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<br />WHEN RECORDED MAIL TO:
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<br />FIVE POINTS BANK OF HASTINGS
<br />0 O O v OO a7
<br />322 N ST JOSEPH
<br />HASTINGS, NE 68901
<br />FOR RECORDER'S USE ONLX% _
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $500,000.00.
<br />1_� II
<br />DI
<br />THIS DEED OF TRUST is dated March 30, 2001, among LAND 4 SALE, LLC; A NEBRASKA LIMITED
<br />LIABILITY COMPANY ( "Trustor "); FIVE POINTS BANK OF HASTINGS, whose address is 322 N ST JOSEPH,
<br />HASTINGS, NE 68901 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five
<br />Points Bank of Hastings, whose address is P.0 Box 55, Hastings, NE 68902 -0055 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in HALL County, State of
<br />Nebraska:
<br />LOTS SEVENTEEN (17), EIGHTEEN (18), NINETEEN (19), TWENTY -ONE (21), TWENTY -TWO (22),
<br />TWENTY -THREE (23), TWENTY -FOUR (24), TWENTY -FIVE (25) AND TWENTY -SIX (26) IN PHILLIPS
<br />SUBDIVISION IN SECTION THIRTY -THREE (33), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9)
<br />WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA; AND THE
<br />EASTERLY THREE HUNDRED FIFTY FEET (350') OF LOT TWENTY (20) OF PHILLIPS SUBDIVISION
<br />SITUATED IN THE NORTH HALF (N 1/2) OF THE NORTHWEST QUARTER (NW 1/4) OF THE NORTHEAST
<br />QUARTER (NE 1/4) OF SECTION THIRTY -THREE (33), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9)
<br />WEST, OF THE 6TH P.M., HALL COUNTY, NEBRASKA; AND A
<br />TRACT OF LAND SITUATED IN THE PHILLIPS SUBDIVISION OF A PART OF THE NORTH HALF OF THE
<br />NORTHWEST QUARTER (N 1/2, NW 1/4) OF SECTION THIRTY -THREE (33), TOWNSHIP ELEVEN (11)
<br />NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF LOT SIXTEEN (16) OF SAID
<br />SUBDIVISION; THENCE SOUTH 40 FEET, THENCE WEST 200 FEET, THENCE NORTH 40 FEET TO A
<br />POINT ON THE SOUTH LINE OF LOT FIFTEEN (15) IN SAID SUBDIVISION, THENCE EAST 200 FEET TO
<br />THE PLACE OF BEGINNING, SAID TRACT BEING A PART OF WHAT WAS FORMERLY SANDE JO ROAD
<br />PRIOR TO THE VACATION OF SAID ROAD BY HALL COUNTY BOARD OF SUPERVISION ON THE 24TH
<br />DAY OF AUGUST, 1965.
<br />The Real Property or its address is commonly known as 3407 DEANN ROAD, GRAND ISLAND, NE 68802.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future
<br />amounts Lender in its discretion may loan to Trustor, together with all interest thereon.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
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