Document:

EXHIBIT 4.17

GMAC
Commercial
Credit LLC

February 7, 2001

Morgan Drive Away, Inc.
TDI, Inc.
2746 Old U.S. 20 West
Elkhart, IN  46515

Ladies/Gentlemen:

     Reference is made to the Revolving Credit and Security Agreement between us
bearing an effective date of July 27, 2001 (the  "Agreement").  All  capitalized
terms not  otherwise  defined  herein shall have such meaning as are ascribed to
them under the Agreement.

     This letter shall serve to confirm that the Agreement  shall be temporarily
amended by  suspending,  until April 30,  2002,  the  requirements  set forth in
Section  12(s),  requiring  Borrower  to at all  time  maintain  Minimum  Excess
Borrowing   Availability  of  not  less  than  Five  Hundred   Thousand  Dollars
($500,000.00).  Effective  April 30, 2002, the provisions of Section 12(s) shall
be reinstated and enforced.  This of course should not in any way be regarded as
a waiver or suspension of any other provision of the Agreement  either temporary
or otherwise as it is our  expectation  that you will remain in compliance  with
all of the terms and provisions of the Agreement.

     This  letter  shall  also  serve to  confirm  that we will  extend to you a
temporary  discretionary  over-advance  facility of up to Five Hundred  Thousand
Dollars  ($500,000.00)  in excess of the Formula  Amount  until March 30,  2002.
Effective March 30, 2002, this  over-advance  facility shall terminate and it is
our expectation that all of your Loans shall be within the Formula Amount.

     Except as hereby  modified or amended all of the terms and provision of the
Agreement  shall continue to remain in full force and effect in accordance  with
their original terms.

     If the  foregoing  correctly  sets  forth the  agreement  between us please
execute a copy of this letter in the space provided below and return an executed
copy to our offices.

                                        Yours very truly,
                                        GMAC COMMERCIAL CREDIT LLC

                                        By: /s/ Frank Imperato
                                           -------------------------------------
                                           Name:   Frank Imperato
                                           Title:  SVP

READ AND AGREED TO:
MORGAN DRIVE AWAY, INC.

By: /s/ Gary J. Klusman
   --------------------------------
   Name:   Gary J. Klusman
   Title:  Exec VP Finance & Admin

TDI, Inc.

By:  /s/ Gary J. Klusman
   ---------------------------------
   Name:   Gary J. Klusman
   Title:  Exec VP Finance & AdminExhibit 10.13
                                                                   -------------

                              EMPLOYMENT AGREEMENT

     This  Agreement,  made and dated as of February  11,  2002,  by and between
Logansport  Savings Bank, FSB, a federal savings bank  ("Employer"),  and Dottye
Robeson, a resident of Carroll County, Indiana ("Employee").

                               W I T N E S S E T H

     WHEREAS,  Employee is employed by Employer as its Chief  Financial  Officer
and has made valuable  contributions to the profitability and financial strength
of Employer;

     WHEREAS,  Employer  desires  to  encourage  Employee  to  continue  to make
valuable  contributions  to Employer's  business  operations  and not to seek or
accept employment elsewhere;

     WHEREAS,  Employee  desires to be assured of a secure minimum  compensation
from Employer for her services over a defined term;

     WHEREAS,  Employer desires to assure the continued  services of Employee on
behalf of Employer on an objective and impartial  basis and without  distraction
or  conflict  of  interest  in the event of an  attempt  by any person to obtain
control of Employer or Logansport  Financial Corp. (the "Holding Company"),  the
Indiana  corporation which owns all of the issued and outstanding  capital stock
of Employer;

     WHEREAS,  Employer  recognizes that when faced with a proposal for a change
of control of Employer or the Holding Company,  Employee will have a significant
role in helping the Boards of  Directors  assess the options  and  advising  the
Boards of  Directors on what is in the best  interests of Employer,  the Holding
Company,  and its  shareholders,  and it is necessary for Employee to be able to
provide this advice and counsel without being influenced by the uncertainties of
her own situation;

     WHEREAS,  Employer  desires  to provide  fair and  reasonable  benefits  to
Employee on the terms and subject to the conditions set forth in this Agreement;

     WHEREAS,   Employer  desires  reasonable  protection  of  its  confidential
business  and  customer  information  which it has  developed  over the years at
substantial  expense and assurance  that Employee will not compete with Employer
for a  reasonable  period  of time  after  termination  of her  employment  with
Employer, except as otherwise provided herein.

