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<br />NEBRASKA
<br />DEED OF TRUST - LINE OF CREDIT
<br />(With Power of Sale)
<br />THIS DEED OF TRUST, made this 12 ST day of JUNE 2000
<br />between EDWARD I.JOHNSON AND MARY S. JOHNSON HUSBAND AND WIF
<br />whose mailing address is 2204 N. HOWARD AVENUE GRAND ISLAND NE 68803
<br />as Trustors, STEWART TITLE GUARANTY COMPANY c�
<br />whose mailing address is 1220 WASHINGTON SUITE 100 KANSAS CITY, MO. 64105
<br />as Trustee, and Dial Bank, whose mailing address is 3201 North 4th Avenue, Sioux Falls, SD 57104, as Beneficiary,
<br />WITNESSETH, Trustors hereby irrevocably, grant, bargain, sell, and convey to Trustee in trust, with power of sale, the following described
<br />property in HALL County, Nebraska:
<br />'THE DESCRIPTION OF THE PROPERTY IS ON A SEPARATE FORM ATTACHED TO
<br />THIS MORTGAGE /DEED OF TRUST, WHICH DESCRIPTION IS PART OF THIS
<br />MORTGAGE /DEED OF TRUST."
<br />Together with tenements, hereditaments, and appurtenances thereunto belonging or in anywise appertaining and the rents, issues and profits
<br />thereof.
<br />This conveyance is intended for the purpose of securing the payment to Beneficiary of initial and future advances to Trustors' under a Credit
<br />Card Acount Agreement ( "Agreement ") in an amount of principal not to exceed $200,000.00 outstanding at any one time, plus interest on the
<br />principal outstanding from time to time at the rates from time to time provided for thereunder. Payment may be made in advance in any amount at
<br />any time. Default in making any payment shall, at the Beneficiary's option and without notice or demand, render the entire unpaid balance of said
<br />loan at once due and payable, less any required rebate of charges.
<br />To protect the security of this Deed of Trust, Trustor covenants and agrees:
<br />1. To keep the property in good condition and repair; to permit no waste thereof, to complete any building, structure or improvement being
<br />built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be damaged or destroyed; and to
<br />comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the property.
<br />2. To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all other charges, liens
<br />or encumbrances impairing the security of this Deed of Trust.
<br />3. To keep all buildings now or hereafter erected on the property described herein continuously insured against loss by fire or other hazards
<br />in an amount not less than the total debt secured by this Deed of Trust. All policies shall be held by the Beneficiary, and be in such companies as
<br />the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then to the Trustor. The amount
<br />collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as the Beneficiary shall determine. Such
<br />application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this.Deed of Trust or cure or waive any default or
<br />notice of default or invalidate any act done pursuant to such notice. In the event of of the Trustor in insurance policies then
<br />in force shall pass to the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transferring the property or any part thereof and any
<br />such sale, conveyance or transfer without the Beneficiary's written consent shall constitute a default under the terms hereof.
<br />5. To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee.
<br />6. Should Trustor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against the
<br />property hereinabove described, Beneficiary may pay the same, and the amount so paid, with interest at the rate set forth in the note secured
<br />hereby, shall be added to and become a part of the debt secured in this Deed of Trust as permitted by law.
<br />IT IS MUTUALLY AGREED THAT:
<br />1. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award or such
<br />,~portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to said obligation.
<br />2. By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to require prompt payment when
<br />due of all other sums so secured or to declare default for failure to so pay.
<br />3. The Trustee shall reconvey all or any part of the property covered by this Deed of Trust to the person entitled thereto, on written request of
<br />the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyance made by the Beneficiary or
<br />the person entitled thereto.
<br />NE- 979NOWLINE -0100 (also used by IA)
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