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<br /> DEED OF TRUST 200902781
<br /> Loan No. 872057439 (Continued) Page 6
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<br /> Event of Default. The words "Event of Default" mean any of the events of default set forth in this Deed of Trust in the events of
<br /> default section of this Deed of Trust.
<br /> Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness described in the Existing Liens provision of this
<br /> Deed of Trust.
<br /> Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or
<br /> physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment
<br /> when improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words
<br /> "Hazardous Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic
<br /> substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also
<br /> includes, without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos.
<br /> Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on
<br /> the Real Property, facilities, additions, replacements and other construction on the Real Property.
<br /> Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the
<br /> Credit Agreement or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and
<br /> substitutions for the Credit Agreement or Related Documents and any amounts expended or advanced by Lender to discharge
<br /> Trustor's obligations or expenses incurred by Trustee or Lender to enforce Trustor's obligations under this Deed of Trust, together
<br /> with interest on such amounts as provided in this Deed of Trust.
<br /> Lender. The word "Lender" means Equitable Bank, its successors and assigns. The words "successors or assigns" mean any person
<br /> or company that acquires any interest in the Credit Agreement.
<br /> Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or
<br /> hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and
<br /> additions to, all replacements of, and all substitutions for, any of such property; and together with all proceeds (including without
<br /> limitation all insurance proceeds and refunds of premiums) from any sale or other disposition of the Property.
<br /> Property. The word "Property" means collectively the Real Property and the Personal Property.
<br /> Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this Deed of Trust.
<br /> Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
<br /> agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other
<br /> instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
<br /> Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived
<br /> from the Property.
<br /> Trustee. The word "Trustee" means Equitable Bank (Grand Island Region), whose address is 113-115 N Locust St; PO Box 160,
<br /> Grand Island, NE 68802-0160 and any substitute or successor trustees.
<br /> Trustor. The word "Trustor" means JEROME J WATSON and JANE L WATSON.
<br /> EACH TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH TRUSTOR AGREES TO
<br /> ITS TERMS.
<br /> TO .
<br /> TAUS
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<br /> JEROM AT
<br /> SON
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<br /> JAN 17L WATSON
<br /> INDIVIDUAL ACKNOWLEDGMENT
<br /> STATE OF
<br /> ) SS
<br /> COUNTY OF
<br /> On this day before me, the undersigned Notary Public, personally appeared JEROME J WATSON and JANE L WATSON, HUSBAND AND
<br /> WIFE, to me known to be the individuals described in and who executed the Deed of Trust, and acknowledged that they signed the Deed of
<br /> Trust as their free and voluntary act and deed, for the uses and purposes therein mentioned.
<br /> Given under my hand and official seal this day of ~TkY 7 20 6c)
<br /> By
<br /> 10M pp(Nry- sIIIIr dNl41181~ Notary Public in and for the Ste of
<br /> .LaWRTLM Residing at
<br /> G ISIL Wad11~401s My commission expires
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