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<br />DEED OF TRUST
<br />This DEED OF TRUST is made as ofthe 23" day of May, 2002 by and among the Trustor, Mark E. and
<br />Amy J. Ball, Husband and Wife, whose mailing address for purposes of this Decd of Trust is 3425 Schroeder Ave.
<br />Grand Island, Nebraska 68803 (herein, "Trustor ", whether one or more), the Trustee, AREND R. BAACK, Attorney
<br />at Law, a member ofthe Nebraska State Bar Association, whose mailing address is P. O. Box 790, Grand Island, NE
<br />68802 -0790 (herein "Trustee "), and die Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
<br />OF GRAND ISLAND, whose mailing address is P. O. Box 1009, Grand Island, NE 68802 -1009 (herein "Lender ").
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<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Mark F..
<br />and Amy J. Hall (herein "Borrower ", whether one or more), and the trust herein created, the receipt of which is
<br />hereby acknowledged, Truster hereby irrevocable grants, transfers, conveys and assigns to 'Douse, IN "CRUST,
<br />WITH POWER OF SALE, for the benefit and security ofthe Lender, under and subject to the terms and conditions
<br />hereinafter set forth, legally described as follows:
<br />Lot 3, Block 2, Westroads Estate Subdivision, Hall County, Nebraska;
<br />together with all buildings, improvements fixtures, streets, alleys, passageways, eavemenls, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br />remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture,
<br />Including, but not limited to, heating and cooling equipment and together with the homestead or marital interests, if
<br />any, which interests are hereby released and waived. all of which, including replacements and additions thereto, is
<br />hereby declared to be a part ofthe real estate secured by the lien of this Deed of Trost and all ofthe foregoing being
<br />referred to herein as the "Property ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Note dated
<br />May 23, 2002, having a maturity date of May 23, 2012, in the original principal amount of Eleven Thousand and
<br />00 /100 Dollars ($I 1,000.00), and any and all modifications, extensions and renewals thereof or thereto and any and
<br />all future advances and re- advances to Borrower (or any of them if more than one) hereunder pursuant to one or
<br />more promissory notes or credit agreements (herein called "Note "); (b) the payment of other sums advanced by
<br />Lender to protect the security of the Note; (c) the performance of all covenants and agreements of Truster set forth
<br />herein; and (d) all present and future indebtedness and obligations of Borrower (or any of them if more than one) to
<br />Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or
<br />otherwise. The Note, this Deed of Trust and any and all other documents that secure the Note or otherwise executed
<br />in connection therewith, including without limitation guarantees, security agreements and assignments of leases and
<br />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. Titic. Truster is the owner of the Property, has the right and authority to convey the Property and
<br />warrants that the lien created hereby is a First and prim lien on the Property and the execution and delivery of the
<br />Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
<br />3. Taxes Assessments- To pay he Core delinquent all taxes, special assessments and all other charges
<br />against the Property now or hereafter levied
<br />4, Insurance. To keep the Property insured against damage by Grc hazards included with the term
<br />"extended coverage" and such other hazards as Lender may require in amounts and with companies acceptable to
<br />Lender, naming Lender as an additional named insured with loss payable to the Lender. In case of loss under such
<br />policies, the Lender is authorized to adjust, collect and compromise all claims thereunder and shall have the option
<br />of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby and in such order as Lender
<br />may determine, (it) to the 'frustor to be used for the repair or restoration of the Property , or (iii) for any other
<br />purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured
<br />hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or
<br />postpone the due date of any payments under the Note, or cure any default thereunder or hereunder.
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