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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on March 5 , 2002. The Trustors are
<br />Randell S. Gleason and Michele L. Gleason, husband and wife,
<br />( "Borrower ") . The Trustee is Denise D. Myers, of Lauritsen, Brownell, �� \
<br />Brostrom, Stehlik, Thayer & Myers, 724 W. Koenig Street, Grand Island,
<br />Nebraska 68801, ( "Trustee "). The beneficiary is Lelia C. Luhn, also
<br />known as Lelia Luhn, 4138 N. 150" Road, Cairo, Nebraska, 68824,
<br />( "Lender "). Borrower owes Lender the principal sum of Forty Four
<br />Thousand and 00 /100 Dollars ($44,000.00). This debt is evidenced by
<br />Borrower's note dated the same date as this Security Instrument ( "Note "),
<br />which provides for annual payments. The Deed of Trust (sometimes
<br />referred to herein as "security instrument ") secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of all other
<br />sums, with interest, advanced to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and
<br />agreements. For this purpose, Borrower irrevocably grants and conveys
<br />to Trustee, in trust, with power of sale, the following described
<br />property located in Hall County, Nebraska:
<br />A tract of land comprising a part of the West Half of the
<br />Southeast Quarter (W1 /2SE1 /4) of Section Twenty Six (26),
<br />Township Twelve (12) North, Range Twelve (12), West of
<br />the 6th P.M., Hall County, Nebraska, more particularly
<br />described as: Commencing at the Southwest corner of the
<br />said West Half of the Southeast Quarter (W1 /2SE1 /4);
<br />thence N 00000100" W on and upon the west line of the
<br />said West Half of the Southeast Quarter (Wl /2SE1/4) a
<br />distance of Two Hundred Ninety Five and Six Hundredths
<br />(295.06) feet to the Point of Beginning; thence
<br />continuing N 00000100" W a distance of Two Thousand Three
<br />Hundred Forty Six and Eighty Eight Hundredths (2346.88)
<br />feet to a point, said point being the northwest corner of
<br />the said West Half of the Southeast Quarter (W1 /2SE1 /4);
<br />thence N 88041'20" E on and upon the north line of the
<br />said West Half of the Southeast Quarter (W1 /2SE1 /4) a
<br />distance of One Thousand Sixty One and Forty Hundredths
<br />(1061.40) feet to a point; thence S 29040144" W a
<br />distance of Five Hundred Twelve and Twenty Hundredths
<br />(512.20) feet to a point; thence S OOo28116" W a distance
<br />of Four Hundred Ninety Three and Ninety Four Hundredths
<br />(493.94) feet to a point; thence S 13022135" W a distance
<br />of Seven Hundred Twenty Six and Forty Four Hundredths
<br />(726.44) feet to a point; thence S 00000120" E a distance
<br />of One Thousand Five and Fifty Eight Hundredths (1005.58)
<br />feet to a point on the south line of the said West Half
<br />of the Southeast Quarter (Wl /2SE1/4); thence S 88039126"
<br />W on and upon the south line of the said West Half of the
<br />Southeast Quarter (W1 /2SE1 /4) a distance of Three Hundred
<br />Forty and Sixty Eight Hundredths (340.68) feet to a
<br />point; thence N 00003111" E a distance of Two Hundred
<br />Ninety Five and Twenty Hundredths (295.20) feet to a
<br />point; thence S 8803714711 W a distance of Two Hundred
<br />Ninety Five and Thirty One Hundredths (295.31) feet to
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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on March 5 , 2002. The Trustors are
<br />Randell S. Gleason and Michele L. Gleason, husband and wife,
<br />( "Borrower ") . The Trustee is Denise D. Myers, of Lauritsen, Brownell, �� \
<br />Brostrom, Stehlik, Thayer & Myers, 724 W. Koenig Street, Grand Island,
<br />Nebraska 68801, ( "Trustee "). The beneficiary is Lelia C. Luhn, also
<br />known as Lelia Luhn, 4138 N. 150" Road, Cairo, Nebraska, 68824,
<br />( "Lender "). Borrower owes Lender the principal sum of Forty Four
<br />Thousand and 00 /100 Dollars ($44,000.00). This debt is evidenced by
<br />Borrower's note dated the same date as this Security Instrument ( "Note "),
<br />which provides for annual payments. The Deed of Trust (sometimes
<br />referred to herein as "security instrument ") secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of all other
<br />sums, with interest, advanced to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and
<br />agreements. For this purpose, Borrower irrevocably grants and conveys
<br />to Trustee, in trust, with power of sale, the following described
<br />property located in Hall County, Nebraska:
<br />A tract of land comprising a part of the West Half of the
<br />Southeast Quarter (W1 /2SE1 /4) of Section Twenty Six (26),
<br />Township Twelve (12) North, Range Twelve (12), West of
<br />the 6th P.M., Hall County, Nebraska, more particularly
<br />described as: Commencing at the Southwest corner of the
<br />said West Half of the Southeast Quarter (W1 /2SE1 /4);
<br />thence N 00000100" W on and upon the west line of the
<br />said West Half of the Southeast Quarter (Wl /2SE1/4) a
<br />distance of Two Hundred Ninety Five and Six Hundredths
<br />(295.06) feet to the Point of Beginning; thence
<br />continuing N 00000100" W a distance of Two Thousand Three
<br />Hundred Forty Six and Eighty Eight Hundredths (2346.88)
<br />feet to a point, said point being the northwest corner of
<br />the said West Half of the Southeast Quarter (W1 /2SE1 /4);
<br />thence N 88041'20" E on and upon the north line of the
<br />said West Half of the Southeast Quarter (W1 /2SE1 /4) a
<br />distance of One Thousand Sixty One and Forty Hundredths
<br />(1061.40) feet to a point; thence S 29040144" W a
<br />distance of Five Hundred Twelve and Twenty Hundredths
<br />(512.20) feet to a point; thence S OOo28116" W a distance
<br />of Four Hundred Ninety Three and Ninety Four Hundredths
<br />(493.94) feet to a point; thence S 13022135" W a distance
<br />of Seven Hundred Twenty Six and Forty Four Hundredths
<br />(726.44) feet to a point; thence S 00000120" E a distance
<br />of One Thousand Five and Fifty Eight Hundredths (1005.58)
<br />feet to a point on the south line of the said West Half
<br />of the Southeast Quarter (Wl /2SE1/4); thence S 88039126"
<br />W on and upon the south line of the said West Half of the
<br />Southeast Quarter (W1 /2SE1 /4) a distance of Three Hundred
<br />Forty and Sixty Eight Hundredths (340.68) feet to a
<br />point; thence N 00003111" E a distance of Two Hundred
<br />Ninety Five and Twenty Hundredths (295.20) feet to a
<br />point; thence S 8803714711 W a distance of Two Hundred
<br />Ninety Five and Thirty One Hundredths (295.31) feet to
<br />1
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