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THIS DEED OF TRUST is made on the 26th day of September, 2002. The Trustor is Mid - Nebraska
<br />Foundation, Inc. a /k /a Burrower. The Trustee is Nebraska State Bank &Trust Company, Broken Bow,
<br />Nebraska, a /k /a Lender. The Beneficiary is Nebraska State Bank & Trust Company, Broken Bow,
<br />Nebraska. The Beneficiary's address is P.O. Box 688,945 South D Street, Broken Bow, Nebraska 68822.
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following:
<br />Lot 14 Bosselman's 2nd Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />together with all the rents and properties therefrom and subject to easements and restrictions of record, if
<br />any.
<br />Borrower owes Lender $100,000.00, evidenced by Borrower's note dated this 26th day of
<br />September, 2002, payable according to the terms thereof, and may receive additional advances pursuant
<br />to the terms of this Deed of Trust.
<br />This Trust Deed is given to secure:
<br />a) A Promissory Note dated this 26th day of September, 2002 given by Mid - Nebraska Individual
<br />Services, Inc. to Nebraska State Bank & Trust Company, in the principal sum of $100,000.00,
<br />payable with interest according to the terms of said Note and any instruments taken in
<br />refinancing, extending or renewing said indebtedness or any part thereof;
<br />b) Any future advances which may be made from time to time by Beneficiary, at its option, to
<br />Trustor, or any of them or their successors in title, for any purpose, including, but not limited to,
<br />initial and future and additional advances in any amount or amounts; provided, however, that
<br />such future and additional advances shall be so limited that the total principal amounts
<br />outstanding at any one time shall not exceed the sum of $500,000.00 and provided further that this
<br />Deed of Trust shall be for the amount of $500,000.00 of future advances and provided further that
<br />the future advances so made shall be payable in accordance with the terms of a Promissory Note
<br />or Notes which may be taken to evidence such advances or any part thereof. (The optional
<br />advances herein authorized shall be considered additional to the advances hereinafter authorized
<br />to be made by the Nebraska State Bank and Trust Company, for the protection of the security of
<br />Nebraska State Bank and Trust Company interest therein.)
<br />c) The payment of all other sums, with interest, advanced under the provisions hereafter to
<br />protect the security and performance of the Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power
<br />and lawful authority to convey the same and warrants and will defend title to the real estate against the
<br />lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due, the principal and interest as provided in said note.
<br />2. All payments received by Lender shall be first applied to advances which may have been made
<br />by Lender and then to interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the property
<br />before the same become delinquent.
<br />4. if Lender determines that any part of the property is subject to a lien, which is or may attain
<br />priority over this security instrument, Lender may give Borrower a notice identifying the lien and
<br />Borrower shall satisfy the lien within 10 days.
<br />5. Borrower shall keep the improvements on said premises insured against loss by fire and
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<br />DEED
<br />OF
<br />TRUST
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<br />THIS DEED OF TRUST is made on the 26th day of September, 2002. The Trustor is Mid - Nebraska
<br />Foundation, Inc. a /k /a Burrower. The Trustee is Nebraska State Bank &Trust Company, Broken Bow,
<br />Nebraska, a /k /a Lender. The Beneficiary is Nebraska State Bank & Trust Company, Broken Bow,
<br />Nebraska. The Beneficiary's address is P.O. Box 688,945 South D Street, Broken Bow, Nebraska 68822.
<br />Borrower irrevocably conveys to Trustee, in Trust, with power of sale, the following:
<br />Lot 14 Bosselman's 2nd Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />together with all the rents and properties therefrom and subject to easements and restrictions of record, if
<br />any.
<br />Borrower owes Lender $100,000.00, evidenced by Borrower's note dated this 26th day of
<br />September, 2002, payable according to the terms thereof, and may receive additional advances pursuant
<br />to the terms of this Deed of Trust.
<br />This Trust Deed is given to secure:
<br />a) A Promissory Note dated this 26th day of September, 2002 given by Mid - Nebraska Individual
<br />Services, Inc. to Nebraska State Bank & Trust Company, in the principal sum of $100,000.00,
<br />payable with interest according to the terms of said Note and any instruments taken in
<br />refinancing, extending or renewing said indebtedness or any part thereof;
<br />b) Any future advances which may be made from time to time by Beneficiary, at its option, to
<br />Trustor, or any of them or their successors in title, for any purpose, including, but not limited to,
<br />initial and future and additional advances in any amount or amounts; provided, however, that
<br />such future and additional advances shall be so limited that the total principal amounts
<br />outstanding at any one time shall not exceed the sum of $500,000.00 and provided further that this
<br />Deed of Trust shall be for the amount of $500,000.00 of future advances and provided further that
<br />the future advances so made shall be payable in accordance with the terms of a Promissory Note
<br />or Notes which may be taken to evidence such advances or any part thereof. (The optional
<br />advances herein authorized shall be considered additional to the advances hereinafter authorized
<br />to be made by the Nebraska State Bank and Trust Company, for the protection of the security of
<br />Nebraska State Bank and Trust Company interest therein.)
<br />c) The payment of all other sums, with interest, advanced under the provisions hereafter to
<br />protect the security and performance of the Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power
<br />and lawful authority to convey the same and warrants and will defend title to the real estate against the
<br />lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due, the principal and interest as provided in said note.
<br />2. All payments received by Lender shall be first applied to advances which may have been made
<br />by Lender and then to interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the property
<br />before the same become delinquent.
<br />4. if Lender determines that any part of the property is subject to a lien, which is or may attain
<br />priority over this security instrument, Lender may give Borrower a notice identifying the lien and
<br />Borrower shall satisfy the lien within 10 days.
<br />5. Borrower shall keep the improvements on said premises insured against loss by fire and
<br />
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