     NOW,  THEREFORE,  in consideration of these premises,  the mutual covenants
and undertakings  herein  contained and the continued  employment of Employee by
Employer as its Chief Financial Officer,  Employer and Employee,  each intending
to be legally bound, covenant and agree as follows:

<PAGE>

     1.  Upon  the  terms  and  subject  to the  conditions  set  forth  in this
Agreement,  Employer employs Employee as Employer's Chief Financial Officer, and
Employee accepts such employment.

     2. Employee agrees to serve as Employer's  Chief  Financial  Officer and to
perform  such  duties in that  office as may  reasonably  be  assigned to her by
Employer's  Board of  Directors;  provided,  however,  that such duties shall be
performed in or from the offices of Employer  currently  located at  Logansport,
Indiana,  and shall be of the same  character as those  previously  performed by
Employee and  generally  associated  with the office held by Employee.  Employee
shall not be required to be absent from the location of the principal  executive
offices  of  Employer  on travel  status or  otherwise  more than 45 days in any
calendar  year.  Employer  shall not,  without the written  consent of Employee,
relocate or transfer  Employee to a location more than 30 miles from  Employer's
primary  office.  Employee shall render  services to Employer as Chief Financial
Officer in substantially the same manner and to substantially the same extent as
Employee  rendered  her  services  to  Employer  before the date  hereof.  While
employed by Employer,  Employee shall devote substantially all her business time
and efforts to Employer's  business during regular  business hours and shall not
engage in any other related business.

     3.  The  term of  this  Agreement  shall  begin  on the  date  hereof  (the
"Effective  Date") and shall end on the date which is three years following such
date; provided,  however, that such term shall be extended  automatically for an
additional year on each anniversary of the Effective Date if Employer's Board of
Directors  determines by resolution that the performance of the Employee has met
the  Board's  requirements  and  standards  and that  this  Agreement  should be
extended prior to such  anniversary of the Effective  Date,  unless either party
hereto gives  written  notice to the other party not to so extend  within ninety
(90)  days  prior  to such  anniversary,  in  which  case no  further  automatic
extension  shall  occur  and the  term of this  Agreement  shall  end two  years
subsequent  to the  anniversary  as of which the  notice  not to  extend  for an
additional  year is given (such term,  including  any  extension  thereof  shall
herein be referred to as the "Term").

     4.  Employee   shall   receive  an  annual  salary  of  $_________   ("Base
Compensation") payable at regular intervals in accordance with Employer's normal
payroll  practices  now or  hereafter  in effect,  part of which may be deferred
pursuant to the  agreement of Employer and  Employee.  Employer may consider and
declare from time to time  increases in the salary it pays  Employee and thereby
increases in her Base Compensation.  Prior to a Change of Control,  Employer may
also declare  decreases in the salary it pays Employee if the operating  results
of Employer  are  significantly  less  favorable  than those for the fiscal year
ending December 31, 1999, and Employer makes similar  decreases in the salary it
pays to  other  executive  officers  of  Employer.  After a Change  in  Control,
Employer shall consider and declare  salary  increases  based upon the following
standards:

     Inflation;

     Adjustments to the salaries of other senior management personnel; and

     Past performance of Employee and the  contribution  which Employee makes to
     the business and profits of Employer during the Term.

<PAGE>

Any and all increases or decreases in Employee's salary pursuant to this section
shall cause the level of Base  Compensation  to be increased or decreased by the
amount of each such  increase or decrease  for purposes of this  Agreement.  The
increased or decreased  level of Base  Compensation  as provided in this section
shall  become the level of Base  Compensation  for the  remainder of the Term of
this  Agreement  until  there  is  a  further   increase  or  decrease  in  Base
Compensation as provided herein.

