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<br />INST ?Lire 02300
<br />WHEN RECORDED MAIL TO:
<br />HOME FEDERAL SAVINGS & LOAN
<br />ASSOCIATION OF GRAND ISLAND
<br />221 S. Locust Street
<br />Grand Island, NE 68801
<br />REFUNDS:
<br />CASH
<br />CHECK
<br />RECORDED
<br />HALL 0'.-F."NTY NE
<br />1025 APR I U P 3: 2 b
<br />tt ZISTI NOLD
<br />REGISTER OF DEEDS
<br />FOR RECORDER'S USE ONLY
<br />CONSTRUCTION DEED OF TRUST
<br />THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br />WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT
<br />THIS DEED OF TRUST is dated April 14, 2026, among ALEC Legacy Properties, LLC, whose
<br />address is 120 W. Giltner Road, Doniphan, NE 68832 ("Trustor"); HOME FEDERAL SAVINGS
<br />& LOAN ASSOCIATION OF GRAND ISLAND, whose address is 221 S. Locust Street, Grand
<br />Island, NE 68801 (referred to below sometimes as "Lender" and sometimes as "Beneficiary");
<br />and HOME FEDERAL SAVINGS & LOAN ASSOICATION OF GRAND ISLAND, whose address is
<br />221 S. Locust Street, Grand Island, NE 68801 (referred to below as "Trustee").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE,
<br />for the benefit of Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real
<br />property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
<br />easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with
<br />ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, includingwithout
<br />limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") locatein Hall County,
<br />State of Nebraska:
<br />The Land referred to herein below is situated in the County of Hall, State of Nebraska and is
<br />described as follows:
<br />Property 1
<br />Lots One (1) and Two (2), Highland North Fourth Subdivision to the City of Grand Island,
<br />Hall County, Nebraska.
<br />Property 2 •
<br />Lots One (1), Two (2), Three (3), Four (4), Five (5), Six (6), Seven (7), Eight (8), Twelve
<br />(12), Thirteen (13), Fourteen (14), Highland North Third Subdivision to the City of Grand
<br />Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 4220 - 4246 Mitchell Creek Dr., Grand
<br />Island, NE 68803.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities,
<br />plus interest thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor
<br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Trustor may be liable individually or jointly with others,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Deed of Trust secures all future advances made by Lender to Trustor
<br />whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Deed of Trust
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to
<br />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
<br />interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor
<br />grants to Lender a Uniform Commercial Code security 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
<br />PERSONAL PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF
<br />ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all
<br />amounts secured by this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of
<br />Trustor's obligations under the Note, this Deed of Trust, and the Related Documents.
<br />CONSTRUCTION MORTGAGE. This Deed of Trust is a "construction mortgage" for the purposes of Sections 9-334
<br />and 2A-309 of the Uniform Commercial Code, as those sections have been adopted by the State of Nebraska.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the
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