I see that this motherboard does not support Linux* so I do recommend you to post your inquire in to the Linux* communities forums, someone there might be able to assist you better.
I have seen this behavior on some motherboards where they will freeze during POST if no display is connected. You can confirm if this is the problem by installing a Microsoft* based operating system for testing. Remember to have the latest BIOS installed.
Thank you for your answer, Victor.
I have updated BIOS using bootable USB stick with MS-DOS, it went fine.
I don't own spare distribution of Windows, so I tried to perform boot without connected display from same USB stick. It didn't worked as well, so I can assume it is not fault of the loader, but fault of motherboard hardware or BIOS.
Before next point, I have only used DVI display.
I googled some more on the topic, and found out that someone was able to install linux on it while having display connected to HDMI port, and it continued to boot after display was disconnected.
I tried to boot it with only HDMI display connected, but it won't boot at all, not showing anything to display. More weird, afterwards, I have connected it back to DVI, but now it will power-up display until linux start loading, so I cannot even enter BIOS anymore. Seems that it enters BIOS if I hold F2 during start-up, since OS will not load. But display never leaves power-saving mode.
Do you have thoughts or suggestions?