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<br />DEED OF TRUST
<br />THIS IS A CONSTRUCTION DEED OF TRUST
<br />THIS DEED OF TRUST ("Security Instrument") is made on February 12, 2010. The grantor is Jeremy Jelinek,
<br />husband, and Ginger Jelinek, wife, whose address is 21 Koester Lake, Crand Island, Nebraska 68801
<br />("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the Note. The obligations of
<br />Borrowers who did not sign the Note are explained further in the section titled Successors and Assigns Bound;
<br />Joint and Several Liability; Accommodation Signers. The trustee is Pathway Bank whose address is PO Box
<br />428, Cairo, Nebraska 68824 ("Trustee"). The beneficiary is Pathway Bank, which is organized and existing under
<br />the laws of the State of Nebraska and whose address is 306 S High St, P O Box 428, Caira, Nebraska 68824
<br />("Lender"). Jeremy Jelinek and Ginger Jelinek owe Lender a principal sum of money evidenced by a note,
<br />consumer loan agreement, or similar writing dated the same date as this Security Instrument (the "Nate"), which
<br />provides for monthly payments ("Periodic Payments"), with the full debt, if not paid. earlier, due and payable on
<br />July 1, 2010. The note, consumer loan agreement, or similar writing, and any future debt or obligation of
<br />Borrower to Lender as set forth in the Section titled Secured Indebtedness; Payment of Principal and Interest;
<br />Late Charges and Other Loan Charges below (the "Secured Indebtedness"), is secured by this Security
<br />Instrument in an amount not to exceed a MAXIMUM PRLNCIFAL AMOUNT of Two Hundred Thirty-five
<br />Thousand and 00/100 Dollars (U.S. $235,000.00). This Maximum Principal Amount does not include interest or
<br />other fees and charges made pursuant to this Security Instrument, nor does it include advances made under the
<br />terms of the Security Instrument to protect Lender's security or to perform any of the covenants contained herein.
<br />This Security Instrument secures to Lender the repayment of the Secured Indebtedness, and the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Secured Indebtedness. This Security
<br />Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, including future
<br />advances, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with
<br />interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of Lender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Note. Por this purpose, Borrower, in consideration of the debt and the trust
<br />herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the Hall County of Hall County Register of Deeds, State of Nebraska:
<br />Address: 1505 Birdie Blvd, Cairo, Nebraska 68824
<br />Legal Description: Lot Two (2), Centura Hills East Second Subdivision, in the Village of Cairo, Hall
<br />County, Nebraska
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />Secured Indebtedness; Payment of Principal and Interest; Late Charges and Other Loan Charges. This
<br />Security Instrument secures to Lender the repayment of Borrower's Note, Consumer Loan Agreement, Guaranty,
<br />or similar writing executed by Borrower to Lender, more particularly described as:
<br />• Loan number 10691 with a principal amount of $235,000.00
<br />and all renewals, extensions, modifications and substitutions thereof. This Security Instrument also secures: all
<br />future advances of funds from Lender to Harrower as evidenced by any promissory note, consumer loan
<br />agreement, or similar writing that may hereafter be executed by Borrower to Lender; all future obligations of
<br />Harrower to Lender; all future obligations of Borrower to Lender that may be evidenced by any contract, guaranty,
<br />or other evidence of debt hereafter executed by Borrower, and if mare than one Borrower/Mortgagor has executed
<br />this Security Instrument, any one of them, in favor of Lender; and all additional funds that may be advanced by
<br />Q 2000.-2009 Compliance Systems, Inc. 1 BD2-P370 - 2009.07.355
<br />Consumer Real Estate -Security lnstrumant AL2036 Paga I of b www~comoliancesvstems.com
<br />Initials ~" J~ ~ `
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