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<br />DEED OF TRUST �-
<br />Loan #805253 OZ
<br />This DEED OF TRUST is made as of the 18th day of July, 2003 by and among the Trustor,
<br />Stalker Development LTD, a Nebraska Limited Partnership, whose mailing address for
<br />purposes of this Deed of Trust is 2710 Apache Rd. (herein, "Trustor ", whether one or
<br />more), the Trustee, Earl D. Ahlschwede, Attorney whose mailing address is 202 W. 3rd St. Grand
<br />Island, NE 68801 (herein "Trustee "), and the Beneficiary, Equitable Federal Savings Bank of
<br />Grand Island, whose mailing address is PO Box 160, Grand Island NE 68802 (herein
<br />"Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified
<br />herein to Stalker Development, LTD, a Nebraska Limited Partnership (herein
<br />"Borrower ", whether one or more), and the trust herein created, the receipt of which is hereby
<br />acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee,
<br />IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and
<br />subject to the terms and conditions hereinafter set forth, legally described as follows:
<br />LOT EIGHT (8) IN BLOCK EIGHTEEN (18)9 IN KERNOHAN AND DECKER'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />which has the address of 1504 W 1" St. (Street) Grand Island (City), Nebraska 68801 (Zip
<br />Code) ( "Property Address ");
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to,
<br />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
<br />additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by a Promissory Note dated 07 -18 -2003, having a maturity date of 07 -18 -2008, in
<br />the original principal amount of Twenty Thousand and No /100 Dollars ($20,000.00), and
<br />any and all modifications, extensions and renewals thereof or thereto and any and all future
<br />advances and readvances to Borrower (or any of them if more than one) hereunder pursuant
<br />to one or more promissory notes or credit arrangements (herein called "Note "); (b) the
<br />payment of other sums advanced by Lender to protect the security of the Note; (c) the
<br />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
<br />Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty,
<br />overdraft or otherwise. The Note, this Deed of Trust and any and all other documents that
<br />secure the Note or otherwise executed in connection therewith, including without limitation
<br />guarantees, security agreements and assignments of leases and rents, shall be referred to
<br />herein as the "Loan Instruments ".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />1) Payment of Indebtedness. All indebtedness secured hereby shall be paid when due.
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