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grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of HALL , State of Nebraska: LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF which has the address of 4313 MICHIGAN AVENUE [Streetl GRAND ISLAND [city], Nebraska 68803 [ZIP Code] (herein "Property Address "); TOGETHERwith all the improvements now or hereafter erected on the property, and all easements, rights, appurtenancesand rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the "Property; TO SECUREto Lender the repayment of the indebtednessevidencedby Borrower's note dated July 6, 2005 and extensions and renewals thereof (herein "Note "), in the principal sum of U.S. $ 26,900.00 , with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on August 1 , 2035 ; the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained. Borrower covenants that Borrower is lawfully seised of the estatehereby conveyed and has the right to grant and convey the Property, and that the Property is unencumbered, except for encumbrancesof record. Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of record. UNIFORMCOVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest indebtedness evidenced by the Note and late charges as provided in the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender. If Borrower pays Fiends to Lender, the Funds shall be held in an institution the deposits or accounts of which are insured or guaranteedby a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreementis made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an initials �gf ' - 76(NE) (0204) Page 2 of 7 Form 3828 dD TDNE2ND2 (04/02/04) PC Loan No. 6513174 -7879 3111