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<br />DEED OF TRUST
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<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />THIS DEED OF TRUST, is made as of the . day of 2014, by and
<br />among, Steven D. Hanquist and Debra F. Hanquist, husband and wife, ( "Trustor "), whose
<br />mailing address is 3532 Schroeder Ave, Grand Island NE 68803; Gary D. Byrne, a member of
<br />the Nebraska State Bar Association ( "Trustee "), whose mailing address is P.O. Box 929, North
<br />Platte, Nebraska, 69103 -0929; and Richard E. Rief and Karol L.M. Rief, husband and wife,
<br />( "Beneficiary"), whose mailing address is 221 Lakeside Drive, Grand Island, NE 68801
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in the County of Lincoln, State of Nebraska, and legally described as follows
<br />(the "Property "):
<br />Lots Six (6), Seven (7), Eight (8), and Nine (9), Block Eight (8), in Rollins Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests
<br />in adjoining roads, streets and alleys, improvements and buildings of any kind situated thereon
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<br />and all personal property that may be or hereafter become an integral part of such buildings
<br />and improvements, all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are
<br />referred to collectively as the "Trust Estate ".
<br />rri FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $255,000.00, as
<br />C#) evidenced by that certain promissory note of even date (the "Note ") with a maturity date of
<br />October 1, 2020, executed by Trustor, which has been delivered and is payable to the order of
<br />Beneficiary, and which by this reference is hereby made a part hereof, and any and all
<br />modifications, extensions and renewals thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or
<br />further secure the payment and performance of any obligation secured hereby are referred to
<br />collectively as the "Loan Instruments ".
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal
<br />of and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums
<br />as provided in the Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special
<br />assessments of every kind, now or hereafter levied against the Trust Estate or any part thereof
<br />directly without notice or demand as each installment comes due and shall provide the
<br />Beneficiary with evidence of the payment of the same,
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