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15. . ry^. C Cn Loan # 809158 CONSTRUCTION SECURITY AGREEMENT DEED OF TRUST Intending to create a construction security interest in accordance with the Nebraska Construction Lien Act, this DEED OF TRUST is made as of the 30th day of 8/ /2005 by and among the Trustor Timoth R. O'Neill and Miki S. O'Neill Husband and Wife, whose mailing address for purpose of this Deed of Trust is 1203 S. Sylvan, Grand Island, NE (herein, "Trustor ", whether one or more), the Trustee, Equitable Federal Savings Bank , whose mailing address is PO Box 160, Grand Island, NE 68802 (herein, "Trustee "), and the Beneficiary, Equitable Federal Savings Bank of Grand Island, whose mailing address is PO Box 160, Grand Island. NE 68802 (herein "Lender "). FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to (herein "Borrower ", whether one or more), and the trust herein created, the receipt of which is hereby acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, legally described as follows: LOT TWO (2) IN O'NEILL SUBDIVISION, A PORTION OF BLOCK THREE (3) PLEASANT HOME SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. AND LOTS ONE (1) AND TWO (2), MIKI SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, 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 ". This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Construction Line of Credit Draw Note dated 8/30/2005, having a maturity date of 6/1/2006, in the original principal amount of Fifty Thousand and No /100 Dollars ($50,000.00) and 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 arrangements (herein called `Note "); (b) the payment of other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure the Note or otherwise executed in connection therewith., including without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to herein as the "Loan Instruments ". TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS: 1) Payment of Indebtedness. All indebtedness secured hereby shall be paid when due. O'Neill DOT.doc 1 of 6 c� C7 rye..✓ f V ' 0:) w ° n `r=n n C> ^i Z cn �. Mn° co rr �4 �i4 V 15. . ry^. C Cn Loan # 809158 CONSTRUCTION SECURITY AGREEMENT DEED OF TRUST Intending to create a construction security interest in accordance with the Nebraska Construction Lien Act, this DEED OF TRUST is made as of the 30th day of 8/ /2005 by and among the Trustor Timoth R. O'Neill and Miki S. O'Neill Husband and Wife, whose mailing address for purpose of this Deed of Trust is 1203 S. Sylvan, Grand Island, NE (herein, "Trustor ", whether one or more), the Trustee, Equitable Federal Savings Bank , whose mailing address is PO Box 160, Grand Island, NE 68802 (herein, "Trustee "), and the Beneficiary, Equitable Federal Savings Bank of Grand Island, whose mailing address is PO Box 160, Grand Island. NE 68802 (herein "Lender "). FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to (herein "Borrower ", whether one or more), and the trust herein created, the receipt of which is hereby acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, legally described as follows: LOT TWO (2) IN O'NEILL SUBDIVISION, A PORTION OF BLOCK THREE (3) PLEASANT HOME SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. AND LOTS ONE (1) AND TWO (2), MIKI SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, 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 ". This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Construction Line of Credit Draw Note dated 8/30/2005, having a maturity date of 6/1/2006, in the original principal amount of Fifty Thousand and No /100 Dollars ($50,000.00) and 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 arrangements (herein called `Note "); (b) the payment of other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure the Note or otherwise executed in connection therewith., including without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to herein as the "Loan Instruments ". TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS: 1) Payment of Indebtedness. All indebtedness secured hereby shall be paid when due. O'Neill DOT.doc 1 of 6 c� C7 rye..✓ f V ' 0:) w C> ^i Loan # 809158 CONSTRUCTION SECURITY AGREEMENT DEED OF TRUST Intending to create a construction security interest in accordance with the Nebraska Construction Lien Act, this DEED OF TRUST is made as of the 30th day of 8/ /2005 by and among the Trustor Timoth R. O'Neill and Miki S. O'Neill Husband and Wife, whose mailing address for purpose of this Deed of Trust is 1203 S. Sylvan, Grand Island, NE (herein, "Trustor ", whether one or more), the Trustee, Equitable Federal Savings Bank , whose mailing address is PO Box 160, Grand Island, NE 68802 (herein, "Trustee "), and the Beneficiary, Equitable Federal Savings Bank of Grand Island, whose mailing address is PO Box 160, Grand Island. NE 68802 (herein "Lender "). FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to (herein "Borrower ", whether one or more), and the trust herein created, the receipt of which is hereby acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, legally described as follows: LOT TWO (2) IN O'NEILL SUBDIVISION, A PORTION OF BLOCK THREE (3) PLEASANT HOME SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. AND LOTS ONE (1) AND TWO (2), MIKI SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, 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 ". This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Construction Line of Credit Draw Note dated 8/30/2005, having a maturity date of 6/1/2006, in the original principal amount of Fifty Thousand and No /100 Dollars ($50,000.00) and 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 arrangements (herein called `Note "); (b) the payment of other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure the Note or otherwise executed in connection therewith., including without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to herein as the "Loan Instruments ". TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS: 1) Payment of Indebtedness. All indebtedness secured hereby shall be paid when due. O'Neill DOT.doc 1 of 6 c� C7 rye..✓ f V ' 0:) w