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<br />This Deed of Trust is made this 6th day of June, 2002, by Darrell K. Fokken, and Virginia M.
<br />Fokken, TRUSTOR, whose address is 1425 South Harrison, Grand Island, Nebraska 68801.
<br />BENEFICIARY:
<br />Benjamin W. Hunt & Jacqueline A. Hunt
<br />818 North California
<br />Hastings, NE 68901
<br />TRUSTEE:
<br />Michael E. Sullivan, Attorney
<br />Burlington Center Suite 305
<br />747 North Burlington Avenue
<br />P.O. Box 43
<br />Hastings, NE 68902
<br />WITNESSETH:
<br />1. Conveyance. The Trustor hereby conveys, sells and warrants to the Trustee, in trust,
<br />with power of sale, the following described real estate:
<br />Lot One (1), Block Two (2), Normandy Estates, Hall County,
<br />Nebraska,
<br />the intention being to convey hereby an absolute title in fee simple, together with all buildings, fixtures,
<br />improvements and appurtenances thereunto belonging.
<br />The Truster covenants and agrees with the said Trustee and Beneficiary that it is lawfully
<br />seized of said premises; that Trustor has good, right and lawful authority to sell and convey said
<br />premises; that said premises are free and clear of all liens and encumbrances; and that Truster will
<br />warrant and defend title to said premises unto the Trustee and its successors and assigns forever against
<br />the claims of all persons.
<br />2. Trustor's Primary Obligation: For the purpose of securing performance of each
<br />agreement of Trustor herein contained and the payment of Ten Thousand Dollars ($10,000.00), upon the
<br />terms set forth in a written Promissory Note bearing even date herewith.
<br />3. Trustor's Secondary Rights and Duties: While title is vested in Trustee and until filing
<br />of Notice of Default, the Trustor shall:
<br />A. Retain possession of the premises and collect the rents and revenues therefrom.
<br />B. Maintain the buildings and improvements located thereon in good condition and
<br />repair and shall not remove or sell the same without the written consent of the
<br />beneficiary which shall not be unreasonably withheld.
<br />C. Procure and maintain policies of insurance against the usual hazards of fire, hail,
<br />windstorm and other similar risks, in sums and underwritten by companies
<br />acceptable to the Beneficiary, with loss payable to the parties as their interests
<br />may appear, and deliver copies of such policies to said Beneficiary. Said
<br />insurance policies shall be in an amount of not less than the balance due on any
<br />promissory note or notes secured hereby, and shall name the Beneficiary as an
<br />additional insured thereunder.
<br />D. Pay all taxes and assessments against the above - described real estate prior to
<br />delinquency.
<br />E. Upon request of Beneficiary, Truster shall pay to Beneficiary each month such
<br />amount as is determined by the Beneficiary to be necessary to enable the
<br />Beneficiary to have sufficient funds on hand to satisfy the Trustor's obligation
<br />for insurance premiums, taxes, and assessments.
<br />4. Default: Truster covenants and agrees that its failure to make any payment of either
<br />principal or interest on the Promissory Note secured hereby when due and payable, or of its failure to
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<br />DEED OF TRUST
<br />This Deed of Trust is made this 6th day of June, 2002, by Darrell K. Fokken, and Virginia M.
<br />Fokken, TRUSTOR, whose address is 1425 South Harrison, Grand Island, Nebraska 68801.
<br />BENEFICIARY:
<br />Benjamin W. Hunt & Jacqueline A. Hunt
<br />818 North California
<br />Hastings, NE 68901
<br />TRUSTEE:
<br />Michael E. Sullivan, Attorney
<br />Burlington Center Suite 305
<br />747 North Burlington Avenue
<br />P.O. Box 43
<br />Hastings, NE 68902
<br />WITNESSETH:
<br />1. Conveyance. The Trustor hereby conveys, sells and warrants to the Trustee, in trust,
<br />with power of sale, the following described real estate:
<br />Lot One (1), Block Two (2), Normandy Estates, Hall County,
<br />Nebraska,
<br />the intention being to convey hereby an absolute title in fee simple, together with all buildings, fixtures,
<br />improvements and appurtenances thereunto belonging.
<br />The Truster covenants and agrees with the said Trustee and Beneficiary that it is lawfully
<br />seized of said premises; that Trustor has good, right and lawful authority to sell and convey said
<br />premises; that said premises are free and clear of all liens and encumbrances; and that Truster will
<br />warrant and defend title to said premises unto the Trustee and its successors and assigns forever against
<br />the claims of all persons.
<br />2. Trustor's Primary Obligation: For the purpose of securing performance of each
<br />agreement of Trustor herein contained and the payment of Ten Thousand Dollars ($10,000.00), upon the
<br />terms set forth in a written Promissory Note bearing even date herewith.
<br />3. Trustor's Secondary Rights and Duties: While title is vested in Trustee and until filing
<br />of Notice of Default, the Trustor shall:
<br />A. Retain possession of the premises and collect the rents and revenues therefrom.
<br />B. Maintain the buildings and improvements located thereon in good condition and
<br />repair and shall not remove or sell the same without the written consent of the
<br />beneficiary which shall not be unreasonably withheld.
<br />C. Procure and maintain policies of insurance against the usual hazards of fire, hail,
<br />windstorm and other similar risks, in sums and underwritten by companies
<br />acceptable to the Beneficiary, with loss payable to the parties as their interests
<br />may appear, and deliver copies of such policies to said Beneficiary. Said
<br />insurance policies shall be in an amount of not less than the balance due on any
<br />promissory note or notes secured hereby, and shall name the Beneficiary as an
<br />additional insured thereunder.
<br />D. Pay all taxes and assessments against the above - described real estate prior to
<br />delinquency.
<br />E. Upon request of Beneficiary, Truster shall pay to Beneficiary each month such
<br />amount as is determined by the Beneficiary to be necessary to enable the
<br />Beneficiary to have sufficient funds on hand to satisfy the Trustor's obligation
<br />for insurance premiums, taxes, and assessments.
<br />4. Default: Truster covenants and agrees that its failure to make any payment of either
<br />principal or interest on the Promissory Note secured hereby when due and payable, or of its failure to
<br />Page 1 of 4
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