Laserfiche WebLink
Page 1 of 5 <br />CO <br />Keturn to: Jamie Mues Jankovitz <br />P.O. Box 639 <br />Grand Island, NE 68802 -0639 <br />DEED OF TRUST <br />THIS DEED OF TRUST is made as of the 1 day of May , 2018, by Jeremy Mader <br />and Allison Mader, husband and wife, ( "TRUSTORS "), whose mailing address is: 3951 N. Webb <br />Rd., Grand Island, Nebraska, 68803; and Jamie Mues Jankovitz, Attorney at Law <br />( "TRUSTEE "), whose mailing address is: 202 W. 3" St., Grand Island, Nebraska, 68802 -0639; <br />and Shana Briggs, whose mailing address is 9826 Gove Circle, Westminster, Colorado, 80031, <br />( "BENEFICIARY "). <br />FOR VALUABLE CONSIDERATION, Trustors irrevocably transfer, convey, and assign <br />to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, <br />under and subject to the terms and conditions of this Deed of Trust, the real property located in Hall <br />County, Nebraska, and legally described as follows: <br />The Northeast Quarter (NE1 /4) of Section Twenty -six (26), Township Twelve (12) <br />North, Range Ten (10) West of the 6t' P.M., Hall County, Nebraska, except a tract of <br />land more particularly described in Document No. 91- 107819. <br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in <br />adjoining roads situated thereon. <br />The property and the entire estate and interest conveyed to the Trustee are referred to <br />collectively as the "Trust Estate ". <br />FOR THE PURPOSE OF SECURING: <br />(a) Payment of indebtedness of the total principal amount of $1,021,000.00, with interest <br />thereon at the rate of 0% per annum, as evidenced by a Promissory Note and Amortization <br />Schedule of even date (the "Note ") with a maturity date of May 1, 2047 executed by <br />Trustors, 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 <br />renewals thereof. <br />(b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest <br />thereon at the rate of 0% per annum, the default rate. <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 <br />as the "Loan Instruments ". <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br />1. PAYMENT OF INDEBTEDNESS. Trustors shall pay when due the principal <br />of, and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums <br />as provided in the Loan Instruments. <br />2. REAL ESTATE TAXES/INSURANCE. Trustors shall pay the annual real <br />estate taxes to the Hall County Treasurer before the taxes become delinquent and shall furnish <br />tax receipts to Beneficiary on or before May 1st and September 1st each year. Furthermore, <br />Trustors shall secure adequate property /casualty insurance coverage securing the property in an <br />adequate amount to cover the outstanding balance of the Note referenced herein. Trustor shall <br />provide Beneficiary with an annual declaration of insurance coverage naming the Beneficiary <br />primary loss payee. In the event that either real estate taxes or insurance coverage are not paid <br />