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� � 201501959 AGREEMENT THIS AGREEMENT (this "Agreement") is made and entered into effective as of the 27th day of March 2015 (the "Effective Date"), by and between JEH Holdings, LLC, a Nebraska limited liability company ("JEH") and Home Federal Savings & Loan Assn of Grand Island ("Home Federal"). WITNESSETH: WHEREAS, JEH is the owner of Lot 4, Hornady Second Subdivision, City of Grand Island, Hall County, Nebraska (the "Property"); WHEREAS, Thomas K. Beswick, as Trustee of the Tom and Peggy Beswick Revocable Trust dated October 1, 2001 and Barbara Jean Beswick, as Trustee of the Barbara Jean Beswick Revocable Trust dated December 18, 2006 ("Purchaser") have entered into a Real Estate Purchase Agreement with JEH dated September 19, 2014 (the "Purchase Agreement") pursuant to which JEH has agreed to (a) construct a town home on the Property as described in more detail in the Purchase Agreement (the "Improvements"), and (b) upon completion of the construction of the Improvements, transfer title to the Property and the Improvements to Purchaser; WHEREAS, the Purchase Agreement requires Purchaser to make periodic payments to JEH at certain specified times during the construction period with a final payment to be made upon the completion of the construction of the Improvements and the transfer of title to the Property and the Improvements to Purchaser(the "Payments"); WHEREAS, Home Federal has agreed to provide financing to Purchaser to facilitate Purchaser making the Payments to JEH as required by the Purchase Agreement (the "Home Federal Financing"); WHEREAS, in order to secure the Home Federal Financing, Home Federal has requested that JEH grant Home Federal a first position deed of trust on the Property (the "Deed of Trust") as JEH will retain title to the Property until the construction of the Improvements is completed; and WHEREAS, JEH is willing to grant Home Federal the Deed of Trust provided that Home Federal agrees to the terms and conditions contained in this Agreement. NOW, THEREFORE, in consideration of the premises,and the mutual covenants contained in this Agreement, the parties to this Agreement agree as follows: 1.Deed of Trust. JEH hereby agrees to grant Home Federal a deed of trust on the Property (the "Deed of Trust"). The Deed of Trust shall be in a form mutually acceptable to both Home Federal and JEH. JEH will be the trustor under the Deed of Trust, Home Federal shall be the beneficiary under the Deed of Trust and Arend Baack shal!be the tru�tee unde`r the Deed of� � Trust. 2. Default under Home Federal Financing. Home Federal shall notify JEH in writing in the event that Purchaser fails to make any payment required by the Home Federal Financing or Purchaser otherwise defaults under the Home Federal Financing (an "Event of Default"). Upon an Event of Default, JEH shall have the option (the "Option"), in its sole and absolute discretion,