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THIS DEED OF TRUST, is made as of the (Jday of April, 2001, by and
<br />among Lyle Nelson and Sarah Nelson, husband and wife, ( "Trustor "), whose mailing address is
<br />711 Stagecoach Road, Grand Island, Nebraska 68801, Gary D. Byrne, a member of the Nebraska
<br />Bar Association ( "Trustee "), whose mailing address is 503 W. Koenig, Grand Island, Nebraska
<br />68801 and Shirley J. Mason ( "Beneficiary'), whose mailing address is P.O. Box 460, Litchfield
<br />Park, AZ 85340.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys
<br />and 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 property
<br />located in the City of Grand Island, County of Hall, State of Nebraska, and legally described as
<br />follow (the "Property "):
<br />Lot 4, Block 1, Replat of Riverside Acres, Grand Island,
<br />Hall County, Nebraska.
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests
<br />in adjoining roads, streets and alleys, improvements and buildings of any kind situated thereon
<br />and all personal property that may be or hereafter become an integral part of such buildings and
<br />improvements, all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred
<br />to collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $155,000, with
<br />interest thereon, as evidenced by that certain promissory note of even date (the "Note ") with a
<br />maturity date of October 2, 2003, executed by Trustor, which has been delivered and is payable
<br />to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and
<br />all modifications, extensions and renewals thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with
<br />interest thereon at the rate of eight percent (8 %) per annum, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument 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 ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal
<br />of, and the interest on, the indebtness evidenced by the Note, charges, fees and all other sums as
<br />provided in the Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special
<br />assessments of every kind, now or hereafter levied against the trust Estate or any par thereof as
<br />follows:
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<br />DEED OF TRUST
<br />•
<br />THIS DEED OF TRUST, is made as of the (Jday of April, 2001, by and
<br />among Lyle Nelson and Sarah Nelson, husband and wife, ( "Trustor "), whose mailing address is
<br />711 Stagecoach Road, Grand Island, Nebraska 68801, Gary D. Byrne, a member of the Nebraska
<br />Bar Association ( "Trustee "), whose mailing address is 503 W. Koenig, Grand Island, Nebraska
<br />68801 and Shirley J. Mason ( "Beneficiary'), whose mailing address is P.O. Box 460, Litchfield
<br />Park, AZ 85340.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys
<br />and 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 property
<br />located in the City of Grand Island, County of Hall, State of Nebraska, and legally described as
<br />follow (the "Property "):
<br />Lot 4, Block 1, Replat of Riverside Acres, Grand Island,
<br />Hall County, Nebraska.
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests
<br />in adjoining roads, streets and alleys, improvements and buildings of any kind situated thereon
<br />and all personal property that may be or hereafter become an integral part of such buildings and
<br />improvements, all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred
<br />to collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $155,000, with
<br />interest thereon, as evidenced by that certain promissory note of even date (the "Note ") with a
<br />maturity date of October 2, 2003, executed by Trustor, which has been delivered and is payable
<br />to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and
<br />all modifications, extensions and renewals thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with
<br />interest thereon at the rate of eight percent (8 %) per annum, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument 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 ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal
<br />of, and the interest on, the indebtness evidenced by the Note, charges, fees and all other sums as
<br />provided in the Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special
<br />assessments of every kind, now or hereafter levied against the trust Estate or any par thereof as
<br />follows:
<br />
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