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The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower, together with all buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the foregoing, together with said property are herein referred to as the "Property.' FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained and the payment of the principal sum of ` NC1100 Dollars ($ 37,000.00 ), as evidenced by ❑ A First Equityline Loan Agreement between Trustor and Beneficiary (the "Loan Document "), pursuant to which Beneficiary will advance funds to Trustor from time to time at the interest rates and upon the terms provided therein, together with any sum or sums of money with interest thereon which may hereafter be paid or advanced under the terms of this Trust Deed; both principal sums and Interest thereon being payable according to the terms set forth in the Loan Document, reference to which is hereby made, at the office of the Beneficiary in Omaha, Nebraska, or at such other place as the Beneficiary may designate in writing, The obligations secured hereby include Trusters obligation to request termination of the Loan Document prior to requesting a deed of reconveyance from Trustee. This Trust Deed secures a revolving line of credit. The Ilan of this Trust Deed shall continue until a deed of reconveyance Is recorded pursuant to Nebraska law. In no event shall the lien of this Trust Deed be eliminated X1because the amount of the debt secured by this Trust Deed is reduced to zero. R1 A promissory note bearing even date (the "Loan Document") at Me rates of interest provided therein, together with any sum or sums of money with interest thereon which may hereafter be paid or advanced under the terms of this Trust Deed; bath principal sums and interest thereon being payable according to the terms set forth In the Loan Document, reference to which is hereby made, at the office of the Beneficiary in Omaha, Nebraska, or at such other place as the holder may designate in writing. The final payment of principal and interest, If not sooner paid, shall be due and payable on f1Rt`iiNRP'R 20, 901 i TRUSTOR AND BENEFICIARY COVENANT AND AGREE AS FOLLOWS: 1. Warranty of Title. Trainor is lawfully seized of the Property; it has good right and lawful authority to sell and convey the Property; the property is free and clear of all liens and encumbrances except liens now of record; and Trustor will warrant and defend the title to the Property unto the Trustee and its successors and assigns forever, against the claims of all persons. 2. Payment of Principal and Interest. Trustor shall punctually pay the principal of, and interest on, all sums lent under the Loan Document and will punctually perform all agreements, conditions and provisions of any other security instrument given in connection with this transaction. 3. Preservation and Maintenance of Property. Trustor will not commit any waste upon the Property and will, at all times, maintain the same in good order and condition and will make, from time to time, all repairs, renewals, replacements, additions and improvements which are reasonably required to prevent waste, impairment, or deterioration of said property. No building or improvement now or hereafter erected upon the Property shall be altered, removed, or demolished without the prior written consent of Beneficiary. 4. Insurance. Trustor at its expense, will maintain with insurers approved by Beneficiary , Insurance with respect to the improvements and personal property constituting the Property against loss by fire, lightning, tornado, and other perils covered by standard extended coverage endorsement, in an amount equal to at least one hundred percent of the full replacement value thereof; and insurance against such other hazards and in such amount as is customarily carried by owners and operators of similar properties and as Beneficiary may require for its protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the protection by insurance of the interest of the respective parties. All insurance policies maintained pursuant to this Trust Deed shall name Trustor and Beneficiary as Insureds, as their respective interests may appear, and provide that there shall be no cancellation or modification without fifteen days prior written notification to Trustee and Beneficiary. In the event any policy hereunder is not renewed on or before fifteen days pnor to its expiration date, Trustee or Beneficiary may procure such insurance in accordance with the provisions of Paragraph Z Trustor shall deliver to Beneficiary the original policies of insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder shall, at the option of Beneficiary, constitute a default. All unearned premiums are hereby assigned to Trustee as additional security and a sale and conveyance of the Property by the Trustee shall operate to convey to the purchaser the Trusters interest In and to all policies of insurance upon the Property. 5. Taxes and Assessments. Trustor shall pay all taxes and special assessments levied or assessed against or due upon the Property before delinquency, and will deliver to Beneficiary copies of receipts showing payment of such taxes and special assessments. 6. Additional Liens. Trustor shall make all payments of interest and principal and payments of any other charges, fees, and expenses contracted to be paid to any existing lien holders or prior beneficiaries under any Trust Deed, Mortgage, or other security agreement, before the date they are delinquent and to pay any other claim which jeopardizes the security granted herein. J c%d�a P108589904FMMM P Page 1 WHITE: BANK COPY YELLOW: BANK COPY PINK: BORROWER COPY OF M N` C' Y m m [1 CD —1 17111 O h m z n x -'. ��' z m ry rr C3 n rn Inc -11 O I N D n Ort 200400410 N o To: The First National Bank of Omaha Go credit canter One First National Center I N �D First Ame is nn E ityyy Lpan Services, fr. ra'i/ � Omaha, 68102 L X iLt — �� `f}ya.