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<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 Tune /9 , 2020. The Trustor is JAYNS,
<br />L.L.C., a Nebraska Limited Liability Company, (hereinafter "Borrower"). The Trustee is Denise
<br />D. Myers, Attorney at Law, of Myers Law Office, P.C., L.L.O., 415 S. High Street, P.O. Box 505,
<br />Cairo, Nebraska 68824, ("Trustee"). The beneficiaries are Donald A. Dubas or Lynda M. Dubas,
<br />husband and wife, #33 Lillian Lane, Doniphan, NE 68832, (hereinafter "Lender"). Borrower owes
<br />Lender the principal sum of One Hundred Seventeen Thousand One Hundred Forty and 78/100
<br />Dollars ($117,140.78). This debt is evidenced by Borrower's note dated the same date as this
<br />Security Instrument ("Note"), which provides for payment of principal, plus accrued interest in
<br />monthly payments, with a balloon payment of Forty Eight Thousand Six Hundred Ninety Eight
<br />Dollars and 62/100 Dollars, due on October 1, 2021. The remaining principal balance of Forty
<br />Eight Thousand Six Hundred Ninety Eight Dollars and 61/100 Dollars shall not accrue interest
<br />and shall be due and payable in one payment on January 2, 2022. The Deed of Trust
<br />(sometimes referred to herein as "security instrument") secures to Lender: (a) the repayment of
<br />the debt evidenced by the Note, and all renewals, extensions and modifications; (b) the payment
<br />of all other sums advanced under paragraph 4 to protect the security of this Security Instrument;
<br />and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in Hall County, Nebraska:
<br />Lot Six (6), and the North Half of Lot Seven (7), Block Twenty -Two (22), Packer
<br />and Barr's Second Addition to the City of Grand Island, Hall County, 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
<br />this Security Instrument as the "Property".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby
<br />conveyed and has the right to grant and convey the Property. Borrower warrants and will defend
<br />generally the title to the Property against all claims and demands, subject to any encumbrances
<br />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
<br />when due the principal on the debt evidenced by the Note and any prepayment and late charges
<br />due under the Note. Prepayment of principal or any part thereof, shall be allowed without the
<br />prior written consent of Lender, provided that Buyer pays a penalty equal to ten percent (10.0%)
<br />of the then outstanding principal balance of the loan.
<br />2. Charges; Liens. Borrower shall pay all real estate taxes and assessments
<br />attributable to the Property which may attain priority over this Security Instrument, and leasehold
<br />payments or ground rents, if any.
<br />Borrower shall promptly discharge any lien which has priority over this Security
<br />Instrument (except the existing lien to First National Bank of Omaha filed on July 5, 2018, which
<br />shall be superior to that of Lender) unless Borrower: (a) agrees in writing to the payment of the
<br />obligation secured by the lien in a manner acceptable to Lenders; (b) contests in good faith the
<br />lien by, or defend against enforcement of the lien in, legal proceedings which in the Lender's
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