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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made on this � day of December, 2010. The Trustor is
<br />LONNY R. FOSTER and ANN E. FOSTER, husband and wife, whase address for purposes of
<br />notices in respect to this Deed of Trust is 2704 Cottonwood Raad, Grand Island, Nebraska 68$O1
<br />and is sometimes herein identified as Borrower. The Trustee is MICHAEL L. JOHNSON,
<br />Attorney at Law and member of the Nebraska State Bar Association, whose address is 104 N.
<br />Wheeler Street, P.O. Box 790, Grand Island, NE �8802-0790. The Beneficiary is HASTINGS
<br />GRAIN INSPECTTON, INC., a Nebraska corporation, whase address for purposes of notifica-
<br />tion under this Deed of Trust is 315 S. Locust, Grand Island, Nebraska 68801 and is sometimes
<br />herein identified as Lender.
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE,IN TRUST, WITH
<br />P�WER OF SALE, THE FOLLOWING:
<br />Lots Twenty-Seven (27), Block Four (4), in Replat of Riverside Acres, an
<br />Addition to the City of Grand Island, Hall County, Nebraska,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereta, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to, heating
<br />and cooling equipment and together with the homestead or rnarital interests, if any, which inter-
<br />ests are hereby released and waived, all of which, including replacements and additions thereto,
<br />is hereby declared to be a part �f the real estate secured by the lien of this Deed of Trust and all
<br />of the foregoing being referred to herein as the "Property".
<br />Borrower owes Lender the total sum of QNE HiTNDRED FIFTY THOUSAND AND
<br />NO/100 DQLLARS ($150,000.00) evidenced by Borrvwer's Note of even date herewith (here-
<br />inafter referred to as "Debt") which has a stated maturity date of December 27, 2025. This Debt
<br />shall include any and all modifications, extensions and renewals thereof or thereta arid any and
<br />all future advances and readvances to Borrower (or any of them if more than one) hereunder
<br />pursuant to one or more promissory notes ar credit agreements (herein called "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 ta the real
<br />estate against the lawful claims of all persons,
<br />BORR�WER AND LENDER AGREE AS FOLLOWS:
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<br />Borrower sha11 pay when due, the principal and interest as provided in said Note.
<br />2. All payments received by Lender shall be first applied to advances which may
<br />have been made by Lend�r and then to interest due and last to principal due.
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<br />3. Borrawer shall pay all general real estate taxes and special assessments against
<br />the Property before the same becorne delinquent.
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