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<br />Retum to: ' i e Myers e 0' -
<br />y rs Ave., Ste 1 d 6 rri a.t S
<br />NE 68803 31 ark Al S land k� (ogeQ /
<br />TRUST DEED
<br />THIS DEED OF TRUST is made on January, 2013. The Trustors are Miguel R. Cruz, and
<br />Belkys M. Gatell, husband and wife, (hereinafter collectively "Borrower"). The Trustee is Denise D. Myers,
<br />Attorney at Law, of Myers & Daugherty, P.C., L.L.O., 611 N. Diers Ave., Ste. 1, Grand Island, Nebraska
<br />68803, ("Trustee"). The beneficiary is J & B Rentals, L.L.C., a Nebraska Limited Liability Company, 1611
<br />N. St. Paul Road, P.O. Box 1042, Grand Island, NE 68801, (hereinafter "Lender"). Borrower owes Lender
<br />the principal sum of Seventy Thousand and 00/100 Dollars ($70,000.00). This debt is evidenced by
<br />Borrower's note dated the same date as this Security Instrument ("Note"), which provides for payment of
<br />principal, plus accrued interest in monthly payments. The Deed of Trust (sometimes referred to herein as
<br />"security instrument") secures to Lender: (a) the repayment of the debt evidenced by the Note, and all
<br />renewals, 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 and
<br />agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of
<br />sale, the following described property located in Hall County, Nebraska:
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<br />Gr • nd Isla
<br />The South 71.65 feet (S 71.65') of Lot Five (5), in Block Eighty Three (83),
<br />Original Town, now 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 rights and
<br />stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has
<br />the right to grant and convey the Property and that the Property is unencumbered. Borrower warrants and
<br />will defend 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 when due the
<br />principal on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />Prepayment of principal or any part thereof, shall be allowed without the prig!' written consent of Lender.
<br />2. Charges; Liens. Lender shall pay all real estate taxes and assessments attributable to the
<br />Property until such time as the debt is paid in full and the deed is filed of record. The Borrower shall then
<br />pay all real estate taxes on the property.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument
<br />unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner
<br />acceptable to Lenders; (b) contests in good faith the lien by, or defend against enforcement of the lien in,
<br />legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture
<br />of any part of the Property; or (c) secures from the holder of the lien an agreement satisfactory to Lender
<br />subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is
<br />subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice
<br />identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within
<br />10 days of the giving of notice.
<br />3. Hazard Insurance. Lender shall keep any improvements now existing or hereafter erected on
<br />the Property insured against loss by fire, wind, or other natural disasters until such time as the promissory
<br />note is paid in full. Upon the filing of the Deed, the Borrower shall assume responsibility for insuring the
<br />property.
<br />4. Protection of Lenders' Rights in the Property; Mortgage Insurance. If Borrower fails to perform
<br />the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may
<br />significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for
<br />condemnation or to enforce laws or regulations), then Lender may do and pay for whatever is necessary to
<br />protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying
<br />any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying
<br />reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action
<br />under this paragraph 4, Lender does not have to do so. Any amounts disbursed by Lender under this
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<br />ON IN3Wf1U.SNI SY 03I31N3
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