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<br />DEED OF TRUST
<br />
<br />This DEED OF TRUST is made as of the 6th day of November, 2008 by and among the Trustor,) Donald D.
<br />Mehring, Marilyn J. Mehring, husband and wife, Donald D. Mehring Trustee of the John M, Mehring Trust, Kent S.
<br />Robertson and Elizabeth A. Robertson, Trustee of the Kent S. Robertson and Elizabeth A. Robertson Declaration of
<br />Trust dated January 20,2006 and Nancy A. Erwin, Trustee of the Nancy A. Erwin Declaration of Trust dated March 10,
<br />1986, whose mailing address for purposes of this Deed of Trust is 3421 State Street Suite 4 Grand Island, Nebraska
<br />68803 (herein, "Trustor", whether one or more), the Trustee, AREND R. BAACK, Attorney at Law, a member of the
<br />Nebraska State Bar Association, whose mailing address is P,O. Box 790, Grand Island, NE 68802-0790 (herein
<br />"Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,
<br />whosemailingaddressisP.O.BoxI009.Grandlsland.NE 68802-1009 (herein "Lender").
<br />
<br />FOR VALUABLE CONSIDERA nON, including Lender's extension of credit identified herein to Donald D,
<br />Mehring (herein "Borrower", whether one or more), and the trust herein created, the receipt of which is hereby acknowl-
<br />edged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF
<br />SALE, for the benefit and security of the Lender, under and subject to the terms and conditions hereinafter set forth,
<br />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. allbuil~, . .imp.r~ve~nts, f1Xtu.re:~t,.~Jf~~~?~~ys'_l,~~~e.....a~~,..~~~~ents.,rights, priyi~cg~. and
<br />appurtenances located thereon or in anywise pertlunmg thereto, ant! 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 any,
<br />which interests are hereby released and waived, all of which, including replacements and additions thereto, is hereby
<br />declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being referred to
<br />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 />Note dated November 6, 2008, in the original principal amount of Two Hundred Fifty Thousand and 00/100 Dollars
<br />($250,000.00), and any and all modifications, extensions and renewals thereof or thereto and any and all future
<br />advances and re-advances to Borrower (or any of them if more than one) hereunder pursuant to one or more promissory
<br />notes or credit agreements (herein called "Note"); (b) the payment of other sums advanced by Lender to protect the
<br />security of the Note; (c) the performance of all covenants and agreements of Trustor set forth herein; and (d) all present
<br />and future indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct,
<br />indirect, absolute or contingent and whether arising by note, guaranty, overdraft or otherwise, The Note, this Deed of
<br />Trust and any and all other documents that secure the Note or otherwise executed in connection therewith, including
<br />without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to herein as the
<br />"Loan Instruments",
<br />
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />
<br />1. 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 warrants
<br />that the lien created hereby is a first and prior lien on the Property and the execution and delivery of the Deed of Trust
<br />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 against
<br />the Property now or hereafter levied.
<br />
<br />4, Insurance. To keep the Property insured against damage by fire hazards included with the term "extended
<br />coverage" and such other hazards as Lender may require in amounts and with companies acceptable to Lender, naming
<br />Lender as an additional named insured with loss payable to the Lender, In case of loss under such policies, the Lender
<br />is authorized to adjust, collect and compromise all claims thereunder and shall have the option of applying all or part of
<br />the insurance proceeds (i) to any indebtedness secured hereby and in such order as Lender may determine, (ii) to the
<br />
<br />ftaRDERS MEMO:~' 6..' UiJt}l {}Ji..t c1 lJ X1a 'f'It1turt'; ('
<br />~rt':~Jf'5.t- O~W W,jeY"al k'R
<br />.'. . ... g( QligS
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