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THIS DEED OF TRUST is dated July 30, 2004, among RICHARD A. FREDRICKS, not personally but as Trustee CAN
<br />on behalf of RICHARD A. FREDRICKS REVOCABLE LIVING TRUST DATED APRIL 26, 2001, AS AMENDED;
<br />and CLAUDIA G. FREDRICKS, not personally but as Trustee on behalf of CLAUDIA G. FREDRICKS REVOCABLE
<br />LIVING TRUST DATED APRIL 26, 2001, AS AMENDED ( "Truster "); FIRST NATIONAL BANK NORTH PLATTE,
<br />whose address is NORTH PLATTE OFFICE, 201 N DEWEY , PO BOX 10, NORTH PLATTE, NE 69103 -0010
<br />(referred to below sometimes as "Lander" and sometimes as "Beneficiary"); and First National Bank North
<br />Platte, whose address is 201 North Dewey, P.O. Box 10, North Platte, NE 69103 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trader conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Land., as Benefleary, all of Traitor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />limitation property, including without all minerals, oil, gas, geothermal and similar matters, (tile "Real Property) located in HALL
<br />County, State of Nebraska:
<br />THE SOUTHEAST QUARTER (SE1/4) OF SECTION TWENTY ONE (211, TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE TEN (101 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, EXCEPTING A TRACT OF LAND
<br />MORE PARTICULARLY DESCRIBED IN JOINT TENANCY WARRANTY DEED RECORDED AS DOCUMENT
<br />NO. 200204324 AND EXCEPTING A TRACT OF LAND MORE PARTICULARLY DESCRIBED IN PLAT OF
<br />GREENWOOD ACRES SUBDIVISION RECORDED AS DOCUMENT NO. 97- 109748.
<br />01111
<br />THE WEST HALF OF THE NORTHWEST QUARTER (W1/2NW1/4) OF SECTION TWENTY ONE 121),
<br />TOWNSHIP ELEVEN 111) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA,
<br />EXCEPTING A TRACT OF LAND MORE PARTICULARLY DESCRIBED IN WARRANTY DEED RECORDED IN
<br />BOOK 85, PAGE 9.
<br />The Real Property or its address is commonly known as RURAL ROUTE, GRAND ISLAND, NE 68801.
<br />CROSS- COLLATERAUZATION. In addition to the Note, this Dead of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them,
<br />whether now xisting or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise.
<br />whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquldated whether Borrower
<br />or Truster may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and
<br />whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to
<br />repay such amounts may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. Specifically, without limitation, this Dead of Trust secures, in addition to the amounts specified in the Nate, all
<br />future amounts Lender in its discretion may loan to Borrower, together with all interest thereon.
<br />Tractor presently assigns to Lender (sle. known as Beneficiary in this Deed of Trust) all of Trastor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Properly. In addition, Tmstor grants to Lander a Uniform Commercial
<br />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 PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Truster warrants that: lal this Dead of Trust is executed at Borrower's request and
<br />not at the request of Lender; (b) Truster has the full power, right and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; to) the provisions of this Deed of Trust do not conflict with, or result In a default under any agreement or other instrument
<br />binding upon Truster and do not result in a violation of any law, regulation, court decree or order applicable to Truetor; Idl Truster has
<br />established adequate moans of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Truster waives all rights or defenses arising by reason of any "one action' or "anti - deficiency' law, or any other
<br />law which may prevent Lander from bringing any action against Trustot including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lander all Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Truster shall strictly perform all their respective obligations under the
<br />Note, this Deed of Trust and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Truster agree that Borrower's and Trustoris possession and use of
<br />the Property shall be governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Truster may (1) remain in possession and control of the Property:
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<br />DEED OF
<br />TRUST
<br />THIS DEED OF TRUST is dated July 30, 2004, among RICHARD A. FREDRICKS, not personally but as Trustee CAN
<br />on behalf of RICHARD A. FREDRICKS REVOCABLE LIVING TRUST DATED APRIL 26, 2001, AS AMENDED;
<br />and CLAUDIA G. FREDRICKS, not personally but as Trustee on behalf of CLAUDIA G. FREDRICKS REVOCABLE
<br />LIVING TRUST DATED APRIL 26, 2001, AS AMENDED ( "Truster "); FIRST NATIONAL BANK NORTH PLATTE,
<br />whose address is NORTH PLATTE OFFICE, 201 N DEWEY , PO BOX 10, NORTH PLATTE, NE 69103 -0010
<br />(referred to below sometimes as "Lander" and sometimes as "Beneficiary"); and First National Bank North
<br />Platte, whose address is 201 North Dewey, P.O. Box 10, North Platte, NE 69103 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trader conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Land., as Benefleary, all of Traitor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />limitation property, including without all minerals, oil, gas, geothermal and similar matters, (tile "Real Property) located in HALL
<br />County, State of Nebraska:
<br />THE SOUTHEAST QUARTER (SE1/4) OF SECTION TWENTY ONE (211, TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE TEN (101 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, EXCEPTING A TRACT OF LAND
<br />MORE PARTICULARLY DESCRIBED IN JOINT TENANCY WARRANTY DEED RECORDED AS DOCUMENT
<br />NO. 200204324 AND EXCEPTING A TRACT OF LAND MORE PARTICULARLY DESCRIBED IN PLAT OF
<br />GREENWOOD ACRES SUBDIVISION RECORDED AS DOCUMENT NO. 97- 109748.
<br />01111
<br />THE WEST HALF OF THE NORTHWEST QUARTER (W1/2NW1/4) OF SECTION TWENTY ONE 121),
<br />TOWNSHIP ELEVEN 111) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA,
<br />EXCEPTING A TRACT OF LAND MORE PARTICULARLY DESCRIBED IN WARRANTY DEED RECORDED IN
<br />BOOK 85, PAGE 9.
<br />The Real Property or its address is commonly known as RURAL ROUTE, GRAND ISLAND, NE 68801.
<br />CROSS- COLLATERAUZATION. In addition to the Note, this Dead of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them,
<br />whether now xisting or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise.
<br />whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquldated whether Borrower
<br />or Truster may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and
<br />whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to
<br />repay such amounts may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. Specifically, without limitation, this Dead of Trust secures, in addition to the amounts specified in the Nate, all
<br />future amounts Lender in its discretion may loan to Borrower, together with all interest thereon.
<br />Tractor presently assigns to Lender (sle. known as Beneficiary in this Deed of Trust) all of Trastor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Properly. In addition, Tmstor grants to Lander a Uniform Commercial
<br />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 PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Truster warrants that: lal this Dead of Trust is executed at Borrower's request and
<br />not at the request of Lender; (b) Truster has the full power, right and authority to enter into this Deed of Trust and to hypothecate the
<br />Property; to) the provisions of this Deed of Trust do not conflict with, or result In a default under any agreement or other instrument
<br />binding upon Truster and do not result in a violation of any law, regulation, court decree or order applicable to Truetor; Idl Truster has
<br />established adequate moans of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Trustor about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. Truster waives all rights or defenses arising by reason of any "one action' or "anti - deficiency' law, or any other
<br />law which may prevent Lander from bringing any action against Trustot including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower shall pay to Lander all Indebtedness
<br />secured by this Deed of Trust as it becomes due, and Borrower and Truster shall strictly perform all their respective obligations under the
<br />Note, this Deed of Trust and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Truster agree that Borrower's and Trustoris possession and use of
<br />the Property shall be governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Truster may (1) remain in possession and control of the Property:
<br />
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