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<br />200301693 DEED OF TRUST
<br />Loan # 805009
<br />This DEED OF TRUST is made as of the 11th day of February. 2003 by and among the
<br />Trustoq J.O. Enterprises. Inc., whose mailing address for purposes of this Deed of Trust is
<br />208 West 4th St. (herein, "Tmstor ", whether one or more), the Trustee, Earl p Ahlschwede
<br />Altorne whose mailing address is 202 W 3i° St Grand Island. NE 68801 (herein "Trustee "),
<br />and the Beneficiary, Equitable Federal Savings Bank of Grand Island, whose mailing address
<br />is PO Box 160, Grand Island NE 68802 (herein "Lender").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to J.O. Enterprises. Inc. (herein `Borrower", whether one or more), and the trust
<br />herein created, the receipt of which is hereby acknowledged, Truster hereby irrevocably
<br />grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for
<br />the benefit and security of Lender, under and subject to the terms and conditions hereinafter
<br />set forth, legally described as follows:
<br />Parcel 1: Lot One (1), CSG Subdivision in the City of Grand Island, Hall County,
<br />Nebraska.
<br />Parcel 2: Fractional Lot Two (2), Block Six (6), in Kernohan and Decker's Addition to
<br />the City of Grand Island, Hall County, Nebraska
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, casements,
<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 />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by a Promissory Note dated 02 -11 -2003, having a maturity date of 02 -11 -2008, in
<br />the original principal amount of One Hundred Sixty Two Thousand, Seven Hundred Fifty
<br />Dollars and No /100 Dollars ($162,750.00), and any and all modifications, extensions and
<br />renewals thereof or thereto and any and all future advances and readvances to Borrower (or
<br />any of them if more than one) hereunder pursuant to one or more promissory notes or credit
<br />arrangements (herein called "Note "); (b) the payment of other sums advanced by Lender to
<br />protect the security of the Note; (c) the performance of all covenants and agreements of
<br />Tmstor set forth herein; and (d) all present and future indebtedness and obligations of
<br />Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or
<br />contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed
<br />of Trust and any and all other documents that secure the Note or otherwise executed in
<br />connection therewith, including without limitation guarantees, security agreements and
<br />assignments of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />1) Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2) Title. Tmstor is the owner of the Property, has the right and authority to convey the
<br />Property and warrants that the lien created hereby is a first and prior lien on the Property
<br />doc8.doe 1 of 6
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