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[__Glenn E. Whitehead and Diana L. Whitehead, husband and
<br />whose mailing address is [ 2425 N Wheeler, Grand Island, NE_ 68801
<br />(herein'"Prustor ", whether one or more). 'the Trustee: NEBRASKA ENERGY FEDERAL CREDIT UNION whose mailing address
<br />is: P.O. Box 499, Columbus, HE 68602 -0499. (herein "Trustee "), and the Beneficiary: NEBRASKA ENERGY FEDERAL.
<br />CREDIT UNION whose mailing address is: P.O. Box 499, Columbus, NE 68602 -0499 (herein "Lender').
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />[Glenn E. Whitehead and Diana L. Whitehead, husband and wife r
<br />fretchi " Borower," whether one or more) and the trust herein created, the receipt of which is hereby acknowledged, 1 file tot hereby
<br />irrevocably grants, transfers, conveys and assigns to trustee, IN TRUST, WITH POWER OF SALE, for the benefit and seauify of
<br />Lender, under and subject to the terms and conditions hereinafter set forth, the real property described as toItows:
<br />Lot Two (2), Centennial Gardens Subdivision, an Addition to the City of Grand
<br />Island, Hall County, Nebraska
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<br />'together with al buildings, improvements, fixtures, sheets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the teats, issues and profits, reversions and remainders thereof, and such per-
<br />sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited lo, heating and cooling
<br />equipment; and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which,
<br />including replacements and additions thereto, is hereby declared to be a pan of the real estate secured by the lien of this Deed of fmst
<br />and all of the foregoing being referred to herein as the "Property".
<br />This Deed of'I'rlist shall secure (a) t e,yaryrent of doe principal sum and interest evidenced by a promissory note or credit
<br />agreement dated L _ December 19,-2002 ], having a maturity date of[ none stated ]
<br />in the original principal amount of [s 3561.00 _ _ ] , and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all but advances and teadvances to Borrower (or any of them if more than one) hereunder pursuant
<br />to one e, more promissory notes or credit agreements (herein called "Note "); (b) fire payment ofother sums advanced by Lender to
<br />protect the security of the Note; (c) the performance of all covenants and agreements ofTrstor set forth herein' and (d) all present and
<br />future indebtedness and obligations of Borrower (or any oflhem Throne than one) to Lender whether direct, indirect, absolute or
<br />contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed ofTrust and any and all other
<br />documents that secure the Note or otherwise executed in connection therewith, including without lintilalion guarantees, security
<br />agreements and assignments of leases and rents, shall be referred to heroin as the "Loan Instruments ".
<br />Tmstor covenants and agrees with Lender as follows:
<br />1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2. 'title. Trustee r is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien
<br />created hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by'l nu toa in writing and
<br />delivered to Lender before execution of this Deed of l'nst, and the execution and delivery ofthis Deed of "frost does not
<br />violate any contract or other obligation to which Truster is subject.
<br />3. "Faxes, Assessments. To pay before delinquency all taxes, special assessments and all other charges against the Property
<br />now or hereafter levied.
<br />4. hiss once_ To keep the Property insured against damage by fire, hazards included within the term "extended coverage ",
<br />and such other hazards as Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an
<br />additional named insured, with loss payable to the Tender. In case of loss under such policies, the tender is authorized to
<br />adjust, collect and compromise, all claims thereunder and shall have the option of applying all or part of the insurance
<br />proceeds (if to any indebtedness secured hereby and in such order as Lender may determine, (it) to the 'llustor to be used for
<br />lire repair or restoration of the Property or (iii) for any other purpose or object satisfactory to Lender without affecting the lien
<br />of this Deed of Trost for the full amount secured hereby before such payment ever took place. Any applications of proceeds
<br />to indebtedness shall not extend or postpone the due date of any payments under the Note, or care any default thereunder or
<br />hereunder.
<br />5. Esc coo. Upon written demand by Lender, Truster shall pay to Lender, in such a insurer as Lender may designate,
<br />sufficient sums to enable Lender to pay as they become due one or more ofthe following' (i) all taxes, assessments and other
<br />charges against the Property, (it) the premiums on the property insurance required hereunder, and (iii) the preninuns on any
<br />mortgage insurance required by Lender.
