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Return To: Denise D. Myers
<br />611 N. Diers Ave., Ste 1
<br />Grand Island, NE 68803
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<br />TRUST DEED
<br />THIS DEED OF TRUST is made on June 28, 2013. The Trustor is JAYNS, L.L.C., a
<br />Nebraska Limited Liability Company, (hereinafter "Borrower "). The Trustee is Denise D. Myers,
<br />of Myers & Daugherty, 611 N. Diers Ave., Ste. 1, Grand Island, Nebraska 68803, ( "Trustee "). The
<br />beneficiary is JoAnn Meyer, Trustee of the JoAnn Meyer Revocable Trust, 409 Rosewood Circle,
<br />Grand Island, NE 68803, ( "Lender "). Borrower owes Lender the principal sum of One Hundred
<br />Fifty Thousand and 00/100 Dollars ($150,000.00). This debt is evidenced by Borrower's note dated
<br />the same date as this Security Instrument ( "Note "), which provides for payment of principal, plus
<br />accrued interest in monthly payments, with a balloon payment at the end of five years. The Deed
<br />of Trust (sometimes referred to herein as "security instrument ") secures to Lender: (a) the
<br />repayment of the debt evidenced by the Note, and all renewals, extensions and modifications; (b)
<br />the payment of all other sums advanced under paragraph 4 to protect the security of this Security
<br />Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose,
<br />Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property located in Hall County, Nebraska:
<br />Lot Six (6), and the North Half of Lot Seven (7), Block Twenty Two (22),
<br />Packer and Barr's Second Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property ".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed
<br />and has the right to grant and convey the Property and that the Property is unencumbered.
<br />Borrower warrants and will defend generally the title to the Property against all claims and
<br />demands, subject to any encumbrances of record.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal; Prepayment and Late Charges. Borrower shall promptly pay when
<br />due the principal on the debt evidenced by the Note and any prepayment and late charges due
<br />under the Note. Prepayment of principal or any part thereof, shall be allowed without the prior
<br />written consent of Lender.
<br />2. Charges; Liens. Borrower shall pay all real estate taxes and assessments attributable
<br />to the Property which may attain priority over this Security Instrument, and leasehold payments or
<br />ground rents, if any.
<br />Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the
<br />lien in a manner acceptable to Lenders; (b) contests in good faith the lien by, or defends against
<br />enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br />enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of
<br />the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If
<br />Lender determines that any part of the Property is subject to a lien which may attain priority over
<br />this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall
<br />satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of
<br />notice.
<br />3. Hazard Insurance. If required by Lender, Borrower shall keep any improvements now
<br />existing or hereafter erected on the Property insured against loss by fire, wind, or other natural
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