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202402764
<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this /6 day of I�Uit , 2024, by and
<br />among Gary R. Jacobson and Lloyd B. Gunderson, a single person, hereinafter
<br />referred to as "Trustor", whose address is 623 S. Locust Street, Grand Island, NE
<br />68801; Daniel J. Thayer, Attorney at Law, hereinafter referred to as "Trustee,"
<br />whose address is 1425 N. Webb Road, Grand Island, NE 68803; and Donald Mehring,
<br />whose mailing address is 102 Ponderosa Drive, Grand Island, Nebraska, 68803 is
<br />Beneficiary.
<br />For valuable consideration, Trustor irrevocably grants, 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
<br />following -described property, located in Hall County, Nebraska:
<br />See Exhibit 1 attached hereto and incorporated by reference.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways,
<br />easements, rights, privileges and appurtenances located thereon or in any way
<br />pertaining thereto, and the rents, issues, profits, reversions and the remainders
<br />thereof, including all such personal property that is attached to the improvements
<br />so as to constitute a fixture, all of which, including replacements and additions
<br />thereto, are hereby declared to be a part of the real estate conveyed in trust hereby,
<br />it being agreed that all of the foregoing shall be hereinafter referred to as the
<br />"Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note
<br />of even date herewith in the principal sum of Fifty Thousand Dollars
<br />and No Cents ($50,000.00), together with interest at the rate of Eight
<br />Percent (8%) per annum, or the principal and interest on any future
<br />advance as evidenced by promissory notes stating they are secured
<br />hereby, and any and all renewals, modifications and extensions of
<br />such notes, both principal and interest on the notes being payable in
<br />accordance with the terms set forth therein and the amortization
<br />schedule attached thereto, which by this reference are hereby made a
<br />part hereof;
<br />(b) the performance of each agreement and covenant of
<br />Trustor herein contained; and
<br />(c) the payment of any sum or sums of money which may be
<br />hereafter paid or advanced by Beneficiary under the terms of this
<br />Deed of Trust, together with interest thereon at the rate provided in
<br />the note.
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