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Return to:
<br />Advantage Title Services, LLC
<br />503 West Koenig St.
<br />Grand Island, NE 68801
<br />DEED OF TRUST
<br />FOR THE PURPOSE OF SECURING:
<br />Lot One (1) and the Easterly Four (4) feet of Lot Two (2), in Block Forty -two (42), Russel
<br />Wheeler's Addition to the City of Grand Island, County of Hall, Nebraska, according to the
<br />recorded plat thereof
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<br />THIS DEED OF TRUST, is made as of the 3o day of December, 2016, by and among,
<br />J & B Rentals, LLC, a Nebraska limited liability company, ( "Trustor "), whose mailing address is PO Box
<br />1042, Grand Island, NE 68802 -1042; Gary D. Byrne, a member of the Nebraska State Bar Association
<br />( "Trustee "), whose mailing address is P.O. Box 929, North Platte, NE 69103 -0929; and Plate Enterprises,
<br />LLC, a Nebraska limited liability company, ("Beneficiary"), whose mailing address is 2209 E. Stolley Park
<br />Rd., Grand Island, NE 68801.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns
<br />to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the real property located in the County ofHall, State
<br />of Nebraska, and legally described as follows (the "Property "):
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in
<br />adjoining roads, streets and alleys, improvements and buildings of any kind situated thereon and all
<br />personal property that may be or hereafter become an integral part of such buildings and improvements,
<br />all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate ".
<br />Y 1 a< a. Payment of indebtedness in the total principal amount of $89,000.00, with interest
<br />thereon, as evidenced by that certain promissory note of even date (the "Note ") with a maturity date of
<br />January 1, 2027, executed 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, and any and all modifications,
<br />C) extensions and renewals thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest
<br />thereon at the rate of 4% and
<br />annum, and
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<br />M c. The performance of Trustor's covenants and agreements.
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<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligation secured hereby are referred to collectively as the
<br />.r;' "Loan Instruments ".
<br />C") i TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
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<br />I. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of,
<br />and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided
<br />in the Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special
<br />assessments of every kind, now or hereafter levied against the Trust Estate or any part thereof directly
<br />without notice or demand as each installment comes due and shall provide the Beneficiary with evidence
<br />of the payment of the same.
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