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<br />DEED OF TRUST
<br />Retum to: Jamie Mues Jankovitz
<br />PO Box 639
<br />Grand Island, NE 68802
<br />THIS DEED OF TRUST is made as of t�he ��ay of �2012, by DOROTHY
<br />LOUISE KEARNES and GEORGE BRUCE KEARNES, wife and husband ("TRUSTOR"),
<br />whose mailing address is: 110 E. 17`" Street, Grand Island, Nebraska 68801; and, Jamie Mues
<br />Jankovitz, Attorney at Law ("TRUSTEE"), whose mailing address is: 202 W. 3rd St., P.O. Box
<br />639, Grand Island, Nebraska 68802-0639; and Kenneth Masden and Martha Masden, husband
<br />and wife, whose mailing address is 1770 E. Sycamore Road, Casa Grande, AZ 85122-5415
<br />("BENEFICIARY").
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in Hall County, Nebraska, and legally described as follows:
<br />(the "Propert�'):
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<br />Lot Thirty (30), Block One (1), Morris Adclition, City of Grand Island,
<br />Hall County, Nebraska
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in
<br />adjoining roads situated thereon.
<br />The property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness oftlne total principal amount of 577,000.00 with interest
<br />thereon at the rate of 3.00 % per annum, as evidenced by a Prorrussory Note of even date (the
<br />"Note") with a maturity date of June 1, 2042 executed by Trustor, wluch has been delivered and
<br />is payable to the order of Beneficiary, and which by this reference is hereby made a part hereof,
<br />and any and all modifications, extensions and renewals thereof.
<br />The Beneficiaries of this Deed of Trust shall, in the event of the first of the following to
<br />occur: the death of the second to die of the Beneficiaries of this Deed of Trust; or the second to
<br />die of the Trustors named herein, accept a Deed in Lieu of Foreclosure as complete and full
<br />satisfaction of the balance owed as referenced in the Promissory Note illustrated herein. A Deed
<br />in Lieu of Foreclosure will be accepted to the extent clear title is transferred with the deed,
<br />excepting the title exception referencing tlus Deed of Trust. Said Deed of Trust shall be
<br />reconveyed in its entirety when the above conditioxis are gnet by the Trustors.
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with
<br />interest thereon at the rate of 3.00 % percent per annum, the default rate.
<br />This Deed of Trust, the Note, and any other instivment given to evidence or further
<br />secure the payment and performance of any obligation secured hereby are referred to collectively
<br />as the "Loan Instruments".
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