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<br /> WHEN RECORDED MAIL T0:
<br /> UNlTED NEBRASKA BANK
<br /> 700 N WEBB RD
<br /> PO BOX 5018
<br /> GRAND ISLAND,NE 68802
<br /> �
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<br /> SPACE ABOVE THIS LINE 18 FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST IS DATED JUNE 2, 1999, among MARK E MCGOWAN and KIMBERLY A MCGOWAN,
<br /> HUSBAND AND WIFE, whose address is 4168 INDIANHEAD RD, GRAND ISLAND, NE 68803 (referred to below
<br /> as "Trustor"); UNITED NEBFiASKA BANK, whose address is 700 N WEBB RD, PO BOX 5018, GRAND ISLAND,
<br /> NE 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and UNITED
<br /> NEBRASKA BANK, whose address is P.O. BOX 5018 GRAND ISLAND, NE 68802 (referred to below as
<br /> "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITFI POWER OF SALE, for the beneflt of
<br /> Lender as Beneficlary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br /> subsequentiy erected or afflxed buildings, improvements and flxtures; all easements, rights of way,and appurtenances; all water,water rights and
<br /> ditch rights (including stock in utilities with ditch or irrigation rights);and all other rights, royalties and profits relating to the real prope�y including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, IoCated in HALL �ounty, State of Nebraska (the "Real
<br /> Property"):
<br /> LOT 14, INDIANHEAD SECOND SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> The Real Property or its address is commonly known as 4168 INDIANHEAD RD, GRAND ISLAND, NE 68803.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)all of Trustor's right,title,and interest in and to all present and
<br /> future leases of the Property and all Rents from the Property. In addition,Trustor grants Lender a Uniform Commercial Code security interest in the
<br /> Rents and the Personal Property defined below.
<br /> DEFINITIONS. The following words stiall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in this Deed of
<br /> Trust shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts in
<br /> lawful money of the United States of America.
<br /> Beneficiary. The word "Beneficiary" means UNITED NEBRASKA BANK, its successors and assigns. UNITED NEBRASKA BANK also is
<br /> referred to as"Lender"in this Deed of Trust.
<br /> Deed of Trust. The words "Deed of TrusP' mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation all
<br /> assignment and security interest provisions relating to the Personal Prope�ty and Rents.
<br /> Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness described below in the Existing Indebtedness section of
<br /> this Deed of Trust.
<br /> Guarantor. The word "Guarantor" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improvements. The word "Improvements" means and includes without limitation all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Real Property,facilities,additions,replacements and other construction on the Real Property.
<br /> Indebledness. The word"Indebtedness"means al�principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust,
<br /> together with interest on such amounts&s provided in thig p�Qd of Trust.
<br /> Lender. The word"Lender"means UNITED NEBRASKA BANK,its successors and assigns.
<br /> Note. The word "Note" means the Note dated June 2, 1999, in the principal amount of $25,830.50 from Trustor to Lender,
<br /> together with all renewals,e�ensions,modifications,refinancings,and substitutions for the Note. The maturity date of this Deed of Trust is June
<br /> 9,2000.
<br /> Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal properfy now or hereafter �
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