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<br />DEED ~F TRUST
<br />THIS DEED OF TRUST is made this I~i~ay of May, 2010, by and among DAVID C. HILL,
<br />a single person, hereinafter referred to as "Trustor", whose mailing address is 304 E Pine Street,
<br />Grand Island, NE 68801; GALEN E. STEHLIK, Attorney at Law, hereinafter referred. to as
<br />"Trustee," whose address is 724 West Koenig Street, Grand Island, NE 68801; and David J. Hill and
<br />Diane I. Hill, as joint teants, whose mailing address is 2565 S. Smokey Hill Road, Hastings, NE
<br />68901, Beneficiary.
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject
<br />to the terms and conditions of this Deed of Trust, the following-described property, located in Hall
<br />County, Nebraska:
<br />Lots Twelve (12) and Thirteen (13), Campbell's Subdivision, Grand Island,
<br />Hall County, Nebraska,
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights,
<br />privileges and appurtenances located thereon ar in any way pertaining thereto, and the rents, issues,
<br />profits, reversions and the remainders thereof, including all such personal property that is attached
<br />to the improvements so as to constitute a fixture, all of which, including replacements and additions
<br />thereto, are hereby declared to be a 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 "Property."
<br />FOR THE PURPOSE OF SECURING:
<br />(a) the payment of indebtedness evidenced by Trustor's note of even date
<br />herewith in the principal sum of Fifty Thousand and no/100 Dollars ($50,000.00),
<br />and any and all renewals, modifications and extensions of such notes, all payments
<br />being payable in accordance with the terms set forth therein and the amortization
<br />schedule attached to the Note.
<br />(b) the performance of each agreement and covenant of Trustor herein
<br />contained; and
<br />(c) the payment of any sum ar sums of money which maybe hereafter paid
<br />or advanced by Beneficiary under the terms of this Deed of Trust, together with
<br />interest thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows:
<br />I . Payment of Indebtedness. To pay when due, the principal ofthe indebtedness evidenced
<br />by the note, charges, fees and all other sums as provided in the loan instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority to execute this
<br />Deed of Trust in respect to the property.
<br />3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other
<br />charges against the property, before the same become delinquent, and, in the event Beneficiary shall
<br />sa require, to add to the payments required under the note secured hereby, such amount as maybe
<br />sufficient to enable Beneficiary to pay such taxes, assessments or other charges as they become due.
<br />c
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate
<br />described herein insured against damage by fire and such other hazards as Beneficiary may require,
<br />
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