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(herein "Trustee "), and the Beneficiary,
<br />First Mortgage Company, L.L.C., an Oklahoma Limited Liability Company
<br />a corporation organized and existing under the laws of the State of Oklahoma , whose
<br />address is 6501 N. Broadway - Ste. 250, Oklahoma City, OK 73116
<br />(herein "Lender "),
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hall County , State of Nebraska:
<br />Lot 3, In Block 7, in Replat of Riverside Acres, an Addition to the City of Grand Island, Hall
<br />County, Nebraska
<br />which has the address of 1316 Grand Avenue
<br />[Street]
<br />Grand Island , Nebraska 68803 (herein "Property Address ");
<br />[City] [ZIP Code]
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances and rents, (subject however to the rights and authorities given herein to Lender to collect and
<br />apply such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of
<br />Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust in on a
<br />leasehold) are hereinafter referred to as the "Property ";
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br />May 24, 2005 and extensions and revewals thereof (herein "Note "), in the principal sum of U.S.
<br />$ 42,300.00 , with interest thereon, providing for monthly installments of principal and interest, with the
<br />balance of the indebtedness, if not sooner paid, due and payable on August 29, 2005 ; the payment
<br />of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of
<br />Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims
<br />and demands, subject to encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />Initia 4
<br />Nebraska - Second Mortgage
<br />Page 1 of 5
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<br />DEED
<br />OF TRUST
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<br />THIS DEED OF TRUST is made this
<br />24th
<br />day f May 2005
<br />y
<br />,among the Trustor,
<br />Joseph J. Johnson, a Single Person
<br />(herein "Borrower "), John Q Bachman, Attorney at Law
<br />,
<br />(herein "Trustee "), and the Beneficiary,
<br />First Mortgage Company, L.L.C., an Oklahoma Limited Liability Company
<br />a corporation organized and existing under the laws of the State of Oklahoma , whose
<br />address is 6501 N. Broadway - Ste. 250, Oklahoma City, OK 73116
<br />(herein "Lender "),
<br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hall County , State of Nebraska:
<br />Lot 3, In Block 7, in Replat of Riverside Acres, an Addition to the City of Grand Island, Hall
<br />County, Nebraska
<br />which has the address of 1316 Grand Avenue
<br />[Street]
<br />Grand Island , Nebraska 68803 (herein "Property Address ");
<br />[City] [ZIP Code]
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances and rents, (subject however to the rights and authorities given herein to Lender to collect and
<br />apply such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of
<br />Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust in on a
<br />leasehold) are hereinafter referred to as the "Property ";
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br />May 24, 2005 and extensions and revewals thereof (herein "Note "), in the principal sum of U.S.
<br />$ 42,300.00 , with interest thereon, providing for monthly installments of principal and interest, with the
<br />balance of the indebtedness, if not sooner paid, due and payable on August 29, 2005 ; the payment
<br />of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of
<br />Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims
<br />and demands, subject to encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />Initia 4
<br />Nebraska - Second Mortgage
<br />Page 1 of 5
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