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DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $1,000,000.00.
<br />THIS DEED OF TRUST is dated August 20, 2003, among GARY R JACOBSON; A SINGLE PERSON
<br />( "Trustor "); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island, NE
<br />68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points Bank,
<br />whose address is P.0 Box 1507, Grand Island, NE 68802 -1507 (referred to below 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 fallowing described real properly, together with ail existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stack in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real properly, includin
<br />without limitation all minerals, ail, gas, geothermal and similar matters, (the Real Property') located in.HALL County, Slate of
<br />Nebraska:
<br />LOT EIGHTEEN (18), HAVING A LAKE FRONT FOOTAGE 78 FEET SITUATED ON THE WEST SIDE OF
<br />THE WEST PORTION OF KUESTER'S LAKE, AND BEING ON A PART OF THE EAST HALF OF THE
<br />SOUTHWEST QUARTER (Ei /2SW1 /4) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE NINE (9), WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 14 KUESTER LAKE, GRAND ISLAND, NE
<br />68801 -8609.
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Dead of Trust secures all obligations, debts and liabilities, plus interest thereon, of
<br />Borrower to Lander, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether new
<br />existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due,
<br />direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquideted whether Borrower or Truster may be liable
<br />Individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such
<br />amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or
<br />hereafter may became otherwise unenforceable. If the Lender Is required to give notice of the right to cancel under Truth in Lending in
<br />connection with any additional loans, extensions of credit and other liabilities or obligations of Truster to Lender, then this Dead of Trust shall not
<br />secure additional loans or obligations unless and until such notice is given.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future
<br />amounts Lender in its discretion may loan to Borrower, together with all interest thereon; however, In no event shall such future advances
<br />(excluding interest) exceed in the aggregate $1,000,000.00.
<br />Truster presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trustor's right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial Code security
<br />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, INCLUDING THE ASSIGNMENT
<br />OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS ALSO GIVEN TO SECURE ANY AND ALL OF
<br />BORROWER'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN BORROWER AND LENDER OF
<br />EVEN DATE HEREWITH. ANY EVENT OF DEFAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED
<br />DOCUMENTS REFERRED TO THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF TRUST
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<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $1,000,000.00.
<br />THIS DEED OF TRUST is dated August 20, 2003, among GARY R JACOBSON; A SINGLE PERSON
<br />( "Trustor "); Five Points Bank, whose address is North Branch, 2015 North Broadwell, Grand Island, NE
<br />68803 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and Five Points Bank,
<br />whose address is P.0 Box 1507, Grand Island, NE 68802 -1507 (referred to below 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 fallowing described real properly, together with ail existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stack in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real properly, includin
<br />without limitation all minerals, ail, gas, geothermal and similar matters, (the Real Property') located in.HALL County, Slate of
<br />Nebraska:
<br />LOT EIGHTEEN (18), HAVING A LAKE FRONT FOOTAGE 78 FEET SITUATED ON THE WEST SIDE OF
<br />THE WEST PORTION OF KUESTER'S LAKE, AND BEING ON A PART OF THE EAST HALF OF THE
<br />SOUTHWEST QUARTER (Ei /2SW1 /4) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE NINE (9), WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 14 KUESTER LAKE, GRAND ISLAND, NE
<br />68801 -8609.
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Dead of Trust secures all obligations, debts and liabilities, plus interest thereon, of
<br />Borrower to Lander, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether new
<br />existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due,
<br />direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquideted whether Borrower or Truster may be liable
<br />Individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such
<br />amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or
<br />hereafter may became otherwise unenforceable. If the Lender Is required to give notice of the right to cancel under Truth in Lending in
<br />connection with any additional loans, extensions of credit and other liabilities or obligations of Truster to Lender, then this Dead of Trust shall not
<br />secure additional loans or obligations unless and until such notice is given.
<br />FUTURE ADVANCES. Specifically, without limitation, this Deed of Trust secures, in addition to the amounts specified in the Note, all future
<br />amounts Lender in its discretion may loan to Borrower, together with all interest thereon; however, In no event shall such future advances
<br />(excluding interest) exceed in the aggregate $1,000,000.00.
<br />Truster presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trustor's right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial Code security
<br />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, INCLUDING THE ASSIGNMENT
<br />OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS ALSO GIVEN TO SECURE ANY AND ALL OF
<br />BORROWER'S OBLIGATIONS UNDER THAT CERTAIN CONSTRUCTION LOAN AGREEMENT BETWEEN BORROWER AND LENDER OF
<br />EVEN DATE HEREWITH. ANY EVENT OF DEFAULT UNDER THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE RELATED
<br />DOCUMENTS REFERRED TO THEREIN, SHALL ALSO BE AN EVENT OF DEFAULT UNDER THIS DEED OF TRUST. THIS DEED OF TRUST
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