEREAS, the Borrower is indebted to Lender in the principal sum of— EIGHTY ONE THOUSAND FOUR HUNDRED FORTY EIGHT
<br />AND 33/100 -- ($81,448.33) for money loaned, for which amount the Borrower has on various dates executed and delivered a Promissory
<br />Note or Notes, payable to the Lender, together with interest at the rate as shown on the note or notes. This Trust Deed in favor of Lender
<br />and all extensions, modifications and renewals thereof or advances made subsequent to the date of this Trust Deed and secured by this
<br />Trust Deed shall be secured by this Trust Deed and shall be referred to in this instrument as the "Note ".
<br />WHEREAS, the Lender desires to secure timely payment of the Note and full performance of the covenants, conditions and
<br />terms contained in this instrument and any other documents related thereto.
<br />NOW, THEREFORE, under this Trust Deed, the Borrower does in consideration of (1) existing debts or obligations created
<br />simultaneously with the execution of this Trust Deed, (2) future advances necessary to protect the security transferred hereunder, (3) any
<br />future advances to be made at the option of the parties and /or (4) the performance of any obligation of any other person named in
<br />Paragraph 21 of this Trust Deed to the lender (Beneficiary), hereby grant and convey unto the Trustee, its successors and assigns, in trust,
<br />with Power of Sale, for the benefit and security of the Lender (Beneficiary) under and subject to the terms and conditions of this Trust
<br />Deed, the following described property, located in HALL County, Nebraska to wit:
<br />LOT THREE (3), BLOCK ONE (1), MORRIS ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located
<br />thereon or in any way pertaining thereto, and the rents, issues, profits, reversions and remainders thereof, including all such personal
<br />property that is attached to the improvements so as to constitute a fixture, all of which, including replacements and additions thereto, are
<br />hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as the "Property".
<br />1. Title. Borrower covenants that Borrower is lawfully seized of fee simple title to the property, free from encumbrances.
<br />2. Warranty. Borrower will have the right and power to convey absolute title in fee simple and will warrant and defend the title to
<br />the property against all claims whatsoever except as mentioned.
<br />3. Performance of Obliaations. Upon the full payment of all indebtedness or full performance of all obligation secured by this
<br />Trust Deed and the payment of all charges and expenses incurred by the Trustee, the Trustee shall release and reconvey the real
<br />property, at Borrower's costs, to the Borrower, or to any party then claiming through the Borrower.
<br />4. Payment and Performance. All loans and other sums or obligations secured by this instrument will be paid when due and the
<br />terms and conditions of this instrument and other instruments related to the indebtedness or obligation secured by this Trust Deed will be
<br />performed in accordance with the terms of the instrument. This Trust Deed has been granted for the purpose of securing the
<br />indebtedness and obligations evidenced by the Note including any additional sums, with interest thereon, as may be hereafter borrowed
<br />from the Lender by the Borrower, as evidenced by subsequent promissory notes, of either or both of the Trustors or the person named in
<br />this Trust Deed whose performance is secured by this Trust Deed, all of which will be secured by this Trust Deed, unless otherwise
<br />specified. However, in no event, shall the total amount secured hereby exceed twice the principal amount stated herein, or $150,000.00
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