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20 MARTIN E. AND BLANCHE S. CARLSON JOINT LIVING TRUST This Joint Living Trust Agreement (this "Agreement") is made this I/-f day of between Martin E. Carlson and Blanche S. Carlson (the "Grantors or Beneficiaries") of Grand Island, Nebraska and Blanche S. Carlson of Grand Island, Nebraska (the "Trustee"). In consideration of the mutual covenants and promises set forth in this Agreement, the Grantor and the Trustee agree as follows: I. PURPOSE" The purpose of this Agreement is to establish a Trust to receive and manage assets for the benefit of the Grantors during the Grantors' lives, and to further manage and distribute the assets of the Trust upon the death of the surviving Grantor. II. FUNDING OF TRUGT, This Trust shall be funded with assets transferred to this Trust by either or both of the Grantors at the time of creating this Trust, or at any later time. Any community property transferred to this Trust shall remain community property until the death of either Grantor. This Trust may also receive property from any person or entity who is acting under the authority granted to that person or entity by the Grantors. It is also expected that this Trust may receive assets pursuant to the terms of either of the Grantors' Last Will and Testament. III. MANAGEMENT OF TRUST ASSETS. The Trustee shall manage and distribute the trust assets for the benefit of the Beneficiaries in accordance with the terms of this Agreement. IV. DISTRIBUTIONS DURING THE LIVES OF THE GRANTORS. During the joint or survivor lives of the Grantor(s), the Trustee shall distribute to or for the benefit of the Grantor(s), or as the Grantor(s) may designate, as much of the net income and/or principal as the Trustee (in the Trustee's sole discretion) may determine is necessary for the health, support, education, maintenance, and comfort of the Grantor(s). Such distributions shall be made at least monthly. The Grantor(s) may change the amount of distribution at any time by providing notice to the Trustee. Any excess income shall be retained in the Trust and added to its principal at the discretion of the Trustee. A. Payments During a "Disability" of a Grantor. During any period that a Grantor has a "disability", the Trustee may pay to or for the benefit of such Grantor such amounts of income and principal as the Trustee believes in the Trustee's sole discretion to be required for (i) such Grantor's support, comfort and welfare, (ii) such Grantor's accustomed manner of living, or (iii) any purpose that the Trustee believes to be in the best interest of such Grantor.