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THIS DEED OF TRUST is made on this /day of r r, 2002. The Truster (whether one or more) is TRI -CITY PROPERTIES, L.L.C., a Nebraska limited liability company, whose address for purposes of notices in respect to this Deed of Trust is P.O. Box 2600, Grand Island, NE 68802 -2600 and is sometimes herein identified as Borrower. The Trustee is Arend R. Baack, Attorney at Law and member of the Nebraska State Bar Association, whose address is P.O. Box 790, Grand Island, NE 68802 -0790. The Beneficiary is Fred M. Glade, III, Trustee of the Fred M. Glade, Ill, Revocable Trust, whose address for purposes of notification under this Deed of Trust is 1411 Stagecoach Road, Grand Island, NE 68801 and is sometimes herein identified as Lender. BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH POWER OF SALE, THE FOLLOWING: Lot Five (5), Block Sixty -One (61), in the Original Town, now City of Grand Island, Hall County, Nebraska. together with all buildings, improvements, fixtures, streets, alleys, passageways, ease- ments, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment and together with the homestead or marital interests, if any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being referred to herein as the "Property ". Borrower owes Lender the total sum of Two Hundred Fifteen Thousand and No /100 Dollars ($215,000.00) evidenced by Borrower's Note of even date herewith (hereinafter referred to as "Debt ") which has a stated maturity date of October 1, 2005. This Debt shall include any and all modifications, extensions and renewals thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note "). This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants and agreements. Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons. BORROWER AND LENDER AGREE AS FOLLOWS: I. Borrower shall pay when due, the principal and interest as provided in said Note. 2. All payments received by Lender shall be first applied to advances that may have been made by Lender and then to interest due and last to principal due. m � n T x a c m rn m N W T oa N n ^ N 200211353 �• • DEED OF TRUST '—' �71 �„ �'' o THIS DEED OF TRUST is made on this /day of r r, 2002. The Truster (whether one or more) is TRI -CITY PROPERTIES, L.L.C., a Nebraska limited liability company, whose address for purposes of notices in respect to this Deed of Trust is P.O. Box 2600, Grand Island, NE 68802 -2600 and is sometimes herein identified as Borrower. The Trustee is Arend R. Baack, Attorney at Law and member of the Nebraska State Bar Association, whose address is P.O. Box 790, Grand Island, NE 68802 -0790. The Beneficiary is Fred M. Glade, III, Trustee of the Fred M. Glade, Ill, Revocable Trust, whose address for purposes of notification under this Deed of Trust is 1411 Stagecoach Road, Grand Island, NE 68801 and is sometimes herein identified as Lender. BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH POWER OF SALE, THE FOLLOWING: Lot Five (5), Block Sixty -One (61), in the Original Town, now City of Grand Island, Hall County, Nebraska. together with all buildings, improvements, fixtures, streets, alleys, passageways, ease- ments, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment and together with the homestead or marital interests, if any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being referred to herein as the "Property ". Borrower owes Lender the total sum of Two Hundred Fifteen Thousand and No /100 Dollars ($215,000.00) evidenced by Borrower's Note of even date herewith (hereinafter referred to as "Debt ") which has a stated maturity date of October 1, 2005. This Debt shall include any and all modifications, extensions and renewals thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note "). This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all other sums, with interest, advanced under the provisions hereafter to protect the security and the performance of Borrower's covenants and agreements. Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons. BORROWER AND LENDER AGREE AS FOLLOWS: I. Borrower shall pay when due, the principal and interest as provided in said Note. 2. All payments received by Lender shall be first applied to advances that may have been made by Lender and then to interest due and last to principal due.