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Return to: Arend R. Baack
<br />PO Box 790
<br />Exi Grand Island NE 68802 -0790
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the 28 day of September, 2016. The Trustor
<br />(whether one or more) is LOCUST STREET, L.L.C., a Nebraska limited liability company,
<br />whose address for purposes of notice in respect to this Deed of Trust is PO Box 1866, Grand
<br />Island, NE 68802 -1866, and who is sometimes identified herein as "Guarantor ". The Trustee is
<br />CHAD L. BOWMAN, Attorney at Law and member of the Nebraska State Bar Association,
<br />whose address is 1045 Lincoln Mall, #100, Lincoln, NE 68508. The Beneficiary is C. A.
<br />DOUTHIT, whose address for purposes of notification under this Deed of Trust is 1608 Ando
<br />Street, Grand Island, NE 68803, and who is sometimes identified herein as "Lender ".
<br />GUARANTOR IRREVOCABLY CONVEYS TO TRUSTEE, IN TRUST, WITH
<br />POWER OF SALE, THE FOLLOWING:
<br />Block Sixteen (16), Pleasant Home Subdivision in the City of Grand Island, Hall
<br />County, Nebraska, EXCEPTING therefrom that portion thereof conveyed to the
<br />City of Grand Island, Nebraska by Warranty Deed recorded as Instrument No.
<br />200316261 as the same is recorded in the Office of the Register of Deeds of Hall
<br />County, Nebraska; and
<br />Part of the Southeast Quarter of the Southeast Quarter (SE1 /4SE1 /4) of Section
<br />Twenty -One (21), Township Eleven (11) North, Range Nine (9) West of the 6
<br />P.M., more particularly described as follows: Commencing at the southeast
<br />corner of Block 16, in Pleasant Home Subdivision in said section; running thence
<br />westerly along and upon the southerly line of said Pleasant Home Subdivision a
<br />distance of 294 feet; thence running southerly, and parallel to the east line of the
<br />SE1 /4SE1 /4 of said Section 21, for a distance of Fifty -Two (52) feet; thence
<br />easterly parallel with the southerly line of said Pleasant Home Subdivision, a
<br />distance of 294 feet; thence northerly Fifty -Two (52) feet to the point of
<br />beginning, EXCEPTING therefrom a certain tract of land more particularly
<br />described in Warranty Deed recorded in Book 153, Page 486 as the same is
<br />recorded in the Office of the Register of Deeds of Hall County, Nebraska;
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges, and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including but not limited to heating
<br />and cooling equipment, and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived; all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust secures performance of a Promissory Note of even date herewith
<br />executed by Kenneth W. Staab and KDMC, L.L.C., an Iowa limited liability company, in favor
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