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<br />Return to: Jamie Mues Jankovitz
<br />202 W. 3rd St.
<br />Grand Island, NE 68801
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the L day of_, 2021, by Venture
<br />North, LLC, a Nebraska limited liability company by its members: Amanda North, Shane
<br />North and Karen North, ("TRUSTOR"), whose mailing address is: 1495 W. Loup River Rd., v
<br />St. Libory, NE 68872; and, Jamie Mues Jankovitz, Attorney at Law ("TRUSTEE"), whose
<br />mailing address is: 202 W. 3rd St., Grand Island, Nebraska 68801; and Karen K. North, an
<br />individual, whose mailing address is, 332 Redwood Rd., Grand Island, Nebraska, 68803
<br />("BENEFICIARY").
<br />FOR VALUABLE CONSIDERATION, Trustors irrevocably transfer, convey, and
<br />assign to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in Hall County, Nebraska, and legally described as follows:
<br />Lot (46), Western Heights Third Subdivision, Grand Island, Hall County,
<br />Nebraska
<br />(Physical Address: 4223 Lariat Place, Grand Island, NE 68803 )
<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 $135,000.00
<br />with interest thereon at the rate of 3 % per annum, as evidenced by a Promissory
<br />Note of even date (the "Note") with a maturity date of _October 31, 2022
<br />executed by Trustor, which has been delivered and is payable to the order of
<br />Beneficiary, and which by this reference is hereby made a part hereof, and any
<br />and all modifications, extensions and renewals thereof.
<br />(b) Payment of all sums advanced by Beneficiary to protect the Trust
<br />Estate, with interest thereon at the rate of 3.00 % percent per annum, the default
<br />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
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