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202400777 All of the foregoing estate, property and interest hereby conveyed to the said Trustee is hereinafter collectively referred to as the "Property." TO HAVE AND TO HOLD the same unto the said Trustee, Trustee's successors and assigns forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly granted unto the said Trustee, Trustee's successors, and assigns for the purpose of securing: (a) The payment of Trustor's just indebtedness to Beneficiary in the principal sum of One Hundred Thousand Dollars ($100,000.00) for money borrowed, with interest thereon, all as evidenced by and in strict accordance with the terms of that certain promissory note hereinafter called the "Note", bearing even date herewith made payable to the order of Beneficiary, executed by Island Properties, LLC, a Nebraska Limited Liability Company, and providing for the payment of said indebtedness in installments, subject to acceleration of maturity on default in the payment of any installment of principal or interest or in the performance of any covenant, agreement or warranty contained in this Deed of Trust; (b) The performance of each agreement, covenant and warranty of Trustor herein contained or set forth in the Note or any agreement or instrument executed by Trustor in connection with the indebtedness hereby secured; and (c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed of Trust. NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Trustor does for Trustor and for Trustor's heirs, representatives, vendees, successors and assigns, the owners of said Property, hereby expressly covenant, agree and warrant to and with the Trustee and Beneficiary, and their successors, vendees and assigns: FIRST: That the Trustor hereby covenants and agrees, to the extent permitted by law, as follows: (a) to pay promptly when due the principal and interest and other sums of money provided for in the Note and in this Deed of Trust; (b) to promptly pay before delinquency all taxes, assessments and other charges imposed by law upon the Property, the Trustor's interest therein, or upon this Deed of Trust or the Note; (c) to keep the above-described Property and the improvements thereon in good condition and repair and not to commit or suffer waste thereof, and except as authorized in any schedule annexed hereto and forming a part hereof; (d) to maintain and deliver to Beneficiary policies of insurance against such hazards on the buildings and improvements now or hereafter located on or constituting a part of the Property as the Beneficiary shall require, in such companies and amounts and with such loss payable clauses as shall be satisfactory to the Beneficiary; that in the event of loss, Beneficiary is expressly authorized to settle or compromise claims under said policies and the proceeds thereof shall be paid to the Beneficiary who may apply the same or any part thereof on the indebtedness secured hereby or toward the reconstruction or repair of said buildings and improvements or release same to the Trustor; (e) to pay any lien, claim or charge against the Property which might take precedence over the lien hereof; (f) to pay on demand all legal expenses, title searches, appraisal or attorneys' fees reasonably incurred or paid by Beneficiary to collect the Note or foreclose or protect the lien of this Deed of Trust; (g) that in the event Trustor shall fail to comply with the provisions of (a) through (f) above, the Beneficiary may expend such funds and take such action as is necessary to remedy such failure and all sums paid by the Beneficiary pursuant hereto with interest at the rate hereinafter provided shall constitute a lien upon the Property, shall be secured by this Deed of Trust, and shall be immediately due and repayable to the Beneficiary; (h) not to sell the Property or any portion thereof without the approval