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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />2015 North Broadwell y S
<br />Grand Island, NE 68803 FOR RECORDER'S USE ONLY \ O
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is dated August 6, 2001, among CARSON- SULLIVAN, A PARTNERSHIP ( "Trustor ");
<br />Five Points Banit, whose address is North Branch, 2015 North Broadwell, Grand Island, NE 68803 (referred
<br />to below sometimes as "Lender" and sometimes as "Beneficiary "); and Five Points Bank, whose address is
<br />P.0 Box 1507, Grand Island, NE 68802 -1507 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real property, including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HALL County, State of
<br />Nebraska:
<br />A TRACT OF LAND COMPRISING A PART OF THE WEST HALF OF THE SOUTHWEST QUARTER
<br />(W1/2SW1/4) OF SECTION FIVE (5), TOWNSHIP TEN (10) NORTH, RANGE TEN (10) WEST OF THE GTH
<br />P.M., HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS FOLLOVI'O:
<br />FIRST, TO ASCERTAIN THE POINT -OF BEGINNING. START AT THE SOI.ITHWFST CORNER OF SAin
<br />SECTION FIVE (5); THENCE N 00 000'00" (ASSUMED BEARING) ALONG AND UPON i HC VVES I' LINE OF
<br />SAID WEST HALF OF THE SOUTHWEST QUARTER (W1/2SW1/4) A DISTANCE OF ONE THOUSAND
<br />THREE HUNDRED FORTY (1,340.0) FEET; THENCE 90 000'00" E A DISTANCE OF SEVENTY (70.0) FEET TO
<br />A POINT ON fHE EASTERLY RIGHT OF WAY LINE OF ALDA ROAD AND BEING THE ACTUAL POINT OF
<br />BEGINNING; THENCE CONTINUING 90 000'00" E A DISTANCE OF FIVE HUNDRED SEVENTY ONE AND
<br />SIXTY FOUR HUNDREDTHS (571.64) FEET TO A POINT ON THE PROLONGATION OF THE WEST LINE
<br />OF ARGO FOURTH SUBDIVISION IN THE VILLAGE OF ALDA, NEBRASKA, THENCE S 00 °05'00" W ALONG
<br />AND UPON SAID PROLONGATION AND THE WEST LINE OF SAID ARGO FOURTH SUBDIVISION A
<br />DISTANCE OF THREE HUNDRED (300.0) FEET; THENCE S 90 000'00" W A DISTANCE OF FIVE HUNDRED
<br />SEVENTY ONE AND TWO TENTHS (571.2) FEET TO A POINT ON SAID EASTERLY RIGHT OF WAY LINE
<br />OF ALDA ROAD; THENCE N 00 000'00" E, ALONG AND UPON SAID RIGHT OF WAY LINE PARALLEL WITH
<br />THE WEST LINE OF SAID WEST HALF OF THE SOUTHWEST QUARTER (W1 /2SW1/4) A DISTANCE OF
<br />THREE HUNDRED (300.0) FEET TO THE ACTUAL POINT OF BEGINNING AND CONTAINING 3.945 ACRES
<br />MORE OR -LESS, ALSO TO BE KNOWN AS LOT 1, P.Y. VET ''SUBDIVISION, AN ADDITION TO THE
<br />VILLAGE OF ALDA, HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as 4783 S ALDA RD, ALDA, NE 68810.
<br />REVOLVING LINE OF CREDIT. Specifically, without limitation, this Deed of Trust secures a revolving line of credit, which obligates
<br />Lender to make advances to Borrower so long as Borrower complies with all the terms of the Note.
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security
<br />interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />AUG -8 2001
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