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<br />THIS DEED OF TRUST is made thislZth day of April, 2008, by and among JOHNSON ~
<br />& JOHNSON, INC., a Nebraska corporation, herein referred to as "Trustor", whose mailing
<br />address is 2711 W. Koenig, Grand Island, Nebraska 68801; BRANDON S. CONNICK,
<br />Attorney-at-Law, hereinafter referred to as "Trustee", whose mailing address is 104 North
<br />Wheeler, P.O. Box 790, Grand Island, Nebraska 68802; and SPRINGDALE L.L.C., a Nebraska
<br />limited liability company, hereinafter referred to as "Beneficiary", whose mailing address is 940
<br />S. North Road, Grand Island, Nebraska 68803.
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<br />DEED OF TRUST
<br />
<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
<br />subject to the terms and conditions of thi s Deed of Trust, the Trustor's interest in the following-
<br />described property located in Hall County, Nebraska, to-wit:
<br />
<br />Lot Four (4) in Springdale Subdivision in the City of Grand Island, Hall County,
<br />Nebraska,
<br />
<br />together with all buildings, improvements, fixtures and appurtenances located thereon or in any
<br />way pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof,
<br />including all such personal property that is attached to the improvements so as to constitute a
<br />fixture, all of which, including replacements and additions thereto, are hereby declared to be a
<br />part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be
<br />hereinafter referred to as the "Property".
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />(a) the payment of indebtedness evidenced by Trustor's note
<br />dated April 18, 2008, in the principal sum of TWENTY-EIGHT
<br />THOUSAND AND NO/I 00 DOLLARS ($28,000.00), together with
<br />interest at the rate or rates provided therein, or the principal and interest
<br />on any future advance not to exceed the total principal sum initially
<br />secured hereby as evidenced by promissory notes stating they are secured
<br />hereby, and any and all renewals, modifications and extensions of such
<br />notes, both principal and interest on the notes being payable in accordance
<br />with the terms set forth therein, which by this reference is hereby made a
<br />part hereof;
<br />
<br />(b) the performance of each agreement and covenant of Trustor
<br />herein contained; and
<br />
<br />(c) the payment of any sum or sums of money which may be
<br />hereafter paid or advanced by Beneficiary under the terms of this Deed of
<br />Trust, together with interest thereon at the rate provided in the notes.
<br />
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
<br />
<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on,
<br />the indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan
<br />instruments.
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