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<br />THIS DEED OF TRUST is made as of the �S day of February, 2011, by and ���;�
<br />among DENNIS J. RAUERT and KELLEY RAUERT; husband and wife, ("TRUSTURS"),
<br />whose mailing address is: 4524 North Monitor Road, Grand island, NE 68803;
<br />and DUANE A BURNS, Attarney, ("TRUSTEE"), wl�ose mailing address is: P. O. Box
<br />2300, Grand Island, Nebraska 68802;
<br />and Rick D. Rauert and Patricia A. Rauert, husbanc� and wife, ("BENEFICIARIES"),
<br />whose maiNng address is: 502� White Claud Road, C�ran�l Island, Nebraska 68803.
<br />FOR VALUABLE C�NSIDER/aTION, Trustors irrevocably transfer, canvey, and
<br />assign fio Trustee, IN TRUS WI POWER OF SALE, far tPie bPnefit and security of
<br />Beneficiaries, uncier and subjecfi to the terrns and con�itions of this Ueed of Trust, the reaf
<br />praperty located in the County of Hall, State of Nebrasfca, and legally clescribed as
<br />follows: (the "Property"}:
<br />Lot One (1) L& J Rauert Suk�division, HaN Coun#y, Nebraska
<br />TOGETHER WITH all rents, easements, appurt�nances, hereditaments, interests
<br />in adjoining roads and streets, improvements and buiidings of any kind situated hereon
<br />and all personal property that my be or hereaffer becc�rne an integraf part of such
<br />buildings and impravements.
<br />Tha property and the entire estate and interest canveyed to the Tr�.�stees is
<br />referred to collectively as ti�e "Trust Estate".
<br />FOR THE PURPOSE OF SECl1RING:
<br />a. Payment of indebtedness in the tofia) principal amount of $68,200.Q0, with
<br />interest thereon, as evidenced by that certain Prornissory Note of even date (the "Note")
<br />with a rnaturity date of December 1, 2Q21, executed by Trustars, wt�ich has been
<br />delivered anc� is payable to the order of Beneficiaries, and which by this reference is
<br />hereby made a part hereof, and any and all modifications, extensians and renewals
<br />thereof, and,
<br />b. Payment of ali surns advanced k�y Berieficiaries to protect the l Estate, with
<br />interest thereon at the rate of teri (10%) percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or turther
<br />secure the payment and perFormance of aray obligatic�n secc�red hereby are referred to
<br />collectively as the "Loan Instr�.nnents".
<br />TO PROTECT TNE SECtJRITY (�F TfiIS [:)E�D C)F TRUST:
<br />I. PAYMENT OF INDESTEUNESS. Trustors shall �ay wfien due the principal of,
<br />and the interest on, the indebtec�ness evidenced by tl�e Note, charges, fees and all other
<br />sums as provided in the Loan Ir�struments.
<br />2. REAL ESTATE TAXES. "Trustors shaN pay the annual real estate taxes to the
<br />Hall Counfy Treasurer before tt�e taxes became delin<�ueni ai�� shall furnish tax receipts
<br />
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