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DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $75,000.00.
<br />THIS DEED OF TRUST is dated February 7, 2003, among JAMES E ZAHM and WILMA M ZAHM; HUSBAN
<br />AND WIFE ( "Truster"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand
<br />Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five
<br />Points Bank, whose address is P.0 Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trastor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor'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 rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights royalties antl profits relating to the real property inclutling
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real brope1 `y") located in HALL County, Slate of
<br />Nebraska:
<br />LOT TWENTY TWO (22), IN BLOCK THREE (3) SECOND ADDITION TO HOLCOMB'S HIGHWAY HOMES
<br />SUBDIVISION BEING IN THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER (NE1 /4NE1/4) OF
<br />SECTION TWENTY EIGHT (28), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 2118 BRAHMA, GRAND ISLAND, NE 68801. The
<br />Real Property tax identification number Is 400306468
<br />FUTURE ADVANCES. Specificelly, without limitation, this Food of Trust secures, in addition to the amounts specified in the Note, all future
<br />amounts Lender in its discretion may loan to Truster, together with all interest thereon; however, in no event shall such future advances (excluding
<br />interest) exceed in the aggregate $75,000.00.
<br />Truster presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trusters right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial Code security
<br />interest In the Personal Property and Rants.
<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 />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Truster shall pay to Lender all amounts secured by this
<br />Dead of Trust as they become due, and shall strictly and in a timely manner perform all of Trusters obligations under the Note, this Dead of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truster agrees that Trustor's possession and use of the Property shell be governed
<br />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; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Truster shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
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<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $75,000.00.
<br />THIS DEED OF TRUST is dated February 7, 2003, among JAMES E ZAHM and WILMA M ZAHM; HUSBAN
<br />AND WIFE ( "Truster"); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand
<br />Island, NE 68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five
<br />Points Bank, whose address is P.0 Box 1507, Grand Island, NE 68802 -1507 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trastor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor'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 rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights royalties antl profits relating to the real property inclutling
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real brope1 `y") located in HALL County, Slate of
<br />Nebraska:
<br />LOT TWENTY TWO (22), IN BLOCK THREE (3) SECOND ADDITION TO HOLCOMB'S HIGHWAY HOMES
<br />SUBDIVISION BEING IN THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER (NE1 /4NE1/4) OF
<br />SECTION TWENTY EIGHT (28), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 2118 BRAHMA, GRAND ISLAND, NE 68801. The
<br />Real Property tax identification number Is 400306468
<br />FUTURE ADVANCES. Specificelly, without limitation, this Food of Trust secures, in addition to the amounts specified in the Note, all future
<br />amounts Lender in its discretion may loan to Truster, together with all interest thereon; however, in no event shall such future advances (excluding
<br />interest) exceed in the aggregate $75,000.00.
<br />Truster presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trusters right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial Code security
<br />interest In the Personal Property and Rants.
<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 />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Truster shall pay to Lender all amounts secured by this
<br />Dead of Trust as they become due, and shall strictly and in a timely manner perform all of Trusters obligations under the Note, this Dead of Trust,
<br />and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truster agrees that Trustor's possession and use of the Property shell be governed
<br />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; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Truster shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
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