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<br />THIS DEED OF TRUST is made as of the ~^iJ day of ~/-0~ 2008, <br />by Steven D. Johnson and Donna J. Johnson, husband and wife ("TRUSTOR"), whose mailing <br />address is: 217 N. Carey Ave, Grand Island, NE 68803; and, Thomas A. Emerton, Attorney at <br />Law ("TRUSTEE"), whose mailing address is: 202 W. 3rd St., P.O. Box 639, Grand Island, <br />Nebraska 68802-0639 and Dale D. Johnson and Leota M. Johnson, ("BENEFICIARY") whether <br />one or more, whosemailingaddressis1022N.Custer.GrandIsland.NE 68803. <br /> <br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and <br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of <br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real <br />property located in Hall County, Nebraska, and legally described as follows: <br />(the "Property"): <br /> <br />and undivided one-half interest in a tract of land comprising all of Lot Ten (10), Block Thirty Seven <br />(37), Packer & Barr's Second Addition to the City of Grand Island, Hall County, Nebraska, together <br />with the North Half (Nl/2) of Vacated Clarence Street, lying south of and adjacent to said Lot Ten <br />(10). <br /> <br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in <br />adjoining roads situated thereon. <br /> <br />The property and the entire estate and interest conveyed to the Trustee are referred to <br />collectively as the "Trust Estate". <br /> <br />FOR THE PURPOSE OF SECURING: <br /> <br />a. Payment of indebtedness of the total principal amount of $30,000.00 with interest <br />thereon at the rate of 0.00 % per annum, as evidenced by a Promissory Note of even date (the <br />"Note") with a maturity date of June 1. 2013, executed by Trustor, which has been delivered <br />and is payable to the order of Beneficiary, and which by this reference is hereby made a part <br />hereof, and any and all modifications, extensions and renewals thereof, and, <br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with <br />interest thereon at the rate of 7.00 % percent per annum, the default rate. <br /> <br />This Deed of Trust, the Note, and any other instrument given to evidence or further <br />secure the payment and performance of any obligation secured hereby are referred to collectively <br />as the "Loan Instruments", <br /> <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br /> <br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, <br />and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br /> <br />-1- <br /> <br /> m <br />0 Z <br />-1 <br />N m <br />:l:J <br />C> rn <br />l:J <br />0 ::r", <br />cc (I) <br />-" <br /> .,e:... <br />C) (I) <br /> -i <br />co ~ <br />w s: <br />Q m <br />r-:-'" ~ <br />2: <br /> 0 <br />3a.5o <br />