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THIS DEED OF TRUST is made as of May 21, 2001, b and among Red Wolf, Inc. a Nebraska corporation the���
<br />Y g rP ( C\
<br />"Trustor "), whose mailing address is 123 East South Front Street, Grand Island, Nebraska 68801; Alan D. Slattery,
<br />attorney at law ( "Trustee "), whose mailing address is 1201 Lincoln Mall, Suite 102, Lincoln, Nebraska 68508; and Jack (�
<br />A. Luth and Porky's Pub, Inc., a Nebraska corporation (collectively the "Beneficiary"), whose mailing address is 2016
<br />North Howard, Grand Island, Nebraska 68803.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST,
<br />WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of
<br />this Deed of Trust, the real property located in Grand Island, Hall County, Nebraska, and legally described as follows (the
<br />"Property "):
<br />Parcel 1: The Northerly One Hundred and Five Tenths (N 100.5) feet of the Easterly Two - Thirds (E 2/3s) of Lot
<br />One (1), in Block Fifty Four (54), Original Town of Grand Island, Hall County, Nebraska; and
<br />Parcel 2: The Southerly Thirty One and Nine - Tenths (S 31.9) feet of the Easterly Two - Thirds (E 2/3s) of Lot One
<br />(1), in Block Fifty Four (54), Original Town of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys,
<br />improvements and buildings of any kind situated thereon, and all personal property that may be or hereafter become an
<br />integral part of such buildings and improvements, all crops raised thereon, and all water and mineral rights.
<br />Estate."
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust
<br />FOR THE PURPOSE OF SECURING:
<br />(a) Payment of indebtedness in the total principal amount of Two Hundred Seventy Thousand Dollars ($270,000),
<br />with interest thereon, as evidenced by that certain promissory note of even date herewith (the "Note ") with a maturity date
<br />of May 21, 2006, executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by
<br />this reference is hereby made a part hereof, and any and all modifications, extensions and renewals thereof; and
<br />(b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of
<br />fifteen percent (15 %) per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secured hereby are referred to collectively as the "Loan Instruments."
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. Payment of Indebtedness; Covenant of Title.
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of May 21, 2001, b and among Red Wolf, Inc. a Nebraska corporation the���
<br />Y g rP ( C\
<br />"Trustor "), whose mailing address is 123 East South Front Street, Grand Island, Nebraska 68801; Alan D. Slattery,
<br />attorney at law ( "Trustee "), whose mailing address is 1201 Lincoln Mall, Suite 102, Lincoln, Nebraska 68508; and Jack (�
<br />A. Luth and Porky's Pub, Inc., a Nebraska corporation (collectively the "Beneficiary"), whose mailing address is 2016
<br />North Howard, Grand Island, Nebraska 68803.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST,
<br />WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions of
<br />this Deed of Trust, the real property located in Grand Island, Hall County, Nebraska, and legally described as follows (the
<br />"Property "):
<br />Parcel 1: The Northerly One Hundred and Five Tenths (N 100.5) feet of the Easterly Two - Thirds (E 2/3s) of Lot
<br />One (1), in Block Fifty Four (54), Original Town of Grand Island, Hall County, Nebraska; and
<br />Parcel 2: The Southerly Thirty One and Nine - Tenths (S 31.9) feet of the Easterly Two - Thirds (E 2/3s) of Lot One
<br />(1), in Block Fifty Four (54), Original Town of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys,
<br />improvements and buildings of any kind situated thereon, and all personal property that may be or hereafter become an
<br />integral part of such buildings and improvements, all crops raised thereon, and all water and mineral rights.
<br />Estate."
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust
<br />FOR THE PURPOSE OF SECURING:
<br />(a) Payment of indebtedness in the total principal amount of Two Hundred Seventy Thousand Dollars ($270,000),
<br />with interest thereon, as evidenced by that certain promissory note of even date herewith (the "Note ") with a maturity date
<br />of May 21, 2006, executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by
<br />this reference is hereby made a part hereof, and any and all modifications, extensions and renewals thereof; and
<br />(b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of
<br />fifteen percent (15 %) per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secured hereby are referred to collectively as the "Loan Instruments."
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. Payment of Indebtedness; Covenant of Title.
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