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<br />DEED OF TRUST
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<br />THIS DEED OF TRUST, made this G� day of `✓�il�`i/s� , ,
<br />A.D., 2012, by and between K. C, Hehnke and Deborah M. He nke,
<br />husban.d and wite, of the County of Howard and State of Nebraska,
<br />hereinafter called "Tru.stor" (whether one or more), and Ronald S.
<br />Depue, Attorney at Law, of Hall County, Nebraska., hereinafter
<br />called '�Trustee," and Baker Development, Inc., a Nebraska corpora-
<br />tion, whose address is PO Box 2161, Grand Island, NE.68802,
<br />hereinafter called °Beneficiary";
<br />WITNESSETH, That the Trustvr, for good and valua.ble conaider-
<br />ation,, including the debt and trust hereinafter men�ioned and
<br />created, and the sum of one dollar to Trustor paid by the said
<br />Trustee„ the receipt and sutficiency of which is hereby acknowl-
<br />edged, does by the�e presents, irrevocably grant, bargain and sell,
<br />convey, as�ign and confirm un.to the said Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Beneficiary, under
<br />and subject to the terms and conditions of this Deed of Trust, the
<br />following described real property situated in Hall County,
<br />Nebraska, to-wit:
<br />Lot One (1) , Block Two ( 2), Ponderosa Lake Eatates F'ourth
<br />Subdivision, an Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />TOGETHER with and including all and si.n,gular the tenements,
<br />hereditamenta, appurtenances and privileges thereunto belonging or
<br />in anywise appertaining, whether now or hereafter acquired, which
<br />shall, include, without limiting the generality of the foregoing,
<br />the �ollowing:
<br />All of the rents, issuea and profits, including all rents,
<br />royalt�es, bonuses and benefits under any existing or future
<br />oil, gas or mineral or other l�ases; all easements and rights
<br />of way; all rights of homestead and home�tead exemption and
<br />any surviving spouse's marital or distributive share, and all
<br />other contingent rights in and to aaid premises; and
<br />All fixtures, improvements, buildings, and the plumbing,
<br />heatin.g, ventilating and lighting systems and equipment
<br />therein, all of which shall be construed and considered as
<br />affixed to and part of the real estate.
<br />All of the foregoing estate, property and in�erest hereby conveyed
<br />to the said Trustee is hereinafter collectively referred to as the
<br />��Property."
<br />TOiHAVE A1VD TO HOLD the same unto the said Trustee, Trustee's
<br />succeasors and assigns torever, IN TRUST HOWEVER and WITH POWER OF
<br />SALE hereby expressly granted unto the said TYUStee, Truatee's
<br />successora., and assigns for the purpose of securing:
<br />(a) The payment of Trustor's just indebtedness to Ben�ficiary
<br />in the principal aum of Tha.rty Thousand Dollars ($30, 000.00) for
<br />money borrowed, with interes� thereon, all as evidenced b�r and in
<br />strict accordance with the terms af that certain promissory note
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