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<br />DEED OF TRUST
<br />Return to: Cathleen H. Allen
<br />P.O. Box 790
<br />Grand Island, NE 68802-0790
<br />Deed of Trust
<br />THIS DEED OF TRUST is made this 24 day of October, 201 l, by and among
<br />TOURNEY BROTHERS METAL FABRICATION, LLC., a Nebraska limited liability company,
<br />herein referred to as "Trustor", whose mailing address is 117 D Street, P.O. Box 159, Shelton,
<br />NE 68876; CATHLEEN H. ALLEN, Attorney-at-Law, hereinafter referred to as "Trustee",
<br />whose mailing address is P. O. Box 790, Grand Island, Nebraska 68802; and JACK D.
<br />CALLAHAN, GREGORY A. CALLAHAN, LAWRENCE P. CALLAHAN, TERRY GENE
<br />CALLAHAN and CHRISTOPHER W. CALLAHAN, hereinafter referred to as "Beneficiary",
<br />whose mailing address is 405 H Street, Shelton, NE 68876.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject
<br />to the terms and conditions of this Deed of Trust, the Trustor's interest in the following-described
<br />property located in Hall County, Nebraska, to-wit:
<br />Lots Seven (7), Eight (8), Nine (9), Ten (10), Eleven (11), Twelve (12), Thirteen
<br />(13) and Fourteen (14), Block Four (4), MacColl and Leflangs' Addition to Wood
<br />River, Hall County, Nebraska,
<br />together with all improvements, fixtures and appurtenances located thereon or in any way
<br />pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, including
<br />all such personal property that is attached to the improvements so as to constitute a fixture, all of
<br />which, including replacements and additions thereto, are hereby declared to be a part of the real
<br />estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as the "Properiy".
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of
<br />even date herewith in the principal sum of SEVENTY-FIVE THOUSAND
<br />AND NO/100 DOLLARS ($75,000.00), together with interest at the rate
<br />provided therein, or the principal and interest on any future advance not to
<br />exceed the total principal sum initially secured hereby as evidenced by
<br />promissory notes stating they are secured hereby, and any and all renewals,
<br />modifications and extensions of such notes, both principal and interest on
<br />the notes being payable in accordance with the terms set forth therein,
<br />which by this reference is hereby made a part hereof;
<br />(b) the performance of each agreement and covenant of Trustor
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<br />herein contained; and
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