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200406154 Transfer of Rights in the Property FOR VALUABLE CONSIDERATION, Trustor hereby irrevocably warrants, grants, bargains, sells, 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 and interest of Trustor described herein. Obligation Secured by Deed of Trust 2. This Deed of Trust, in the amount of SEVEN HUNDRED THIRTY SIX THOUSAND DOLLARS ($736,000.00) secures a Lease Agreement and or Lease Agreements made by the parties hereto, This Deed of Trust shall also collateralize any and all additional extensions, renewals and modifications of the obligations evidenced with respect to or under this Lease or any additional or future Lease Agreements made by the parties hereto and payment of all sums advanced by Beneficiary to protect the Property, as defined below, with interest thereon at the Default Rate, as defined herein. The indebtedness described above is referred to as the "Indebtedness." Secured Property 3. The property encumbered by this Deed of Trust (hereinafter, the 'Property ") by the Trustor for the benefit of the Beneficiary is legally described as follows: Lot One (1), Loescher Subdivision, in the City of Grand Island, Hall County, Nebraska; AND The South Twenty (20) Feet of the West One Hundred Sixty Seven and Thirty Two Hundredths (167.32) Feet of Lot One (1), Evergreen Subdivision, in the City of Grand Island, Hall County, Nebraska. This Deed of Trust is given as additional collateral security for the Lease Agreement and/or Lease Agreements, and also any other obligation(s) of the Trustor to Beneficiary in any form or fashion whatsoever, and shall also secure all improvements now or hereafter existing on the Property and all easements, rights, appurtenances, rents, royalties, minerals, oil and gas rights and profits, water rights, and all fixtures located thereon or associated therewith. Payment 4. Trustor will pay the Lease as promised in the Lease according to its terms.