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<br />DEED OF TRUST
<br />THIS �TRUST DEED made this � day of February, 201 l, between DOUGLAS LUTH � �j Q
<br />and SHERRI LUTH, Husband and Wife, of Hall County, Nebraska, as TRUSTOR, and William ��;
<br />A. Francis, A Member of the Nebraska State Bar Association, as TRUSTEE, and JACK T.
<br />STRATTON and SHIRLEY L. STRATTON, Husband and Wife, as Joint Tenants, hereinafter
<br />referred to as BENEFICIARIES.
<br />WITNESS�TH:
<br />That TRUSTOR hereby grants, bargains, sells, conveys and warrants to TRUSTEE, IN
<br />TRUST, his successors and assigns, with power of sale, the following-described real property:
<br />Part of Lots Four (4) and .One (1), in Wolfe Plaza Subdivision, an Addition to the
<br />City of Grand Island, Hall County, Nebraska, more particularly described as
<br />follov�s:
<br />A tract of land comprising a part of the Northeast Quarter of the Northeast Quarter
<br />(NE 1/4NE 1/4) of Section Twenty Four (24), Township Eleven (11) North, Range
<br />Ten (10), West of the 6�' P.M., Hall County, Nebraska, more particularly described
<br />as follows: Beginning at a point on the east line of said Section Twenty Four (24),
<br />said point being Four Hundred Eighty Seven and Five Tenths (487.5) feet north of
<br />the southeast corner of said Northeast Quarter of the Northeast Quarter
<br />(NE1/4NE1/4); thence westerly parallel to the north line of said Northeast Quarter
<br />(NE1/4), a distance of Foriy Six and Ninety Five Hundredths (46.95) feet to a point
<br />on the westerly right of way line of Webb Road, this being the Actual place of
<br />beginning; thence continuing westerly along the last described course, a distance of
<br />Four Hundred Eighty Three and Nineteen Hundredths (483.19) feet to a point on the
<br />southerly right of way line of U.S. Highway No. 30; thence deflecting right 148°47'
<br />and running northeasterly along said highway right of way line, a distance of
<br />Seventeen and Five Tenths (17.5) feet; thence deflecting right 12°43' and running
<br />northeasterly along said highway right of way line, a distance of Two Hundred
<br />Ninety and Sixty One Hundredths (290.61) feet to a point of curvature; thence
<br />continuing northeasterly along said highway right of way line and on the arc of a
<br />curve �whose radius is 2,779.79, a distance of One Hundred Ninety Seven and
<br />Twenty Five Hundredths (197.25) feet to a point on said westerly right of way line
<br />of Webb Road; thence southerly along said westerly right of way line of Webb
<br />Road, a distance of One Hundred Forty and Foriy Six Hundredths (140.46) feet to
<br />the Actual place of beginning.
<br />together with all buildings, improvements and appurtenances thereon.
<br />The TRUSTOR hereby covenants and agrees with the TRUSTEE that TRUSTOR is
<br />lawfully seized and the owner of the above-described property; that he has good right and lawful
<br />right and authority to sell. TRUSTOR will warrant and defend the title to said premises forever
<br />against the claims of all persons whomsoever.
<br />For the purpose of securing performance of each agreement of TRUSTOR herein contained
<br />and the payment of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000.00), the
<br />TRUSTOR has executed a Promissory Note bearing even date, at the rate of interest and on the
<br />terms and conditions as set forth in such Note until paid. The principal sum and interest shall be
<br />payable in accordance with and upon the terms and conditions of said Note of even date, and in any
<br />event the entire principal balance due hereunder and any accrued interest shall be paid on February
<br />15, 2026. All installment payments hereunder shall be applied first to the payment of interest
<br />computed monthly on the unpaid balance, pursuant to the Amortization Schedule, a copy of which
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