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<br />This DEED OF TRUST is made as of the 26' day of December .2002 by and
<br />among the Trustor, Thayer Family L.L.C., A NE Limited Liability Co. and Ernest J.
<br />Thayer and Janice M. Thayer. Husband and Wife -, whose mailing address for purposes
<br />of this Deed of Trust is 404 Woodland Dr., Grand Island. NE 68803
<br />(herein, "Trustor ", whether one or more), the Trustee, Earl D. Ahlschwede. Attorney
<br />whose mailing address is 202 W. 3'd St. Grand Island, NE 68801 (herein "Trustee"), and the
<br />Beneficiary, Equitable Federal Savings Bank of Grand Island, whose mailing address is PO
<br />Box 160, Grand Island NE 68802 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to Thayer Family L.L.C. , A NE Limited Liability Co. (herein `Borrower",
<br />whether one or more), and the trust herein created, the receipt of which is hereby
<br />acknowledged, Toaster hereby irrevocably grants, transfers, conveys and assigns to Trustee,
<br />IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and
<br />subject to the terms and conditions hereinafter set forth, legally described as follows:
<br />PARCEL 1: A TRACT OF LAND COMPRISING A PART OF LOT ONE (1) ON ISLAND AND PART OF
<br />THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER (SEIASE1 /4), SITUATED IN THE EAST
<br />HALF OF THE SOUTHEAST QUARTER (El /2SE1 /4) OF SECTION TWENTY -EIGHT (28), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6ra P.M., IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIED AS FOLLOWS: BEGINNING
<br />AT A PONT ON THE WEST LINE OF SAID EAST ONE -HALF OF THE SOUTHESST QUARTER
<br />(El /2SE1 /4), SAID POINT BEING ONE THOUSAND THREE HUNDRED FORTY -EIGHT AND EIGHTY -
<br />FIVE HUNDREDTHS (1348.85) FEET SOUTH OF THE NORTHWEST CORNER OF R.W. RASMUSSEN;
<br />THENCE EASTERLY A DISTANCE OF EIGHT HUNDRED NINETY -SEVEN AND FIFTY -SIX
<br />HUNDREDTHS (897.56) FEET TO A POINT ON THE WEST LINE OF WOODLAND FIRST SUBDIVISION,
<br />SAID POINT BEING THIRTEEN AND THIRTY -ONE HUNDREDTHS (13.31) FEET NORTH OF THE
<br />SOUTHWEST CORNER OF LOT FOUR (4), WOODLAND FIRST SUBDIVISION; THENCE SOUTHERLY
<br />ALONG AND UPON THE WEST LINE OF WOODLAND FIRST SUBDIVISION, A DISTANCE OF ONE
<br />HUNDRED (100.0) FEET TO THE NORTHWEST CORNER OF WOODLAND SECOND SUBDIVISON;
<br />THENCE FEET TO THE NORTHWEST CORNER OF LOT SEVEN (7) OF WOODLAND SECOND
<br />SUBDIVISON, ALSO BEING A POINT ON THE SOUTH LINE OF WOODLAND DRIVE; THENCE
<br />WESTERLY ALONG AND UPON THE PROLONGATION OF THE SOUTH LINE OF WOODLAND
<br />DRIVE, A DISTANCE OF SEVEN HUNDRED NINETH SEVEN AND SIXTY -NINE HUNDREDTHS (797.69)
<br />FEET TO A POINT ON THE WEST LINE OF SAID EAST ONE HALF OF THE SOUTHEAST QUARTER
<br />(El /2SEl /4), A DISTANCE OF SIX HUNDRED SEVENTY -THREE AND THIRTY -ONE HUNDREDTH
<br />(673.31) FEET TO THE POINT OF BEGINNING.
<br />Parcel 2: LOT ONE (1), TWO (2), THREE (3), FOUR (4), FIVE (5), SIX (6), SEVEN (7), EIGHT
<br />(8), NINE (9), TEN (10), ELEVEN (11), TWELVE (12), THIRTEEN (13), FOURTEEN (14),
<br />FIFTEEN (15), SIXTEEN (16), SEVENTEEN (17), EIGHTEEN (18), NINETEEN (19), TWENTY
<br />(20), TWENTY -ONE (21), TWENTY -TWO (22), TWENTY -THREE (23), TWENTY -FOUR (24),
<br />TWENTY -FIVE (25), TWENTY -SIX (26), TWENTY -SEVEN (27), TWENTY -EIGHT (28),
<br />TWENTY NINE (29) AND OUT LOTS A, B & C, ALL IN THE VILLAGE THIRD SUBDIVISION,
<br />IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to,
<br />heating and cooling equipment and together with the homestead or marital interests, if any,
<br />which interests are hereby released and waived, all of which, including replacements and
<br />additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property".
