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IN CONSIDERATION OF the sum lent to the Trustor by the Beneficiary, in the amount of $12,000.00 U.S. DOLLARS (the "Principal Amount ") the receipt of which the Trustor does hereby acknowledges itself indebted, the parties to this Trust agree as follows: 201701707 U.C.C. Security Agreement 1. It is agreed that if any of the Property herein trusted is of a nature so that a security interest in the Property can be perfected under the Uniform Commercial Code, this instrument will constitute a Security Agreement and Trustor agrees to join with the Beneficiary in the execution of any financing statements and to execute any and all other instruments that will be required for the perfection or renewal of such security interest under the Uniform Commercial Code. Governing Law 2. This Trust will be governed by both the law of Nebraska and any applicable federal law ( "Applicable Law "). All rights and obligations contained in this Trust are subject to any requirements and limitations of Applicable Law. MATTERS RELATING TO PAYMENT Promise to Pay 3. The Trustor, for value received, promises to pay to the Beneficiary, on demand, the Principal Amount, and all fees and costs on the terms set out in this Trust or in any amendment, extension or renewal of the Trust and any additional amounts secured by this Trust on the terms elsewhere provided for such debts and liabilities. 4. The Loan will be repaid on the following terms: a. The Principal be repaid on December 31, 2017 or upon sale of property whichever occurs first. 5. The Beneficiary will collect and hold the Funds in accordance with the Real Estate Settlement Procedures Act (the "RESPA "). The Beneficiary will reasonably estimate the amount of Funds due in accordance with Applicable Law. 6. If there is a surplus of Funds held in escrow, the Beneficiary will provide the Trustor with the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, the Beneficiary will notify the Trustor as required by the RESPA, and the Trustor will pay to the Beneficiary the amount necessary to make up the shortage in accordance with the RESPA. 7. In addition to the cash loan that is bound by this Deed of Trust it is also acknowledged that Beneficiary has an option to purchase said property for $65,000 and has made a $2500 deposit toward that option to purchase. 8. Beneficiary has also made significant property improvements since the signing of the option to purchase. Should option to purchase be withdrawn or revoked by Trustor the deposit of $2500 and building improvement costs of 8,000 will also be due and payable to the Beneficiary.