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<br />(F) All proceeds (including claims and demands therefor) of the conversion,
<br />voluntary or involuntary, of any of the foregoing into cash or liquidated claims, including,
<br />without limitation, proceeds of insurance and condemnation awards; and
<br />FOR THE PURPOSE OF SECURING, in such order of priority as Beneficiary may elect:
<br />(1) Due, prompt and complete observance, performance and discharge of each
<br />and every obligation, covenant and agreement contained in the Secured Promissory Note
<br />between Trustor and Beneficiary dated May 9, 2017 in the original principal amount of
<br />Seventy-five thousand and 00/100 (the "Note") including, without limitation, all
<br />obligations evidenced by the Note as defined therein, to Beneficiary; and any and all
<br />modifications, substitutions, extensions or renewals of the Note and whether the entire
<br />amounts shall have been repaid in part and;
<br />(2) Due, prompt and complete observance, performance and discharge of each
<br />and every obligation, covenant and agreement of Trustor contained herein; and
<br />(3) Payment of any other or further indebtedness at any time owing by Trustor to
<br />Beneficiary however the same may be incurred, and in whatever form it may be, whether
<br />contingent or represented by notes, judgments, or otherwise, and all interest thereon;
<br />and
<br />(4) Due, prompt and complete observance, performance and discharge of each
<br />and every obligation, including payment obligations, covenants, and agreements
<br />contained in the following: the Promissory Note, Loan Agreement, and Security
<br />Agreement executed by Julie Wright f/k/a Julie Morris d/b/a Blue Stripe Photography on
<br />or about May 9, 2017, the Commercial Guaranty executed by Julie Wright f/k/a Julie
<br />Morris on or about May 9, 2017, and this Deed of Trust. Trustor acknowledges and
<br />warrants that Julie Wright, formerly known as Julie Morris, is a member of Trustor, has an
<br />economic interest in this transaction, and has done business under the sole
<br />proprietorship, Blue Stripe Photography. Trustor further acknowledges and warrants that
<br />it has an economic interest in the transaction or transactions evidenced by the
<br />agreements and documents aforementioned in this paragraph.
<br />The foregoing debts and obligations are hereinafter collectively referred to as the
<br />"Obligations").
<br />ARTICLE I
<br />COVENANTS
<br />Trustor covenants, warrants, represents and agrees to and with Beneficiary and Trustee
<br />as follows:
<br />1.01 Payment of Principal and Interest. Trustor will pay the Obligations according
<br />to the terms thereof.
<br />1.02 Warranty of Title. Trustor owns fee simple title to the Property and is lawfully
<br />seized of the Property hereby conveyed, has the right to grant and convey the Property, and has
<br />good and marketable title to the Property subject to no lien, charge or encumbrance—except for
<br />any such liens or encumbrances disclosed to Beneficiary in writing; Trustor owns the Fixtures free
<br />and clear of liens and claims, except as permitted under this Deed of Trust; and this Deed of Trust
<br />is and will remain a valid and enforceable lien on the Property subject only to the exceptions
<br />referred to below. Trustor represents and warrants that Trustor has full power and lawful
<br />authority to grant, assign, transfer and mortgage its interest in the Property in the manner and
<br />form hereby done or intended. Trustor will preserve its interest in and title to the Property and
<br />will forever warrant and defend the same to Trustee and will forever warrant and defend the
<br />Borrower: Take Flight Investments, LLC
<br />Property Owner: Take Flight Investments, LLC
<br />Address: 213 West 3rd, Grand Island, NE 68801
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