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<br />THIS DEED OF'1'RUST is made on this / � day of MA' , 2003. The Tmstor is
<br />GARY R. JACOBSON, whose address for purposes of notices in respect to this Deed of Trust is 14 Kuester
<br />Lake, Grand Island, Nebraska 68801, and is sometimes herein identified as Borrower. The Trustee is Galen
<br />R. Stehlik, attorney at law and member of the Nebraska State Bar Association, whose address is 724 W. v
<br />Koenig Street, P.O. Box 400, Grand Island, Nebraska 68802 -0400. The Beneficiary is Gary R. Jacobson, o
<br />Trustee of the Genevieve J. Jacobson Revocable Living Trust dated March 14, 2003, whose address for
<br />purposes of notification under this Deed of Trust is 14 Koester Lake, Grand Island, Nebraska 68801, and
<br />sometimes herein identified as Lender.
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, INTRUST, WITHPOWEROF SALE,
<br />THE FOLLOWING:
<br />Lot Eighteen (18), having a Lake Front of Seventy-eight Feet (78') situated
<br />on the West side of the West portion of Kuester Lake and being on a part
<br />of the East One -half (E %) of the Southwest Quarter (Sw 1/4) of Section
<br />Thirteen (13), Township Eleven (11) North, Range Nine (9), Hall County,
<br />Nebraska.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances 1 ocated thereon o r i n anywise pertaining t hereto, and the rents, i ssues and profits,
<br />reversions and remainders thereof, and such personal property that is attached to the improvements so as to
<br />constitute a fixture, including, but not limited to, heating and cooling equipment and together with the
<br />homestead or marital interests, if any, which interests are herebyreleased and waived, all of which, including
<br />replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of
<br />this Deed of Trust and all of the foregoing being referred to herein as the "Property."
<br />Borrower owes Lender the total sum of Thirty -Nine Thousand Eighty -Nine Dollars d1
<br />791700 — (839,089.19) evidenced by Borrower's Note of even date herewith (hereinafter referred to as
<br />"Debt ") which has a stated maturity date of October 19, 20 17_ . This Debt shall include any and all
<br />modifications, extensions and renewals thereof or thereto and any and all future advances and re- advances
<br />to Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit
<br />agreements (herein called "Note ").
<br />Phis Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all other
<br />sums, with interest, advanced under the provisions hereafter to protect the security and the performance of
<br />Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power and
<br />lawful authority to convey the same and warrants and will defend title to the real estate against the lawful
<br />claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />L Borrower shall pay wbm due, the principal and interest as provided in said Note
<br />2. All payments received by Lender shall be first applied to advances which may have been made by Lender and
<br />then to interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the Property before the same
<br />become delinquent.
<br />4. Borrower shall keep the improvements on said Property insured against loss by fire and hazards included with
<br />the term "extended coverage" for their insurable value and policies for the same shall include a standard
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<br />DEED OF TRUST
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<br />THIS DEED OF'1'RUST is made on this / � day of MA' , 2003. The Tmstor is
<br />GARY R. JACOBSON, whose address for purposes of notices in respect to this Deed of Trust is 14 Kuester
<br />Lake, Grand Island, Nebraska 68801, and is sometimes herein identified as Borrower. The Trustee is Galen
<br />R. Stehlik, attorney at law and member of the Nebraska State Bar Association, whose address is 724 W. v
<br />Koenig Street, P.O. Box 400, Grand Island, Nebraska 68802 -0400. The Beneficiary is Gary R. Jacobson, o
<br />Trustee of the Genevieve J. Jacobson Revocable Living Trust dated March 14, 2003, whose address for
<br />purposes of notification under this Deed of Trust is 14 Koester Lake, Grand Island, Nebraska 68801, and
<br />sometimes herein identified as Lender.
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, INTRUST, WITHPOWEROF SALE,
<br />THE FOLLOWING:
<br />Lot Eighteen (18), having a Lake Front of Seventy-eight Feet (78') situated
<br />on the West side of the West portion of Kuester Lake and being on a part
<br />of the East One -half (E %) of the Southwest Quarter (Sw 1/4) of Section
<br />Thirteen (13), Township Eleven (11) North, Range Nine (9), Hall County,
<br />Nebraska.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges
<br />and appurtenances 1 ocated thereon o r i n anywise pertaining t hereto, and the rents, i ssues and profits,
<br />reversions and remainders thereof, and such personal property that is attached to the improvements so as to
<br />constitute a fixture, including, but not limited to, heating and cooling equipment and together with the
<br />homestead or marital interests, if any, which interests are herebyreleased and waived, all of which, including
<br />replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of
<br />this Deed of Trust and all of the foregoing being referred to herein as the "Property."
<br />Borrower owes Lender the total sum of Thirty -Nine Thousand Eighty -Nine Dollars d1
<br />791700 — (839,089.19) evidenced by Borrower's Note of even date herewith (hereinafter referred to as
<br />"Debt ") which has a stated maturity date of October 19, 20 17_ . This Debt shall include any and all
<br />modifications, extensions and renewals thereof or thereto and any and all future advances and re- advances
<br />to Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit
<br />agreements (herein called "Note ").
<br />Phis Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all other
<br />sums, with interest, advanced under the provisions hereafter to protect the security and the performance of
<br />Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seized of such real estate and has the legal power and
<br />lawful authority to convey the same and warrants and will defend title to the real estate against the lawful
<br />claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />L Borrower shall pay wbm due, the principal and interest as provided in said Note
<br />2. All payments received by Lender shall be first applied to advances which may have been made by Lender and
<br />then to interest due and last to principal due.
<br />3. Borrower shall pay all general real estate taxes and special assessments against the Property before the same
<br />become delinquent.
<br />4. Borrower shall keep the improvements on said Property insured against loss by fire and hazards included with
<br />the term "extended coverage" for their insurable value and policies for the same shall include a standard
<br />1.
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