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<br /> DEED OF TRUST ~.)o
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<br />THiS DEED OF TRUST is made as of this June 28, 2006, by and among Kershner Properties,
<br />L.L.c., a Nebraska limited liability company ("Trustor"), whosc mailing address is 4111 4th A venue, Suite
<br />36, Kearney, NE 68845, and Alan D. Slattery, Attorney-at-Law ("Trustee"), whose mailing address is 1201
<br />Lincoln Mall, Suite 102, Lincoln, NE 68508, and Growth Management Corporation-Nebraska
<br />("Beneficiary"), whosemailingaddressis3201 Pioneers Blvd., Suite 122,Lincoln,NE 68502.
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<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, hypothecates and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under
<br />and subject to the terms and conditions ofthis Deed of Trust, the real property legally described as follows
<br />(the "Property"):
<br />
<br />The North Eleven (11) feet of Lot Twenty- Three (23) and the South Forty-Nine (49) feet of
<br />Lot Twenty- Two (22) and the North Sixty (60) feet of Lot Twenty- Two (22) ofHo1comb's
<br />Highway Homes Subdivision, in the City of Grand Island, Hall County, Nebraska, EXCEPT
<br />a tract of land more particularly described in Deed recorded in the Register of Deeds Office
<br />as Document No. 200010623
<br />
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets
<br />and alleys, improvements and buildings of any kind situated thereon, and all fixtures and personal property
<br />that may be or hereafter become an integral part of such buildings and improvements, and all water and
<br />mineral rights.
<br />
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively
<br />as the "Trust Estate."
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />(a) Payment of indebtedness in the total principal amount of $1 89,500, with interest thereon,
<br />as evidenced by that certain promissory note of even date herewith (the "Note") with a maturity date of June
<br />30, 2011, executed by Kevin W. Kershner and Julie R. Kershner, which has been delivered and is payable
<br />to the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all
<br />modifications, extensions and renewals thereof; and
<br />
<br />(b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest
<br />thereon at the rate oftwelve percent (12%) per annum.
<br />
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the
<br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />
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