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v y r+"f C'a rM C/? r-" This Second Deed of Trust (this "Second Deed of Trust'), is made as of September 15, 2005, by and among KELLY STOWELL A /K /A KELLY R STOWELL and RENATA D STOWELL, HUSBAND AND WIFE ( "Trustor "), whose mailing address is 1835 NORTH TAYLOR AVE - GRAND ISLAND. NE 68803 ; U.S. Bank Trust Company, National Association ( "Trustee "), whose mailing address is 111 S W Fifth Avenue — Portland OR 97204 ; and Nebraska Investment Finance Authority (`Beneficiary"), whose mailing address is 200 Commerce Court 1230 O Street Lincoln Nebraska 68508 -1402. 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 Second Deed of Trust, the real property, legally described as follows (the "Property "): Lot Two (2) and the Northerly Thirteen (13) feet of Lot Four (4), in Block Fourteen (14), in Scarffs Addition to West Lawn, as surveyed, platted and recorded in the City of Grand Island, Hall County, Nebraska. [Legal Description] TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the Property (collectively, the "rents "), all leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and all right, title and interest of Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in the Property owned or hereafter acquired, all interests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the Property, all easements, rights -of -way, tenements, hereditamcnts and appurtenances thereof and thereto, all water rights, all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land, lying within the right -of -way of any street or highway adjoining the Property, and any and all alleys and strips and gores of land adjacent to or used in connection with the Property, and any and all buildings, fixtures and improvements now or hereafter erected thereon (the "Improvements "), and all the estate, interest, right, title or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any and all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or any part of the Trust Estate, including without limitation any awards resulting from a change of grade of streets and awards for severance damages. 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. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of sixteen percent (16 %) per annum. The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness." This Second Deed of Trust, any promissory note of Trustor in favor of Beneficiary 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 ". Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate, (ii) the Trust Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenants of record and the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the "First Deed of Trust'), and (iii) Trustor will defend the Trust Estate against the lawful claims of any person. To Protect the Security of this Second Deed of Trust: 1. Payment of Indebtedness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness and all other sums as provided in the Loan Instruments. 2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand. 3. Insurance and Repairs. Trustor shall maintain fire and extended coverage insurance insuring the Improvements constituting part of the Trust Estate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as the Property is secured by a first decd of trust or mortgage, compliance with the insurance requirements of the first deed of trust or mortgage shall be sufficient to satisfy the requirements of this paragraph 3 relating to insurance. M N m Dig n co rT1 > Cn CJ"i W � CD co ff? fU co Cr2 N Z NEBRASKA 200509132 SECOND DEED OF TRUST �^ (HBA) v y r+"f C'a rM C/? r-" This Second Deed of Trust (this "Second Deed of Trust'), is made as of September 15, 2005, by and among KELLY STOWELL A /K /A KELLY R STOWELL and RENATA D STOWELL, HUSBAND AND WIFE ( "Trustor "), whose mailing address is 1835 NORTH TAYLOR AVE - GRAND ISLAND. NE 68803 ; U.S. Bank Trust Company, National Association ( "Trustee "), whose mailing address is 111 S W Fifth Avenue — Portland OR 97204 ; and Nebraska Investment Finance Authority (`Beneficiary"), whose mailing address is 200 Commerce Court 1230 O Street Lincoln Nebraska 68508 -1402. 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 Second Deed of Trust, the real property, legally described as follows (the "Property "): Lot Two (2) and the Northerly Thirteen (13) feet of Lot Four (4), in Block Fourteen (14), in Scarffs Addition to West Lawn, as surveyed, platted and recorded in the City of Grand Island, Hall County, Nebraska. [Legal Description] TOGETHER WITH, all rents, profits, royalties, income and other benefits derived from the Property (collectively, the "rents "), all leases or subleases covering the Property or any portion thereof now or hereafter existing or entered into, and all right, title and interest of Trustor thereunder, all right, title and interest of Trustor in and to any greater estate in the Property owned or hereafter acquired, all interests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the Property, all easements, rights -of -way, tenements, hereditamcnts and appurtenances thereof and thereto, all water rights, all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land, lying within the right -of -way of any street or highway adjoining the Property, and any and all alleys and strips and gores of land adjacent to or used in connection with the Property, and any and all buildings, fixtures and improvements now or hereafter erected thereon (the "Improvements "), and all the estate, interest, right, title or any claim or demand which Trustor now has or may hereafter acquire in the Property, and any and all awards made for the taking by eminent domain, or by any proceeding or purchase in lieu thereof, of the whole or any part of the Trust Estate, including without limitation any awards resulting from a change of grade of streets and awards for severance damages. 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. Payment of indebtedness evidenced by any promissory note of Trustor in favor of Beneficiary; and B. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of sixteen percent (16 %) per annum. The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness." This Second Deed of Trust, any promissory note of Trustor in favor of Beneficiary 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 ". Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate, (ii) the Trust Estate is free and clear of all liens and encumbrances except for easements, restrictions and covenants of record and the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the "First Deed of Trust'), and (iii) Trustor will defend the Trust Estate against the lawful claims of any person. To Protect the Security of this Second Deed of Trust: 1. Payment of Indebtedness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness and all other sums as provided in the Loan Instruments. 2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand. 3. Insurance and Repairs. Trustor shall maintain fire and extended coverage insurance insuring the Improvements constituting part of the Trust Estate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as the Property is secured by a first decd of trust or mortgage, compliance with the insurance requirements of the first deed of trust or mortgage shall be sufficient to satisfy the requirements of this paragraph 3 relating to insurance.