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<br />Return to:
<br />Galen E. Stehlik
<br />P O Box 400
<br />Gcand Island, NE 68801
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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made thiso�� day of ,��. 2011, by and among �� �
<br />MICHAEL D. PAWNEE AND MARGARET A. PAWNEE, husband and wife, hereinafter refened to as
<br />"Trustor", whether one or more, whose mailing address is 611 Plum Road, Grand Island, Nebra.ska 68801;
<br />GALEN E. STEHLIK, Attorney at Law, hereinafter referred to as "Trustee," whose address is 724 West
<br />Koenig Street, Grand Island, NE 68801; and Earl D. Potter and Earl D. Potter as Power of Attorney for
<br />Wilma Potter, husband and wife, whose mailing address is Riverside Lodge Retirement, 404 Woodland
<br />Drive, Grand Island, Nebraska 68801, Beneficiary.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to Trustee, in
<br />trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the following-described property, located in Merrick County, Nebraska:
<br />North One-Half (Nl/2) Lot Three (3) Thirty Eight Feet (38') and Lot Four (4) in
<br />Spelts Schultz Addition to the City of Grand Island, Hall County, Nebraska.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances located thereon or in any way pertaining thereto, and the rents, issues, profits, reversions
<br />and the remainders thereof, including all such personal property that is attached to the improvements so as
<br />to constitute a fixture, all of which, including replacements and additions thereto, are hereby declared to be
<br />a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date herewith
<br />in the principal sum of One Hundred Fifty-Five Thousand and No/100 Dollars
<br />($155,000.00), and any and all renewals, modifications and extensions of such notes, all
<br />payments being payable in accordance with the terms set forth therein and the amortization
<br />schedule attached to the Note.
<br />(b) the performance of each agreement and covenant of Trustor herein contained;
<br />and
<br />(c) the payment of any sum or sums of money which may be hereafter paid or
<br />advanced by Beneficiary under the terms of this Deed of Trust, together with interest
<br />thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows:
<br />1. Payment of Indebtedness. To pay when due, the principal of the indebtedness evidenced by the
<br />note, charges, fees and all other sums as provided in the loan instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority to execute this Deed
<br />of Trust in respect to the property.
<br />3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other charges
<br />against the property, before the same become delinquent, and, in the event Beneficiary shall so require, to
<br />add to the payments required under the note secured hereby, such amount as may be sufficient to enable
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