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<br />DEED OF TRUST
<br />This Deed of Trust is made an this 1st day of May, 2010, DAVID L. CARSON, TRUSTEE
<br />OF THE DAVID L. CARSON REVOCABLE LIVING TRUST DATED OCTOBER 15, 2002,
<br />AND CATHERINE M. CARSON, TRUSTEE OF THE CATHERINE M. CARSON REVOCABLE
<br />LIVING TRUST DATED OCTOBER 15, 2002, whose address for purposes of notices in respect
<br />to this Deed of Trust is 505 Linden Avenue, Grand Island, NE 68$01, and is sometimes herein
<br />identified as Borrower. The Trustee is Chad L. Bowman, 1045 Lincoln Mall, Suite 100, Lincoln,
<br />NE 6$508. The Beneficiary is Donna M. Douthit, or order, whose address for purposes of
<br />notification. under this Deed of Trust is 1502 S. Locust, Grand Island, NE 68801, and is sometimes
<br />herein identified as Lender.
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH POWER
<br />OF SALE, THE FOLLOWING:
<br />Lots 1, 2, 3, 4, 5, and 6, all in Block 2, in Academy Heights
<br />Subdivision to the City of Grand Island, Ha11 County, Nebraska.
<br />subject to easements, reservations, covenants and restrictions of record.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues
<br />and profits, reversions and remainders thereof, and such personal property that is attached. to the
<br />improvements so as to constitute a fixture, including, but not limited to, heating and cooling
<br />equipment and together with the homestead or marital interests, if any, which interests are hereby
<br />released and waived, all of which; including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br />referred to herein as the "Property".
<br />Harrower owes Lender a total principal sum not to exceed Four Hundred Eighty Thousand
<br />and No/ 100 Dollars ($480,000.00) evidenced by Borrower's Note of even date herewith (hereinafter
<br />referred to as "Debt") which has a stated maturity date of May 1 S, 2030, but with a balloon date of
<br />May 15, 2020. This Debt shall include any and all modifications; extensions, and renewals thereof
<br />or thereto and any and all future advances and readvances to Borrower (or any of them if more than
<br />one) hereunder pursuant to one or more promissory notes or credit agreements (herein called
<br />"Note").
<br />This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all
<br />other sums, with interest, advanced under the provisions hereafter to protect the security and the
<br />performance of Borrower's covenants and agreements.
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal
<br />power and lawful authority to convey the same and warrants and will defend title to the real estate
<br />against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />~"
<br />a
<br />Borrower shall pay when due, the principal and interest as provided in said Note.
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