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<br />DEED OF TRUST WITH FUTURE ADVANCES
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<br />This DEED OF TRUST is made this 8th day of November, 2006, by and among Ken Kohlhof and
<br />Mary Kohlhof, husband and wife, hereinafter referred to as "Trustors," whether one or more, whose mailing
<br />address is PO BOX 43, CAIRO, NEBRASKA 68824; THE STATE BANK OF CAIRO, a Nebraska
<br />Banking Corporation, hereinafter referred to as "Trustee," whose mailing address is Box 428, Cairo,
<br />Nebraska 68824; and THE STATE BANK OF CAIRO, a Nebraska Banking Corporation, hereinafter
<br />referred to as "Beneficiary," whose mailing address is Box 428, Cairo, Nebraska 68824.
<br />For valuable consideration, Trustors irrevocably grant, transfer, convey and assign to Trustee, in trust,
<br />with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of
<br />this Deed of Trust, the following described real property located in HALL County, Nebraska:
<br />
<br />Part of the Northeast Quarter (NE1I4) of Section Four (4), Township Twelve (12) North, Range Eleven (11)
<br />West of the 6th P.M., Hall County, Nebraska, more particularly described as follows: Commencing at the
<br />Northeast corner of the Northeast Quarter (NE1I4) of Section Four (4); thence running westerly along and upon
<br />the North line of Section Four (4) a distance of Nine Hundred Sixty-Five (965) feet to the actual point of
<br />beginning; thence running southerly parallel to the easterly boundary line of said Section Four (4) a distance of
<br />Five Hundred Ninety Four (594) feet; thence running Westerly parallel to the Northerly boundary line of said
<br />Section Four (4), a distance of Three Hundred Ninety-Six (396) feet; thence running northerly parallel to the
<br />easterly boundary line of said Section Four (4) a distance of Five Hundred Ninety-Four (594) feet to the North
<br />line of Section Four (4), Township Twelve (12) North, Range Eleven (11) West of the 6th P.M.; thence running
<br />Easterly along and upon the Northerly line of said Section Four (4) a distance of Three Hundred Ninety Six
<br />(396) feet to the point of beginning.
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon, and all personal property that may be or hereafter become an integral part of
<br />such buildings and improvements, all crops raised thereon, and all water rights, all of which, including
<br />replacements and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it
<br />being agreed that all of the foregoing shall be hereinafter referred to as the "Property."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />a. Payment of indebtedness evidenced by Trustors' note of even date herewith in the principal sum of
<br />$150,000.00, together with interest at the rate or rates provided therein, and any and all renewals, modifications
<br />and extensions of such note, both principal and interest on the note being payable in accordance with the terms
<br />set forth therein, which by this reference is hereby made a part hereof; and any and all future advances and
<br />readvances to Trustors hereunder pursuant to one ore more promissory notes or credit agreements (herein called
<br />"Note");
<br />b. the payment of other sums advanced by Beneficiary to protect the security of the Note;
<br />c. the performance of all covenants and agreements of Trustor set forth herein; and
<br />d. all present and future indebtedness and obligations of Trustors to Beneficiary whether direct, indirect,
<br />absolute or contingent and whether arising by note, guaranty, overdraft or otherwise;
<br />
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTORS HEREBY COVENANT AND AGREE:
<br />
<br />1. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the note, charges, fees and all other sums
<br />as provided in the loan instruments.
<br />2. Trustors are the owners of the property and have the right and authority to execute this Deed of Trust in respect to the property.
<br />3. To pay. when due, all taxes, special assessments and all other charges against the property, before the same become delinquent.
<br />Trustors shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or the
<br />debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the
<br />Beneficiary.
<br />4. To keep the improvements now or hereafter located on the property insured against damage by fire and such other hazards as
<br />the Beneficiary may require, in amounts and companies acceptable to the Beneficiary, Such insurance policy shall contain a standard
<br />mortgage clause in favor of Beneficiary. Trustor shall promptly repair, maintain and replace the property or any part thereof, so that,
<br />except for ordinary wear and tear, the property shall not deteriorate.
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