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200102018 <br />Trustors: Grand West LLC <br />P.O. Box 609 <br />3303 West 12th <br />Hastings, NE 68901 <br />Trustee: Anna L. Stehlik <br />Attorney at Law (# 15621) <br />P.O. Box 609 <br />3303 West 12th <br />Hastings, NE 68902 <br />Beneficiary: Morrison Enterprises <br />P.O. Box 609 <br />3303 West 12th <br />Hastings, NE 68902 <br />Consideration: Purchase of Real Estate and Construction <br />Of Improvements thereon - $900,000.00 <br />Trustor, in consideration of the sum of $900,000.00, receipt of which is hereby <br />acknowledged, conveys to Trustee, in trust, with power of sale, the following described <br />real estate (as defined in Neb. Rev. Stat. § 76 -201) described on Exhibit A attached to <br />and made a part of this Trust Deed: <br />This is a Purchase Money Trust Deed <br />All of the real estate described on Exhibit A attached to this Trust Deed is referred <br />to in this Trust Deed as the "Property ". <br />Trustor covenants that Trustor is lawfully seised of such Property and that it is <br />free from encumbrance, subject, however, to patent reservations, existing roads, any <br />outstanding oil and gas or other mineral leases, and to existing easements of use or of <br />record; that Trustor has legal power and lawful authority to execute this Trust Deed; and <br />Trustor warrants and will defend title to the Property against the lawful claims of all <br />persons. <br />Trustor and Beneficiary covenant and agree as follows: <br />Payment of Note. Trustor shall promptly pay when due the principal of and <br />interest on the debt evidenced by this Trust Deed and Promissory Note dated May <br />5, 2000, together with all sums advanced by Beneficiary to protect the Property, <br />with interest thereon at the default rate provided in the Promissory Note. <br />2. Taxes & Assessments. Trustor will pay all real estate taxes levied on the <br />Property, including any tax levied on the debt secured hereby, when they become <br />due and before they become delinquent. <br />