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<br />00000000000000235
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Dead of Trust shall not exceed at any one time $25,000.00.
<br />THIS DEED OF TRUST is dated May 16, 2003, among Marvin L. Webb and Jeanne F. Webb, husband and
<br />wife, whose address is 1223 West Sth Street, Grand Island, NE 68801; ( "Trustor "); Wells Fargo Bank
<br />Nebraska, National Association, whose address is Grand Island -Main, 304 W 3rd St, Grand Island, NE 68801
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consicki ado., Traitor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender m SanMclary, 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
<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 />property, Including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall
<br />County, State of Nebraska:
<br />Lot Five (5), Block Nine (9), Wellich's Addition to the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address Is commonly known as 1223 West 8th, Grand Island, NE 68801.
<br />Tractor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender 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) PERFORMANCE OF A GUARANTY FROM TRUSTOR TO LENDER, AND DOES NOT DIRECTLY
<br />SECURE THE OBLIGATIONS DUE LENDER UNDER THE NOTE, (8) PAYMENT OF THE INDEBTEDNESS AND (C) PERFORMANCE OF ANY
<br />AND ALL OBLIGATIONS UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Truster warrants that: fan this Deed 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 Dead of Trust and to hypothecate the
<br />Property; (c) 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 Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Tractor; hil Truster has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Truster about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. This Deed of Trust secures a guaranty and does not directly secure the Indebtedness due Lander under the Nate.
<br />Truster waives any and all rights and defenses arising by reason of (a) any "one - action" or " anti- deficiency' law, or any other law that
<br />may prevent Lender from bringing any action or claim for deficiency against Borrower, (b) any election of remedies by Lender which may
<br />limit Trustor's rights to proceed against any party indebted under the Note, or (c) any disability or defense of any party indebted under the
<br />Note, any other guarantor or any other person by reason of cessation of the Indebtedness due under the Note for any reason other than full
<br />payment of the Note.
<br />PAYMENT AND PERFORMANCE. Except es otherwise provided in this Deed of Trust, Truster shall strictly perform all of Trustor's
<br />obligations under the Guaranty and under this Deed of Trust.
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<br />WHEN RECORDED MAIL TO:
<br />Minneapolis Loan Ops Center
<br />Am: Collateral Processing - Rep III
<br />730 2A . 1000
<br />MN 4
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<br />FOR RECORDER'S USE ONLY
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<br />00000000000000235
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Dead of Trust shall not exceed at any one time $25,000.00.
<br />THIS DEED OF TRUST is dated May 16, 2003, among Marvin L. Webb and Jeanne F. Webb, husband and
<br />wife, whose address is 1223 West Sth Street, Grand Island, NE 68801; ( "Trustor "); Wells Fargo Bank
<br />Nebraska, National Association, whose address is Grand Island -Main, 304 W 3rd St, Grand Island, NE 68801
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consicki ado., Traitor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender m SanMclary, 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
<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 />property, Including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall
<br />County, State of Nebraska:
<br />Lot Five (5), Block Nine (9), Wellich's Addition to the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address Is commonly known as 1223 West 8th, Grand Island, NE 68801.
<br />Tractor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender 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) PERFORMANCE OF A GUARANTY FROM TRUSTOR TO LENDER, AND DOES NOT DIRECTLY
<br />SECURE THE OBLIGATIONS DUE LENDER UNDER THE NOTE, (8) PAYMENT OF THE INDEBTEDNESS AND (C) PERFORMANCE OF ANY
<br />AND ALL OBLIGATIONS UNDER THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Truster warrants that: fan this Deed 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 Dead of Trust and to hypothecate the
<br />Property; (c) 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 Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Tractor; hil Truster has
<br />established adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e)
<br />Lender has made no representation to Truster about Borrower (including without limitation the creditworthiness of Borrower).
<br />TRUSTOR'S WAIVERS. This Deed of Trust secures a guaranty and does not directly secure the Indebtedness due Lander under the Nate.
<br />Truster waives any and all rights and defenses arising by reason of (a) any "one - action" or " anti- deficiency' law, or any other law that
<br />may prevent Lender from bringing any action or claim for deficiency against Borrower, (b) any election of remedies by Lender which may
<br />limit Trustor's rights to proceed against any party indebted under the Note, or (c) any disability or defense of any party indebted under the
<br />Note, any other guarantor or any other person by reason of cessation of the Indebtedness due under the Note for any reason other than full
<br />payment of the Note.
<br />PAYMENT AND PERFORMANCE. Except es otherwise provided in this Deed of Trust, Truster shall strictly perform all of Trustor's
<br />obligations under the Guaranty and under this Deed of Trust.
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