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<br />DEED OF TRUST
<br />(Short Form) I .5. 50
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: that T.W. FRIESEN, LLC., a Nebraska Limited
<br />Liability Corporation, hereinafter referred to as the "Trustor", to secure a Finance Agreement bearing
<br />even date herewith for a combined principal amount of NINETY ONE THOUSAND FOUR DOLLARS
<br />AND 94 /00 ($91.004.94) payable to the order of AXIS CAPITAL, INC., hereinafter referred to as the
<br />"Beneficiary", providing for the payment of the entire principal balance, together with interest, in SIXTY-TWO
<br />(62) combined monthly installments as follows; one payment at FIFTY DOLLARS AND NOll 00 ($50.00), one
<br />payment at FIVE HUNDRED DOLLARS AND NOIlOO ($500.00), fifty nine payments at TWO THOUSAND
<br />DOLLARS AND 00/100 ($2,000.00) and one payment of SEVENTEEN THOUSAND TWO HUNDRED SIXTY
<br />SEVEN DOLLARS and 51/l00 until May of 2013, at which time all principal and interest provided for by the
<br />transactions on the Agreement shall have been paid, do hereby grant and convey unto AREND R. BAACK,
<br />Attorney at Law, the "Trustee", the following-described property:
<br />
<br />LOT ONE (1), IN BLOCK TEN (10), IN JOEHNCK'S ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />TO HAVE AND TO HOLD the same, together with all appurtenances, in trust nevertheless, and in case
<br />of default in the payment of said Note or any part thereof or interest thereon or in the performance of any
<br />covenant hereinafter set fourth, then the Trustee shall have the power to sell the above-described property, and
<br />upon request of the Beneficiary, the Trustee shall file for record in the Register of Deeds' Office of HALL County,
<br />NEBRASKA, a Notice of Default, setting forth that a breach of an obligation, for which the said property was
<br />conveyed as security, has occurred, and setting forth the nature of such breach and the Trustee's election to sell
<br />the property to satisfy the obligation; and after the lapse of not less than on (1) month, the Trustee shall give
<br />written notice of the time and place of sale which may be between 9:00 a.m. and 5:00 p.m. at the premises, or at
<br />HALL County, NEBRASKA, once a week for five (5) consecutive weeks, the last publication to be at least ten (10)
<br />days but not more than thirty (30) days prior to the sale; and the Trustee shall then sell said property at the time
<br />and place designated in the Notice, in the manner provided by law in effect at the time of filing said Notice, and
<br />public auction to the highest bidder for cash and shall deliver to such purchaser a deed to the property sold,
<br />consistent with the law in effect at that time. Additionally, Trustee shall mail Trustor a copy of any Notice of
<br />Default and Notice of Sale hereunder upon default addressed to them at 4134 WEST FAIDLEY A VENUE GRAND
<br />ISLAND. NE 68803. Out of the proceeds of said sale, the Trustee shall retain and pay first all fees, charges and
<br />costs of sale and all monies advanced in the exercise of the power of sale, including the payment of the Trustee's
<br />fees actually incurred, and pay second the obligations secured by this Deed of Trust; and the balance, if any, shall
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