|
nn
<br />rn
<br />-n - N
<br />n z
<br />CJ
<br />rn D
<br />n *
<br />T 2
<br />'I) a
<br />r)
<br />(-7
<br />Lr
<br />:
<br />r
<br />cD
<br />rV
<br />0)
<br />W
<br />Return To:
<br />Denise Myers
<br />P.O.Box 505
<br />Cairo, NE 68824
<br />TRUST DEED
<br />THIS DEED OF TRUST is made on December / , 2018. The Trustor is Tophat
<br />Properties, L.L.C., A Nebraska Limited Liability Company, (hereinafter "Borrower"). The Trustee
<br />is Denise D. Myers, of Myers Law Office, 415 S. High St., P.O. Box 505, Cairo, Nebraska 68824,
<br />("Trustee"). The beneficiary is J & B Rentals, L.L.C., A Nebraska Limited Liability Company,
<br />(Hereinafter, "Lender"). Borrower owes Lender the principal sum of One Hundred Ten Thousand
<br />and 00/100 Dollars ($110,000.00). This debt is evidenced by Borrower's note dated the same date
<br />as this Security Instrument ("Note"), which provides for payment of principal, plus accrued interest
<br />in monthly payments. The Deed of Trust (sometimes referred to herein as "security instrument")
<br />secures to Lender: (a) the repayment of the debt evidenced by the Note, and all renewals,
<br />extensions and modifications; (b) the payment of all other sums advanced under paragraph 4 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />The West Thirty Three Feet (W 33.0')of Lot Four (4), Block Eight (8), Kernohan &
<br />Decker's Addition to the City of Grand Island, Hall County, Nebraska.
<br />Lot One (1), Schmidt Subdivision to the City of Grand Island, Hall County,
<br />Nebraska.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed
<br />and has the right to grant and convey the Property and that the Property is unencumbered.
<br />Borrower warrants and will defend generally the title to the Property against all claims and
<br />demands, subject to any encumbrances of record.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal; Prepayment and Late Charges. Borrower shall promptly pay when
<br />due the principal on the debt evidenced by the Note and any prepayment and late charges due
<br />under the Note. Prepayment of principal or any part thereof, shall not be allowed without the prior
<br />written consent of Lender.
<br />2. Charges; Liens. Borrower shall pay all real estate taxes and assessments attributable
<br />to the Property which may attain priority over this Security Instrument, and leasehold payments or
<br />ground rents, if any.
<br />Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the
<br />lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against
<br />enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br />enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of
<br />the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If
<br />Lender determines that any part of the Property is subject to a lien which may attain priority over
<br />this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall
<br />satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of
<br />notice.
<br />3. Hazard Insurance. If required by Lender, Borrower shall keep any improvements now
<br />existing or hereafter erected on the Property insured against loss by fire, wind, or other natural
<br />1
<br />
|