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<br />THIS DEED OF TRUST, is made on December b , 2000, by and among
<br />Trustor, Denise D. Hesnault and Dion L. Hesnault, wife and husband, (herein
<br />"Borrower "), whose mailing address is P.O. Box 189, Cairo, Nebraska 68824; Michael
<br />L. Offner, Attorney at Law, (herein "Trustee "), whose mailing address is 401 North
<br />Webster, Red Cloud, Nebraska 68970; and Beneficiaries, Doyle L. Brundage and
<br />Peggy Brundage, husband and wife; Darrel E. Brundage and Yvonne Brundage,
<br />husband and wife; and Sherryl A. Saathoff and Larry Saathoff, wife and husband,
<br />(herein "Lenders ").
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<br />FOR VALUABLE CONSIDERATION, including the indebtedness identified herein
<br />and trust herein created, receipt of which is hereby acknowledged, Borrower
<br />irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF
<br />SALE, for the benefit and security of Lenders, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property, described as follows (the "Property"):
<br />Lots (1) and Two (2), Block Four (4), in the Third Addition to the Town of
<br />Cairo, Hall County, Nebraska.
<br />TOGETHER WITH, all buildings, improvements, fixtures, easements, rights,
<br />privileges, appurtenances, located thereon or in anywise pertaining thereto, interests in
<br />adjoining roads, streets and alleys, and the rents issues and profits, additions,
<br />replacements, accessions, reversions and remainders thereof; personal property used
<br />in connection with the real estate and all water rights. The property and the entire
<br />estate and interest conveyed to the Trustee are referred to collectively as the
<br />"PROPERTY ". Borrower covenants that Borrower is lawfully seized of the Property, has
<br />the right to convey the property, that the property is subject only to the encumbrances,
<br />easements or restrictions set forth herein, and that Borrower will warrant and defend
<br />the title to the Property against all claims and demands.
<br />FOR THE PURPOSE OF SECURING:
<br />(a) Payment of indebtedness in the total principal amount of THIRTY THOUSAND AND NO /100
<br />DOLLARS ($30,000.00), with interest thereon as evidenced by certain promissory notes of even date (the
<br />"Notes "), executed by Borrower to each Beneficiary, which has been delivered and is payable to the
<br />order of Lenders, and which by this reference is hereby made a part hereof, and any and all
<br />modifications, extensions and renewals thereof; (b) Payment of all sums advanced by Lenders to
<br />protect the Property, with interest thereon at the default rate provided in the Note; (c) The performance
<br />of all covenants and agreements of Borrower set forth herein; (d) all PRESENT and FUTURE
<br />indebtedness of Borrower to Lenders whether direct, indirect, absolute or contingent; joint, several or
<br />joint and several; and whether arising by note, guaranty, overdraft or otherwise, whether or not such
<br />instrument or obligation refers to this Deed of Trust; and (e) FUTURE ADVANCES made pursuant hereto,
<br />PROVIDED at no time during the term of this Deed of Trust, or any extension thereof, shall the unpaid
<br />and outstanding secured principal and future advances, not including sums advanced by the Mortgagee
<br />to protect the security of this Deed of Trust, exceed 100% of the principal amount of this deed of trust,
<br />(but this provision shall not constitute an obligation upon or commitment of the Lenders to make
<br />additional advances or loans to the Borrower), ALL of which documents are referred to collectively as the
<br />"LOAN INSTRUMENTS ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS: Borrower shall pay when due the principal of, and the
<br />interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in
<br />the Loan Instruments.
<br />2. TAXES: Borrower shall pay each installment of all taxes and special assessments of every
<br />Page 1 of 5 Pages
<br />JANCs \XY4\ DATA \LAND \HESNAULT.DOT12 /14/100
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