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TRUST DEED With Power of Sale 200206020 This Trust Deed made May j, 2002 by and among the following: Trustor: James Anderson 4257 Utah Avenue Grand Island, NE 68803 Trustee: Anna L. Stehlik Attorney at Law ( #15621) P.O. Box 609 3303 West 12`" Street Hastings, NE 68902 Beneficiary: Grand West, LLC P.O. Box 609 3303 West 12'h Street Hastings, NE 68902 Consideration: Promissory Note given by Trustor to Beneficiary for $27,900.00 dated May -,� I , 2002 Trustor, in consideration of the sum of $27,900.00, receipt of which is hereby acknowledged, conveys to Trustee, in trust, with power of sale all of Lot 34 Grand West Subdivision to the City of Grand Island, Hall County, Nebraska (the "Property"), covenants that Trustor is lawfully seised of such Property and that it is free from encumbran , ct, however, to a certain Trust Deed dated May �, 2002 ( given by Trustor to Trustee for the benefit of and special assessments e date hereof and to existing easements or restrictions of use or of record; Trustor covenants stor has legal power and lawful authority to execute this Trust Deed; and Trustor warrants defend title to the Property against the lawful claims of all persons. Trustor and Beneficiaries covenant and agree as follows: Payment of Note. Trustor shall promptly pay when due the principal of and interest on the debt evidenced by the Trust Deed and Promissory Note of even date herewith together with all sums advanced by Beneficiary to protect the Property, with interest thereon at the default rate provided in the Promissory Note. 2. Taxes & Assessments. Trustor will pay all real estate taxes levied on the Property, including any tax levied on the debt secured hereby, when they become due and before they become delinquent. Beneficiary shall pay installments of special assessments assessed as of the date of this Trust Deed when due.