<br />Thayer DOT.doc 1 of
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<br />DEED
<br />OF TRUST
<br />Loan # 804992
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<br />This DEED OF TRUST is made as of the 26' day of December .2002 by and
<br />among the Trustor, Thayer Family L.L.C., A NE Limited Liability Co. and Ernest J.
<br />Thayer and Janice M. Thayer. Husband and Wife -, whose mailing address for purposes
<br />of this Deed of Trust is 404 Woodland Dr., Grand Island. NE 68803
<br />(herein, "Trustor ", whether one or more), the Trustee, Earl D. Ahlschwede. Attorney
<br />whose mailing address is 202 W. 3'd St. Grand Island, NE 68801 (herein "Trustee"), and the
<br />Beneficiary, Equitable Federal Savings Bank of Grand Island, whose mailing address is PO
<br />Box 160, Grand Island NE 68802 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to Thayer Family L.L.C. , A NE Limited Liability Co. (herein `Borrower",
<br />whether one or more), and the trust herein created, the receipt of which is hereby
<br />acknowledged, Toaster hereby irrevocably grants, transfers, conveys and assigns to Trustee,
<br />IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and
<br />subject to the terms and conditions hereinafter set forth, legally described as follows:
<br />PARCEL 1: A TRACT OF LAND COMPRISING A PART OF LOT ONE (1) ON ISLAND AND PART OF
<br />THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER (SEIASE1 /4), SITUATED IN THE EAST
<br />HALF OF THE SOUTHEAST QUARTER (El /2SE1 /4) OF SECTION TWENTY -EIGHT (28), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6ra P.M., IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIED AS FOLLOWS: BEGINNING
<br />AT A PONT ON THE WEST LINE OF SAID EAST ONE -HALF OF THE SOUTHESST QUARTER
<br />(El /2SE1 /4), SAID POINT BEING ONE THOUSAND THREE HUNDRED FORTY -EIGHT AND EIGHTY -
<br />FIVE HUNDREDTHS (1348.85) FEET SOUTH OF THE NORTHWEST CORNER OF R.W. RASMUSSEN;
<br />THENCE EASTERLY A DISTANCE OF EIGHT HUNDRED NINETY -SEVEN AND FIFTY -SIX
<br />HUNDREDTHS (897.56) FEET TO A POINT ON THE WEST LINE OF WOODLAND FIRST SUBDIVISION,
<br />SAID POINT BEING THIRTEEN AND THIRTY -ONE HUNDREDTHS (13.31) FEET NORTH OF THE
<br />SOUTHWEST CORNER OF LOT FOUR (4), WOODLAND FIRST SUBDIVISION; THENCE SOUTHERLY
<br />ALONG AND UPON THE WEST LINE OF WOODLAND FIRST SUBDIVISION, A DISTANCE OF ONE
<br />HUNDRED (100.0) FEET TO THE NORTHWEST CORNER OF WOODLAND SECOND SUBDIVISON;
<br />THENCE FEET TO THE NORTHWEST CORNER OF LOT SEVEN (7) OF WOODLAND SECOND
<br />SUBDIVISON, ALSO BEING A POINT ON THE SOUTH LINE OF WOODLAND DRIVE; THENCE
<br />WESTERLY ALONG AND UPON THE PROLONGATION OF THE SOUTH LINE OF WOODLAND
<br />DRIVE, A DISTANCE OF SEVEN HUNDRED NINETH SEVEN AND SIXTY -NINE HUNDREDTHS (797.69)
<br />FEET TO A POINT ON THE WEST LINE OF SAID EAST ONE HALF OF THE SOUTHEAST QUARTER
<br />(El /2SEl /4), A DISTANCE OF SIX HUNDRED SEVENTY -THREE AND THIRTY -ONE HUNDREDTH
<br />(673.31) FEET TO THE POINT OF BEGINNING.
<br />Parcel 2: LOT ONE (1), TWO (2), THREE (3), FOUR (4), FIVE (5), SIX (6), SEVEN (7), EIGHT
<br />(8), NINE (9), TEN (10), ELEVEN (11), TWELVE (12), THIRTEEN (13), FOURTEEN (14),
<br />FIFTEEN (15), SIXTEEN (16), SEVENTEEN (17), EIGHTEEN (18), NINETEEN (19), TWENTY
<br />(20), TWENTY -ONE (21), TWENTY -TWO (22), TWENTY -THREE (23), TWENTY -FOUR (24),
<br />TWENTY -FIVE (25), TWENTY -SIX (26), TWENTY -SEVEN (27), TWENTY -EIGHT (28),
<br />TWENTY NINE (29) AND OUT LOTS A, B & C, ALL IN THE VILLAGE THIRD SUBDIVISION,
<br />IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to,
<br />heating and cooling equipment and together with the homestead or marital interests, if any,
<br />which interests are hereby released and waived, all of which, including replacements and
<br />additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property".
<br />Thayer DOT.doc 1 of
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