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201401514
<br />EXHIBIT B
<br />DEED OF TRUST
<br />KNOW ALL MEN BY THESE PRESENTS: that Bradley S. Hand and Debra L. Hand,
<br />husband and wife, hereinafter referred to as 'Trustors ", to secure a note of even date
<br />herewith for the principal amount of One Hundred Forty Two Thousand Five Hundred
<br />Dollars ($142,500.00) payable to the order of Library Restaurant and Lounge, Inc. and /or
<br />Curtis and Richelle Cellar (as set forth in the Deed of Trust Note referenced hereafter),
<br />husband and wife, as joint tenants, 4220 Shanna Street, Grand Island, Nebraska 68803,
<br />hereinafter referred to as "Beneficiary", providing for payment of the entire principal
<br />balance in accordance with a Deed of Trust Note executed on Mar C(' /7 , 2014, do
<br />hereby grant and convey unto Steven W. Dowding, attorney at law, the "Trustee", the
<br />following described property:
<br />The Southerly One Hundred Eighteen (118) Feet of Lot Two (2),
<br />Block One (1) of Dickey's Subdivision, in the City of Grand
<br />Island, Hall County, Nebraska.
<br />TO HAVE AND TO HOLD the same, together with all appurtenances, in trust
<br />nevertheless, and in case of default in the payment of said Note or any part thereof or
<br />interest thereon or in the performance of any covenant hereinafter set forth, then the
<br />Trustee shall have the power to sell the above - described property, and upon request of
<br />the Beneficiary, the Trustee shall file for record in the Register of Deed's Office of Hall
<br />County, Nebraska, a Notice of Default, setting forth that a breach of an obligation for
<br />which the said property was conveyed as security has occurred, and setting forth the
<br />nature of such breach and the Trustee's election to sell the property to satisfy the
<br />obligation; and after the lapse of not less than one (1) month, the Trustee shall give written
<br />notice of the time and place of sale which may be between 9:00 a.m. and 5:00 p.m. at
<br />the premises, or at the Hall County Courthouse, and particularly describing the property to
<br />be sold, said Notice to be published in a newspaper of a general circulation in Hall
<br />County, Nebraska, once a week for five (5) consecutive weeks, the last publication to be
<br />at least ten (10) days but not more than thirty (30) days prior to the sale; and the Trustee
<br />shall then sell said property at the time and place designated in this Notice, in the manner
<br />provided by law in effect at the time of filing said notice, at public auction to the highest
<br />bidder for cash, and shall deliver to such purchaser a deed to the property sold consistent
<br />with the law in effect at that time. Additionally, Trustors hereby request that Trustee shall
<br />mail Trustors a copy of any Notice of Default and Notice of Sale hereunder upon default
<br />addressed to them at 116 South Hadley Avenue, P.O. Box 244, Giltner, Nebraska 68841.
<br />Out of the proceeds of said sale, the Trustee shall retain and pay first all fees, charges, and
<br />costs of sale, and all monies advanced in the exercise of the power of sale, including the
<br />payment of the Trustee's fees actually incurred, and pay second the obligations secured
<br />by this Deed of Trust; and the balance, if any, shall be paid to the person or persons legally
<br />entitled thereto. Any person, including the Beneficiary, may purchase said property at
<br />such sale.
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