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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the � day of December, 2011. The Trustor
<br />(whether one or more) is PFI, L.L.C., a Nebraska limrted liability company, whose address for
<br />purposes of notices in respect to this Deed of Trust is 1420 E. Capital Avenue, Grand Island,
<br />Nebraska 68801 and is sometimes identified herein as`Borrower". The Trustee is OLD
<br />REPUBLIC NATIONAL TITLE INSURANCE COMPANY, hereinafter referred to as
<br />"Trustee", whose mailing address is c/o Grand Island Abstract, Escrow & Title Co., 704 West
<br />3rd Street, Grand Island, Nebraska 68801. The Beneficiary is JUDY DEE HAWKS, as to an
<br />undivided one-half (1/2) interest and RICHARD HAWKS, JR., KENNETH HAWKS,
<br />CANDACE L. HARDY and JO1vI K. ST. PIERRE, each as to an undivided one-eighth (1/8)
<br />interest, whose address for purposes of notification under this Deed of Trust is c/o Grand Island
<br />Abstract, Escrow & Title Co., 704 West 3rd Street, P.O. Box 627, Grand Island, Nebraska
<br />68802-0627, and is sometimes identified herein as "Lender".
<br />BORROWER IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH
<br />POWER OF SALE, TI� FOLLOWING:
<br />The East Half of the Southeast Quarter (E%2 SE'/4) of Section Thirty-Two (32), Township
<br />Twelve (12) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska,
<br />EXCEPT a tract more pa.rticularly described in Report of Appraisers recorded in Book R,
<br />Page 596; EXCEPT a tract more particularly described in Warranty Deed recorded in
<br />Book 75, Page 631; EXCEPT a tract more particularly described in Warranty Deed
<br />recorded in Book 75, Page 672; EXCEPT a tract more particularly described in Warranty
<br />Deed recorded in Book 77, Page 93; EXCEPT a tract more particularly described in
<br />Condemnation recorded in Book 11, Page 641; EXCEPT a tract more particularly
<br />described in Order recorded in Book 14, Page 207; EXCEPT a tract more particularly
<br />described in Warranty Deed recorded as Document No. 92-102790;
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges, and appurtenances located thereon or in anywise pertaining thereto, 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 marital interests, if any, which
<br />interests are hereby released and waived; all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property".
<br />This Deed of Trust secures the total suxn of Two Hundred Sixty Thousand and No/1900
<br />Dollars ($260,000.00) (hereinafter referred to as "Debt") as evidenced by Borrower's Deed of
<br />Trust Note of even date herewith (herein called "Note"), which has a stated maturity date of
<br />January 10, 2012. This Debt shall include any and all modifications, extensions, and renewals
<br />thereof or thereto, and any and all future advances and re-advances to Borrower hereunder
<br />pursuant to one or more promissory notes or credit agreements.
<br />This Deed of Trust secures to Lender: (i) the Debt evidenced by said Note; (ii) the
<br />payment of all other sums, with interest, advanced under the provisions hereafter to protect the
<br />security; and (iii) the 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
<br />estate against the lawful claims of all persons.
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />1. Borrower shall pay when due the principal as provided in said Note.
<br />2. All payments received by Lender shall be first applied to advances that may have
<br />been made by Lender, and then to principal due.
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