     5. So long as Employee is employed by Employer  pursuant to this Agreement,
she shall be  included  as a  participant  in all  present  and future  employee
benefit,  retirement, and compensation plans generally available to employees of
Employer,  consistent  with  her Base  Compensation  and her  position  as Chief
Financial Officer of Employer, including, without limitation,  Employer's or the
Holding  Company's  pension plan,  Stock Option Plan,  Recognition and Retention
Plan and Trust, and hospitalization,  disability and group life insurance plans,
each of which  Employer  agrees to continue in effect on terms no less favorable
than  those  currently  in effect as of the date  hereof (as  permitted  by law)
during  the Term of this  Agreement  unless  prior to a Change  of  Control  the
operating  results of Employer are  significantly  less favorable than those for
the fiscal year ending  December 31, 1999,  and unless (either before or after a
Change of Control)  changes in the  accounting,  legal, or tax treatment of such
plans would adversely affect Employer's operating results or financial condition
in a material way, and the Board of Directors of Employer or the Holding Company
concludes that modifications to such plans need to be made to avoid such adverse
effects.

     6. So long as Employee is employed by Employer  pursuant to this Agreement,
Employee shall receive  reimbursement from Employer for all reasonable  business
expenses  incurred in the course of her employment by Employer,  upon submission
to Employer of written vouchers and statements for reimbursement. Employee shall
attend,  upon  the  prior  approval  of  Employer's  Board of  Directors,  those
professional  meetings,  conventions,  and/or  similar  functions that she deems
appropriate and useful for purposes of keeping  abreast of current  developments
in the industry and/or promoting the interests of Employer.  So long as Employee
is employed by Employer pursuant to the terms of this Agreement,  Employer shall
continue in effect  vacation  policies  applicable to Employee no less favorable
from her point of view than those  written  vacation  policies  in effect on the
date  hereof.  So long as Employee  is  employed  by  Employer  pursuant to this
Agreement,  Employee shall be entitled to office space and working conditions no
less favorable than were in effect for her on the date hereof.

     7.  Subject  to the  respective  continuing  obligations  of  the  parties,
including but not limited to those set forth in subsections 9(A), 9(B), 9(C) and
9(D) hereof,  Employee's  employment by Employer may be terminated  prior to the
expiration of the Term of this Agreement as follows:

     (A)  Employer,  by action of its Board of Directors and upon written notice
          to  Employee,   may  terminate  Employee's  employment  with  Employer
          immediately for cause. For purposes of this subsection  7(A),  "cause"
          shall be defined as (i) personal dishonesty, (ii) incompetence,  (iii)
          willful  misconduct,  (iv) breach of fiduciary duty involving personal
          profit, (v) intentional failure to perform stated duties, (vi) willful
          violation  of  any  law,  rule,  or  regulation  (other  than  traffic
          violations or similar  offenses) or final  cease-and-desist  order, or
          (vii) any material breach of any provision of this Agreement.
<PAGE>

     (B)  Employer, by action of its Board of Directors may terminate Employee's
          employment with Employer without cause at any time; provided, however,
          that the "date of  termination"  for purposes of determining  benefits
          payable to Employee  under  subsection  8(B) hereof  shall be the date
          which  is 60 days  after  Employee  receives  written  notice  of such
          termination.

     (C)  Employee, by written notice to Employer,  may terminate her employment
          with Employer  immediately for cause.  For purposes of this subsection
          7(C),  "cause" shall be defined as (i) any action by Employer's  Board
          of  Directors  to remove the  Employee as Chief  Financial  Officer of
          Employer, except where the Employer's Board of Directors properly acts
          to  remove  Employee  from such  office  for  "cause"  as  defined  in
          subsection  7(A)  hereof,  (ii)  any  action  by  Employer's  Board of
          Directors to materially limit,  increase,  or modify Employee's duties
          and/or  authority as Chief  Financial  Officer of Employer,  (iii) any
          failure of  Employer to obtain the  assumption  of the  obligation  to
          perform this Agreement by any successor or the  reaffirmation  of such
          obligation by Employer,  as contemplated in section 20 hereof; or (iv)
          any  material  breach by Employer of a term,  condition or covenant of
          this Agreement.

     (D)  Employee,  upon  sixty  (60)  days  written  notice to  Employer,  may
          terminate her employment with Employer without cause.

