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DEED OF TRUST THIS DEED OF TRUST is made as of the 16th day of _May, 2005, by and among Thomas Hohnbaum and Pamela Hohnbaum, husband and wife, whose mailing address is _369 Hwy. 11, Dannebrog, NE. 68831 ( "Trustor "), and Thomas C. Huston, an attorney at law licensed to practice in the State of Nebraska, whose mailing address is 1900 U.S. Bank Building, 233 r South 13th Street, Lincoln, Nebraska 68508 ( "Trustee "), and Little B's Corporation, a Nebraska corporation, having an address of 4444 W. 13" Street, Grand Island, NE. 68803 ("Beneficiary"), FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property located in Hall County, Nebraska, and legally described as follows: Lot 4, Block 3 Summerfield Estates 0 Subdivision to the City of Grand Island, Hall County, Nebraska, together with all rents, easements, appurtenances, hereditaments, interest in adjoining roads, streets, alleys, improvements, buildings of any kind situated thereon, and all personal property that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water and mineral rights. The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ". For the purpose of securing: (a) The payment of indebtedness in the total principal amount of Thirty -Three Thousand Five Hundred Dollars ($33,500.00), as evidenced by that certain promissory note of even date herewith (the "Note ") executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications, extensions, and renewals thereof; and (b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the default rate provided in the Note. (c) Performance of all of Trustor's obligations under the Purchase Agreement entered into by and between Trustee and Beneficiary and dated as of the 16th day of May, 2005 (the "Purchase Agreement "). This Deed of Trust, the Note, the Guaranty Agreement of even date herewith, and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ". To protect the security of this deed of trust: 2. Pavment of Indebtedness: Covenant of Title (a) Trustor shall pay when due the principal of, and the interest on, the indebtedness evidenced by the Note, charges, fees, and all the sums as provided in the Loan Instruments. (b) Trustor hereby covenants with Beneficiary that Trustor is lawfully seised of the property hereby conveyed, that Trustor warrants and {10550262.1) M e) rn c M cn n CA CD CD p d? "� C-r OTi .>,, L7-1 C7 3 CID co C17 2 Cf7 Q DEED OF TRUST THIS DEED OF TRUST is made as of the 16th day of _May, 2005, by and among Thomas Hohnbaum and Pamela Hohnbaum, husband and wife, whose mailing address is _369 Hwy. 11, Dannebrog, NE. 68831 ( "Trustor "), and Thomas C. Huston, an attorney at law licensed to practice in the State of Nebraska, whose mailing address is 1900 U.S. Bank Building, 233 r South 13th Street, Lincoln, Nebraska 68508 ( "Trustee "), and Little B's Corporation, a Nebraska corporation, having an address of 4444 W. 13" Street, Grand Island, NE. 68803 ("Beneficiary"), FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real property located in Hall County, Nebraska, and legally described as follows: Lot 4, Block 3 Summerfield Estates 0 Subdivision to the City of Grand Island, Hall County, Nebraska, together with all rents, easements, appurtenances, hereditaments, interest in adjoining roads, streets, alleys, improvements, buildings of any kind situated thereon, and all personal property that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water and mineral rights. The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ". For the purpose of securing: (a) The payment of indebtedness in the total principal amount of Thirty -Three Thousand Five Hundred Dollars ($33,500.00), as evidenced by that certain promissory note of even date herewith (the "Note ") executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications, extensions, and renewals thereof; and (b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the default rate provided in the Note. (c) Performance of all of Trustor's obligations under the Purchase Agreement entered into by and between Trustee and Beneficiary and dated as of the 16th day of May, 2005 (the "Purchase Agreement "). This Deed of Trust, the Note, the Guaranty Agreement of even date herewith, and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments ". To protect the security of this deed of trust: 2. Pavment of Indebtedness: Covenant of Title (a) Trustor shall pay when due the principal of, and the interest on, the indebtedness evidenced by the Note, charges, fees, and all the sums as provided in the Loan Instruments. (b) Trustor hereby covenants with Beneficiary that Trustor is lawfully seised of the property hereby conveyed, that Trustor warrants and {10550262.1)