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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made this /_3 day of March, 2000,
<br />v
<br />by and among KYLE SAWYERS and HOLLY SAWYERS, husband and wife,
<br />herein referred to as "Trustor ", whose mailing address is 4066
<br />Palace Drive, Grand Island, Nebraska 68803; BRUCE I. SMITH,
<br />Attorney -at -Law, hereinafter referred to as "Trustee ", whose
<br />mailing address is P. 0. Box 790, Grand Island, Nebraska 68802;
<br />and K & M HOLLISTER, INC., a Nebraska corporation, hereinafter
<br />referred to as "Beneficiary ", whose mailing address is 3710
<br />Platte River Drive, Doniphan, Nebraska 68832.
<br />For valuable consideration, Trustor irrevocably grants,
<br />transfers, conveys and assigns to Trustee, in trust, with power
<br />Of sale, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the
<br />Trustor's interest in the following- described property located in
<br />Hall County, Nebraska, to -wit:
<br />Lot Three (3), Amick Acres West Subdivision,
<br />Hall County, Nebraska,
<br />together with all improvements, fixtures and appurtenances
<br />located thereon or in any way pertaining thereto, and the rents,
<br />issues, profits, reversions and the remainders thereof, including
<br />all such personal property that is attached to the improvements
<br />so as to constitute a fixture, all of which, including
<br />replacements and additions thereto, are hereby declared to be a
<br />part of the real estate conveyed in trust hereby, it being agreed
<br />that all of the foregoing shall be hereinafter referred to as the
<br />"Property ".
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by
<br />Trustor's note of even date herewith in the prin-
<br />cipal sum of TWENTY THOUSAND AND NO /100 DOLLARS
<br />($20,000.00), together with interest at the rate
<br />provided therein, or the principal and interest on
<br />any future advance not to exceed the total
<br />principal sum initially secured hereby as
<br />evidenced by promissory notes stating they are
<br />secured hereby, and any and all renewals, modifi-
<br />cations and extensions of such notes, both princi-
<br />pal and interest on the notes being payable in
<br />accordance with the terms set forth therein, which
<br />by this reference is hereby made a part hereof;
<br />(b) the performance of each agreement and
<br />covenant of Trustor herein contained; and
<br />(c) the payment of any sum or sums of money
<br />which may be hereafter paid or advanced by Benefi-
<br />ciary under the terms of this Deed of Trust, to-
<br />gether with interest thereon at the rate provided
<br />in the note.
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