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<br />~ DEED OF TRUST
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<br />'" THIS DEED OF TRUST is made this -z. ""Lday of May, 2008, by and among WETZEL ~')-2)
<br />BROTHERS INVESTMENTS, INC., a Nebraska corporation, herein referred to as "Tmstor", ~ ~
<br />whose mailing address is 3515 North U.S. Highway 281, Grand Island, Nebraska 68803; C)
<br />CATHLEEN H. ALLEN, Attorney-at-Law, hereinafter referred to as "Tmstee", whose mailing
<br />address is P. O. Box 790, Grand Island, Nebraska 68802; and WATER SPORTS UNLIMITED,
<br />INC., a Nebraska corporation, hereinafter referred to as "Beneficiary", whose mailing address is
<br />1008 S. Pleasant View Drive, Grand Island, Nebraska 68801.
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<br />For valuable consideration, Tmstor irrevocably grants, transfers, conveys and assigns to
<br />Tmstee, in tmst, with power of sale, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed ofTmst, the Trustor's interest in the following-
<br />described property located in Hall County, Nebraska, to-wit:
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<br />A tract ofland comprising a part ofthe North Half of the Northwest Quarter of
<br />the Southwest Quarter (NY2NW~SW~) of Section Thirty-Three (33), in
<br />Township Twelve (12) North, Range Nine (9) West ofthe 6th P.M., more
<br />particularly described as follows: Beginning at the southeast comer of the said
<br />North Half ofthe Northwest Quarter of the Southwest Quarter (NY2NW~SW~),
<br />thence running northerly along the east line of the said North Half of the
<br />Northwest Quarter of the Southwest Quarter (NY2NW~SW~) a distance of
<br />197.59 feet; thence mnning westerly and parallel to the south line of the said
<br />North Half ofthe Northwest Quarter of the Southwest Quarter (NY2NW~SW~) a
<br />distance of 1,322.64 feet to a point on the west line of the said North Half ofthe
<br />Northwest Quarter of the Southwest Quarter (NY2NW~SW~); thence mnning
<br />southerly along the West line of the North Half of the Northwest Quarter of the
<br />Southwest Quarter (NY2NW~SW~) a distance of 197.59 feet to the southwest
<br />comer of the said North Half of the Northwest Quarter of the Southwest Quarter
<br />(NY2NW~SW~); thence mnning easterly along and upon the south line of the
<br />said North Half of the Northwest Quarter of the Southwest Quarter
<br />(NY2NW~SW~) a distance of 1 ,322.5 feet to the point of beginning, excepting
<br />therefrom a strip of land condemned by the City of Grand Island, Nebraska and
<br />recorded in Book 8, Page 166 in Hall County, Nebraska,
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<br />together with all improvements, fixtures and appurtenances located thereon or in any way
<br />pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, including
<br />all such personal property that is attached to the improvements so as to constitute a fixture, all of
<br />which, including replacements and additions thereto, are hereby declared to be a part of the real
<br />estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />referred to as th~ "Property".
<br />
<br />FOR THE PURPOSE OF SECURING:
<br />
<br />(a) the payment of indebtedness evidenced by Tmstor's note
<br />dated June 15,2007 in the principal sum of SEVENTY-TWO
<br />THOUSAND FOUR HUNDRED NINETY-EIGHT AND 49/100
<br />DOLLARS ($72,498.49), together with interest at the rate provided
<br />therein, or the principal and interest on any future advance not to exceed
<br />the total principal sum initially secured hereby as evidenced by promissory
<br />notes stating they are secured hereby, and any and all renewals, modifica-
<br />tions and extensions of such notes, both principal and interest on the notes
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