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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 />
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