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<br />
<br />This DEED ().FTRllST is made as of the I ih day of July, 2007 by and among the Trustor, Anthony J. Seitz
<br />and Kathleen Seitz, husband and wife, whose mailing address for purposes of this Deed of Trust is 330 South
<br />Gunbarrel Road Grand Island, Nebraska 6880] (herein, "Trustor", whether one or more), the Trustee, AREND R.
<br />BAACK, Attorney at Law, a member of the Nebraska State Bar Association, whose mailing address is P. O.
<br />Box 790, Grand ]sland, NE 68802-0790 (herein "Trustee"), and the Beneficiary, HOME FEDERAL SA V]NGS
<br />AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing address is P. O. Box 1009, Grand Island, NE
<br />68802-1009 (herein "Lender").
<br />
<br />DEED OF TRUST
<br />
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identitied herein to
<br />Sundance Feed & Seed Company and Anthony J. Seitz and Kathleen Seitz (herein "Borrower", whether one or
<br />more), and the trust herein created, the receipt of which is hereby acknowledged, Trustor hereby irrevocable grants,
<br />transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benetit and security of the
<br />Lender, under and subject to the terms and conditions hereinafter set forth, legally described as follows:
<br />
<br />LOT TWO (2), HIDDEN LAKES SUBDIVISION NUMBER ONE (I) HALL COUNTY,
<br />NEBRASKA
<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 pro tits, 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 arc hereby released and waived, all of which, including replacements and additions thereto, i~
<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 Universal
<br />Notes dated June 5, 2007, having a maturity date of May 28,2008, which can be annually renewed; a Universal Note
<br />dated November ]6,2005, having a maturity date of November ]6,2012; a Universal Note dated October 25,2006,
<br />having a maturity date of February 25, 2012 and a Deed of Trust Note dated December 19, 2002, having a maturity
<br />date of August], 20] 8. This Deed of Trust shall be in the principal amount of Two Hundred Fifty Thousand and
<br />0011 00 Dollars ($250,000.00), and any and all modifications, extensions and renewals thereof or thereto and any and
<br />all future advances and re-advances to Borrower (or any of them if more than one) hereunder pursuant to one or
<br />more promissory notes or credit agreements (herein called "Note"); (b) the payment of other sums advanced by
<br />Lender to protect the security of the Note; (c) the performance of all covenants and agreements of Trustor set forth
<br />herein; and (d) all present and future indebtedness and obligations of Borrower (or any of them if more than one) to
<br />Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise.
<br />The Note, this Deed of Trust and any and all other documents that secure the Note or otherwise executed in connec-
<br />tion therewith, including without limitation guarantees, security agreements and assignments of leases and rents, shall
<br />be referred to herein as the "Loan Instruments".
<br />
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />
<br />i. Payment of Indebtedness. 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 docs 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 Propel1y now or hereafter levied.
<br />
<br />4. Insurance. To keep the Property insured against damage by tire hazards included with the term
<br />"extended coverage" and such other hazards as Lender may require in amounts and with companies acceptable to
<br />Lender, naming Lender as an additional named insured with loss payable to the Lender. In case of loss under such
<br />
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