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<br />DEED OF TRUST
<br />This DEED OF TRUST is made as of the 22 °d day of March, 2005 by and among the Trustor, J & B
<br />Rentals, LLC, a Nebraska limited liability company, whose mailing address for purposes of this Deed of Trust is
<br />1611 North St. Paul Road Grand Island, Nebraska 68801 (herein, "Trustor ", whether one or more), the Trustee,
<br />AREND R. BAACK, Attorney at Law, a member of the Nebraska State Bar Association, whose mailing address is
<br />P. O. Box 790, Grand Island, NE 68802 -0790 (herein "Trustee "), and the .Beneficiary, HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing address is P. O. Box 1009, Grand
<br />Island, NE 68802 -1009 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to J & B
<br />Rentals, LLC (herein "Borrower ", whether one or more), and the trust herein created, the receipt of which is hereby
<br />acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of the Lender, under and subject to the terms and conditions
<br />hereinafter set forth, legally described as follows:
<br />Parcel 1: Lot Eight (8), Block Twelve (12), College Addition to West Lawn, in the City of Grand
<br />Island, Hall County, Nebraska;
<br />Parcel 2: Lot Eight (8), Block One Hundred Twenty -Eight (128), Union Pacific Railway
<br />Company's Second Addition to the City of Grand Island, Hall County, Nebraska;
<br />Parcel 3: Lot Two (2), In Block One Hundred Thirty -Four (134), in Union Pacific Railway
<br />Company's Second Addition to the City of Grand Island, Hall County, Nebraska;
<br />Parcel 4: Lot One (1), Block Ten (10), Russel Wheeler's Addition to the City of Grand Island, Hall
<br />County, Nebraska;
<br />Parcel 5: The South Half (S 1/2) of Lot Ten (10), except the West Thirty -Two (32) feet thereof,
<br />and the South Half (S 1/2) of Lots Eleven (11) and Twelve (12), Block Nine (9), Military Addition
<br />to the City of St. Paul, Howard County, Nebraska
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, 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 of the real estate secured by the lien of this Deed of Trust and all of the 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. Universal
<br />Note dated March 22, 2005, having a maturity date of May 22, 2015, in the original principal amount of One
<br />Hundred Five Thousand and 00/100 Dollars ($105,000.00), and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and re- advances to Borrower (or any of them if more than one)
<br />hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of
<br />other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants and
<br />agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower (or
<br />any of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by note,
<br />guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure the Note
<br />or otherwise executed in connection therewith, including without limitation guarantees, security agreements and
<br />assignments of leases and 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.
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<br />This DEED OF TRUST is made as of the 22 °d day of March, 2005 by and among the Trustor, J & B
<br />Rentals, LLC, a Nebraska limited liability company, whose mailing address for purposes of this Deed of Trust is
<br />1611 North St. Paul Road Grand Island, Nebraska 68801 (herein, "Trustor ", whether one or more), the Trustee,
<br />AREND R. BAACK, Attorney at Law, a member of the Nebraska State Bar Association, whose mailing address is
<br />P. O. Box 790, Grand Island, NE 68802 -0790 (herein "Trustee "), and the .Beneficiary, HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing address is P. O. Box 1009, Grand
<br />Island, NE 68802 -1009 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to J & B
<br />Rentals, LLC (herein "Borrower ", whether one or more), and the trust herein created, the receipt of which is hereby
<br />acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of the Lender, under and subject to the terms and conditions
<br />hereinafter set forth, legally described as follows:
<br />Parcel 1: Lot Eight (8), Block Twelve (12), College Addition to West Lawn, in the City of Grand
<br />Island, Hall County, Nebraska;
<br />Parcel 2: Lot Eight (8), Block One Hundred Twenty -Eight (128), Union Pacific Railway
<br />Company's Second Addition to the City of Grand Island, Hall County, Nebraska;
<br />Parcel 3: Lot Two (2), In Block One Hundred Thirty -Four (134), in Union Pacific Railway
<br />Company's Second Addition to the City of Grand Island, Hall County, Nebraska;
<br />Parcel 4: Lot One (1), Block Ten (10), Russel Wheeler's Addition to the City of Grand Island, Hall
<br />County, Nebraska;
<br />Parcel 5: The South Half (S 1/2) of Lot Ten (10), except the West Thirty -Two (32) feet thereof,
<br />and the South Half (S 1/2) of Lots Eleven (11) and Twelve (12), Block Nine (9), Military Addition
<br />to the City of St. Paul, Howard County, Nebraska
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, 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 of the real estate secured by the lien of this Deed of Trust and all of the 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. Universal
<br />Note dated March 22, 2005, having a maturity date of May 22, 2015, in the original principal amount of One
<br />Hundred Five Thousand and 00/100 Dollars ($105,000.00), and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and re- advances to Borrower (or any of them if more than one)
<br />hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of
<br />other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants and
<br />agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower (or
<br />any of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by note,
<br />guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure the Note
<br />or otherwise executed in connection therewith, including without limitation guarantees, security agreements and
<br />assignments of leases and 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.
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