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Record and return to:
<br />Ronald S. Depue
<br />P.O. Box 460
<br />Grand Island, NE 68802
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<br />Lot One (1), Block One Hundred Ten (110), Railroad Addition to Grand Island,
<br />Hall County, Nebraska.
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST, made this 1 day of 04 , A.D., 2015, by
<br />and between ARCO ENTERPRISES, L.L.C., a Nebraska Limited Liability Company, of Hall
<br />County, Nebraska, hereinafter called "Trustor" (whether one or more), and Ronald S. Depue,
<br />Attorney at Law, of Hall County, Nebraska, hereinafter called "Trustee," and Jesse R. Spike, a
<br />single person, of Hall County, Nebraska, hereinafter called "Beneficiary ";
<br />WITNESSETH, That the Trustor, for good and valuable consideration, including the debt
<br />and trust hereinafter mentioned and created, and the sum of one dollar to Trustor paid by the said
<br />Trustee, the receipt and sufficiency of which is hereby acknowledged, does by these presents,
<br />irrevocably grant, bargain and sell, convey, assign and confirm unto the said Trustee, IN TRUST,
<br />WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the
<br />terms and conditions of this Deed of Trust, the following described real property situated in Hall
<br />County, Nebraska, to -wit:
<br />TOGETHER with and including all and singular the tenements, hereditaments,
<br />appurtenances and privileges thereunto belonging or in anywise appertaining, whether now or
<br />hereafter acquired, which shall include, without limiting the generality of the foregoing, the
<br />following:
<br />All of the rents, issues and profits, including all rents, royalties, bonuses and benefits under any
<br />existing or future oil, gas or mineral or other leases; all easements and rights of way; all
<br />rights of homestead and homestead exemption and any surviving spouse's marital or
<br />distributive share, and all other contingent rights in and to said premises; and
<br />All fixtures, improvements, buildings, and the plumbing, heating, ventilating and lighting systems
<br />and equipment therein, all of which shall be construed and considered as affixed to and part
<br />of the real estate.
<br />All of the foregoing estate, property and interest hereby conveyed to the said Trustee is hereinafter
<br />collectively referred to as the "Property."
<br />TO HAVE AND TO HOLD the same unto the said Trustee, Trustee's successors and
<br />assigns forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly granted
<br />unto the said Trustee, Trustee's successors, and assigns for the purpose of securing:
<br />(a) The payment of Trustor's just indebtedness to Beneficiary in the principal sum of
<br />Eighty Thousand Dollars ($80,000.00) for money borrowed, all as evidenced by and in strict
<br />accordance with the terms of that certain promissory note hereinafter called the "Note ", bearing
<br />even date herewith made payable to the order of Beneficiary, executed by ARCO Enterprises,
<br />L.L.C., a Nebraska Limited Liability Company, and providing for the payment of said indebtedness
<br />in installments, subject to acceleration of maturity on default in the payment of any installment of
<br />principal or interest or in the performance of any covenant, agreement or warranty contained in this
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