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200403671 DEED OF TRUST, ASSIGNMENT OF RENTS AND LEASES, AND SECURITY AGREEMENT (Nebraska) THIS DEED OF TRUST, ASSIGNMENT OF RENTS AND LEASES AND SECURITY AGREEMENT (this "Deed of Trust ") is dated as of March JL, 2004, by and from AMERCO REAL ESTATE COMPANY, a Nevada corporation ( "Grantor "), whose address is 2727 North Central Avenue, Phoenix, Arizona 85004 to FIRST AMERICAN TITLE INSURANCE COMPANY ( "Trustee "), for the benefit of WELLS F ARGO B ANK, N .A., a national banking association, in its capacity as trustee ( "Agent ") pursuant to the Loan Agreement (as defined below), having an address at Corporate Trust, 6th & Marquette; N9303 -120, Minneapolis, MN 55479 (Agent, together with its successors and assigns, is referred to herein as `Beneficiary "). RECITALS: WHEREAS, Grantor is the fee owner of the real property and improvements described in Exhibit A attached hereto. WHEREAS, AMERCO, a Nevada corporation (also referred to herein as the context requires as "Parent "), Grantor and the direct and indirect subsidiaries of Parent and Grantor which are parties thereto (Parent, Grantor and such subsidiaries are collectively referred to herein as "Borrowers "), Agent and the Holders (as defined in the Loan Agreement) have entered into that certain Indenture dated as of March 1„ 2004 (as amended, restated, supplemented or otherwise modified heretofore or hereinafter from time to time, the "Loan Agreement "), which Loan Agreement provides for the issuance of the Parent's 9.0% Second Lien Senior Secured Notes due 2009. Agent and the Holders are unwilling to enter into the Loan Agreement unless Grantor, among other things, secures the Obligations of Borrowers under the Loan Agreement and the other Note Documents (as defined in the Loan Agreement) by delivering this Deed of Trust. WHEREAS, Grantor is receiving a good and valuable benefit, the sufficiency and receipt of which is hereby acknowledged, from Agent and Holders entering into the Loan Agreement with Borrowers. ARTICLE 1 DEFINITIONS Section 1.1 Definitions. All capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Loan Agreement. As used herein, the following terms shall have the following meanings: HALL COUNTY, NE LAl 570091v2