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THIS DEED OF TRUST is made as of the 3$t1' day of Ma'rthl 2004, by and among Larson Construction, Inc., whose mailing address is 505 Linden Ave., Grand Island, NE. 68803 ( "Trustor "), and Thomas C. Huston, an attorney at law licensed to practice in the State of << Nebraska, whose mailing address is 1900 U.S. Bank Building, 233 South 13th Street, Lincoln, Nebraska 68508 ( "Trustee "), and Little B's Corporation, a Nebraska corporation, having an address of 4444 W. 13th Street, Grand Island, NE. 68803 ( "Beneficiary"). FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property located in Hall County, Nebraska, and legally described as follows: LOT FIFTEEN (15) SUMMERFIELD ESTATES THIRD SUBDIVISION, IN THE CITY OF Grand Island, Hall County, Nebraska, together with all rents, easements, appurtenances, hereditaments, interest in adjoining roads, streets, alleys, improvements, buildings of any kind situated thereon, and all personal property that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water and mineral rights. The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ". For the purpose of securing: (a) The payment of indebtedness in the total principal amount of Thirty -Seven Thousand Five Hundred Dollars ($37,500.00), as evidenced by that certain promissory note of even date herewith (the "Note ") executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications, extensions, and renewals thereof; and (b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the default rate provided in the Note. (c) Performance of all of Trustor's obligations under the Purchase Agreement entered into by and between Trustee and Beneficiary and dated as of the 10th day of November, 2003 (the "Purchase Agreement "). This Deed of Trust, the Note, the Guaranty Agreement of even date herewith, and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ". To protect the security of this deed of trust: 2. Payment of Indebtedness: Covenant of Title. (a) Trustor shall pay when due the principal of, and the interest on, the indebtedness evidenced by the Note, charges, fees, and all the sums as provided in the Loan Instruments. (L0550262.1 ) rn n (y n = a n ic Z � rn D cn CA rn C/) o -4 = I> O = y M N CD o Q-1 T .,. r m A --0 n w o � r o r n Cl) Co 7z O = cn DEED OF TRUST Cn z O 14th April THIS DEED OF TRUST is made as of the 3$t1' day of Ma'rthl 2004, by and among Larson Construction, Inc., whose mailing address is 505 Linden Ave., Grand Island, NE. 68803 ( "Trustor "), and Thomas C. Huston, an attorney at law licensed to practice in the State of << Nebraska, whose mailing address is 1900 U.S. Bank Building, 233 South 13th Street, Lincoln, Nebraska 68508 ( "Trustee "), and Little B's Corporation, a Nebraska corporation, having an address of 4444 W. 13th Street, Grand Island, NE. 68803 ( "Beneficiary"). FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property located in Hall County, Nebraska, and legally described as follows: LOT FIFTEEN (15) SUMMERFIELD ESTATES THIRD SUBDIVISION, IN THE CITY OF Grand Island, Hall County, Nebraska, together with all rents, easements, appurtenances, hereditaments, interest in adjoining roads, streets, alleys, improvements, buildings of any kind situated thereon, and all personal property that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water and mineral rights. The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ". For the purpose of securing: (a) The payment of indebtedness in the total principal amount of Thirty -Seven Thousand Five Hundred Dollars ($37,500.00), as evidenced by that certain promissory note of even date herewith (the "Note ") executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications, extensions, and renewals thereof; and (b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the default rate provided in the Note. (c) Performance of all of Trustor's obligations under the Purchase Agreement entered into by and between Trustee and Beneficiary and dated as of the 10th day of November, 2003 (the "Purchase Agreement "). This Deed of Trust, the Note, the Guaranty Agreement of even date herewith, and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ". To protect the security of this deed of trust: 2. Payment of Indebtedness: Covenant of Title. (a) Trustor shall pay when due the principal of, and the interest on, the indebtedness evidenced by the Note, charges, fees, and all the sums as provided in the Loan Instruments. (L0550262.1 )