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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this 1� day of 2005, by and among Darrel R.
<br />Olson and Linda M. Olson, husband and wife, hereinafte referr d to as "Trustor ", whose mailing
<br />address is 2102 Pioneer Blvd., Grand Island, Nebraska 68801; GALEN E. STEHLIK, Attorney at
<br />Law, hereinafter referred to as "Trustee," whose address is 724 West Koenig Street, Grand Island,
<br />Nebraska 68801; and Richard A. Rosno, Trustee of the Loyola M. Rosno Revocable Living Trust,
<br />whose mailing address is 1314 West Charles, #4, Grand Island, Nebraska 68801, Beneficiary.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject
<br />to the terms and conditions of this Deed of Trust, the following- described property, located in Hall
<br />County, Nebraska:
<br />Lot Seven (7), in Block "B" in "Park -View Subdivision ", Located in the Northeast
<br />Quarter (NE1 /4) of Section Twenty -nine (29), and the Northwest Quarter (NEI /4) of
<br />Section Twenty -eight (28) in Township Eleven (11), North, Range Nine (9), West of
<br />the 6th P.M., Hall County, Nebraska,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues,
<br />profits, reversions and the remainders thereof, including all such personal property that is attached
<br />to the improvements 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, it being agreed
<br />that all of the foregoing shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date
<br />herewith in the principal sum of Eighty Thousand Dollars ($80,000.00),together with
<br />interest at the rate or rates provided therein, or the principal and interest on any future
<br />advance as evidenced by promissory notes stating they are secured hereby, and any
<br />and all renewals, modifications and extensions of such notes, both principal and
<br />interest on the notes being payable in accordance with the terms set forth therein and
<br />the amortization schedule attached thereto, which by this reference are hereby made
<br />a part hereof;
<br />(b) the performance of each agreement and covenant of Trustor herein
<br />contained; and
<br />(c) the payment of any sum or sums of money which may be hereafter paid
<br />or advanced by Beneficiary under the terms of this Deed of Trust, together with
<br />interest thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows:
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this 1� day of 2005, by and among Darrel R.
<br />Olson and Linda M. Olson, husband and wife, hereinafte referr d to as "Trustor ", whose mailing
<br />address is 2102 Pioneer Blvd., Grand Island, Nebraska 68801; GALEN E. STEHLIK, Attorney at
<br />Law, hereinafter referred to as "Trustee," whose address is 724 West Koenig Street, Grand Island,
<br />Nebraska 68801; and Richard A. Rosno, Trustee of the Loyola M. Rosno Revocable Living Trust,
<br />whose mailing address is 1314 West Charles, #4, Grand Island, Nebraska 68801, Beneficiary.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject
<br />to the terms and conditions of this Deed of Trust, the following- described property, located in Hall
<br />County, Nebraska:
<br />Lot Seven (7), in Block "B" in "Park -View Subdivision ", Located in the Northeast
<br />Quarter (NE1 /4) of Section Twenty -nine (29), and the Northwest Quarter (NEI /4) of
<br />Section Twenty -eight (28) in Township Eleven (11), North, Range Nine (9), West of
<br />the 6th P.M., Hall County, Nebraska,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues,
<br />profits, reversions and the remainders thereof, including all such personal property that is attached
<br />to the improvements 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, it being agreed
<br />that all of the foregoing shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date
<br />herewith in the principal sum of Eighty Thousand Dollars ($80,000.00),together with
<br />interest at the rate or rates provided therein, or the principal and interest on any future
<br />advance as evidenced by promissory notes stating they are secured hereby, and any
<br />and all renewals, modifications and extensions of such notes, both principal and
<br />interest on the notes being payable in accordance with the terms set forth therein and
<br />the amortization schedule attached thereto, which by this reference are hereby made
<br />a part hereof;
<br />(b) the performance of each agreement and covenant of Trustor herein
<br />contained; and
<br />(c) the payment of any sum or sums of money which may be hereafter paid
<br />or advanced by Beneficiary under the terms of this Deed of Trust, together with
<br />interest thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows:
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