�0 �� g�n �O� �11��7 JARUST DEED # THIS TRUST DEED ('Trust Deed ") made this 20 RV T. ANr1ARRPN AIM WANDA ANr1PRSPN day of �2003 MM HIER , from Sp _14MAM hereinafter called "Trustor' whose mailing address Is 1220 S 011114 RE[. RD ORAND ISLAND, NE 68801 First National Bank of Omaha, a National Banking Association, as "Trustee," for the benefit of First National Bank of Omaha, a National Banking Association, as to "Beneficiary." WITNESSETH: That Trustor, in consideration of One Dollar ($1.00) and other valuable consideration receipt whereof Is hereby acknowledged. grants, conveys, sells and warrants to Trustee, in trust with power of sale, the following described property, situated in RAI I County, Nebraska: SEE EXHIBIT A The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower, together with all buildings, fixtures, improvements and appurtenances thereunto belonging; and all of the foregoing, together with said property are herein referred to as the "Property.' FOR THE PURPOSE OF SECURING performance of each agreement and covenant of Trustor herein contained and the payment of the principal sum of ` NC1100 Dollars ($ 37,000.00 ), as evidenced by ❑ A First Equityline Loan Agreement between Trustor and Beneficiary (the "Loan Document "), pursuant to which Beneficiary will advance funds to Trustor from time to time at the interest rates and upon the terms provided therein, together with any sum or sums of money with interest thereon which may hereafter be paid or advanced under the terms of this Trust Deed; both principal sums and Interest thereon being payable according to the terms set forth in the Loan Document, reference to which is hereby made, at the office of the Beneficiary in Omaha, Nebraska, or at such other place as the Beneficiary may designate in writing, The obligations secured hereby include Trusters obligation to request termination of the Loan Document prior to requesting a deed of reconveyance from Trustee. This Trust Deed secures a revolving line of credit. The Ilan of this Trust Deed shall continue until a deed of reconveyance Is recorded pursuant to Nebraska law. In no event shall the lien of this Trust Deed be eliminated X1because the amount of the debt secured by this Trust Deed is reduced to zero. R1 A promissory note bearing even date (the "Loan Document") at Me rates of interest provided therein, together with any sum or sums of money with interest thereon which may hereafter be paid or advanced under the terms of this Trust Deed; bath principal sums and interest thereon being payable according to the terms set forth In the Loan Document, reference to which is hereby made, at the office of the Beneficiary in Omaha, Nebraska, or at such other place as the holder may designate in writing. The final payment of principal and interest, If not sooner paid, shall be due and payable on f1Rt`iiNRP'R 20, 901 i TRUSTOR AND BENEFICIARY COVENANT AND AGREE AS FOLLOWS: 1. Warranty of Title. Trainor is lawfully seized of the Property; it has good right and lawful authority to sell and convey the Property; the property is free and clear of all liens and encumbrances except liens now of record; and Trustor will warrant and defend the title to the Property unto the Trustee and its successors and assigns forever, against the claims of all persons. 2. Payment of Principal and Interest. Trustor shall punctually pay the principal of, and interest on, all sums lent under the Loan Document and will punctually perform all agreements, conditions and provisions of any other security instrument given in connection with this transaction. 3. Preservation and Maintenance of Property. Trustor will not commit any waste upon the Property and will, at all times, maintain the same in good order and condition and will make, from time to time, all repairs, renewals, replacements, additions and improvements which are reasonably required to prevent waste, impairment, or deterioration of said property. No building or improvement now or hereafter erected upon the Property shall be altered, removed, or demolished without the prior written consent of Beneficiary. 4. Insurance. Trustor at its expense, will maintain with insurers approved by Beneficiary , Insurance with respect to the improvements and personal property constituting the Property against loss by fire, lightning, tornado, and other perils covered by standard extended coverage endorsement, in an amount equal to at least one hundred percent of the full replacement value thereof; and insurance against such other hazards and in such amount as is customarily carried by owners and operators of similar properties and as Beneficiary may require for its protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the protection by insurance of the interest of the respective parties. All insurance policies maintained pursuant to this Trust Deed shall name Trustor and Beneficiary as Insureds, as their respective interests may appear, and provide that there shall be no cancellation or modification without fifteen days prior written notification to Trustee and Beneficiary. In the event any policy hereunder is not renewed on or before fifteen days pnor to its expiration date, Trustee or Beneficiary may procure such insurance in accordance with the provisions of Paragraph Z Trustor shall deliver to Beneficiary the original policies of insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder shall, at the option of Beneficiary, constitute a default. All unearned premiums are hereby assigned to Trustee as additional security and a sale and conveyance of the Property by the Trustee shall operate to convey to the purchaser the Trusters interest In and to all policies of insurance upon the Property. 5. Taxes and Assessments. Trustor shall pay all taxes and special assessments levied or assessed against or due upon the Property before delinquency, and will deliver to Beneficiary copies of receipts showing payment of such taxes and special assessments. 6. Additional Liens. Trustor shall make all payments of interest and principal and payments of any other charges, fees, and expenses contracted to be paid to any existing lien holders or prior beneficiaries under any Trust Deed, Mortgage, or other security agreement, before the date they are delinquent and to pay any other claim which jeopardizes the security granted herein. J c%d�a P108589904FMMM P Page 1 WHITE: BANK COPY YELLOW: BANK COPY PINK: BORROWER COPY OF