     (E)  Employee's  employment  with Employer shall  terminate in the event of
          Employee's  death or  disability.  For purposes  hereof,  "disability"
          shall be defined as Employee's inability by reason of illness or other
          physical or mental  incapacity  to perform the duties  required by her
          employment  for any  consecutive  One Hundred Eighty (180) day period,
          provided  that  notice  of any  termination  by  Employer  because  of
          Employee's "disability" shall have been given to Employee prior to the
          full resumption by her of the performance of such duties.

     8. In the event of  termination  of  Employee's  employment  with  Employer
pursuant to section 7 hereof, compensation shall continue to be paid by Employer
to Employee as follows:

     (A)  In the  event of  termination  pursuant  to  subsection  7(A) or 7(D),
          compensation  provided for herein (including Base Compensation)  shall
          continue to be paid, and Employee shall continue to participate in the
          employee  benefit,   retirement,  and  compensation  plans  and  other
          perquisites  as provided in sections 5 and 6 hereof,  through the date
          of termination  specified in the notice of  termination.  Any benefits
          payable  under  insurance,  health,  retirement  and bonus  plans as a
          result of  Employee's  participation  in such plans  through such date
          shall be paid  when due under  those  plans.  The date of  termination
          specified in any notice of  termination  pursuant to  subsection  7(A)
          shall be no later  than the last  business  day of the  month in which
          such notice is provided to Employee.

<PAGE>

     (B)  In the  event of  termination  pursuant  to  subsection  7(B) or 7(C),
          compensation  provided for herein (including Base Compensation)  shall
          continue to be paid, and Employee shall continue to participate in the
          employee  benefit,   retirement,  and  compensation  plans  and  other
          perquisites  as provided in sections 5 and 6 hereof,  through the date
          of termination  specified in the notice of  termination.  Any benefits
          payable  under  insurance,  health,  retirement  and bonus  plans as a
          result of  Employee's  participation  in such plans  through such date
          shall be paid when due under those plans. In addition,  Employee shall
          be entitled to continue to receive from Employer her Base Compensation
          at the  rates in  effect  at the  time of  termination  (1) for  three
          additional  l2-month  periods if the  termination  follows a Change of
          Control  or  (2)  for  the  remaining  Term  of the  Agreement  if the
          termination does not follow a Change of Control.  In addition,  during
          such periods,  Employer will maintain in full force and effect for the
          continued  benefit of Employee each employee  welfare benefit plan and
          each employee  pension  benefit plan (as such terms are defined in the
          Employee  Retirement Income Security Act of 1974, as amended) in which
          Employee was entitled to participate  immediately prior to the date of
          her  termination,   unless  an  essentially  equivalent  and  no  less
          favorable benefit is provided by a subsequent employer of Employee. If
          the terms of any employee  welfare  benefit  plan or employee  pension
          benefit  plan of Employer  do not permit  continued  participation  by
          Employee,  Employer  will  arrange to  provide  to  Employee a benefit
          substantially  similar to, and no less favorable than, the benefit she
          was  entitled  to receive  under such plan at the end of the period of
          coverage.  For purposes of this Agreement, a "Change of Control" shall
          mean an acquisition of "control" of the Holding Company or of Employer
          within the  meaning of 12  C.F.R.ss.574.4(a)  (other  than a change of
          control  resulting from a trustee or other fiduciary holding shares of
          Common Stock under an employee  benefit plan of the Holding Company or
          any of its subsidiaries).  Notwithstanding anything to the contrary in
          the foregoing,  any benefits  payable under this subsection 8(B) shall
          be subject  to the  limitations  on  severance  benefits  set forth in
          Regulatory  Bulletin  27a of the Office of Thrift  Supervision,  as in
          effect on the Effective Date.

     (C)  In the event of termination pursuant to subsection 7(E),  compensation
          provided for herein (including Base Compensation) shall continue to be
          paid,  and  Employee  shall  continue to  participate  in the employee
          benefit,  retirement,  and compensation plans and other perquisites as
          provided  in sections 5 and 6 hereof,  (i) in the event of  Employee's
          death,  through the date of death,  or (ii) in the event of Employee's
          disability,  through  the  date of  proper  notice  of  disability  as
          required by subsection  7(E).  Any benefits  payable under  insurance,
          health,   retirement  and  bonus  plans  as  a  result  of  Employer's
          participation  in such plans  through such date shall be paid when due
          under those plans.

