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<br />After recording return to:
<br />Romatzke Law Office, LLC
<br />PO Box 2529
<br />C Kearney, NE 68848
<br />`. • DEED OF TRUS
<br />2016, , THIS DEED OF TRUST, is made as of the day of May , 2016 by and among,
<br />� Lorena Chavez
<br />Nava, a single person, ( "Trustor "), of Hall County Nebraska; Andrew D. Romatzke, a member of the Nebraska State
<br />Bar Association ( "Trustee "), of Buffalo County, Nebraska; and Rief Development, LLC, a Nebraska limited liability
<br />comapny, ( "Beneficiary"), of Hall County Nebraska.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to
<br />Trustee, IN TRUST, 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 real property located in the County of Hall, State of Nebraska, and
<br />legally described as follows (the "Property"):
<br />Lot 2, Block 3, Lakeview Addition to the City of Grand Island, Hall County, Nebraska
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining
<br />roads, streets and alleys, improvements and buildings of any kind situated thereon and all personal property that may
<br />be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all water
<br />rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively
<br />as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $75,000.00, as evidenced by that
<br />certain promissory note of even date (the "Note ") executed by Trustor, which has been delivered and is payable to
<br />the order of Beneficiary, and which by this reference is hereby made a part hereof, and any and all modifications,
<br />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 further secure the
<br />payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments"
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the indebtedness
<br />evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments A late penalty of 5%
<br />on all amounts due and owing shall apply for each monthly installment received more than fifteen (15) days after the
<br />due date.
<br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special assessments of
<br />every kind, now or hereafter levied against the Trust Estate or any part thereof directly without notice or demand as
<br />each installment comes due and shall provide the Beneficiary with evidence of the payment of the same.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage
<br />insurance insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than
<br />the amount of the unpaid principal balance of the Note (co- insurance not exceeding 80% permitted). Such insurance
<br />policy shall contain a standard mortgage cause in favor of Beneficiary and shall not be cancelable, terminable or
<br />modifiable without ten (10) days prior written notice to Beneficiary. Trustor shall furnish Beneficiary a certificate of
<br />insurance coverage at Beneficiary's request, with a provision in such certificate that the insurer shall provide
<br />Beneficiary ten (10) days advance notice of any cancellation of the policy at any time for any reason, or of expiration
<br />of policy without renewal thereof. Trustor shall promptly repair, maintain, and replace the Trust Estate or any part
<br />thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor
<br />commit waste on or to the Trust Estate.
<br />4. ENVIRONMENTAL COMPLIANCE. Trustor shall comply with all federal, state, and
<br />local environmental laws, ordinances, rules, requirements, regulations, and publications as now existing or hereafter
<br />existing, amended, supplemented, or supplanted relating to the preservation of the environment or the regulation or
<br />control of toxic or hazardous substances or materials. Trustor hereby warrants and represents to Beneficiary that
<br />there are no toxic or hazardous substances or materials on or under the Property. Trustor does hereby indemnify and
<br />hold Beneficiary harmless and any successors to Beneficiary's interest from and against any and all claims, damages,
<br />losses, and liabilities arising in connection with the presence, use, disposal, or transport of any substance which is the
<br />subject of any environmental law, regulation, or control of toxic or hazardous substances or materials on, under,
<br />from, or about the Property. This indemnity shall survive reconveyance of the Property secured by this Trust Deed.
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