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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made this ~ day of Apri12010, by and among CAROLYNN
<br />L. CARMICHAEL, a single person, whose address for purposes of notices in respect to this Deed
<br />of Trust is l 1 Venus, Alda, Nebraska 68810, herein collectively identified as "Trustor"; MATTHEW
<br />C. BOYLE, Attorney at Law, hereinafter referred to as "Trustee," whose address is 724 W. Koenig,
<br />F.O. Box 400, Grand Island, NE G8802; and LILA J. DAY, a single person, whose mailing address
<br />is 477 Ornsby Road, St. Libory, Nebraska 08$72, "Beneficiary".
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<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 subject
<br />to the terms and conditions of this Deed of Trust, the following-described property, located in Hall
<br />County, Nebraska:
<br />Aldo Village Argo Fourth Sub Lt 11, to include the personal property
<br />legally described as: 1980 Champion Mobile Home, V1N -
<br />0510026851AB,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon or in any way pertaining thereto, and the rents, issues,
<br />profits, reversions and the remainders thereof, including all such personal property that is attached
<br />to the improvements so as to constitute a fixture, all of which, including replacements and additions
<br />thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed
<br />that all of the foregoing shall be hereinafter referred to as the "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date
<br />herewith in the principal sum of Sixty-two Thousand Dollars and NO/100
<br />($62,000.00), together with interest at the rate or rates provided therein, or the
<br />principal and interest on any future advance as evidenced by promissory notes stating
<br />they are secured hereby, and any and all renewals, modifications and extensions of
<br />such notes, both principal and interest on the notes being payable in accordance with
<br />the terms set forth therein and the amortization schedule attached thereto, which by
<br />this reference are hereby made a part hereof;
<br />(b) the performance of each agreement and covenant of Trustor herein
<br />contained; and
<br />(c) the payment of any sum or sums of money which may be hereafter paid
<br />or advanced by Beneficiary under the teens of this Deed of Trust, together with
<br />interest thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustors hereby covenant and agree as follows:
<br />1. Payment of Indebtedness. To pay when. due, the principal of, and the interest on, the
<br />indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan
<br />instruments.
<br />2. Title. Trustors are the owners of the property and have the right and authority to execute
<br />this Deed of Trust in respect to the property.
<br />3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other
<br />charges against the property, before the same become delinquent, and, in the event Beneficiary shall
<br />so require, to add to the payments required under the note secured hereby, such amount as maybe
<br />sufficient to enable Beneficiary to pay such taxes, assessments or other charges as they become due.
<br />Trustor is required to provide receipts to Beneficiary of payment of real estate taxes prior to their
<br />becoming delinquent.
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