     (D)  Employer  will permit  Employee or her personal  representative(s)  or
          heirs,   during  a  period  of  three  months   following   Employee's
          termination  of  employment  by Employer  for the reasons set forth in
          subsections  7(B) or (C),  if such  termination  follows  a Change  of
          Control,  to require Employer,  upon written request,  to purchase all
          outstanding  stock options  previously  granted to Employee  under any
          Holding  Company stock option plan then in effect  whether or not such
          options are then  exercisable  at a cash  purchase  price equal to the
          amount by which  the  aggregate  "fair  market  value"  of the  shares
          subject to such options  exceeds the  aggregate  option price for such
          shares.  For purposes of this Agreement,  the term "fair market value"
          shall mean the higher of (1) the average of the highest  asked  prices
          for Holding Company shares in the over-the-counter  market as reported
          on the NASDAQ  system if the shares are traded on such  system for the
          30 business days  preceding such  termination,  or (2) the average per
          share price actually paid for the most highly priced 1% of the Holding
          Company  shares  acquired in connection  with the Change of Control of
          the Holding Company by any person or group acquiring such control.

     9. In order to  induce  Employer  to enter  into this  Agreement,  Employee
hereby agrees as follows:

     (A)  While Employee is employed by Employer and for a period of three years
          after  termination of such  employment for any reason,  Employee shall
          not divulge or furnish any trade  secrets (as defined in IND.  CODEss.
          24-2-3-2) of Employer or any confidential  information acquired by her
          while employed by Employer concerning the policies,  plans, procedures
          or customers  of Employer to any person,  firm or  corporation,  other
          than  Employer  or upon its  written  request,  or use any such  trade
          secret  or  confidential   information   directly  or  indirectly  for
          Employee's  own  benefit  or for the  benefit of any  person,  firm or
          corporation  other  than  Employer,   since  such  trade  secrets  and
          confidential  information  are  confidential  and  shall at all  times
          remain the property of Employer.

     (B)  For a period of three years after termination of Employee's employment
          by Employer for reasons other than those set forth in subsections 7(B)
          or (C) of this  Agreement,  Employee  shall not directly or indirectly
          provide banking or bank-related  services to or solicit the banking or
          bank-related  business of any customer of Employer at the time of such
          provision of services or  solicitation  which  Employee  served either
          alone or with others  while  employed  by Employer in any city,  town,
          borough,  township, village or other place in which Employee performed
          services  for Employer  while  employed by it, or assist any actual or
          potential  competitor of Employer to provide  banking or  bank-related
          services to or solicit  any such  customer's  banking or  bank-related
          business in any such place.

     (C)  While  Employee is  employed by Employer  and for a period of one year
          after  termination  of  Employee's  employment by Employer for reasons
          other  than  those  set  forth  in  subsections  7(B)  or (C) of  this
          Agreement,  Employee shall not, directly or indirectly,  as principal,
          agent,  or  trustee,   or  through  the  agency  of  any  corporation,
          partnership, trade association, agent or agency, engage in any banking
          or bank-related  business which competes with the business of Employer
          as conducted during Employee's  employment by Employer within a radius
          of twenty-five (25) miles of Employer's main office.

<PAGE>

     (D)  If Employee's  employment  by Employer is  terminated  for any reason,
          Employee  will  turn  over  immediately  thereafter  to  Employer  all
          business correspondence,  letters, papers, reports,  customers' lists,
          financial statements, credit reports or other confidential information
          or  documents  of  Employer or its  affiliates  in the  possession  or
          control of Employee, all of which writings are and will continue to be
          the sole and exclusive property of Employer or its affiliates.

If  Employee's  employment  by  Employer is  terminated  during the Term of this
Agreement for reasons set forth in  subsections  7(B) or (C) of this  Agreement,
Employee shall have no  obligations  to Employer with respect to  noncompetition
under this section 9.