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<br />DEED OF TRUST
<br />WITH FUTURE
<br />ADVANCES
<br />THIS DEED
<br />OF TRUST,
<br />is made as of the [ 19th
<br />] day of [
<br />December
<br />—J
<br />2002, by and among the
<br />Trustor,
<br />[__Glenn E. Whitehead and Diana L. Whitehead, husband and
<br />whose mailing address is [ 2425 N Wheeler, Grand Island, NE_ 68801
<br />(herein'"Prustor ", whether one or more). 'the Trustee: NEBRASKA ENERGY FEDERAL CREDIT UNION whose mailing address
<br />is: P.O. Box 499, Columbus, HE 68602 -0499. (herein "Trustee "), and the Beneficiary: NEBRASKA ENERGY FEDERAL.
<br />CREDIT UNION whose mailing address is: P.O. Box 499, Columbus, NE 68602 -0499 (herein "Lender').
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />[Glenn E. Whitehead and Diana L. Whitehead, husband and wife r
<br />fretchi " Borower," whether one or more) and the trust herein created, the receipt of which is hereby acknowledged, 1 file tot hereby
<br />irrevocably grants, transfers, conveys and assigns to trustee, IN TRUST, WITH POWER OF SALE, for the benefit and seauify of
<br />Lender, under and subject to the terms and conditions hereinafter set forth, the real property described as toItows:
<br />Lot Two (2), Centennial Gardens Subdivision, an Addition to the City of Grand
<br />Island, Hall County, Nebraska
<br />< }3
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<br />'together with al buildings, improvements, fixtures, sheets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the teats, issues and profits, reversions and remainders thereof, and such per-
<br />sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited lo, heating and cooling
<br />equipment; and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which,
<br />including replacements and additions thereto, is hereby declared to be a pan of the real estate secured by the lien of this Deed of fmst
<br />and all of the foregoing being referred to herein as the "Property".
<br />This Deed of'I'rlist shall secure (a) t e,yaryrent of doe principal sum and interest evidenced by a promissory note or credit
<br />agreement dated L _ December 19,-2002 ], having a maturity date of[ none stated ]
<br />in the original principal amount of [s 3561.00 _ _ ] , and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all but advances and teadvances to Borrower (or any of them if more than one) hereunder pursuant
<br />to one e, more promissory notes or credit agreements (herein called "Note "); (b) fire payment ofother sums advanced by Lender to
<br />protect the security of the Note; (c) the performance of all covenants and agreements ofTrstor set forth herein' and (d) all present and
<br />future indebtedness and obligations of Borrower (or any oflhem Throne than one) to Lender whether direct, indirect, absolute or
<br />contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed ofTrust and any and all other
<br />documents that secure the Note or otherwise executed in connection therewith, including without lintilalion guarantees, security
<br />agreements and assignments of leases and rents, shall be referred to heroin as the "Loan Instruments ".
<br />Tmstor covenants and agrees with Lender as follows:
<br />1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
<br />2. 'title. Trustee r is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien
<br />created hereby is a first and prior lien on the Property, except for liens and encumbrances set forth by'l nu toa in writing and
<br />delivered to Lender before execution of this Deed of l'nst, and the execution and delivery ofthis Deed of "frost does not
<br />violate any contract or other obligation to which Truster is subject.
<br />3. "Faxes, Assessments. To pay before delinquency all taxes, special assessments and all other charges against the Property
<br />now or hereafter levied.
<br />4. hiss once_ To keep the Property insured against damage by fire, hazards included within the term "extended coverage ",
<br />and such other hazards as Lender may require, in amounts and with companies acceptable to Lender, naming Lender as an
<br />additional named insured, with loss payable to the Tender. In case of loss under such policies, the tender is authorized to
<br />adjust, collect and compromise, all claims thereunder and shall have the option of applying all or part of the insurance
<br />proceeds (if to any indebtedness secured hereby and in such order as Lender may determine, (it) to the 'llustor to be used for
<br />lire repair or restoration of the Property or (iii) for any other purpose or object satisfactory to Lender without affecting the lien
<br />of this Deed of Trost for the full amount secured hereby before such payment ever took place. Any applications of proceeds
<br />to indebtedness shall not extend or postpone the due date of any payments under the Note, or care any default thereunder or
<br />hereunder.
<br />5. Esc coo. Upon written demand by Lender, Truster shall pay to Lender, in such a insurer as Lender may designate,
<br />sufficient sums to enable Lender to pay as they become due one or more ofthe following' (i) all taxes, assessments and other
<br />charges against the Property, (it) the premiums on the property insurance required hereunder, and (iii) the preninuns on any
<br />mortgage insurance required by Lender.
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