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WHEN RECORDED MAIL TO: United Nebraska Bank Grand Island Office PO Box 5018 Card Island, NE 6RB01. FOR faEf CHDER'S USE ONLY DEED OF TRUST MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 830,000.00. THIS DEED OF TRUST is dated April 3, 2003, among JOSEPH D LAW and WENDY S LAW, husband and wife, whose address is 2210 RIVERSIDE DRIVE, GRAND ISLAND, NE 68801 ("Trustor"); United Nebraska Bank, whose address is Grand Island Office, PO Box 5018, Grand Island, NE 68602 (referred to below sometimes as "Lender" and sometimes as "Beneficlary"1: and United Nebraska Bank , whose address is 700 N. Webb, Grand Island, NE 68802 (referred to below as "Trustee"). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust. WITH POWER OF SALE, for the benefit of Lender as Beneficiary, oil of Trustor's right, title, and interest in and to the fallowing described real property, together with all existing or subsequently erected or affixed buildings, Improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities With ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in HALL County, State of Nebraska: Lot Fourteen (14), Block Two (2), Rapist of Riverside Acres, City of Grand Island, Hall County, Nebraska The Real Property or its address is commonly known as 2210 RIVERSIDE 'DRIVE, GRAND ISLAND, NE 68801. CROSS- COLLATERALIZATION. In addition to the Credit Agreement, this Deed. of Trust secures all obligations, debts and liabilities, plus Ir•f9•eet'hera..p nl T n Xna •r el} +. • C . tl, .p.[T. - yGr en0 Df them, whether now existing or hereafter ' arising, whether related or unrelated to the purpose of the Credit Agreement, whether oluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or mliquid ted whether Truster may be liable Individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. REVOLVING LINE OF CREDIT.. Specifically, in addition to the amounts specified In the Indebtedness definition, and without limitation, this Deed of Trust .¢urea a revolving line of credit, which obligates Lender to make advances to Treanor 6o long as Trustor complies with all the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporary overages, other charge., and any amounts expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in this Dead of Trust and any intermediate balance. Trustor presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Truator's right, title, and interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. - - THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE IA) PAYMENT OF THE INDEBTEDNESS AND IB) PERFORMANCE OF EACH OF TRUSTOR'S AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender-all amounts secured by this Dead of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit Agreement, this Deed of Trust, and the Related Documents. POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be v a.ned by the f provisions: o visions: Possession and Use. Until the occurrence of an Event of Default, Trustor may It) remain in possession and control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property. Duty to Maintain. Trustor shall maintain the Property in rood condition and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; (2) Trusser has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing. (a) any breach or violation of any Environmental Laws, (b) any bee, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (0 any actual or threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender In writing, la) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such inspections and tests, at Trustor'a expanse, as Lender may deem appropriate to determine compliance of the Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and shall out be construed to create any responsibility or liability on the part of Lender to Trustor or to any ether person. The representations and warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor hereby (11 releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes liable for lod I y t� T 2 in V1 O I`r 2 rn CD w � N Z O 200304275 WHEN RECORDED MAIL TO: United Nebraska Bank Grand Island Office PO Box 5018 Card Island, NE 6RB01. FOR faEf CHDER'S USE ONLY DEED OF TRUST MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time 830,000.00. THIS DEED OF TRUST is dated April 3, 2003, among JOSEPH D LAW and WENDY S LAW, husband and wife, whose address is 2210 RIVERSIDE DRIVE, GRAND ISLAND, NE 68801 ("Trustor"); United Nebraska Bank, whose address is Grand Island Office, PO Box 5018, Grand Island, NE 68602 (referred to below sometimes as "Lender" and sometimes as "Beneficlary"1: and United Nebraska Bank , whose address is 700 N. Webb, Grand Island, NE 68802 (referred to below as "Trustee"). CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust. WITH POWER OF SALE, for the benefit of Lender as Beneficiary, oil of Trustor's right, title, and interest in and to the fallowing described real property, together with all existing or subsequently erected or affixed buildings, Improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities With ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in HALL County, State of Nebraska: Lot Fourteen (14), Block Two (2), Rapist of Riverside Acres, City of Grand Island, Hall County, Nebraska The Real Property or its address is commonly known as 2210 RIVERSIDE 'DRIVE, GRAND ISLAND, NE 68801. CROSS- COLLATERALIZATION. In addition to the Credit Agreement, this Deed. of Trust secures all obligations, debts and liabilities, plus Ir•f9•eet'hera..p nl T n Xna •r el} +. • C . tl, .p.[T. - yGr en0 Df them, whether now existing or hereafter ' arising, whether related or unrelated to the purpose of the Credit Agreement, whether oluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or mliquid ted whether Truster may be liable Individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. REVOLVING LINE OF CREDIT.. Specifically, in addition to the amounts specified In the Indebtedness definition, and without limitation, this Deed of Trust .¢urea a revolving line of credit, which obligates Lender to make advances to Treanor 6o long as Trustor complies with all the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporary overages, other charge., and any amounts expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time from zero up to the Credit Limit as provided in this Dead of Trust and any intermediate balance. Trustor presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Truator's right, title, and interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. - - THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE IA) PAYMENT OF THE INDEBTEDNESS AND IB) PERFORMANCE OF EACH OF TRUSTOR'S AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender-all amounts secured by this Dead of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit Agreement, this Deed of Trust, and the Related Documents. POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be v a.ned by the f provisions: o visions: Possession and Use. Until the occurrence of an Event of Default, Trustor may It) remain in possession and control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property. Duty to Maintain. Trustor shall maintain the Property in rood condition and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; (2) Trusser has no knowledge of, or reason to believe that there has been, except as previously disclosed to and acknowledged by Lender in writing. (a) any breach or violation of any Environmental Laws, (b) any bee, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (0 any actual or threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender In writing, la) neither Trustor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such inspections and tests, at Trustor'a expanse, as Lender may deem appropriate to determine compliance of the Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and shall out be construed to create any responsibility or liability on the part of Lender to Trustor or to any ether person. The representations and warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor hereby (11 releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes liable for