     10. Any termination of Employee's  employment with Employer as contemplated
by section 7 hereof,  except in the circumstances of Employee's death,  shall be
communicated by written "Notice of Termination" by the terminating  party to the
other party hereto.  Any "Notice of Termination"  pursuant to subsections  7(A),
7(C) or 7(E) shall  indicate the specific  provisions of this  Agreement  relied
upon and shall  set  forth in  reasonable  detail  the  facts and  circumstances
claimed to provide a basis for such termination.

     11.  If  Employee  is  suspended   and/or   temporarily   prohibited   from
participating  in the conduct of  Employer's  affairs by a notice  served  under
section  8(e)(3) or (g)(1) of the Federal Deposit  Insurance Act (12 U.S.C.  ss.
1818(e)(3) or (g)(1)),  Employer's  obligations  under this  Agreement  shall be
suspended as of the date of service,  unless stayed by appropriate  proceedings.
If the charges in the notice are dismissed,  Employer shall (i) pay Employee all
or part of the compensation  withheld while its obligations under this Agreement
were suspended and (ii)  reinstate (in whole or in part) any of its  obligations
which were suspended.

     12. If Employee is removed and/or permanently prohibited from participating
in the conduct of Employer's affairs by an order issued under section 8(e)(4) or
(g)(1) of the  Federal  Deposit  Insurance  Act (12  U.S.C.  ss.  1818(e)(4)  or
(g)(1)),  all obligations of Employer under this Agreement shall terminate as of
the  effective  date of the  order,  but  vested  rights of the  parties  to the
Agreement shall not be affected.

     13. If Employer is in default (as defined in section 3(x)(1) of the Federal
Deposit  Insurance Act), all obligations under this Agreement shall terminate as
of the date of default, but this provision shall not affect any vested rights of
Employer or Employee.

     14. All obligations  under this Agreement shall be terminated except to the
extent  determined  that the  continuation of the Agreement is necessary for the
continued  operation  of  Employer:  (i) by the Director of the Office of Thrift
Supervision  or her or her designee  (the  "Director"),  at the time the Federal
Deposit Insurance  Corporation enters into an agreement to provide assistance to
or on behalf of Employer  under the authority  contained in Section 13(c) of the
Federal Deposit  Insurance Act; or (ii) by the Director at the time the Director
approves a  supervisory  merger to resolve  problems  related  to  operation  of
Employer or when  Employer is  determined by the Director to be in an unsafe and
unsound condition.  Any rights of the parties that have already vested, however,
shall not be affected by such action.

<PAGE>

     15.  Anything in this  Agreement  to the contrary  notwithstanding,  in the
event that the  Employer's  independent  public  accountants  determine that any
payment by the Employer to or for the benefit of the  Employee,  whether paid or
payable pursuant to the terms of this Agreement,  would be non-deductible by the
Employer for federal income tax purposes because of Section 280G of the Internal
Revenue Code of 1986, as amended (the "Code"), then the amount payable to or for
the benefit of the Employee pursuant to this Agreement shall be reduced (but not
below zero) to the Reduced Amount. For purposes of this section 15, the "Reduced
Amount" shall be the amount which  maximizes the amount payable  without causing
the payment to be  non-deductible by the Employer because of Section 280G of the
Code. Any payments made to Employee pursuant to this Agreement or otherwise, are
subject to and conditional upon their  compliance with 12 U.S.C.  ss.1828(k) and
any  regulations  promulgated  thereunder,  to the  extent  applicable  to  such
parties.

     16. If a dispute arises  regarding the termination of Employee  pursuant to
section 7 hereof or as to the  interpretation  or  enforcement of this Agreement
and  Employee  obtains a final  judgment  in her  favor in a court of  competent
jurisdiction  or her claim is settled by Employer  prior to the  rendering  of a
judgment by such a court,  all  reasonable  legal fees and expenses  incurred by
Employee in contesting or disputing any such termination or seeking to obtain or
enforce  any  right or  benefit  provided  for in this  Agreement  or  otherwise
pursuing her claim shall be paid by Employer, to the extent permitted by law.

     17. Should  Employee die after  termination of her employment with Employer
while any amounts are payable to her hereunder,  this  Agreement  shall inure to
the  benefit of and be  enforceable  by  Employee's  executors,  administrators,
heirs,  distributees,  devisees and legatees and all amounts  payable  hereunder
shall be paid in  accordance  with the  terms of this  Agreement  to  Employee's
devisee,  legatee or other  designee  or, if there is no such  designee,  to her
estate.

