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<br />WHEN RECORDED MAIL TO:
<br />Cornerstone Bank N.A. 200311271
<br />Central City Facility
<br />1631 16th Street
<br />Central City, NE 68826 FOR RECORDER'S USE ONLY
<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is dated August 5, 2003, among David J. Janovec and Laurie A. Janovec; Husband and
<br />Wife ("Trustor"); Cornerstone Bank N.A., whose address is Central City Facility, 1631 16th Street, Central
<br />City, NE 68826 (referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and
<br />CORNERSTONE BANK N.A., whose address is 529 LINCOLN AVENUE, YORK, NE 68467 (referred to below
<br />as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in Hall
<br />County, State of Nebraska:
<br />A tract of land comprising of the North Forty -eight (48) feet of Lot Six (6) and part of the North Forty -eight
<br />(48) feet of Lots Seven (7) and Eight (8), all in Block Eight (8) of Wiebe's Addition to the City of Grand
<br />Island, Hall County, Nebraska, more particularly described as follows: Beginning at the northwesterly
<br />center of Lot Six (6); thence running southeasterly along the southwesterly line of said Lot Six (6) a
<br />distance of forty -eight (48) feet; thence running northeasterly parallel to the northwesterly line of said Lots
<br />6,7 and 8 a distance of one hundred twenty seven and sixty -seven hundredths (127.67) feet to a point
<br />that is ten (10) feet westerly (measured perpendicularly) from the back of curb of paving on Locust Street;
<br />thence running northerly parallel to said curb a distance of fifty -five and fifty -five hundreadths (55.55) feet
<br />to a point on the northwesterly line of said Lot 8; thence running southwesterly along the northwesterly
<br />line of said Lots 8,7 and 6 a distance of one hundred fifty -three and eighty -four hundreadths (153.84) feet
<br />to the point of beginning.
<br />AND
<br />The Northerly Fifty -four (54) feet of Lot Five (5) in Block Eight (8) of Wiebe's Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />AND
<br />The Southerly Seventy -eight (78) feet of Lots Five (5), Six (6), Seven (7) and Eight (8), in Block Eight (8) of
<br />Wiebe's Addition to the City of Grand Island, Hall County, Nebraska, excepting a certain tract to the City of
<br />Grand Island as shown in Return of Appraisers recorded in Book 22, Page 9.
<br />The Real Property or its address is commonly known as 644 South Locust, Grand Island, NE 68801. The
<br />Real Property tax identification number is 400139065; 400139081; 400139103
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Deed of Trust secures all obligations, debts and liabilities, plus interest
<br />thereon, of Trustor to Lender, or any one or more of them, as well as all claims by Lender against Trustor or any one or more of them,
<br />whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise,
<br />whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Trustor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether
<br />recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all
<br />future amounts Lender in its discretion may loan to Trustor, together with all interest thereon.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership
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