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DEED OF TRUST (With Future Advance Clause) [l Construction Security Agreement L] Master form recorded by -- .............. 1. DATE AND PARTIES. The data; of this Deed of Trust (Security Instrument) is October 12, 2007 and the parties and their addresses are: TRUSTOR: TROY J LEITING TERESA A LEITING 1716 RIO GRANDE CIRCLE GRAND ISLAND, NE 68801--7567 [] If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and acknowledgments. TRUSTEE: Arend R. Baack, Attorney P. O. Box 790 Grand Island, NE 68802 BENEFICIARY: Home Federal Savings and Loan Association of Grand Island 221 South Locust Street Grand Island, NE 68801 Organized and Existing Under the Laws of The State of Nebraska a 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: LOT 7, MORNINGSIDE ACRES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA The property is located in Hall at 1716 RIO GRANDE CIRCLE (County) GRAND ISLAND Nebraska 68801 -7567 (Address) (City) (LIP Code) Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property "). 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall - -not exceed S 20;U00. 00 Thisliinftation of amount does not include interest and other fees - ------- - and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument. 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of debt described below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.) A Promissory Note dated 10/12/2007 NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page l,yp�gq77of 4) (D 1994 Wolters Kluwer Financial Services Bankars Sy5t0m5Tm Form RE -DT -NE 12/15/2006 VMP9- C165(NE) 10708) �a F- terr r:.. 0 4,3 (•,�,.. f rl y- I:1 cr..J rr1 Wen -- - - State of Nebraska Space Above This Line For Recording Data DEED OF TRUST (With Future Advance Clause) [l Construction Security Agreement L] Master form recorded by -- .............. 1. DATE AND PARTIES. The data; of this Deed of Trust (Security Instrument) is October 12, 2007 and the parties and their addresses are: TRUSTOR: TROY J LEITING TERESA A LEITING 1716 RIO GRANDE CIRCLE GRAND ISLAND, NE 68801--7567 [] If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and acknowledgments. TRUSTEE: Arend R. Baack, Attorney P. O. Box 790 Grand Island, NE 68802 BENEFICIARY: Home Federal Savings and Loan Association of Grand Island 221 South Locust Street Grand Island, NE 68801 Organized and Existing Under the Laws of The State of Nebraska a 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: LOT 7, MORNINGSIDE ACRES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA The property is located in Hall at 1716 RIO GRANDE CIRCLE (County) GRAND ISLAND Nebraska 68801 -7567 (Address) (City) (LIP Code) Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property "). 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall - -not exceed S 20;U00. 00 Thisliinftation of amount does not include interest and other fees - ------- - and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument. 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of debt described below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.) A Promissory Note dated 10/12/2007 NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page l,yp�gq77of 4) (D 1994 Wolters Kluwer Financial Services Bankars Sy5t0m5Tm Form RE -DT -NE 12/15/2006 VMP9- C165(NE) 10708)