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<br />DEED OF TRUST
<br />
<br />This DEED OF TRUST is made as of the ] 5th day of May, 2007 by and among the Trustor,) Donald D.
<br />Mehring, Marilyn 1. Mehring, husband and wife, Donald D. Mehring Trustee of the John M. Mehring Trust, Donald
<br />D. Mehring, Trustee of the Christian S. Mehring Trust, Kent S. Robertson and Elizabeth A. Robertson, Trustee of
<br />the Kent S. Robertson and Elizabeth A. Robertson Declaration of Trust dated January 20,2006 and Nancy A. Erwin,
<br />Trustee of the Nancy A. Erwin Declaration of Trust dated March 10, ] 986, whose mailing address for purposes of
<br />this Deed of Trust is 3421 State Street Suite 4 Grand Island, Nebraska 68803 (herein, "Trustor", whether one or
<br />more), the Trustee, AREND R. BAACK, Attorney at Law, a member of the Nebraska State Bar Association, whose
<br />mailing address is P. O. Box 790, Grand Island, NE 68802-0790 (herein "Trustee"), and the Beneficiary, HOME
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing address is P. O. Box
<br />1009, Grand Island, NE 68802-1009 (herein "Lender").
<br />
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<br />
<br />FOR VALUABLE CONSIDERA nON, including Lender's extension of credit identified herein to Donald
<br />D. Mehring, Donald D. Mehring Trustee of the John M. Mehring Trust, Donald D. Mehring, Trustee of the Christian
<br />S. Mehring Trust, Kent S. Robertson and Elizabeth A. Robertson, Trustee of the Kent S. Robertson and Elizabeth A.
<br />Robertson Dec]aration of Trust dated January 20, 2006 and Nancy A. Erwin, Trustee of the Nancy A. Erwin
<br />Declaration of Trust dated March 10, ] 986 (herein "Borrower", whether one or more), and the trust herein created,
<br />the receipt of which is hereby acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to
<br />Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of the Lender, under and subject to the
<br />terms and conditions hereinafter set forth, legally described as follows:
<br />
<br />See Exhibit "A", which is attached to this Deed of Trust and made a part of this Deed of Trust as if
<br />fully set forth herein.
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br />remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture,
<br />including, but not limited to, heating and cooling equipment and together with the homestead or marital interests, if
<br />any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is
<br />hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br />referred to herein as the "Property".
<br />
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Deed of
<br />Trust Note dated May ]5, 2007, having a maturity date of March ]5,2018, in the original principal amount of Two
<br />Hundred Fifty Seven Thousand and 00/100 Dollars ($257,000.00), and any and all modifications, extensions and
<br />renewals thereof or thereto and any and all future advances and re-advances to Borrower (or any of them if more
<br />than one) hereunder pursuant to one or more promissory notes or credit agreements (herein called "Note"); (b) the
<br />payment of other sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants
<br />and agreements of Trustor set forth herein; and (d) all present and future indebtedness and obligations of Borrower
<br />(or any of them if more than one) to Lender whether direct, indirect, absolute or contingent and whether arising by
<br />note, guaranty, overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that secure the
<br />Note or otherwise executed in connection therewith, including without limitation guarantees, security agreements and
<br />assignments of leases and rents, shall be referred to herein as the "Loan Instruments".
<br />
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />
<br />1. Pavment ofIndebtedness. All indebtedness secured hereby shall be paid when due.
<br />
<br />2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property and
<br />warrants that the lien created hereby is a first and prior lien on the Property and the execution and delivery of the
<br />Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
<br />
<br />3. Taxes, Assessments. To pay before delinquent all taxes, special assessments and all other charges
<br />against the Property now or hereafter levied.
<br />
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