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<br />200211199
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<br />DFFD OF TRUST
<br />This DEED OF TRUST' is made as of the 16'" day of October, 2002 by and among the Truster, Robert J.
<br />and Tamara M. Johnson. Husband and Wife, whose mailing address for purposes of this Deed of 'frost is 4139
<br />Manchester Road Grand [e]and, NE 68801 (herein, "Truster ", whether one or more), the Trustee, AREND R.
<br />BAACK, Attorney at Law, a member of the Nebraska State Bar Association, whose mailing address is P. O.
<br />Box 790, Grand Island, NE 68802-0790 (herein "'trustee "), and the Beneficiary, HOME FEDERAL SAVINGS
<br />AND LOAN ASSOCIATION OF GRAND ISLAND, whose mailing address is P. O. Box 1009, Grand Island, NE
<br />68802 -1009 (herein "Lender "),
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Robert
<br />1. and Tamara M. Johnson (herein "Borrower ", whether one or more), and the trust herein created, the receipt of
<br />which is hereby acknowledged, Truslor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALL, for the benefit and security of the Lender, under and subject to the terms and
<br />rnmin ens hereinafter set forth, legally described as follows:
<br />Lot One (1)- '1heasmeyer- Neubed Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska;
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, casements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profts, reversions and
<br />remainders lhca-ol', and such personal property that is attached to the improvements so as to constitute a fixture,
<br />including, but not limited lo, healing and cooling equipment and together with the homestead or marital interests, if
<br />any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is
<br />hcmby declared to be a part of the real estate secured by the lien of this Deed of I rust and all of the foregoing being
<br />referred to herein as the "Properly ".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Deed of
<br />Trust Note dated Oclubcr 16, 2002, having a maturity date of November I, 2009, in the or principal amount of
<br />Seventy Thousand and 00 /100 Dollars (570,000.00), and any and all modifications, extensions and renewals thereof
<br />or thereto and any and all future advances and re- advances to Borrower (or any of them if more than one) hereunder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note"), (b) the payment of other
<br />sums advanced by Lender to protect the security of the Note; (c) the performance of all covenants and agreements
<br />of Trusto, set forth herein; and (d) all present and future indebtedness and obligations of Borrower (or any of them
<br />if moat than one) to Lender whether direct, indirect, absolute or contingent and whether arising by note, guaranty,
<br />overdraft or otherwise. The Note, this Dead of Trust and any and all other documents that secure the Note or
<br />otherwise executed in connection therewith, including without limitation guarantees, security agreements and
<br />assignments of leases and rents, shall be referred to herein as the "Loan Instruments ".
<br />TRIISTOR COVENANT S AND AGRLLS WITH LENDGR AS FOLLOWS'
<br />I_ Payment of Indebtedness- All indehta]ncse secure(] hereby shall he paid when (Inc.
<br />2. Title. Truster is the owner of the Property, has the right and authority to convey the Property and
<br />warrants that the lien created hereby is a Got and prior lien on the Property and the execution and delivery of the
<br />Deed of Trust does not violate any contractor other obligation to which 'trustor is subject
<br />_. Taxes Assessment, To pay before delinquent all taxes, .special assessments and all other charges
<br />against the Property now or hereafter levied.
<br />4. Insurance. TO keep the Property insured against damage by Poe hazards included with the term
<br />"extended coverage" and such other hazards as Lender may require in amounts and with companies acceptable to
<br />Lender, ranting Lender as an additional named insured with loss payable to the Lender. In case of loss under such
<br />policies, the Lender is authorized to adjust, aillecL and compromise all claims [hereunder and shall have the option
<br />of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby and in such order as Lender
<br />may determine, (ii) to the Tmstm to be used for the repair or restoration of the Property , or (iii) for any other
<br />purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured
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