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DEED OF TRUST 200061622 This DEED OF TRUST is made this 22nd day of February, 2000, by and among THOMAS R YOUNG, a single person, hereinafter referred to as " Trustors," whether one or more, whose mailing address is 17750 West Abbott Road, Cairo, Nebraska 68824; THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is Box 428, Cairo, Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska 68824. For valuable consideration, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the following described real property located in HALL County, Nebraska: The West Half of the Northwest Quarter (W 1/2 NW 1/4), Section Thirty -three (33); and the West Half of the Southwest Quarter (W 1/2 SW 1/4), Section Twenty -eight (28); all in Township Twelve (12) North, Range Twelve (12), West of the 6th P.M., Hall County, Nebraska, together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located thereon, and all personal property that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water rights, all of which, including replacements and additions thereto, are 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 referred to as the "Property." FOR THE PURPOSE OF SECURING: a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of $59,000.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications and extensions of such note, both principal and interest on the note being payable in accordance with the terms set forth therein, which by this reference is hereby made a part hereof, b. The performance of each agreement and covenant of Trustors herein contained; and c. The payment of all sums advanced by Beneficiary under the terms of this Deed of Trust, together with interest thereon at the rate provided in the note. d. The above amount is secured even though all or part of it may not yet be advance. Future advances under the agreement are contemplated and will be secured to the same extent as if made on the date this deed of trust is executed. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE: 1. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan instruments. 2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the property. 3. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become delinquent. Trustors shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary. 4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so that, except for ordinary wear and tear, the property shall not deteriorate. 5. In the event the property, or any part thereof, shall be taken by eminent domain, the Beneficiary is entitled to collect and receive all compensation which may be paid for any property taken or for damages to property not taken, and the Beneficiary shall apply such compensation, at its option, either to a reduction of the indebtedness secured hereby, or to repair and restore the property so taken. 6. The Beneficiary may, but shall have no obligation to, do any act which Trustors have agreed but failed to do, and the Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustors agree to repay, upon demand, any sums so expended by the Beneficiary for the above purposes, and any sum so expended shall be added to the indebtedness secured hereby and become secured by the lien hereof. The Beneficiary shall no incur any liability because of anything it may do or omit to do hereunder. 7. The Beneficiary shall have the right, power and authority during the continuance of this Deed of Trust to collect the rents, issues and profits of the property and of any personal property located thereon with or without taking possession of the property affected hereby, and Trustors hereby absolutely and unconditionally assign all such rents, issues and profits to the beneficiary. The beneficiary, however, hereby consents to Trustors' collection and retention of such rents, issues and profits, so long as Trustors are not, at such time, in default with respect to payment of any indebtedness secured hereby, or in the performance of any agreement hereunder. If any event of default described hereafter in respect to this Deed of Trust shall have occurred and be continuing, the Beneficiary, as a matter of right and without notice to Trustors or anyone claiming under Trustors, and without regard to the value of the trust estate or the interest of the Trustors therein, shall have the right to apply to any court having jurisdiction to appoint a receiver of the property.