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<br />NEBRASKA
<br />SECOND DEED OF TRUST
<br />(HBA)
<br />
<br />of Trust"), is made as of
<br />by and among
<br />W A T SON ASH U S BAN 0 AND W IFF
<br />("Borrower", hereinafter referred to as "Trustor"),
<br />whosemailingaddressis4235CALVINDRIV[.GRANDISLAND.N E 6 8 8 0 1 .
<br />U.S. Bank Trust Company, National Association, ("Trustee"), whose mailing address is 111 SW.
<br />Fifth Avenue, Portland, Oregon 97204, and Nebraska Investment Finance Authority
<br />("Beneficiary"), whose mailing address is 200 Commerce Court, 12300 Street, Lincoln, Nebraska
<br />68508-1402.
<br />
<br />This Second Deed of Trust (this "Second Deed
<br />F E B R U A R Y 16. 2 0 0 7
<br />K E V I N A W A T SON AND J F N N I FER N
<br />
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns
<br />to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under
<br />and subject to the terms and conditions of this Second Deed of Trust, the real property, legally
<br />described as follows (the "Property"):
<br />LOT F I V E (5) I N B L 0 C K TWO (2), I N L A KED A V I SAC RES SUB D I V I S ION .
<br />HALL COUNTY. NEBRASKA,
<br />
<br />TOGETHER WITH, all rents, profits, royalties. income and other benefits derived from the
<br />Property (collectively, the "rents"), all leases or subleases covering the Property or any portion
<br />thereof now or hereafter existing or entered into, and all right, title and interest of Trustor
<br />thereunder, all right, title and interest of Trustor in and to any greater estate in the Property
<br />owned or hereafter acquired, all interests, estate or other claims, both in law and in equity, which
<br />Trustor now has or may hereafter acquire in the Property, all easements, rights-of-way,
<br />tenements. hereditaments and appurtenances thereof and thereto, all water rights, all right, title
<br />and interest of Trustor, now owned or hereafter acquired, in and to any land, lying within the
<br />right-of-way of any street or highway adjoining the Property, and any and all alleys and strips and
<br />gores of land adjacent to or used in connection with the Property, and any and all buildings,
<br />fixtures and improvements now or hereafter erected thereon (the "Improvements"), and all the
<br />estate, interest, right, title or any claim or demand which Trustor now has or may hereafter
<br />acquire in the Property, and any and all awards made for the taking by eminent domain, or by any
<br />proceeding or purchase in lieu thereof, of the whole or any part of the Trust Estate, including
<br />without limitation any awards resulting from a change of grade of streets and awards for
<br />severance damages.
<br />
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate",
<br />
<br />For the Purpose of Securing:
<br />
<br />A. Payment of indebtedness evidenced by any promissory note of Trustor in favor of
<br />Beneficiary; and
<br />
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