Laserfiche WebLink
{L0550262.1} <br />For the purpose of securing: <br />r4 <br />YIN <br />or <br />t <br />AE r- <br />To protect the security of this deed of trust: <br />2. Payment of Indebtedness: Covenant of Title. <br />u <br />ft <br />DEED OF TRUST <br />necuru and Return to: <br />Little B's Corp C% <br />4444 W 13th St, brand Island , NE 68803 f <br />THIS DEED OF TRUST is made as of the 20 day of December, 2013, by and among Oseka <br />Homes LLC., whose mailing address is _3524 Farmstead Road Grand Island, NE. 68801 ( "Trustor "), <br />and,C3 t iel/Iilkid /A( swift i, a licensed business operating in the State of Nebraska, whose mailing address <br />'s 704 W. 3r Street, Grand Island, NE. 68801 ( "Trustee "), and Little B's Corporation, a Nebraska <br />F corporation, having an address of 4444 W. 13 Street, Grand Island, NE. 68803 ( "Beneficiary"). <br />idelity National Title Insurance Company <br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to <br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the <br />terms and conditions of this Deed of Trust, the real property located in Hall County, Nebraska, and legally <br />described as follows: <br />Lot 6, Block 2, Summerfield Estates 8th Subdivision to the City of <br />Grand Island, Hall County, Nebraska, <br />together with all rents, easements, appurtenances, hereditaments, interest in adjoining roads, streets, <br />alleys, improvements, buildings of any kind situated thereon, and all personal property that may be or <br />hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all <br />water and mineral rights. <br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively <br />as the "Trust Estate ". <br />(a) The payment of indebtedness in the total principal amount of Thirty - <br />Eight Thousand Dollars and 00 / 100 ($38,000.00), as evidenced by <br />that certain promissory note of even date herewith (the "Note ") executed <br />by Trustor, which has been delivered and is payable to the order of <br />Beneficiary, and which by this reference is hereby made a part hereof, <br />and any and all modifications, extensions, and renewals thereof; and <br />(b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, <br />with interest thereon at the default rate provided in the Note. <br />(c) Performance of all of Trustor's obligations under the Purchase <br />Agreement entered into by and between Trustee and Beneficiary and <br />dated as of the 20 day of December, 2013 (the "Purchase Agreement "). <br />This Deed of Trust, the Note, the Guaranty Agreement of even date herewith, and any other <br />instrument given to evidence or further secure the payment and performance of any obligation secured <br />hereby are referred to collectively as the "Loan Instruments ". <br />(a) Trustor shall pay when due the principal of, and the interest on, the <br />indebtedness evidenced by the Note, charges, fees, and all the sums as <br />provided in the Loan Instruments. <br />(b) Trustor hereby covenants with Beneficiary that Trustor is lawfully seised <br />of the property hereby conveyed, that Trustor warrants and will defend <br />the title to the Property against the lawful claims of all persons <br />whomsoever, that Trustor has the right to grant and convey the Property, <br />and that the Property is unencumbered by any mortgage, trust deed, <br />and/or contract to purchase. <br />