     18. For purposes of this  Agreement,  notices and all other  communications
provided  for herein  shall be in writing and shall be deemed to have been given
when delivered or mailed by United States  registered or certified mail,  return
receipt requested, postage prepaid, addressed as follows:

     If to Employee:            Dottye Robeson
                                3116 E 600 N
                                Camden, Indiana  46917

     If to Employer:            Logansport Savings Bank, FSB
                                723 East Broadway
                                P.O. Box 569
                                Logansport, Indiana  46947

or to such address as either party hereto may have  furnished to the other party
in writing in  accordance  herewith,  except  that  notices of change of address
shall be effective only upon receipt.

     19. The validity,  interpretation,  and performance of this Agreement shall
be governed by the laws of the State of Indiana, except as otherwise required by
mandatory operation of federal law.

<PAGE>

     20. Employer shall require any successor  (whether  direct or indirect,  by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business or assets of Employer, by agreement in form and substance  satisfactory
to Employee to expressly  assume and agree to perform this Agreement in the same
manner and same extent that Employer  would be required to perform it if no such
succession had taken place.  Failure of Employer to obtain such agreement  prior
to the  effectiveness  of any such  succession  shall be a material  intentional
breach of this Agreement and shall entitle  Employee to terminate her employment
with Employer  pursuant to subsection  7(C) hereof.  As used in this  Agreement,
"Employer" shall mean Employer as hereinbefore  defined and any successor to its
business or assets as aforesaid.

     21. No provision of this  Agreement  may be modified,  waived or discharged
unless such waiver,  modification or discharge is agreed to in writing signed by
Employee  and  Employer.  No waiver by  either  party  hereto at any time of any
breach by the other  party  hereto of, or  compliance  with,  any  condition  or
provision of this  Agreement to be performed by such other party shall be deemed
a waiver  of  dissimilar  provisions  or  conditions  at the  same or any  prior
subsequent time. No agreements or representation,  oral or otherwise, express or
implied,  with  respect to the  subject  matter  hereof have been made by either
party which are not set forth expressly in this Agreement.

     22. The invalidity or  unenforceability of any provisions of this Agreement
shall not affect the validity or  enforceability of any other provisions of this
Agreement which shall remain in full force and effect.

     23. This  Agreement  may be executed in one or more  counterparts,  each of
which shall be deemed an original but all of which together shall constitute one
and the same agreement.

     24. This  Agreement is personal in nature and neither  party hereto  shall,
without consent of the other, assign or transfer this Agreement or any rights or
obligations  hereunder  except as  provided  in section 17 and section 20 above.
Without  limiting  the  foregoing,  Employee's  right  to  receive  compensation
hereunder shall not be assignable or transferable,  whether by pledge,  creation
of a security interest or otherwise, other than a transfer by her will or by the
laws of descent or  distribution  as set forth in section 17 hereof,  and in the
event of any  attempted  assignment  or  transfer  contrary  to this  paragraph,
Employer  shall have no liability to pay any amounts so attempted to be assigned
or transferred.

<PAGE>

     IN WITNESS  WHEREOF,  the parties have caused the  Agreement to be executed
and delivered as of the day and year first above set forth.

                                    LOGANSPORT SAVINGS BANK, FSB

                                    By: /s/ David G. Wihebrink
                                       ----------------------------------------
                                           David G. Wihebrink, President

                                                         "Employer"

                                        /s/ Dottye Robeson
                                       ----------------------------------------
                                       Dottye Robeson

                                                         "Employee"

     The undersigned,  Logansport Financial Corp., sole shareholder of Employer,
agrees that if it shall be determined for any reason that any obligations on the
part of Employer to continue to make any  payments  due under this  Agreement to
Employee is unenforceable for any reason,  Logansport Financial Corp., agrees to
honor the terms of this  Agreement  and  continue to make any such  payments due
hereunder to Employee pursuant to the terms of this Agreement.

                                    LOGANSPORT FINANCIAL CORP.

                                    By: /s/ David G. Wihebrink
                                       ----------------------------------------
                                             David G. Wihebrink, President

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