201308940 - Laserfiche WebLink

Browse

After recording, return to: Kelly Sheets Five Points Bank of Hastings 2815 Osborne Drive West Hastings NE 68901 Borrowers covenant and agree as follows: Page 1 of 4 a c� cn O ---1 _ w C D 3. ---1 r, 'T1 s CD N (r) DEED OF TRUST This Deed of Trust is made You o w c f j I I " , 2013, among GREGG L. HOLLIDAY and ROXANN S. HOLLIDAY, husband and wife, Trustors, (hereinafter referred to as "Borrowers "), whose address is 1131 Sagewood Ave, Grand Island, Nebraska 68803, DANIEL C. PAULEY, Attorney at Law, PO Box 1044, Hastings, NE 68902 -1044, as Trustee, and NORMAN I. SHEETS and JEANNE A. SHEETS, husband and wife, 300 North Shore Drive, Hastings, Nebraska 68901, as Beneficiaries, (hereinafter referred to as "Lenders "). Borrowers, in consideration of the indebtedness herein created, irrevocably grant and convey to Trustee, in trust, with power of sale, the following described property located in Grand Island, Hall County, Nebraska: Lot Seven (7) Larue Subdivision in the City of Grand Island, Hall County, Nebraska. Together with improvements, fixtures, easements, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents issues and profits, reversions and remainders thereof, all of the foregoing being referred to herein as the "Property;" To secure to Lenders (a) the repayment of the indebtedness evidenced by Borrower's Note dated even date herewith (herein "Note "), in the sum of $142,000.00, providing for monthly installments of principal and interest through November 1, 2015 and a final balloon payment on December 1, 2015; (b) the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and (c) the performance of the covenants and agreements of Borrowers herein contained.