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20000232 its complement, Fractional Lot Nine (9) in Fractional Block Forty (40) in Charles Wasmer's Second Addition, both being additions to the City of Grand Island, Hall County, Nebraska. TOGETHER WITH all rents, easements, appurtenances, interests in adjoining roads, streets, and alleys, improvements, and buildings, on said premises. The property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ". FOR THE PURPOSE OF SECURING: a. Payment of indebtedness in the total principal amount of Two Hundred Seventy Thousand Dollars and No /100 ($270,000.00), at eight percent (8 %) interest, as evidenced by the certain Trust Deed Note of even date (the "Note ") with a balloon payment date of April 15, 2010, executed by Trustor, which has been delivered and is payable to the order of Beneficiary and which by this reference is hereby made a part hereof, and any and all modifications, extensions and renewals thereof, and b. All payments that are required to be advanced by the Beneficiary to protect the Trust Estate, shall bear interest at the rate of eighteen percent (18 %) per annum. This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments". TO PROTECT THE SECURITY OF THIS DEED OF TRUST: 1. PAYMENT OF INDEBTEDNESS. Trustor shall 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. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall provide Beneficiary with evidence of the payment of the same. Trustor 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. 3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal balance of the Note (co- insurance not exceeding 80% permitted). Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary and shall not be cancelable, terminable or modifiable without ten (10) days' prior written notice to Beneficiary. Trustor shall promptly repair, maintain, and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate. 4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of title and attorneys DEED OF TRUST - Page 2 of 6